Turnover

    Turnover is a financial ratio used to identify the efficiency of a business. It is commonly used in the retail and service industries but can also be applied to all companies. Turnover, or revenue, is calculated by taking all income generated within a set period and dividing by the average amount of stock in trade. The purpose of turnover measurement is to show how effectively your business has converted the income from sales into cash before other expenses (overheads) are deducted.

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