turnoverturn·o·ver /ˈtɜːnˌəʊvəˈtɜːrnˌoʊvər/ noun [singular, uncountableU]1British EnglishBrEACCOUNTING the amount of business done in a particular period of time, measured by the amount of money obtained from customers for goods or services that have been soldSYN SALESturnover ofThe commercial services business unit had an annual turnover of 3.9 billion kronor.
→ asset turnover → capital turnover → stock turnover2HUMAN RESOURCES the rate at which workers leave an organization and are replaced by othersMorale among child-care workers is low, and turnover is more than 40% a year.
Contract workers have a high turnover rate.
3COMMERCE the rate at which goods are soldturnover ofOur business success is built on a fast turnover of merchandise.
4FINANCE the number of shares traded on a stockmarket during a particular period of time, usually a day, or the number of shares traded in a particular companyStocks closed 16 per cent lower at 27360 points amid light turnover (=not much trading).
The company’s shares gained 20p to 463p on turnover of 1.1 million shares.