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Translate files Turnover
/ˈtɜrnˌoʊvər/
Meaning & Definition
noun
The amount of business conducted in a given period, typically measured by sales or revenue.
The company's turnover increased by 15% last year.
The rate at which employees leave a workforce and are replaced.
The high turnover in the restaurant industry often leads to training challenges.
The total sales made by a company in a specific period.
The retail chain reported a turnover of $5 million during the holiday season.
An item made by folding a pastry dough over a filling, commonly used in baking.
She baked a delicious apple turnover for dessert.
verb
To cause to be turned over or turned around.
The manager had to turnover the staff to improve morale and productivity.
Etymology
From turn + over, indicating the act of turning something over in contrast or in reference.
Common Phrases and Expressions
staff turnover
The rate at which employees leave and are replaced in a company.
turnover rate
The percentage of employees that leave a business over a specific period.
turnover tax
A tax based on the total revenue generated by a business.
Related Words
revenue
The total income produced by a business.
sales
Transactions in which goods or services are sold.
profit
The financial gain after all expenses are subtracted from revenue.
Slang Meanings
Turnover in sports context refers to losing possession of the ball.
That costly turnover led to a quick basket for the opposing team.
In business slang, turnover can refer to rapid changes in staff.
That startup is known for its high turnover; last month they replaced half their team.