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Turnover is simply the total value of goods or services sold. One important point to bear in mind though is that the old adage, Turnover is vanity, Profit is sanity should never be forgotten. Many businesses have huge turnover and you would think they are doing well when in actual fact, due to high overheads or material costs, the profit margin is either wafer thin or none existent.
As an example, I once worked at an organisation where the owner had just purchased his new Porsche sports car (He should have leased of course, much more cost effective) based on lots of orders/turnover. The receivers soon pointed out however that the company was losing money faster than making it so he lost everything and so sadly did the employees who became redundant.
What else can I help you with?
When is maximizing revenue the same as maximizing profit?
It is same when your revenue increases and at the same time it manages to maintain its profit %. Assuming a company has a turnover of 100 crores and has a running expenditure of 75 crores then profit is 25 crores which is 25%. If the company takes steps to increase its turnover and manages to increase the total turnover the next year to 200 crores and manages to keep its expenditure to 150 crores, this implies that the profit this time around was the same 25% and hence profit maximization happened the same as revenue maximization. But it is seldom the case. In many cases when a company strives to increase either, the other takes a hit.
What is net turnover?
Net turnover is turnover reduced by taxes linked to it, like VAT. In other words, it is what you get for the products you sell and services you provide, minus VAT that had to be paid for them.
What is turnover?
AnswerRevenueemployee turnover: the ratio of the number of workers that had to be replaced in a given time period to the average number of workers
What is the impact based on Inventory turnover?
Inventory turnover is the standard at which product inventory is acquired or made and further sold within a year. An assessment of all inventory-related business factors will have an impact on inventory turnover.
What strategies can be implemented to maintain a good employee turnover rate within the company?
To maintain a good employee turnover rate, companies can implement strategies such as offering competitive salaries and benefits, providing opportunities for career growth and development, fostering a positive work culture, promoting work-life balance, and conducting regular feedback and recognition for employees.
What is company turnover?
company's turnover is '' total sale of the company for that year ''.
What is the turnover of vivante pure foods ltd?
There turnover last year was 19 core but it was cooked up. Actually the company has just a turnover of meager 1 crore. The company is running in losses.
What company is facing problems with high turnover?
Sprint/Nextel is facing problems with high turnover
What is the meaning of turnover how you calculate the annual turnover of a company?
Here is a link to Annual Employee Turnover Calculator http://www.assessmentcompany.com/resources/costperhire.html
What is asset 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
What is turnover in accounts?
Turnover is sales both domestic and export and is reflected in Trading Account of the Company in accounts.
Which is the highest turnover private company in the world?
Walmart
What are the risk of employee turnover?
Employment turnover is basically the rate the company needs to replace the employees who had left the company. For example, when somebody said the company's employment turnover rate is high, meaning many people left the company.
Who is the worst retail company for employee turnover?
Best Buy
What is quick Turnover?
When personnel of a company is changed rapidly and constantly.
An aircraft company would have an low inventory turnover?
An aircraft company will incur low inventory turnover if the stock is purchased as bulk and demand is low, thus slow discharge of inventory.
How do you find out company turnover?
There are several ways to find out about company turnover. The best way is to talk to someone that currently works there or that has worked there. Another way is to find out how often jobs are posted.
