What is turnover of a company?

Question

What is turnover of a company?

Answer 1

The turnover of a company is the total sales proceeds received over a financial year of calculation for statistical and other financial purposes for determination of its strengths, volume, number of cycles per year and many more financial parameters.

A good turnover actually shows good business and good management of a company.

Answer 2

turnover is ultimately sales of the business

Answer 3

Simply put, Turnover is the volume of business over a period of time.

It is also the ratio of workers in a company that have been replaced over a period of time, to the average number of workers.

If a company is selling goods, it is also the number of times that their inventory of goods is sold over a given period.

For a company, the ratio of annual sales to inventory; or equivalently, the fraction of a year that an average item remains in inventory. Low turnover is a sign of inefficiency, since inventory usually has a rate of return of zero. here also called inventory turnover. For a mutual fund, the number of times per year that an average dollar of assets is reinvested.

Answer 4

Sales.