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What is turnover in business?

Updated: 10/25/2022
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14y ago

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Annual revenue.

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Q: What is turnover in business?
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What is whole turnover guarantee?

A whole turnover guarantee is an insurance policy that protects the complete sales ledger of a business. It protects against non-payment through default.


What are 3 ways a turnover can occur on a football field?

Interception, fumble, or turnover on downs.


What is the standard deviation for fico scores?

The answer will depend on what the variable is: turnover, profit, floor area, number of customers, etc.


What is creditors turnover ratio?

Creditors are the businesses or people who provide goods and services in credit terms. That is, they allow us time to pay rather than paying in cash. There are good reasons why we allow people to pay on credit even though literally it doesn't make sense! If we allow people time to pay their bills, they are more likely to buy from your business than from another business that doesn't give credit. The length of credit period allowed is also a factor that can help a potential customer decide whether to buy from your business or not: the longer the better, of course. In spite of what we have just said, creditors will need to optimise their credit control policies in exactly the same way that we did when we were assessing our debtors' turnover ratio - after all, if you are my debtor I am your creditor! We give credit but we need to control how much we give, how often and for how long. Let's do some calculations for the Carphone Warehouse. The formula for this ratio is: Creditors' Turnover = Average Creditors (Cost of Sales/365)As with the stock turnover ratio, creditor values relate to the costs of raw materials, goods and services, which is why we use the cost of sales figure in the denominator (Remember the numerator? Well, this is the opposite. The denominator is the bottom part of a fraction!) {| ! valign="top" | Carphone Warehouse ! valign="top" | 31 March 2001 ! valign="top" | 25 March 2000 ! valign="top" | ! valign="top" | £'000 ! valign="top" | £'000 | Cost of sales 830,126 505,738 Creditors: Amounts falling due within one year 222,348 173,820! colspan="3" valign="top" | Creditors Turnover Ratio for the Carphone Warehouse | 31 March 2001 222,348830,126 ÷ 365 97.76 days 25 March 2000 173,820505,738 ÷ 365 125.45 days We interpret this ratio in exactly the same way as the debtors' turnover ratio. That is, in 2001 if we had bought some supplies for £222,348 on 1st January, we would have paid for them 97.76 days later on 6th April. You can work out the payment date for 2000 if we imagine buying some supplies for £173,820 on 1st January of that year. Having found that debtors are taking somewhere between 30 and 50 days to pay their accounts, notice that the business is taking over three months credit for itself in 2001 and about four months' credit in 2000. These results are worrying: especially when we know that small businesses in the UK are suffering because large businesses take too long to pay their accounts; and if the Carphone Warehouse has many small suppliers that is worrying. |}


If a company's return on equity is 10 percent its profit margin is 5 percent and its asset turnover is 1.57 what is it's equity multiplier?

EQUITY MULTIPLIER=Total Assets / Total Stockholders' Equity

Related questions

What are the advantage of labour turnover?

There are no advantages of labour / staff turnover. Staff turnover is the decrease in the amount of employees you have in your business. Presence of staff turnover indicates employees are leaving your business for some reason. There are no advantages of labour / staff turnover.


What is the business turnover of MYK Laticrete?

what is the turnover of myk laticrete in india for 2012-13


Is turnover the same as profit?

No !! Turnover is the amount of money that is used for the business to trade, profit is the amount of money that is left after the costs of the business have been subtracted from the income from the business. turnover in general sense means the total revenue derieved by an enterprise from its primary business . however different rules and provisions of various laws and acts define turnover differently . There cannot be any stable definition for turnover .


What is entrenchment in business?

It means Executive or Board turnover


What is turn over of a business?

The sales a business makes over a trading year is the turnover.


What is turnover in an organization?

Total of all balances of a business in a given tax year, all credit received counts as turnover.


What is the maximum turnover of a small scale business?

Stupid question


What is the annual business turnover of infosys?

$313 billion dollars


What does MAT stand for in terms of turnover?

M A T in Accounting and Turnover business terms stands for 'Moving Annual Total'. It is a recording of turnover over a 12 month period to date.


What causes high staff turnover?

High staff turnover refers to how often staff is changed over in a business and it can be caused by dissatisfied employees. One way high turnover hurts a business is by costing the company money to find and train replacements for employees that leave.


What does business turnover for the month mean?

MONEY AND STUFF MONEY AND STUFF


What types of business usually has the fastest inventory turnover?

grocery store