turnaround

noun
turn·​around | \ ˈtərn-ə-ˌrau̇nd How to pronounce turnaround (audio) \

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
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 attributivelya turnaround jumper

turn around

verb
turned around; turning around; turns around

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 andafter three years he just turned around and left school

transitive verb

: to change for the better turned her life around

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Synonyms for turnaround

Synonyms: Noun

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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.
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Recent Examples on the Web: Noun Maintaining full health is difficult during the Big Ten season, particularly when the Spartans have a short turnaround from the late Thursday night game to a noon Sunday tipoff at Purdue (CBS). Chris Solari, Detroit Free Press, "Michigan State basketball's walking wounded list grows; Xavier Tillman, Kyle Ahrens ailing," 10 Jan. 2020 Not long after his CNN appearance, Smith took to Twitter to execute a complete turnaround. Byron York, Washington Examiner, "ANALYSIS: On impeachment, senior House Democrat crosses Pelosi and quickly retreats," 9 Jan. 2020 But the forecast beat analysts' estimates, signaling a turnaround for the company in the coming year helped by higher prices for memory chips and strong sales of its smartphones. Sherisse Pham, CNN, "Samsung stock rises on signs of a turnaround," 7 Jan. 2020 Cephus' decision to enter the 2020 draft caps a noteworthy turnaround. Jeff Potrykus, Milwaukee Journal Sentinel, "UW wide receiver Quintez Cephus to skip his final season of eligibility and enter the 2020 NFL draft," 6 Jan. 2020 People take special pride in the auto industry icon, who is credited with leading a spectacular turnaround at Nissan beginning in the late 1990s and rescuing the automaker from near-bankruptcy. CBS News, "Interpol issues wanted notice to Lebanon for ex-Nissan chairman Carlos Ghosn," 2 Jan. 2020 In recent years, however, a stunning ecological turnaround has taken place on Redonda at a rate faster than even its most optimistic supporters could have imagined. National Geographic, "Ravenous wild goats ruled this island for over a century. Now, it's being reborn.," 2 Jan. 2020 U of L added an emphatic exclamation point to its improbable turnaround story Monday evening by rallying from a 14-0 deficit to score a 38-28 victory over Mississippi State in the Music City Bowl. Tim Sullivan, The Courier-Journal, "After amazing turnaround, Louisville football shows coaching moves were money well spent," 31 Dec. 2019 People take special pride in the auto industry executive, who is credited with leading a spectacular turnaround at Nissan beginning in the late 1990s and rescuing the automaker from near-bankruptcy. NBC News, "Turkish jet firm says employee falsified Ghosn records," 31 Dec. 2019 Recent Examples on the Web: Verb San Jose is optimistic things are starting to turn around. Will Graves, SFChronicle.com, "Brent Burns’ overtime goal gives Sharks 3-2 victory over Penguins," 2 Jan. 2020 Here’s a safe bet Derek Carr‘s willing to make: The Oakland Raiders are about to turn around their fortunes. Pat Graham, The Denver Post, "Derek Carr sees promise ahead as Raiders miss playoffs yet again after loss to Broncos," 29 Dec. 2019 When that lot near the resort store is full, people will be asked to turn around and park along the road, or return to the mouth of the canyon and take public transit. USA TODAY, "Rare black rhino born, dengue fever, ‘Santa Lady,’ disputed Lincoln hat: News from around our 50 states," 26 Dec. 2019 If things couldn’t get turned around, the Ishpeming VFW would join a growing list of dead posts — in the past 10 years, 70 of the state’s 335 VFW posts have closed. John Carlisle, Freep.com, "Polka, bingo and fish fries are slowly saving VFW post in Michigan's U.P.," 29 Nov. 2019 If you do get turned around, shoot bearings once again. James Lynch, Popular Mechanics, "How To Use a Map and Compass," 19 July 2019 When confronted with such new landmarks, the ants peeked after walking only 3.2 meters along the 8-meter path, whereas ants on familiar paths could go nearly 6 meters without turning around. Eva Frederick, Science | AAAS, "How ants walking backward find their way home," 27 Dec. 2019 The agency typically takes on this role temporarily to turn around longstanding and severe management problems. Beth Nakamura, The Oregonian - OregonLive.com, "The government urges private homeowners to test for cancer-causing radon gas. For low-income tenants of public housing, the government ignores its own advice.," 22 Nov. 2019 After turning around and catching up to the Acura, the deputy saw the car swerve toward the center line or over the fog line on the right side of the road multiple times before the deputy pulled the vehicle over, according to charging documents. Jon Kelvey, baltimoresun.com/maryland/carroll, "Westminster man charged with assaulting police officer after traffic stop," 23 Oct. 2019

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.

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First Known Use of turnaround

Noun

1926, in the meaning defined at sense 1b

Verb

1934, in the meaning defined at intransitive sense 2

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Time Traveler for turnaround

Time Traveler

The first known use of turnaround was in 1926

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Statistics for turnaround

Last Updated

14 Jan 2020

Cite this Entry

“Turnaround.” The Merriam-Webster.com Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/dictionary/turnaround. Accessed 21 January 2020.

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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
How to pronounce turn around (audio)

English Language Learners Definition of turnaround

: the time it takes someone to receive, deal with, and return something
: the process of making something (such as an airplane) ready for use again after it has arrived at a place
: a complete change from a bad situation to a good situation, from one way of thinking to an opposite way of thinking, etc.

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