turnover Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “turnover” in the English Dictionary

"turnover" in British English

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turnovernoun

uk   /ˈtɜːnˌəʊ.vər/  us   /ˈtɝːnˌoʊ.vɚ/
  • turnover noun (BUSINESS)

C1 [C or U] the ​amount of ​business that a ​company does in a ​period of ​time: Large ​supermarkets have high turnovers (= ​theirgoodssell very ​quickly). The ​business has an annual turnover of £50,000.

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  • turnover noun (EMPLOYEES)

C2 [S or U] the ​rate at which ​employeesleave a ​company and are ​replaced by new ​people: The ​largenumber of ​temporarycontractsresulted in a high turnover of ​staff.US They've had a lot of turnover at the ​factoryrecently.

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  • turnover noun (CAKE)

[C] a ​smallcake made from a ​foldedpiece of ​pastry with ​fruit inside: an ​apple turnover
(Definition of turnover from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"turnover" in American English

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turnovernoun

 us   /ˈtɜrnˌoʊ·vər/
  • turnover noun (EMPLOYEE CHANGES)

[U] the ​rate at which employees ​leave a ​company and are ​replaced: The high turnover among daycare ​workers is an ​ongoingproblem.
  • turnover noun (PASTRY)

[C] a ​piece of ​pastry that is ​folded to ​containfruit within it: an ​apple turnover
(Definition of turnover from the Cambridge Academic Content Dictionary © Cambridge University Press)

"turnover" in Business English

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turnovernoun [U]

uk   us   /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 ​companyreported 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 ​employeesleave 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. salesforce/​CEO turnover forced/​voluntary turnover
COMMERCE the ​rate at which a ​storesells 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 ​totalnumber and ​value of ​sharesbought and ​sold on a ​stockmarket in a particular ​period of ​time: light/heavy turnover The ​marketdropped in ​heavy turnover. The Trust will generally not ​exceed a portfolio turnover ​rate of 100%.
(Definition of turnover from the Cambridge Business English Dictionary © Cambridge University Press)
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“turnover” in American English

“turnover” in Business English

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