What Is a Turnover? Definitions in Accounting HR Inventory Turnover Inventory turnover measures the number of times a company sells and replaces its stock of goods during a specified period It is widely used in retail and manufacturing to assess inventory management performance The formula requires dividing the Cost of Goods Sold by the Average Inventory for the period
Business Turnover: What It Is, How to Calculate, Types . . . - SuperMoney Turnover is a term used extensively in business to describe how quickly a company is able to replace or rotate assets within a certain period It is a multifaceted concept, encompassing everything from sales revenue to how efficiently a company collects receivables or manages its inventory
What is turnover? - AccountingCoach In accounting, the term turnover can have more than one meaning In some countries turnover is used in place of sales Turnover also pertains to certain financial ratios that relate a balance sheet (average) amount to an income statement amount