Define: Turnover

UK 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.

Full Definition of Turnover




Turnover FAQ's



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
https://payrollheaven.com/define/turnover/
Modern Language Association (MLA):
Turnover. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 22, 2019 https://payrollheaven.com/define/turnover/.
Chicago Manual of Style (CMS):
Turnover. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/turnover/ (accessed: July 22, 2019).
American Psychological Association (APA):
Turnover. PayrollHeaven.com. Retrieved July 22, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/turnover/

Definition Sources


Definitions for Turnover are sourced/syndicated from:

  • Oxford Dictionary Of Economics
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd December 2018.