Business, Legal & Accounting Glossary

Definition: Turnover

Quick Summary of Turnover

The sales of a business or other form of revenue from operations of the business.

What is the dictionary definition of Turnover?

Dictionary Definition

  1. The total sales figure of an organisation for a stated period.
  2. The rate at which some asset is sold and replaced by one of the same class.
  3. The total value of the transactions on a market or stock exchange within a specified period.


  1. The act or result of overturning something; an upset.
  2. The amount of money taken as sales transacted in a calendar year.
  3. The number of times that stock is replaced after being used or sold, a worker is replaced after leaving, or property changes hands.

Full Definition of Turnover

For mutual funds, a measure of trading activity during the previous year, expressed as a percentage of the average total assets of the fund. A turnover rate of 25% means that the value of trades represented one-fourth of the assets of the fund. For finance, the number of times a given asset, such as inventory, is during the accounting period, usually a year. For corporate finance, the ratio of annual sales to net worth, representing the extent to which a company can grow without outside capital. For markets, the volume of shares traded as a percent of total shares listed during a specified period, usually a day or a year. For Great Britain, total revenue. Percentage of the total number of shares outstanding of an issue that trades during any given period.

Synonyms For Turnover

rotation, volume of business, turning, sales, remodelling

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Turnover. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. August 06, 2021 https://payrollheaven.com/define/turnover/.
Chicago Manual of Style (CMS):
Turnover. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/turnover/ (accessed: August 06, 2021).
American Psychological Association (APA):
Turnover. PayrollHeaven.com. Retrieved August 06, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/turnover/

Definition Sources

Definitions for Turnover are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 11th February, 2020 | 10 Views.