Turnover: Difference between revisions
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imported>Doug Williamson (Add third definition.) |
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Measured for example by the Inventory turnover ratio. | Measured for example by the Inventory turnover ratio. | ||
3. | |||
The rate at which any other key organisational factor is replaced, for example staff. | |||
When staff retention is high, staff turnover is low, and vice versa. | |||
Revision as of 09:18, 5 June 2018
1.
The total sales for a business, usually expressed on a per annum basis.
2.
The number of times that inventory or other working capital is replaced per annum.
Measured for example by the Inventory turnover ratio.
3.
The rate at which any other key organisational factor is replaced, for example staff.
When staff retention is high, staff turnover is low, and vice versa.
