turnaround

noun

turn·around | \ ˈtərn-ə-ˌrau̇nd

Definition of turnaround

(Entry 1 of 2)

1a : the action of receiving, processing, and returning something 24-hour turnaround time on most orders

b : the process of readying a transport vehicle for departure after its arrival also : the time spent in this process a quick turnaround between flights

2a : turnabout sense 1a a corporate turnaround

b : turnabout sense 1b

3 : a space permitting the turning around of a vehicle

4 : a jump shot by a player facing away from the basket who turns toward the basket while shooting —often used attributively a turnaround jumper

turn around

verb

Definition of turn around (Entry 2 of 2)

intransitive verb

1 : to become changed for the better

2 : to act in an abrupt, different, or surprising manner —used with and after three years he just turned around and left school

transitive verb

: to change for the better turned her life around

Synonyms More Example Sentences Learn More about turnaround

Keep scrolling for more

Examples of turnaround in a Sentence

Noun

The turnaround for most orders is 24 hours. There is a 24-hour turnaround time on most orders. a quick turnaround between flights The team needs a big turnaround after their loss last week. The company has achieved a remarkable turnaround in the past year. The latest news has caused a turnaround in public opinion.

Recent Examples on the Web: Noun

This represents a stunning turnaround for the U.S. To understand the magnitude of the comeback, one need only look back to the beginning of this decade. — Joe Pappalardo, Popular Mechanics, "How American Space Launch Left Europe in the Dust," 18 Oct. 2018 Thus, a less-than-three-month turnaround of its first Block 5 rocket suggests that the modifications SpaceX made to optimize the reusability of the Falcon 9 rocket have had some success. — Eric Berger, Ars Technica, "SpaceX set to re-fly a Block 5 rocket for the first time tonight," 6 Aug. 2018 For travelers, that would mean faster turnarounds between flights and hopefully fewer delays. — Lauren Zumbach, chicagotribune.com, "From birthday wishes for passengers to tracking baggage handler injuries, airlines tap big data to try to improve operations," 12 July 2018 Yet another woman tasked with leading Uber's turnaround has resigned. — Madeline Buxton, refinery29.com, "Uber's Head Of HR Resigns Following A Discrimination Investigation," 11 July 2018 Ohai and other members of the Dash know that for a playoff berth to be in reach, a turnaround has to start on Wednesday against the Pride. — Parth Upadhyaya, Houston Chronicle, "Dash look to break season series tie with Orlando Pride," 11 July 2018 Wayne Walker, an expert in nonprofit management and corporate turnarounds, was elected vice president by a 5-4 vote. — Philly.com, "Local control is here: New Philly school board holds first-ever meeting," 9 July 2018 With their dream of a sixth World Cup triumph rapidly slipping away, Brazil needed to achieve a remarkable turnaround. — James Taylor, Pro Soccer USA, "Brazil 1-2 Belgium: Red Devils Shatter Brazil’s Dreams With Clinical Display to Set Up France Clash," 6 July 2018 Turnaround Hurdles GE has fallen far from its Jack Welch-era heyday at the turn of the century and achieving turnaround success will be tough. — Rick Clough, Bloomberg.com, "GE CEO’s Make-or-Break Overhaul Took Shape on a Ski Vacation," 27 June 2018

Recent Examples on the Web: Verb

Usually the plane can simply turn around and make a largely routine landing on one engine. — Allen St. John, Popular Mechanics, "What Went Right: Revisiting Captain "Sully" Sullenberger and the Miracle on the Hudson," 15 Jan. 2019 The balloon would then turn around to observe how the particles disperse. — Dylan Matthews, Vox, "Geoengineering is a last-ditch option to stall global warming — and it’s getting a first test," 30 Nov. 2018 App developers then turn around and use these services to help them sell their apps—just as a masonry contractor uses concrete blocks to build buildings for a client. — Timothy B. Lee, Ars Technica, "How Apple hopes to stop a customer lawsuit over its App Store monopoly," 27 Nov. 2018 Jaylen turns around and the quarterback runs right back into him. — Adam Jude, The Seattle Times, "UW’s Chris Petersen on overtime loss at Oregon, third-down defense, Sean McGrew, Colorado and more," 15 Oct. 2018 Shelton turned around not long after that, cementing the four-chair turn. — Temi Adebowale, Country Living, "SandyRedd’s Explosive Audition on ‘The Voice’ Will Go Down in the Show’s History," 3 Oct. 2018 Things turned around at our last major stop along the route: Erick, Oklahoma. — Ashlea Halpern, Condé Nast Traveler, "Long Live Route 66," 19 July 2018 For a satisfying 12-mile round-trip day hike, turn around here. — Mare Czinar, azcentral, "Flagstaff hike: Rogers Trail hike is a lovely walk in the woods," 5 July 2018 Giolito turned around to see the ball’s trajectory, then dropped his head. — Bobby Nightengale, Cincinnati.com, "Yoan Moncada's 3-run triple drops the Cincinnati Reds in 12-inning slugfest," 3 July 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'turnaround.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

Keep scrolling for more

Learn More about turnaround

Dictionary Entries near turnaround

turnabout is fair play

turn against

turn and bank indicator

turnaround

turn around

turn around and (do something)

turn away

Statistics for turnaround

Last Updated

11 Feb 2019

Look-up Popularity

Time Traveler for turnaround

The first known use of turnaround was in 1926

See more words from the same year

Keep scrolling for more

More Definitions for turnaround

turnaround

noun

Financial Definition of turnaround

What It Is

A turnaround occurs when a company takes successful steps to correct a period of deteriorating financial performance.

How It Works

To turn a business' financial results around, companies often obtain special financing for revitalization projects or hire managers with a proven track record of improving the financial results at struggling companies. Famous "turnaround" CEOs include Al "Chainsaw" Dunlap, who was hired in 1996 to turn Sunbeam around, or Jacques "The Knife" Nasser, who was tapped in 1999 to revitalize operations at Ford (NYSE: F).

Turnarounds frequently involve stabilizing the business and then cutting costs, reducing the workforce, selling superfluous assets, divesting entire divisions, retiring excess debt, and/or dramatically changing how the company markets or sells its products. In some cases, turnarounds also involve filing for bankruptcy in an effort to reduce/restructure heavy debt loads.

Why It Matters

Turnaround efforts can be risky and don't always end in success. According to a Harvard Business Review study, about 70% of all turnaround efforts fail. However, some companies -- like MCI and K-Mart -- have emerged from bankruptcy, addressed critical problems, and made gradual improvements.

By definition, companies in need of a turnaround have reported declining financial results, and many have seen their shares collapse as investors lost faith and sold their positions. As a result, companies seeking to turn around their operations often trade at a sharp discount. Such firms often capture the attention of value investors, particularly when there is a strong possibility that turnaround efforts are likely to deliver improved financial performance in the near future. In fact, the mere announcement that a company plans to engage in turnaround efforts often results in an increased stock price.

Source: Investing Answers

turnaround

noun