TeachMeFinance.com - explain Turnover
Turnover -- Turnover is the number of times that an average inventory of goods is sold during a fiscal year or some designated period. Care must be taken to ensure that the average inventory and net sales are both reduced to the same denominator; that is, divide inventory at cost into sales at cost into sales at cost or divide inventory at selling price into sales at selling price. The turnover when accurately computed, is one measure of the efficiency of a business.
Turn over -- The total value of the purchases, sales or other transactions of a business concern in any particular period. For instance, the year's turn over of a concern is the total business of the concern for the year.
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