Sales turnover is often expressed in monetary terms but can also be expressed in terms of the total amount of stock or products sold within a specific time period, usually a year. Whereas
Labour turnover is the ratio of the number of employees that leave a company through attrition, dismissal, or resignation during a period to the number of employees on payroll during the same period.
According to experts the difference between sales and turnover is sales refers to the income received from goods and services sold by a business whereas turnover is the income received when businesses trade goods and services.
Sales turnover is often expressed in monetary terms but can also be expressed in terms of the total amount of stock or products sold within a specific time period, usually a year. Whereas Labour turnover is the ratio of the number of employees that leave a company through attrition, dismissal, or resignation during a period to the number of employees on payroll during the same period.
Revenue is the amount of money that comes in from sales, so "sales" and "revenue" are the same. Turnover is the quantity of stock sold over an indicated period, expressed either in monetary value or number of units.
Derek A. Newton has written: 'Cases in sales force management' -- subject(s): Case studies, Sales management 'Sales force performance and turnover' -- subject(s): Selling, Sales management, Personnel management, Labor turnover 'Sales force management' -- subject(s): Sales management, Case studies
Formula for asset turnover: Asset turnover = net sales / total assets Net sales = 32000 * 3.2 = 102400
Sales turnover is purely the revenue from selling a good or service. It excludes things like return on investment, interest earned and asset appreciation which are also included in the annual turnover.
Capital turnover = Sales/ Invested capital
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The difference between a sales executive and sales officer will depend upon the company. Most times, a sales executive will have a higher position than a sales officer.
the formula of calculating account receivable turnover = Net Sales/ average gross receivable
Recent is an adjective: 'The recent sales have increased our turnover'. Recently is the adverb: 'The sales we held recently have increased our turnover'.