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turnover

turnover

15 4.1
The total value of goods or services a company sells
  • noun
  • /ˈtɜrnˌoʊvər/
  • UK
translation icon : facturación
  • All of these businesses have considerable turnover as the mostly young carvers and painters leave to work on their own.
  • inventory turnover
  • stock turnover
  • total turnover

The bucket shops thrived because anyone who consistently won was quickly banned, leaving only the losers who enjoyed gambling and fast turnover.

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Examples

  • As costs have risen, so has the price of sugar for consumers, while Tate and Lyle's turnover and profits have been hit.

  • The company achieved a turnover of $82.73 million in 1998 and $88.20 million in 1999.

    Academic text (2000)
  • Thus, rare species have a higher turnover of individual trees than do common species.

    Academic text (1992)
  • The World Bank provides its data as total annual turnover for a nation's stock markets.

    Blog text (7)
  • Capital stock turnover places an upper limit on the rate of adoption of new technologies.

    Academic text (2000)
  • The company's gross annual turnover is estimated at $2 billion.

    Academic text (1990)
  • Investing tax efficiently and limiting turnover will help keep the costs down when utilizing a core/satellite approach.

    Blog text (23)
  • Inter-Korean trade began in 1989 with a meager turnover of approximately $18 million, and its volume reached $330 million in 1999.

    Academic text (2002)
  • The company's annual turnover reached over five million dollars, highlighting its successful sales performance.

  • During the last financial quarter, the turnover from online sales increased significantly compared to the previous year.

Synonyms

revenue
vsturnover
  • Specialized
352 3.4

Money a business gets from sales before paying costs

focuses specifically on value from goods or services provided to customers
dollar volume
vsturnover
  • Specialized
1 3.9

The total amount of money from sales or trades in US dollars over a period

uses the same idea but without restricting amount to a single currency
sales
vsturnover
1.0

The money a company gets from selling goods or services

measures total business value over a period rather than only cash received

Antonyms

439 3.9

A gradual loss in amount, quality, or value

Compounds

turnover rate
  • Specialized
5 4.0

How quickly workers leave a company and new workers replace them

A baked pastry with sweet apple filling wrapped in dough

How quickly workers leave a company and new ones replace them

How Much

turnover
  • UK
15 4.1
revenue
  • Specialized
484 3.8
income
1.2
receipts
3.2
takings
4.8

Surface Forms

turnover singular
turnovers plural

Morphology

turnover = turn (opaque) = over + turn

The commercial sense ('total sales' or revenue) is a technical/business term whose connection to the literal action 'turn over' is historical and not transparent to many learners. [Postprocessing: moved 'over' from base_words to prefix]

Etymology

Turnover comes from the words turn + over, from the idea of goods or money 'turning over' by being sold and replaced. That's why in business 'turnover' measures how much is sold in a set time.