- Mutual Funds: A measure of trading activity during the previous year, expressed as a percentage of the average total assets of the fund. A turnover ratio of 25% means that the value of trades represented one-fourth of the assets of the fund. Finance: The number of times a given asset, such as inventory, is replaced during the accounting period, usually a year. Corporate: The ratio of annual sales to net worth, representing the extent to which a company can growth without outside capital. Markets: The volume of shares traded as a percent of total shares listed during a specified period, usually a day or a year. Great Britain: total revenue. The New York Times Financial Glossary
* * *turnover turn‧o‧ver [ˈtɜːnˌəʊvə ǁ ˈtɜːrnˌoʊvər] noun [singular, uncountable]1. ACCOUNTING the amount of business done in a particular period of time, measured by the amount of money obtained from customers for goods or services that have been sold; = SALES:turnover of
• The commercial services business unit had an annual turnover of 3.9 billion kronor.ˌasset ˈturnoverACCOUNTING a company's sales in relation to its assets, calculated to see how efficiently a business uses its assetsˌcapital ˈturnover also inˌvestment ˈturnover ACCOUNTINGthe relationship between the total sales of a business and its share capital. For example, if a business has total sales of £10 million and the share capital was £2 million, the capital turnover is 5:1:
• Inferior quality, enormous waste in construction, and slow capital turnover are to be found throughout the industry.ˌstock ˈturnover also ˌstock ˈturn , ˌinventory ˈturnover ACCOUNTINGthe average value of stock held by a business in relation to the total value of its sales during a year, showing how quickly a business sells its stock:
• New book purchases must be based on a stock turn of one year — in other words, the whole print run has to sell out within one year.2. HUMAN RESOURCES the rate at which workers leave an organization and are replaced by others:
• Morale among child-care workers is low, and turnover is more than 40% a year.
• Contract workers have a high turnover rate.3. COMMERCE the rate at which goods are sold:stock turnover of
• Our business success is built on a fast turnover of merchandise.4. FINANCE the number of shares traded on a stockmarket during a particular period of time, usually a day, or the number of shares traded in a particular company:
• Stocks closed 16 per cent lower at 27360 points amid light turnover (= not much trading ) .
• The company's shares gained 20p to 463p on turnover of 1.1 million shares.
* * *1) The amount of goods or services sold by a company in a given period. Also known as revenue or sales.2) Total volume of trades in a market during a given period.
* * *turnover UK US /ˈtɜːnˌəʊvər/ noun [U]► UK ACCOUNTING the amount of money that a company gets from sales during a particular period: »
Group turnover rose 2% in the period, compared with last year.annual/daily/yearly turnover »
The business has an annual turnover of $350,000.»
The company reported a €500,000 loss on turnover of €4.5 million.overall/total/worldwide turnover »
Total turnover for the year amounted to £17 billion.»
high/low/strong turnover► HR the rate at which employees leave a company and are replaced by new employees: »
The company has a staff turnover of around 12% a year.high/low turnover »
Private nurseries tend to have a high turnover of staff.»
sales force/CEO turnover»
forced/voluntary turnover► COMMERCE the rate at which a store sells and replaces its stock: fast/high/rapid turnover »
With the high street's fast turnover, popular fashions often sell out within days.► FINANCE, STOCK MARKET the total number and value of shares bought and sold on a stock market in a particular period of time: light/heavy turnover »
The market dropped in heavy turnover.»
The Trust will generally not exceed a portfolio turnover rate of 100%.→ See also ASSET TURNOVER(Cf. ↑asset turnover), CAPITAL TURNOVER(Cf. ↑capital turnover), CASH TURNOVER(Cf. ↑cash turnover), EMPLOYEE TURNOVER(Cf. ↑employee turnover), INVENTORY TURNOVER(Cf. ↑inventory turnover), LABOUR TURNOVER(Cf. ↑labour turnover), SALES TURNOVER(Cf. ↑sales turnover), STOCK TURNOVER(Cf. ↑stock turnover)
Financial and business terms. 2012.
Look at other dictionaries:
turnover — or turns Terms used to describe the number of operating cycles in a defined period of time or the length of each specific operating cycle. Typical turnover cycles are: the rate at which accounts receivable converts to cash, the rate at which… … Financial and business terms
Turnover — may refer to:BusinessEurope*Turnover is the term for revenue.United States*Turnover is the measure of how quickly inventory is sold. A high turnover means that goods are sold quickly, while a low turnover means that goods are sold more… … Wikipedia
Turnover — Turnover, zu deutsch „Umschlag“ oder „Umsatz“, bezeichnet im Englischen Umsatz (Naturwissenschaft), den Umsatz eines Produktes oder einer Substanz, so bei Stoffwechselvorgängen in der Biologie das Ersetzen einer Art durch eine andere, siehe… … Deutsch Wikipedia
Turnover — Turn o ver, n. 1. The act or result of turning over; an upset; as, a bad turnover in a carriage. [1913 Webster] 2. A semicircular pie or tart made by turning one half of a circular crust over the other, inclosing the fruit or other materials.… … The Collaborative International Dictionary of English
Turnover — Turn o ver, a. Admitting of being turned over; made to be turned over; as, a turnover collar, etc. [1913 Webster] … The Collaborative International Dictionary of English
turnover — [tʉrn′ō΄vər] n. 1. the act or an instance of turning over; specif., a) an upset b) a change from one use, side, opinion, management, etc. to another 2. a small filled pastry made by folding one half of the crust back over the other half and… … English World dictionary
turnover — n. The rate of replacement of goods, funds, or personnel; in a company, the rate at which employees leave and are replaced by others. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 … Law dictionary
turnover — The process by which any entity in possession of property of the estate is surrenders such property to the bankruptcy trustee (SA Bankruptcy.com) United Glossary of Bankruptcy Terms 2012 … Glossary of Bankruptcy
turnover — 1650s, action of turning over, from TURN (Cf. turn) + OVER (Cf. over); meaning kind of pastry tart is attested from 1798. Meaning number of employees leaving a place and being replaced is recorded from 1955 … Etymology dictionary
turnover — /turˈnover, ingl. ˈtYːnˌəuvə(r)/ [loc. ingl., comp. di turn «rotazione» e over «in eccesso»] s. m. inv. 1. turno, avvicendamento, rotazione, ricambio, alternanza 2. (di personale) sostituzione 3. giro di affari, volume di affari … Sinonimi e Contrari. Terza edizione
turnover — ► NOUN 1) the amount of money taken by a business in a particular period. 2) the rate at which employees leave a workforce and are replaced. 3) the rate at which goods are sold and replaced in a shop. 4) a small pie made by folding a piece of… … English terms dictionary