oboloo Glossary

Company Turnover

oboloo Glossary

Company Turnover

Company turnover is a useful metric that measures a company’s performance. It shows the amount of money made or spent in a given financial period by a business. This can include all forms of revenue, such as sales, interest earned, and any other income. Company turnover also includes expenses, such as rent, wages, taxes, and costs of goods sold. To calculate company turnover, divide the total revenue of a company by its total expenses over a particular period. Higher turnovers usually signify higher profits, greater growth potential, and larger market size – but it’s important to also consider other factors, such as quality of products and customer satisfaction level.