what actually mean turnover in business.

Question

what actually mean turnover in business.

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Answer 1

Turnover is a measure of a business’s income or earnings in a specific time period (month, quarter, year, etc.). It is the total money earned by sales of goods and services but without deducting things like expenses or taxes (which is how you determine profit). Turnover is used in securing investors, valuing a company, or comparing earnings (say comparing Q1 2021 vs Q1 2022).

Another use of the term in business is employee turnover which is a measure of how many employees quit or leave the company over a certain time period.