What is turnover?

you can do it

yes you will do it

that is real

The annual sales volume net of all discounts and sales taxes

The number of times an asset is replaced or revolves during an accounting period.

Human resource management: The number of employees hired to replace those who left or were fired during a 12 month period.

Our office went through a period where employee turnover was high

all my co-workers left and my workplace was full of brand new people

The football player did not have a good grip on the ball and he fumbled it

There was a high employee turnover at the company under the previous management

The new guys and gals in charge performed much better.

Cash flow is not the same as profits

Profits are simply sales minus expenses at various reporting periods.

Once you have positive cash flow

calculate your monthly income and deduct your regular expenses.

If you deduct the expenses from your cash flow and the number is positive

then your budget has been balanced.

Turnover is an accounting term that calculates how quickly a business collects cash from accounts receivable or how fast the company sells its inventory.

In the investment industry, turnover is defined as the percentage of a portfolio that is sold in a particular month or year.

BREAKING DOWN Turnover