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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

turnover

see SALES REVENUE, LABOUR TURNOVER.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
Therefore, the objective of this study is to investigate actual turnover of public accounting employees, using firm related factors of position and service line and demographic factors of ethnicity and gender.
Prior research has examined turnover and turnover intentions of public accounting employees using demographic determinants such as marital status (Barkman, Sheridan, and Peters, 1992), personality determinants such as personality differences between partners and other professional staff (DeCoster and Rhode, 1971), firm specific determinants such as team effectiveness, job pressure, and advancement (White and Hellriegel, 1973), and external determinants such as financial inducements by joining industry (White and Hellriegel, 1973; Half, 1982).
Similarly, the 2003 Ducks had the most turnovers of the Bellotti era with 27, but 13 of those were in three league losses to Washington State, Arizona State and Washington, games in which the Ducks were minus-nine in turnover margin.
The bigger question is what the overall turnover numbers mean for Oregon's season.
This is followed by the sample selection process and the data, including descriptive statistics for the firms and directors in the turnover and matched samples.
We extend this literature by analyzing changes in committee assignments around forced CEO turnover relative to a matched sample of firms that do not force CEO turnover.
And even if increased marketing efforts do enable a property to offset higher turnover, it will still be difficult to move in these new rentals in time to avoid further economic loss.
Because turnover is so expensive to the property, resident retention should become the manager's principal focus.
An alternate view is that performance and related situational factors have, in fact, little influence on top management turnover. Vancil (1987) found that 60 percent of CEOs take normal retirement at the appointed time, and that 80-90 percent retire or leave under usual, expected conditions.
Our study examined the turnover of top executive officers in 80 randomly selected Fortune 500 firms over a 40-year period, 1945-1984.
That is, it is a normative belief held by employees that turnover behavior is quite appropriate.
Iverson & Deery (1997) report a study which examined the influence of turnover culture on an employee's decision to stay or leave.