turnover

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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 replaced 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.

Turnover

1. In accounting, the number of times or the speed at which a company replaces an asset in a given period of time. This usually refers to the amount of time it takes for the company to collect its accounts receivable or the number of times it has to procure new inventory to replace that which it has already sold. Companies desire a fast or high turnover, as this indicates financial health.

2. The number of shares traded in a portfolio over a given period of time, expressed as a percentage of the number of shares in the portfolio. A low turnover means that the portfolio is not being very actively managed; it also means that one's broker is making less in commissions, as he/she is paid per trade. See also: Churning.

turnover

1. The trading volume of the market or of a particular security.
2. The number of times that an asset is replaced during a given period. For example, an inventory turnover of five indicates that the firm's inventory has been turned into sales and has been replaced five times.

turnover

see SALES REVENUE, LABOUR TURNOVER.
References in periodicals archive ?
The YMCA made some changes at half-time, but unfortunately it was not enough to keep the Morley attack at bay, as they again forced turn-overs and errors to regain possession to score two more tries.
Williams is given his latest chance because Wales need a forward to compete with Back for the loose ball with England having the pace to turn turn-overs into tries.
Last season we scored three touchdowns on defense and set up four more with turn-overs inside our opponents' 20-yard-line.
Al Rayyan utilised the turn-overs and tied the scores at 82 with Abdulla's three-point play the second time in the match.
Looking back at the video, they scored five tries and four of them came from our mistakes either defensively or through turn-overs.
We're also working to eliminate turn-overs in dangerous areas but we've got an enthusiastic squad.
If not outright steals, then a little extra defensive pressure that may produce more offensive possessions by causing turn-overs.
Scoring from the paint and turn-overs was the chief reason for Al Sadd's victory and at one stage, the winners enjoyed a healthy 21-point lead too.
Three of their tries came from our turn-overs when we lost the ball at crucial times and that was the difference.
We looked to play the rugby while Cardiff fed off our mistakes - the fact that four of their five tries came from turn-overs told its own story.
Those turn-overs ensured Wales lacked continuity and were unable to pull the forward-orientated Argentine team round the field.
A splendid first-half effort was horribly undermined by handling errors, turn-overs, aimless up-and-unders, wayward lineout throws and four missed kicks at goal by Jonny Wilkinson.