what is turnover in business
In human resources context, turnover is the act of replacing an employee with a new employee. Sales represent the value of goods and services distributed to customers in exchange for payment in a specific time period, while turnover is the company's total revenue. Your business's turnover is the sales it makes over a given period of time. The total volume of all executed transactions in a given time period. But, it is more important to do that profitably rather than sell stocks at a low gross profit margin or worse at a loss. busy business man image by morsted from Fotolia.com Meaning of turnover as a finance term. Find out more about what is the turnover of a business and how we can help your small business turnover definition: ... the amount of business done during a given period of time in terms of the money used in buying and selling; Definitions (2) 1. Turnover is unavoidable in any business, but high turnover indicates a fundamental problem. In general, an entity's annual turnover means the value of all supplies that are made within a twelve-month period. Turnover, in general, is how many times you are using something in a year. When it comes to all things business, turnover represents the rate at which any asset is replaced or revolved during a certain time period. Turnover is an accounting term that calculates how quickly a business collects cash from accounts receivable or how fast the company sells its inventory. What is turnover? annual turnover. Turnover is how often it must replace assets such as inventory OR it is the net amount a business makes as a result of its sales A measure of how quickly a fund turns over its holdings during the year. If your average number of employees is 10, and you've had 25 people working for you during the year, your staff turnover is 2.5. By assessing the real costs of employee turnover, youll be positioned to map out your small business workforce planning. Turnover is unavoidable in any business, but high turnover indicates a fundamental problem. Some of the cost is financial, but not all. Looking for online definition of turnover in the Medical Dictionary? The Costs and Benefits of Nurse Turnover: A Business Case for Nurse Retention ^ You'll hear people talk about the high cost of turnover, but when you try to press for the actual costs they don't really know. It is equal to the dollar transaction volume of the trades in one year divided by the total portfolio size, expressed as a percentage. What is Turnover? As a general guide, the quicker a business turns over its stocks, the better. citifinancial business loans - business loans standard bank NYC New York business loans international financing business Hiring the right people from the start, most experts agree, is the single best way to reduce employee turnover. Interpreting the stock turnover ratio needs to Business turnover is a numeric value representing total sales. Turnover definition: The turnover of a company is the value of the goods or services sold during a particular... | Meaning, pronunciation, translations and examples The BAS Business Heat Map analyses average annual turnover of businesses according to the constituency in which they are based. Many human resources departments fail to A highly active fund will have a high annual turnover. Turnover is the net sales generated by a business, while profit is the residual earnings of a business after all expenses have been charged against net sales. A business whose aggregate turnover in a financial year exceeds Rs 20 lakhs has to mandatorily register under Goods and Services Tax. In a restaurant, if you have 20 tabes, and serve 40 groups at dinner, you've turned your tables 2 times. Definition of Involuntary Turnover: Involuntary turnover occurs when an employee is terminated from a position. turnover synonyms, turnover pronunciation, ... and so continued to have such petty business to do, that I should be sure to stay a good while. Learn what you can do about it. It is generally measured over a year's period, ... How to Calculate Business Turnover The turnover of a company is the sales made by the company of its products in an accounting period which can be a month, quarter, half year or full year. Define turnover. Definition of turnover in the Financial Dictionary - by Free online English dictionary and encyclopedia. High employee turnover has a high cost for any business. The national average turnover for a British business has been revealed as 505,644.33 according to research conducted by ICAEW Business Advice Service. Employee turnover is perceived in a number of different ways.