Turnaround time

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Turnaround time

Time available or needed to effect a turnaround.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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* Ability to set Guaranteed Turnaround times and workflow cycles for interactions with external counsel
The longest average turnaround time last year was at Scotland's superhospital, the Queen Elizabeth University Hospital in Glasgow, where it took 36.14 minutes.
Taking these needs seriously, owners Chandra Clarke and Terence Johnson have responded with the creation of the four-hour turnaround time to better assist those in need of last-minute revisions.
"Ambulance turnaround times are only one element of managing the pressures on our EDs.
Considerable productivity progress has also been made on the landside as truck turnaround time currently stands at 12 minutes which makes Khalifa Port Container Terminal the most efficient in the region.
This Q-Probes study provides useful benchmarking data for the overall rate of stat testing, the percentage of tests offered on a stat basis, various levels of turnaround time priority, and expectations for turnaround times.
The best-performing hospital in the region was Llandough Hospital, which recorded an average turnaround time of 30 minutes.
Mr Neelsen said several steps have also been taken to ensure the average turnaround time for trucks is reduced by a maximum of 30 minutes.
The turnaround time includes handing over patients to hospital staff, and cleaning and restocking ambulances where necessary.
"Many times a new-to-HUD borrower will lead to longer turnaround times from pre-app to commitment," said Jennifer Quigley of Wells Fargo Multifamily Capital, who oversaw the transaction.
He says the company produces turnaround times of 24 to 48 hours on all quotes submitted, and it offers lead times of as short as two or three weeks.
Last year, the business spent pounds 850,000 on new equipment to enable it to produce glass and offer quick turnaround times for complex and bespoke orders.