Meaning & Definition of word "Turnover"

Turnover

/ˈtɜrnˌoʊvər/

1. The amount of business conducted in a given period, typically measured by sales or revenue.
- Example: The company's turnover increased by 15% last year.
2. The rate at which employees leave a workforce and are replaced.
- Example: The high turnover in the restaurant industry often leads to training challenges.
3. The total sales made by a company in a specific period.
- Example: The retail chain reported a turnover of $5 million during the holiday season.
4. An item made by folding a pastry dough over a filling, commonly used in baking.
- Example: She baked a delicious apple turnover for dessert.

1. To cause to be turned over or turned around.
- Example: The manager had to turnover the staff to improve morale and productivity.

●From turn + over, indicating the act of turning something over in contrast or in reference.

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.

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.

Meaning: Turnover in sports context refers to losing possession of the ball.

● Example Sentence: That costly turnover led to a quick basket for the opposing team.

Meaning: In business slang, turnover can refer to rapid changes in staff.

● Example Sentence: That startup is known for its high turnover; last month they replaced half their team.