Annual turnover is annual sales revenue. The money which is generated from selling a product or service. This must not be confused with annual income because income is associated with profits and with income tax while turnover is not! Turnover is the language used by businessmen when asked what their sales figures are for the month or year. It is also used as a management tool to manage and compare the performance of a business with previous years and also with market competitors. If the turnover is high, it does not mean the income is high, because turnover is simply the starting point before profits are calculated and before gross and net income can be ascertained.
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.
The annual inventory turnover in the retail painting industry is obtained by dividing the Annual Cost of Sales by the Average Inventory Level. A low inventory turnover ratio is a signal of inefficiency.
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((cur ann sales-pre ann sales) / cur ann sales )* 100
Return on Assets = Profit Margin on Sales x Asset Turnover .1 = Profit Margin on Sales x 3 .033 = Profit Margin on Sales
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.
Asset Turnover is a financial ratio that measures the efficiency of a company's use of its assets in generating revenue or income for the company. A higher asset turnover ratio implies that the company is operating efficiently and is able to generate solid revenue income using the assets at their disposal.Formula:Asset Turnover = Sales / Average Total Assets
The annual inventory turnover in the retail painting industry is obtained by dividing the Annual Cost of Sales by the Average Inventory Level. A low inventory turnover ratio is a signal of inefficiency.
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since income is arise out of sales we made during the year.
The median annual income salary for a sales representative is $54,780. The lowest annual income salary is $41,119. The highest annual income salary is $71,924.
Formula for asset turnover: Asset turnover = net sales / total assets Net sales = 32000 * 3.2 = 102400
Turnover is sales both domestic and export and is reflected in Trading Account of the Company in accounts.
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.
Today, IKEA has 225 stores in more than thirty countries, an annual turnover of more than $17 billion.
Profit mean that when a company sales turnover more so extra income that we get is profit. Cash flow means inflow & outflow of cash when there is any expenses or income earned.
Profit mean that when a company sales turnover more so extra income that we get is profit. Cash flow means inflow & outflow of cash when there is any expenses or income earned.