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- The value of turnover of a company1234is the total value of all goods or services sold during a given period. It includes both cash and credit sales, as well as returns or refunds. Turnover is often referred to as revenue or sales turnover. It is an important metric for assessing a company's financial performance and efficiency1234.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.In simple terms, business turnover represents the total value of all goods or services sold by a company during a given period. It includes both cash and credit sales, as well as returns or refunds. Turnover is often referred to as revenue or sales turnover.cvpen.com/business-turnover/Business turnover is the value of sales a company makes in a set period. Companies use turnover to also understand how quickly they collect on their accounts receivable. Turnover can reflect how often a company cycles through its inventory. In investing, turnover defines how fast a firm sells a portfolio during a month or year.www.indeed.com/career-advice/career-developme…Turnover is a measure of total income from sales, whereas profit is total income minus expenses. For example, if a business makes $100,000 in sales over a year, its annual turnover is $100,000. However, if the cost of materials, labour and all other business expenses is $60,000, then the business's profit is $100,000 - $60,000 = $40,000.quickbooks.intuit.com/au/blog/running-a-business/…Turnover is the total value of the sale of services or goods during a financial year. In accounting and finance, turnover refers to the number of times a company's asset revolves during an accounting period, which can help a company's owner understand how efficiently they manage their resources.www.indeed.com/career-advice/career-developme…
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