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

For context: The movie only started shooting in March, so this is a fast turnaround. — Christopher Rosa, Glamour, "Everything We Know About Jennifer Lopez and Lili Reinhart’s New Movie Hustlers," 16 Apr. 2019 The advance is a marked turnaround from the final months of 2018, when tumbling technology shares wiped out trillions... — Akane Otani, WSJ, "How Big Tech Has Powered Global Stocks," 10 Mar. 2019 Those pads would support Boeing's Phantom Express, the quick-turnaround launcher for the Defense Advanced Research Projects Agency. — Eric Berger, Ars Technica, "Rocket Report: Firefly resurrected, World View accident, Bezos to talk space," 10 Aug. 2018 The turnaround around effort at Hyundai Merchant Marine Co. may be hitting choppy waters. — Jennifer Smith, WSJ, "Today’s Logistics Report: Freight’s Bigger Value; Choppy Container Waters; Tracking Food Supplies," 22 Feb. 2019 MacPhail got a surprisingly large return for pitcher Eric Bedard that helped lay the foundation for the club’s 2012 turnaround and Duquette made several late deals and signings that led to three playoff appearances. — Peter Schmuck, baltimoresun.com, "Schmuck: Orioles might be testing the law of diminishing returns with Machado," 3 July 2018 According to DefenseNews, Secretary of the Navy Richard Spencer cited increased maintenance budgets over the past two years as a major part of the turnaround, allowing the service to fund repairs and spare parts. — Kyle Mizokami, Popular Mechanics, "The Navy's Fighter Shortage Is Finally, Slowly Improving," 20 Aug. 2018 Part of that plan involved financing the newspaper’s turnaround by boosting performance with the help of the company’s pension plan. — Peg Brickley, WSJ, "Soured Pension Investments Spark Lawsuit Against Ex-Newspaper Owners," 20 Feb. 2019 But a seven-game losing streak and freefall into last place in the Western Conference showed Murray that a turnaround wasn’t coming soon. — Joe Reedy, The Seattle Times, "Ducks fire coach Randy Carlyle amid 7-game losing streak," 11 Feb. 2019

Recent Examples on the Web: Verb

In this case, Gigi’s belly button was just hidden underneath a tight camisole in the exact shade of her skin, which became obvious after the model turned around, revealing creases in the fabric. — De Elizabeth, Teen Vogue, "Photo of Gigi Hadid's "Missing" Belly Button Is a Total Optical Illusion," 13 Jan. 2019 As traffic crawled or stopped, some truckers were forced to abandon their rigs, unable to turn around. — William Lajeunesse, Fox News, "California Delta fire shuts down busy freeway after it triples in size," 7 Sep. 2018 Scioscia is well aware of it, but believes things are starting to turn around. — Ethan Bauer, latimes.com, "Angels are optimistic the offense is starting to come around," 10 July 2018 Kraft is looking to turn around a season that has included missed cuts in seven of his 10 previous tournaments, including last week at the Quicken Loans National. — BostonGlobe.com, "Phil Mickelson and Tiger Woods contemplate a $10 million showdown," 7 July 2018 The reward is to turn around lives, said Gabriel McGaughey, who manages child well-being programs at Children's Hospital of Wisconsin and oversees the division that employs Christian. — John Schmid, Milwaukee Journal Sentinel, "Help wanted: Trauma-focused social workers to stop downward spiral in Milwaukee," 4 June 2018 Cowan also talks with small business owners (like Duluth, Minn., craft brewers Laura Mullen and Bryon Tonnis) and Greenville, S.C., Mayor Knox White on what helped turn around their communities. — James Fallows, CBS News, "This week on "Sunday Morning" (May 6)," 3 May 2018 Why is the camera not turned around on the industry? — Olivia Fleming, Harper's BAZAAR, "What Precious Lee and Candice Huffine Really Think of Fashion’s Diversity Problem," 29 Oct. 2018 The man reportedly heard something creeping up behind him while on a run, and then turned around to find the animal lunging at him. — Sam Blum, Popular Mechanics, "A Runner Strangled a Mountain Lion After It Attacked Him," 5 Feb. 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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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

22 Apr 2019

Look-up Popularity

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