Turnover: meaning, definitions and examples

Often used to describe the total amount of money generated by a company from its business activities during a specific period, without deducting any costs or expenses.

• The company's annual turnover reached $5 million this year.
• High employee turnover can impact a company's performance.

Describes the total income generated from the sale of goods or services related to the company's primary operations. It does not account for any costs and expenses.

• The company's revenue exceeded expectations this quarter.
• Advertising revenue increased by 10% compared to last year.

Refers to the money an individual or organization earns after all expenses, taxes, and deductions have been made. It is usually used in personal finance or accounting.

• She reported an annual income of $50,000.
• Their net income decreased due to higher operational costs.

Typically refers to the transactions or amounts sold of goods or services within a specified period. It is more product-specific and used in the context of retail or business activities.

• Holiday sales boosted the company's profits.
• The new product line has seen impressive sales figures.

This word is commonly used in business to describe the rate at which employees leave and join a company. It can also refer to the amount of business a company does in a particular period.

• The company is experiencing a high employee turnover this year.
• Our sales turnover increased by 20% last quarter.

This term is often used in a negative context to describe the gradual loss of employees over time, often due to resignations or retirements. It can also refer to the wearing down or reduction of something through constant stress.

• The team is suffering from high attrition rates due to poor management.
• The constant battle led to the slow attrition of the army's strength.

Commonly used in the context of businesses, particularly those with subscription models, to describe the rate at which customers stop using the service and cancel their subscriptions.

• Our monthly customer churn rate has been increasing, and we need to find out why.
• Reducing churn is a major focus for our marketing team this quarter.

Commonly used in the context of business and economics to refer to the amount of money that a company brings in during a specific time period. It can also mean the number of employees who leave and are replaced in a given period. Another context is a type of pastry.

• Our company's turnover increased by 20% last year.
• The high employee turnover rate has been a concern for the HR department.
• I bought an apple turnover from the bakery.

Primarily used in British English and refers to a type of baked pastry filled with meat and vegetables, commonly associated with Cornwall.

• Cornish pasties are a traditional meal in England.
• I had a delicious beef pasty for lunch.
• They sell fresh pasties at the local bakery.

Typically used in culinary contexts, especially when referring to Latin American cuisine. Empanadas are baked or fried pastries filled with various ingredients like meat, cheese, or vegetables.

• My grandmother makes the best beef empanadas.
• We had empanadas for lunch at the new Mexican restaurant.
• She brought homemade empanadas to the party, and they were a hit.