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Business English vocabulary · Numbers and Money

Turnover

Meaning in business english, with examples

/ˈtɜːrnoʊvər/nounCommon term

In business english, turnover means: In British English, the total value of the sales a company makes in a period; also the rate at which employees leave and are replaced.

In Turkish: ciro, personel devir hızı, işgücü devri

How it is used

Context decides the meaning: 'an annual turnover of £5 million' (sales) versus 'high staff turnover' (people leaving). Americans normally say 'revenue' or 'sales' for the money meaning and use 'turnover' mainly for staff.

Example sentences

  1. The company has an annual turnover of around 20 million pounds.

  2. Staff turnover in the call centre fell after we introduced flexible shifts.

Common collocations

  • annual turnover
  • staff turnover
  • high turnover
  • turnover of £1 million
  • revenueThe total amount of money a company receives from selling its goods or services in a period, before any costs are taken away.
  • profitThe money a business has left after it pays all its costs; if the costs are higher than the income, the result is a loss.
  • HRShort for human resources: the department that deals with hiring, contracts, pay, training, leave and employee relations.
  • figuresNumbers that show amounts, results or statistics, especially official numbers about sales, costs or performance.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Numbers and Money

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