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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As mega-container ships replace smaller vessels, port productivity, turnaround times and throughput time for containers are important metrics for carriers and trade customers in order to realise significant cost savings, a report said.
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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.
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"Our fast turnaround time can help our clients keep up with the ever-changing market," remarks Provenzano.