Definition Of Business Turnover
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Turnover is an accounting concept that calculates how quickly a business conducts its operations.
Definition of business turnover. Turnover is the total sales made by a business in a certain period. The turnover of a company is the value of the goods or services sold during a particular. It s an important measure of your business s performance. This is different to profit which is a measure of earnings.
If you provide labour and product your turnover. The rate at which employees. Gross profit and net profit. Your turnover also referred to as revenue see below for more info is the total of all money that passes through your business each year as a result of the sale of goods and services.
How to use turnover in a sentence. The most common measures of corporate turnover look at ratios involving accounts receivable and. It s sometimes referred to as gross revenue or income. Profit is a measure of earnings once all costs have been deducted and for the sake of clarity there are two ways of measuring profit.
The amount of business that a company does in a period of time. Turnover definition is the amount received in sales for a stated period.
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