turnover

Definition

For a company, the ratio of annual sales to inventory; or equivalently, the fraction of a year that an average item remains in inventory. Low turnover is a sign of inefficiency, since inventory usually has a rate of return of zero. here also called inventory turnover. For a mutual fund, the number of times per year that an average dollar of assets is reinvested.

Use turnover in a sentence

You may find that you have a high turnover rate with your staff and may need to start to offer more perks.

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In an attempt to prevent overstock, our manager has encouraged a new up-sale tactic in order to turnover perishable coffee beans.

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They committed another turnover in the fourth quarter, which lead to another touchdown from the visiting team who ended up winning.

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per cent accounts payable turnover