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English definition of “turnover”

turnover

noun [U]
 
 
/ˈtɜːnˌəʊvər/
UK ACCOUNTING the amount of money that a company gets from sales during a particular period: Group turnover rose 2% in the period, compared with last year.annual/daily/yearly turnover The business has an annual turnover of $350,000. The company reported a €500,000 loss on turnover of €4.5 million.overall/total/worldwide turnover Total turnover for the year amounted to £17 billion. first-half/full-year turnover high/low/strong turnover
HR the rate at which employees leave a company and are replaced by new employees: The company has a staff turnover of around 12% a year.high/low turnover Private nurseries tend to have a high turnover of staff. sales force/CEO turnover forced/voluntary turnover
COMMERCE the rate at which a store sells and replaces its stock: fast/high/rapid turnover With the high street's fast turnover, popular fashions often sell out within days.
FINANCE, STOCK MARKET the total number and value of shares bought and sold on a stock market in a particular period of time: light/heavy turnover The market dropped in heavy turnover. The Trust will generally not exceed a portfolio turnover rate of 100%.
→ See also asset turnover, capital turnover, cash turnover, employee turnover, inventory turnover, labour turnover, sales turnover, stock turnover
(Definition of turnover from the Cambridge Business English Dictionary © Cambridge University Press)
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