Other forms: turnovers
Turnover is the total money a business takes in over a period. Annual turnover, a turnover of two million, turnover is not profit.
That last point is the important one: turnover is everything coming in before any costs, and profit is what is left after them. A company can have a large turnover and lose money. The second sense is about people: staff turnover means how quickly employees leave and are replaced, and high turnover is a warning sign. Note the food sense — an apple turnover is a folded pastry — and that in American sport a turnover is losing possession.
1nounturnoverThe total money a business takes in over a period.
“Turnover was up and profit was down.”
2nounrateThe rate at which staff leave and are replaced.
“Staff turnover in that department is the real story.”
3nounfoldedA folded pastry with fruit inside.
“Two apple turnovers and a coffee.”
turnover is a total taken in, or a rate of replacement.
Deverbal from turn over.
Etymology from Wiktionary, CC BY-SA