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 ?
Because turn-overs are what cost Scotland dear in the tour matches they lost against Gauteng Falcons and Mpumalanga.
This led to numerous turn-overs and a team with Morley's quality was able to punish this at every opportunity.
"There are a lot of things we could look at and do differently but we seemed to panic and there were a lot of turn-overs. We just weren't good enough in the contact area.
'There is so much for Mike to dissect when he looks back on the game; so many errors, so many turn-overs and a distinct lack of passion.
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.
For Al Rayyan Club, who had 19 turn-overs and conceded 20 points off them, guard Sherwood Brown led with 19 points.
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.
Al Rayyan utilised the turn-overs and tied the scores at 82 with Abdulla's three-point play the second time in the match.
``Three of their tries came from our turn-overs when we lost the ball at crucial times and that was the difference.