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 There’s optimism that a quick turnaround could begin Saturday afternoon at Guerin. Rich Mayor, chicagotribune.com, "Football notebook: Corties Draper brings championship mindset to Elmwood Park," 16 Sep. 2019 But Fishtown, thanks in part to the miracle of real-estate markets, experienced a dramatic turnaround in the early part of this century. Kevin D. Williamson, National Review, "Harm-Reduction Beats Drug War as a Response to Addiction," 6 Sep. 2019 By the time Allen reached IU, Kane Wommack was at South Alabama, executing a similar turnaround to the one that elevated Allen so much in Fred Glass’ eyes that Glass handed him Indiana’s head job without a coaching search in 2016. Zach Osterman, Indianapolis Star, "Why Kane Wommack is the man Tom Allen handpicked to run IU's defense," 6 Sep. 2019 Mississippi State’s defense allowed seven fewer points a game, while the Bulldogs finished 9-4 — a four-win turnaround from the previous season. Edgar Thompson, orlandosentinel.com, "Dan Mullen, Manny Diaz set aside friendship ahead of Gators, 'Canes season opener," 20 Aug. 2019 The announcement marks a dramatic turnaround in Cephus' battle to be reinstated. Jeff Potrykus, Milwaukee Journal Sentinel, "UW reinstates former wide receiver Quintez Cephus as a student," 19 Aug. 2019 Trump has been interested in federal background checks before — and tweeted Monday about them — only to drop the issue later, a turnaround similar to his reversal on gun proposals after the 2018 high school shooting at Parkland, Florida. Lisa Mascaro, Anchorage Daily News, "McConnell wants Senate to consider gun background checks but not till autumn," 9 Aug. 2019 After Thursday’s results, Patricio’s turnaround task looks as hard as ever, and there is no time to waste. Washington Post, "Kraft Heinz Hadn’t Hit Bottom After All," 18 Sep. 2019 Their presence catalyzed Chagrin Falls' turnaround from two tough losses at Streetsboro and Kenston, which are both 3-0. Matt Goul, cleveland.com, "Riverside meets Lima halfway in classy move: HS football quick hits," 16 Sep. 2019 Recent Examples on the Web: Verb But despite all of the challenges, education might be turning around in Detroit. NBC News, "Detroit may be going through a revival, but how does this impact education?," 6 Sep. 2019 Porras urged anyone who may come into contact with a mountain lion to never turn around and run. Christopher Brito, CBS News, "Colorado man uses pocketknife to fight off mountain lion," 19 Aug. 2019 There are hundreds of thousands and millions of seconds to turn around. Hector Saldana, ExpressNews.com, "George Lopez saddened by Texas, Ohio attacks prior to Majestic Theatre shows in San Antonio," 6 Aug. 2019 Scott Satterfield is entering his first season and has been given the task to turn around the program. Cameron Teague Robinson, The Courier-Journal, "ACC released its preseason poll. See where Louisville football is expected to finish," 22 July 2019 But using those assets to turn around and chase another mid-level star or try to cling to the eighth seed in the Western Conference seems like a waste of time. Dan Wolken, USA TODAY, "Opinion: It's time for Thunder to cut ties with Russell Westbrook, start rebuilding," 6 July 2019 Thatcher would make hard neoliberal demands, the E.U. would concede to her, implement the policies, and then turn around and blame Britain for them. Ashley Smith, Harper's magazine, "Left of Europe," 16 Sep. 2019 Perryville Police Department officers pursued the vehicle, which eventually stopped, turned around and drove toward the officers, who were then on foot, according to state police. S. Wayne Carter Jr., baltimoresun.com, "Man who allegedly drove stolen vehicle at Perryville police officer arrested in Virginia," 7 Sep. 2019 The officer yells for Oyeneyin to get on his knees, turn around and put his hands behind his back. Jordan Culver, USA TODAY, "'I'm just humiliated': Black homeowner in his underwear handcuffed by North Carolina police after false alarm," 27 Aug. 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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Statistics for turnaround

Last Updated

4 Nov 2019

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
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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