Definition of turnover
1a (1) : the amount received in sales for a stated period (2) : the ratio of sales for a stated period to average inventory (3) : a cycle of purchase, sale, and replacement of a stock of goodsb : the number of persons hired within a period to replace those leaving or dropped from a workforce; also : the ratio of this number to the number in the average force maintainedc : movement (as of goods or people) into, through, and out of a place
2 : the amount of business done; especially : the volume of shares traded on a stock exchange
3 : the act or an instance of a team's losing possession of a ball through error or a minor violation of the rules (as in basketball or football)
4 : a filled pastry made by folding half of the crust over the other half
6 : a turning from one side, place, or direction to its opposite : shift, reversal
7 : a reorganization with a view to a shift in personnel : shake-up
8 : something that is turned over
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Examples of turnover in a Sentence
The company had an increase in turnover this quarter.
The company has a high turnover rate.
We want to find ways to speed up inventory turnover.
14th Century
First Known Use of turnover
14th century
Other Business Terms
Circa 1849
First Known Use of turnover
circa 1849
TURNOVER Defined for English Language Learners
turnover
playDefinition of turnover for English Language Learners
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: the amount of money that is received in sales by a store or company
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: the rate at which people leave a place, company, etc., and are replaced by others
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: the rate at which the goods in a store are sold and replaced by other goods
TURNOVER Defined for Kids
turnover
playDefinition of turnover for Students
: a filled pastry with one half of the crust turned over the other
Medical Dictionary
turnover
playMedical Definition of turnover
: the continuous process of loss and replacement of a constituent (as a neurotransmitter, cell, or tissue) of a living system protein turnover in various pathological states—J. C. Waterlow hyperthyroidism accelerates bone turnover and shortens the normal bone remodeling cycle—Richard Sadovsky
Learn More about turnover
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See words that rhyme with turnover Spanish Central: Translation of turnover Nglish: Translation of turnover for Spanish speakers Britannica English: Translation of turnover for Arabic speakers Britannica.com: Encyclopedia article about turnover
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