Business Glossary Definition (English)
Turnover Defined
The following is in context to Business, because it's common for a single word to have multiple meanings you will find additional research links near the bottom of the page.
"Turnover is the number of times that an average inventory of goods is sold during a fiscal year or some designated period. Care must be taken to ensure that the average inventory and net sales are both reduced to the same denominator; that is, divide inventory at cost into sales at cost or divide inventory at selling price into sales at selling price. Do not mix cost price with selling price. The turnover, when accurately computed, is one measure of the efficiency of a business."
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Additional Turnover Definition Starting Points
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