Definitions (3)
Related Terms
1. Accounting: (1) The annual sales volume net of all discounts and sales taxes.
(2) The number of times an asset (such as cash, inventory, raw materials) is replaced or revolves during an accounting period.
2. Human resource management: The number of employees hired to replace those who left or were fired during a 12 month period.
3. Finance: The volume or value of shares traded on a stock exchange during a day, month, or year.

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!
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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.
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There was a high employee turnover at the company under the previous management. The new guys and gals in charge performed much better.
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