[turn-oh-ver] 
| 1. | an act or result of turning over; upset. |
| 2. | change or movement of people, as tenants or customers, in, out, or through a place: The restaurant did a lively business and had a rapid turnover. |
| 3. | the aggregate of worker replacements in a given period in a given business or industry. |
| 4. | the ratio of the labor turnover to the average number of employees in a given period. |
| 5. | the total amount of business done in a given time. |
| 6. | the rate at which items are sold, esp. with reference to the depletion of stock and replacement of inventory: Things are slow now, but they expect an increased turnover next month. |
| 7. | the number of times that capital is invested and reinvested in a line of merchandise during a specified period of time. |
| 8. | the turning over of the capital or stock of goods involved in a particular transaction or course of business. |
| 9. | the rate of processing or the amount of material that has undergone a particular process in a given period of time, as in manufacturing. |
| 10. | a change from one position, opinion, etc., to another, often to one that is opposed to that previously held. |
| 11. | a reorganization of a political organization, business, etc., esp. one involving a change or shift of personnel. |
| 12. | a baked or deep-fried pastry with a sweet or savory filling in which half the dough is turned over the filling and the edges sealed to form a semicircle or triangle. |
| 13. | Basketball, Football. the loss of possession of the ball to the opponents, through misplays or infractions of the rules. |
| 14. | that is or may be turned over. |
| 15. | having a part that turns over, as a collar. |
| turn·o·ver (tûrn'ō'vər) n.
|
Turnover
1. In accounting, the number of times an asset is replaced during a financial period.
2. The number of shares traded for a period as a percentage of the total shares in a portfolio or of an exchange.
Investopedia Commentary
1. In accounting turnover often refers to inventory or accounts receivable. A quick turnover is desired because it means that inventory is not sitting on the shelves for too long.
2. In a portfolio, a small turnover is desired because it means the investor is paying less in commissions to the broker. It is called "churning" when a broker unethically generates numerous trades solely in order to increase commissions.
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See also: Accounts Receivable, Asset, Churning
Also spelled: Turn over Turn-over
turnover
The trading volume of the market or of a particular security.
The number of times that an asset is replaced during a given period. For example, an inventory turnover of five indicates that the firm's inventory has been turned into sales and has been replaced five times.