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

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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.

Recent Examples on the Web: Noun

More: Jim Riggleman shows his own style of managing in interim role with Cincinnati Reds But Riggleman is reluctant to to take any credit for the turnaround. — John Fay, Cincinnati.com, "Cincinnati Reds manager Jim Riggleman is reluctant to take credit for the team's turnaround," 13 July 2018 Here was a glimpse of the guy who had achieved the turnaround in Toronto. — William Finnegan, The New Yorker, "Can Andy Byford Save the Subways?," 2 July 2018 Pine Crest in Seminole is in that process but in March the school district was granted another year to manage the school’s turnaround on its own. — Leslie Postal, OrlandoSentinel.com, "Florida school grades: 5 takeaways from 2018 report card," 29 June 2018 And, as Wired points out, Musk would like to reuse even more of the rocket and speed up the turnaround. — Sarah Gray, Fortune, "Here's How to Watch the Last Launch of SpaceX's Block 4 Falcon 9," 29 June 2018 This 10-week turnaround was remarkably fast for a Block 4 booster, but SpaceX says its Block 5 should be able to fly much more rapidly. — Eric Berger, Ars Technica, "SpaceX has flown its last Block 4 version of the Falcon 9 rocket [Updated]," 28 June 2018 The turnaround for such test results in immigration cases is about a week, Ryan says, at a cost of about $550 per test. — Karen Weintraub, Scientific American, "Genetic Testing to Reunite Immigrant Families Raises Issues of Privacy and Consent," 26 June 2018 Kimberly Slinkosky has helped spark the turnaround of the Cooper City flag football program. — Alex Kushel, Sun-Sentinel.com, "Broward flag football player of the year: Kimberly Slinkosky, Cooper City sophomore," 20 June 2018 If his rookie season is any indication, Smith could be a cornerstone piece of the Mavs' turnaround. — Stefan Stevenson, star-telegram, "Mavericks' top picks often fizzled, but these five sizzled," 19 June 2018

Recent Examples on the Web: Verb

Hopper said anyone outdoors during heavy rain should be aware of their surroundings and turn around when faced with a flooded roadway. — Kelsey Mo, azcentral, "Flash-flood watch in effect for Phoenix area until 2 a.m. Thursday," 11 July 2018 In it, a black woman can be seen slowly exiting a vehicle with her hands up and turning around. — Breanna Edwards, The Root, "Video Shows at Least 5 Cops Aiming Guns at Black Woman With Her Hands Up; LAPD Says She Is a Kidnapping Suspect," 3 July 2018 Polk took two steps, turned around, and pulled a gun out of his waistband, police said. — Gal Tziperman Lotan, OrlandoSentinel.com, "State rests case in trial of man accused of killing towing business owner," 21 June 2018 The bill would require housing in which cows could easily stand up, turn around and lie down, with proper ventilation to reduce concentrations of ammonia and dust. — David Fleshler, Sun-Sentinel.com, "Brutal cow abuse videos result in reforms, possible legislation," 15 June 2018 The show is like The Voice, but instead of the judges being turned around, the performer wears a costume and reveals themselves after they're done singing. — Alex Warner, Marie Claire, "Ryan Reynolds Dressed Up as a Unicorn and Singing 'Annie' Is the Best Thing You'll See All Day," 14 May 2018 Because there were only about 30 minutes left in the two-hour launch window to send the Bangabandhu Satellite-1 to geostationary transfer orbit, the company ultimately had to scrub and turn around to try for a second launch attempt Friday. — Eric Berger, Ars Technica, "Watch live: The Block 5 version of SpaceX’s Falcon 9 rocket tries to fly," 11 May 2018 Frequently the adult bird would stuff an inset into the gaping mouth of the chick and the little bird would then turn around and produce a soft sack of waste that the parent would remove from the nest. — Ernie Cowan, sandiegouniontribune.com, "Visit the High Sierra with a trip to Palomar Mountain," 11 May 2018 Once Cartwright finally decided to try and turn around, police said the 18-wheeler began sliding toward a steep embankment and got stuck on the snowy and muddy road. — Nicole Chavez, CNN, "Trucker gets lost in the woods with truck full of chips, doesn't eat any," 29 Apr. 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.

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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

21 Oct 2018

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Time Traveler for turnaround

The first known use of turnaround was in 1926

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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