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

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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

If all goes to plan, the turnaround at the authentication center takes less than a day. — Jacob Gallagher, WSJ, "This Website Is the Stock Market for Nikes and Rolexes," 26 Nov. 2018 Alex Grinch, who was credited for the turnaround, left the program in the offseason to join Urban Meyer’s staff at Ohio State. — Matt Murschel, OrlandoSentinel.com, "Despite hurdles, Washington State is No. 48 in 2018 preseason college football rankings," 10 July 2018 Schuster was stunned by the request — and a little bit alarmed by the quick turnaround. — James B. Nelson, Milwaukee Journal Sentinel, "Fire hydrants custom painted by city worker coming to Milwaukee Bucks arena district," 25 June 2018 The Brown-out Larry Brown coached the Spurs to 56 wins in Robinson’s rookie season, setting a then-NBA record for the biggest turnaround from one season to the next. — Tom Orsborn, San Antonio Express-News, "Leonard soap opera not unheard of; Spurs’ 45 seasons include plenty of drama," 15 June 2018 Cecchinato hung on to start the turnaround, although Djokovic will be miffed for not serving the set out at 5-3,30-0. — Ravi Ubha, CNN, "Ailing Novak Djokovic upset by inspired Marco Cecchinato at French Open," 5 June 2018 The result was a dramatic turnaround for Disney’s Star Wars plans. — Andrew Liptak, The Verge, "Lucasfilm canceling its Boba Fett film could be good news for Star Wars’ future," 26 Oct. 2018 According to the Navy, interested parties can still email the Naval Safety Center ask for the data, and the turnaround time is now less than 48 hours. — Kyle Mizokami, Popular Mechanics, "The U.S. Navy Is Hiding Aviation Accident Data," 9 Oct. 2018 Shares of retailers have been among the best performers in the S&P 500 this year, an unexpected turnaround fueled by strong earnings, buoyant consumer confidence and a nationwide shopping spree. — WSJ, "Wages Are Rising. Will Inflation Follow?," 9 Sep. 2018

Recent Examples on the Web: Verb

Chang Ming Chuang, 66, was at the mouth of the lake near the Sopa Hotel taking photos of the animal when the hippo turned around suddenly, charged him, and bit him in his chest, a witness told Kenya's The Star newspaper. — Erin Florio, Condé Nast Traveler, "Tourist Killed by Hippo Near Kenya's Lake Naivasha," 13 Aug. 2018 Another video shows the woman speaking with one man and holding a small dumbbell in one hand before turning around and hurling it at the wall. — Scott Berson, miamiherald, "She asked to use the gym but wasn't a member. Then the destruction began, video shows," 11 June 2018 The singer celebrated by lifting his arm up in the air, before turning around and giving a high-five to the 18-time major winner. — Nina Mandell, For The Win, "Here's how Kid Rock got into golf, according to John Daly," 23 Apr. 2018 L Brands’s longtime Chairman and Chief Executive Les Wexner has been trying to turn around the company’s results. — Khadeeja Safdar, WSJ, "Victoria’s Secret Chief Is Out Amid Declining Sales," 14 Nov. 2018 But eventually, bitcoin's price started to turn around and growth resumed. — Timothy B. Lee, Ars Technica, "Bitcoin and ether are both down more than two-thirds from their peaks," 13 Aug. 2018 Things begin to turn around when Sadie (played by Kayli Carter), a college drop out, reenters their life. — Michaela Bechler, Vogue, "5 New Netflix Movies We’re Excited About This Fall," 10 Aug. 2018 Traffic gridlock and smoke and flames on both sides of the highway prompted some travelers to try to turn around and drive away from the fire along the shoulder, according to a video shared on Twitter. — Julia Sclafani, sacbee, "Fire that shut down I-580 at Altamont Pass now contained," 9 July 2018 Idaho Power may pay $50-60 per megawatt-hour for solar, but then have to turn around and sell it for $15 per megawatt hour, Richins said. — Heather Kennison, idahostatesman, "What's it like to rely on renewable energy? Look at life in Idaho.," 26 June 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

turn against

turn and bank indicator

turn around

turnaround

turn around and (do something)

turn away

turn back

Statistics for turnaround

Last Updated

2 Dec 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