Turnaround time

(redirected from Turn Around Time)
Also found in: Dictionary, Thesaurus, Medical, Acronyms, Encyclopedia.

Turnaround time

Time available or needed to effect a turnaround.

Turnaround Time

1. The time it takes for share prices that had been declining to begin to improve. For example, if a publicly-traded company has been in a prolonged bear market, but its share price eventually stabilizes and begins to move back up, the turnaround time describes the entire duration of this process.

2. The time it takes for an unprofitable company to begin to become profitable. For example, if a company has been posting losses, but it restructures and becomes profitable, the turnaround time describes the entire duration of this process.

3. In supply chain management, the amount of time between a supplier receiving an order and its delivery to the distributor or customer. This is important for both custom-made products and mass production, and suppliers are expected to know the lead times for their different products. It is particularly important for just-in-time supply chains, in which each step in the supply chain is expected to know precise turnaround time. It is also known as lead time.
Mentioned in ?
References in periodicals archive ?
The G-Folder eliminates long turn around times and extensive folding and die cutting.
So now through long talks, & meeting with iridium on such issues, iridium has decided that NorthernAxcess is a suitable counterpart as one of their Authorized Repair Centers to assist with repair turn around times, and the studying of trends.
The hire/interim solution provided by WELLMAN ROBEY has seen significant growth within this market sector; with customer research confirming that Wellman's turn around times, ethical pricing and post installation reliability being the key factors underpinning the growth.
John Byers, chief executive of ADAT, said: "Through this agreement, we will provide Silver Air with the right MRO support and fast aircraft turn around times to help the company realise its ambitious growth programme.