Meaning of “stock turnover ratio” in the English Dictionary

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"stock turnover ratio" in Business English

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stock turnover rationoun [ C ]

uk us ACCOUNTING, COMMERCE

the total value of goods a company sells during a particular period compared with the average value of the goods it has available for sale during that period:

A company with a rapid stock turnover might have a stock turnover ratio of less than 1:1.

(Definition of “stock turnover ratio” from the Cambridge Business English Dictionary © Cambridge University Press)