Meaning of “turnover” in the English Dictionary

"turnover" in British English

See all translations

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 (= their goods sell very quickly).
The business has an annual turnover of £50,000.

More examples

  • The seven companies have an aggregate turnover of £5.2 million.
  • Current guesstimates are that the company's turnover will increase by 7% this year.
  • The company's annual turnover is somewhere around £70.7 million.
  • Last year the company's turnover was $240 billion, up 3% on the previous year.

turnover noun (EMPLOYEES)

C2 [ S or U ] the rate at which employees leave a company and are replaced by new people:

The large number of temporary contracts resulted in a high turnover of staff.
US They've had a lot of turnover at the factory recently.

More examples

  • There is a very high turnover of staff at the hospital.
  • There is a high turnover of residents in the city.
  • The turnover rate amongst permanent employees is quite low.

(Definition of “turnover” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"turnover" in American English

See all translations

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 ongoing problem.

turnover noun (PASTRY)

[ C ] a piece of pastry that is folded to contain fruit within it:

an apple turnover

(Definition of “turnover” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"turnover" in Business English

See all translations

turnovernoun [ U ]

uk /ˈtɜːnˌəʊvər/ us

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%.

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