turnover
noun [ U ]
uk/ˈtɜːnˌəʊvər/ us ACCOUNTING UK
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