Overall Turnover

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Definition of 'Overall Turnover'

Overall turnover is a measure of the total sales of a company or organization. It is calculated by adding together all of the revenue from the sale of goods and services during a specific period of time. Overall turnover can be used to compare the performance of different companies or organizations over time, or to compare the performance of a single company or organization with its competitors.

Overall turnover is an important metric for businesses because it can help them to understand their financial health and to make informed decisions about their future growth. For example, a company with a high overall turnover may be able to afford to invest in new products or services, or to expand into new markets. Conversely, a company with a low overall turnover may need to take steps to improve its sales performance in order to remain competitive.

Overall turnover is calculated by adding together all of the revenue from the sale of goods and services during a specific period of time. This can be done on a daily, weekly, monthly, quarterly, or annual basis. The most common way to calculate overall turnover is to use the following formula:

Overall turnover = total revenue

where:

* Total revenue is the total amount of money that a company or organization receives from the sale of goods and services.

Overall turnover can be used to compare the performance of different companies or organizations over time, or to compare the performance of a single company or organization with its competitors. To compare the performance of different companies or organizations, it is important to use the same time period for each company or organization. For example, if you are comparing the overall turnover of two companies, you should use the same month or year for each company.

Overall turnover can also be used to track the performance of a single company or organization over time. To do this, you would simply calculate the overall turnover for the company or organization for each period of time that you are interested in. For example, you could calculate the overall turnover for the company or organization for each quarter or each year.

Overall turnover is an important metric for businesses because it can help them to understand their financial health and to make informed decisions about their future growth. By tracking their overall turnover over time, businesses can identify trends and patterns that can help them to improve their sales performance.

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