turnover

[ˈtəːnəʊvə]

turnover Definition

• 1. the amount of money that a business earns in a particular period of time
• 2. the rate at which employees leave a company and are replaced by new ones
• 3. the 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

Synonyms for turnover

• revenue
• output
• yield
• sales

Phrases with turnover

• staff turnover

  the rate at which employees leave a company and are replaced by new ones

  Example

  The company has a high staff turnover due to poor working conditions.

• inventory turnover

  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.

• asset turnover

  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.

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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.