Turnover
Encyclopedia
Business
- Turnover is sometimes a synonym for revenueRevenueIn business, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. In many countries, such as the United Kingdom, revenue is referred to as turnover....
(or in certain contexts, salesSalesA sale is the act of selling a product or service in return for money or other compensation. It is an act of completion of a commercial activity....
), especially in European and South African usage.
Services sold by a company during a particular period of time.
- Turnover is sometimes the name for a measure of how quickly inventory is sold (inventory turnoverInventory turnoverIn accounting, the Inventory turnover is a measure of the number of times inventory is sold or used in a time period such as a year. The equation for inventory turnover equals the cost of goods sold divided by the average inventory...
). A high turnover means that goods are sold quickly, while a low turnover means that goods are sold more slowly.- Asset turnover is a financial ratioFinancial ratioA financial ratio is a relative magnitude of two selected numerical values taken from an enterprise's financial statements. Often used in accounting, there are many standard ratios used to try to evaluate the overall financial condition of a corporation or other organization...
that measures the efficiency of a company's use of its assetAssetIn financial accounting, assets are economic resources. Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset...
s in generating sales revenue or sales income to the company.
- Asset turnover is a financial ratio
- Turnover (employment)Turnover (employment)In a human resources context, turnover or staff turnover or labour turnover is the rate at which an employer gains and loses employees. Simple ways to describe it are "how long employees tend to stay" or "the rate of traffic through the revolving door." Turnover is measured for individual companies...
, relative rate at which an employer gains and loses staff, especially in North American usage - Customer turnoverCustomer attritionCustomer attrition, also known as customer churn, customer turnover, or customer defection, is a business term used to describe loss of clients or customers....
, the rate at which a business loses customers, sometimes called the churn.
Sports
- Turnover (football)Turnover (football)In American football, a turnover occurs when the team with the ball loses possession of the ball, which is then gained by the other team. The two events that are officially classified as "turnovers" are fumbles or interceptions In American football, a turnover occurs when the team with the ball...
, in American football occurs when the offense loses possession of the football because of a fumble, interception, or on downs - Turnover (basketball)Turnover (basketball)In basketball, a turnover occurs when a player from one team gives possession to a member of the opposing team by losing the ball. This can result from the ball being stolen, the player making mistakes such as stepping out or throwing the ball out of bounds, or committing a violation or committing...
, a turnover in basketball occurs when a player from one team gives possession to the opposing team by losing the ball without taking a shot - Turnover (rugby union), a turnover in rugby union occurs when a team loses possession in a ruck or a maul.
- Turnover (rugby league), a turnover in rugby league occurs when a team loses possession or at the end of a team's six tackles.
Demographics
- Population turnover, measures gross moves in relation to the size of the population and is related to population mobilityPopulation mobilityPopulation mobility, geographic mobility or more simply mobility is a statistic that measures migration within a population. It is most commonly used in demography and human geography, it may also be used to describe the movement of animals between populations.Mobility estimates in the Current...
Chemical kinetics
- Turnover numberTurnover numberTurnover number has two related meanings:In enzymology, turnover number is defined as the maximum number of molecules of substrate that an enzyme can convert to product per catalytic site per unit of time and can be calculated as follows: kcat = Vmax/[E]T...
, is the number of moles of substrate that a mole of catalyst can convert before becoming inactivated. In enzyme kinetics, the same term is used to refer to the moles of substrate converted by a mole of enzyme per second
Music
- "Turnover" is a song by Fugazi from their album RepeaterRepeater (album)Repeater is the debut full-length studio album by the American post-hardcore band Fugazi. It was released on April 19, 1990 as Repeater on LP, and in May 1990 on CD bundled with the 3 Songs EP as Repeater + 3 Songs...
- Turn OverTurn OverTurn Over is the first live album of the Japanese rock group Show-Ya. It is a collection of live songs recorded during concerts from the "Date Line Tour" and "Immigration Tour" in 1987, and from the "Tour of the Immigrant" in 1988. The album reached position No...
is a live album by Japanese band Show-Ya