turnover Definition
- 1the amount of money that a business earns in a particular period of time
- 2the rate at which employees leave a company and are replaced by new ones
- 3the number or amount of goods sold or produced by a company within a particular period of time
Using turnover: Examples
Take a moment to familiarize yourself with how "turnover" can be used in various situations through the following examples!
Example
The company's turnover has increased by 20% this year.
Example
The high turnover rate in the company is a cause for concern.
Example
The bakery has a high turnover of fresh bread every day.
turnover Synonyms and Antonyms
Phrases with turnover
Example
The company has a high staff turnover due to poor working conditions.
the number of times a company sells and replaces its inventory over a period of time
Example
The inventory turnover rate has been steadily increasing over the past few months.
a financial ratio that measures a company's ability to generate revenue from its assets
Example
The asset turnover ratio has decreased, indicating that the company is not using its assets efficiently.
Summary: turnover in Brief
The term 'turnover' [ˈtəːnəʊvə] refers to the amount of money earned by a business, the rate at which employees leave and are replaced, and the number or amount of goods sold or produced within a particular period. Examples include 'The company's turnover has increased by 20% this year.' and 'The bakery has a high turnover of fresh bread every day.' Phrases like 'staff turnover' and 'inventory turnover' are also used.
