Anyone please explain the meaning of turnover in this pic?
What turnover means?
Definition of turnover
(Entry 1 of 3) 1a(1) : the amount received in sales for a stated period. (2) : the ratio of sales for a stated period to average inventory. (3) : a cycle of purchase, sale, and replacement of a stock of goods.
Is turnover one word or two words?
The word turnover is a closed compound word that came into use in the mid-1600s. The plural of turnover is turnovers.
What is the type of turnover?
Regardless of business type there are two main types of employee turnover: voluntary and involuntary. Within each of those categories, however, you’ll find various reasons for why a company might have employee turnover. While the term “turnover” sometimes has a negative connotation, not all turnover is bad.
What is annual turnover?
Annual turnover is the percentage rate at which something changes ownership over the course of a year. For a business, this rate could be related to its yearly turnover in inventories, receivables, payables, or assets.
Does turnover mean profit?
Turnover is the total sales made by a business in a certain period. It’s sometimes referred to as ‘gross revenue’ or ‘income’. This is different to profit, which is a measure of earnings. It’s an important measure of your business’s performance.
What does quick turnover mean?
derogatory, rare. (Of a person) concerned with buying and selling goods for cash as rapidly as possible, especially on the black market.
How do you use turnover in a sentence?
How to use Turnover in a sentence
- He was reluctant to invest in a venture that has a slow turnover. …
- The total turnover of goods sold and “ordered” amounts to nearly 362 millions sterling annually.
How do I calculate my turnover?
To determine your rate of turnover, divide the total number of separations that occurred during the given period of time by the average number of employees. Multiply that number by 100 to represent the value as a percentage.
What is employee turnover?
Employee turnover refers to the total number of workers who leave a company over a certain time period. It includes those who exit voluntarily as well as employees who are fired or laid off—that is, involuntary turnover.
What is turnover in bank account?
While when a bank gives loan to any person or company they see the turnover. Here the turnover generally refers to the total credits in any given period in account holder’s account.
What is monthly turnover?
The formula for calculating turnover on a monthly basis is figured by taking the number of separations during a month divided by the average number of employees on the payroll . Multiply the result by 100 and the resulting figure is the monthly turnover rate.
Is turnover same as sales?
Sales and turnover are sometimes used interchangeably to mean the same thing but are slightly different. Sales are the total value of products (goods and services) a business sells. In contrast, turnover (sales turnover) measures how much the company sold its products and services within a given period.
What is the difference between turnover and income?
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. Thus, turnover and profit are essentially the beginning and ending points of the income statement – the top-line revenues and the bottom-line results.
Is turnover before tax?
The official definition of turnover according to the Companies Act is stated as “the amount derived from the provision of goods and services after deduction of trade discounts, value added tax (VAT), and any other taxed based on the amounts so derived”.
What is my turnover self employed?
Your “turnover” as a self-employed worker is the total amount you make in sales in a given period. This period can be your financial year.