noun turn·over \ˈtərn-ˌō-vər\

: the amount of money that is received in sales by a store or company

: the rate at which people leave a place, company, etc., and are replaced by others

: the rate at which the goods in a store are sold and replaced by other goods

Full Definition of TURNOVER

:  an act or result of turning over :  upset
:  a turning from one side, place, or direction to its opposite :  shift, reversal
:  a reorganization with a view to a shift in personnel :  shake-up
:  something that is turned over
:  a filled pastry made by folding half of the crust over the other half
:  the amount of business done; especially :  the volume of shares traded on a stock exchange
a :  movement (as of goods or people) into, through, and out of a place
b (1) :  a cycle of purchase, sale, and replacement of a stock of goods
(2) :  the ratio of sales for a stated period to average inventory (3) :  the amount received in sales for a stated period
c :  the number of persons hired within a period to replace those leaving or dropped from a workforce; also :  the ratio of this number to the number in the average force maintained
:  the continuous process of loss and replacement of a constituent (as a cell or tissue) of a living system
:  the act or an instance of a team's losing possession of a ball through error or a minor violation of the rules (as in basketball or football)

Examples of TURNOVER

  1. The company had an increase in turnover this quarter.
  2. The company has a high turnover rate.
  3. We want to find ways to speed up inventory turnover.

First Known Use of TURNOVER

14th century

Other Business Terms

amortize, caveat emptor, clearinghouse, divest, due diligence, emolument, green-collar, marque, overhead, perquisite



Definition of TURNOVER

:  capable of being turned over

First Known Use of TURNOVER

circa 1849
TURNOVER Defined for Kids


noun turn·over \ˈtərn-ˌō-vər\

Definition of TURNOVER for Kids

:  a filled pastry with one half of the crust turned over the other
Medical Dictionary


noun turn·over \ˈtər-ˌnō-vər\

Medical Definition of TURNOVER

:  the continuous process of loss and replacement of a constituent (as a neurotransmitter, cell, or tissue) of a living system <protein turnover in various pathological states—J. C. Waterlow> <hyperthyroidism accelerates bone turnover and shortens the normal bone remodeling cycle—Richard Sadovsky>


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