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.