Turnover

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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.

High staff turnover is generally costly for the organisation.


See also