What is TURNOVER?

1. Accounting. (1) Volume of annual sales that is net of taxes and discounts. (2) Number of times an asset revolves or is replaced in a period of accounting. 2. Human resource management. Employees hired to replace ones who have left for some reason, fired, retired. 3. Finance. Value or volume of traded shares at the stock exchange in a set time period, day, year, month.

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