(2) The number of times an asset (such as cash, inventory, raw materials) is replaced or revolves during an accounting period.
Use turnover in a sentence
Our office went through a period where employee turnover was high, all my co-workers left and my workplace was full of brand new people!
The football player did not have a good grip on the ball and he fumbled it, which lead to a turnover in the other direction.
There was a high employee turnover at the company under the previous management. The new guys and gals in charge performed much better.