{"id":5787,"date":"2022-01-07T13:39:34","date_gmt":"2022-01-07T13:39:34","guid":{"rendered":"http:\/\/43.204.200.242\/hr-glossary\/turnover\/"},"modified":"2022-05-13T10:50:07","modified_gmt":"2022-05-13T05:20:07","slug":"turnover","status":"publish","type":"hr-glossary","link":"https:\/\/akriviahcm.com\/resources\/hr-glossary\/turnover","title":{"rendered":"Turnover"},"content":{"rendered":"

Turnover is a financial ratio used to identify the efficiency of a business. It is commonly used in the retail and service industries but can also be applied to all companies. Turnover, or revenue, is calculated by taking all income generated within a set period and dividing by the average amount of stock in trade. The purpose of turnover measurement is to show how effectively your business has converted the income from sales into cash before other expenses (overheads) are deducted.<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-5787","hr-glossary","type-hr-glossary","status-publish","hentry"],"acf":[],"yoast_head":"\nWhat is Turnover? | Meaning & Definition | Akrivia HCM<\/title>\n<meta name=\"description\" content=\"Turnover is a term used by accountants to describe how a business collects cash from accounts receivable or sells inventory.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/akriviahcm.com\/resources\/hr-glossary\/turnover\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Turnover\" \/>\n<meta property=\"og:description\" content=\"Turnover is a term used by accountants to describe how a business collects cash from accounts receivable or sells inventory.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/akriviahcm.com\/resources\/hr-glossary\/turnover\" \/>\n<meta property=\"og:site_name\" content=\"Akrivia HCM\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AkriviaHCM\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-13T05:20:07+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@AkriviaHCM\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/akriviahcm.com\\\/resources\\\/hr-glossary\\\/turnover\",\"url\":\"https:\\\/\\\/akriviahcm.com\\\/resources\\\/hr-glossary\\\/turnover\",\"name\":\"What is Turnover? 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