Is turnover just for businesses
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In a company or business the amount of money that you take in is usually referred to as turnover, but if you are a public authority (Local Council) where the money comes in the form of taxation and government funding and goes out to suppliers for services not for the organisation (eg schools, home care etc). What would that still qualify as turnover or is there a more appropriate term.
usage
asked Apr 8 at 20:20
Naz
1163
bumped to the homepage by Community♦ 4 hours ago
This question has answers that may be good or bad; the system has marked it active so that they can be reviewed.
add a comment |
up vote
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down vote
favorite
In a company or business the amount of money that you take in is usually referred to as turnover, but if you are a public authority (Local Council) where the money comes in the form of taxation and government funding and goes out to suppliers for services not for the organisation (eg schools, home care etc). What would that still qualify as turnover or is there a more appropriate term.
usage
asked Apr 8 at 20:20
Naz
1163
bumped to the homepage by Community♦ 4 hours ago
This question has answers that may be good or bad; the system has marked it active so that they can be reviewed.
Comments are not for extended discussion; this conversation has been moved to chat.
– tchrist♦
Apr 11 at 12:15
Is this a "meaning" question or a "word-request" question? We can only ask one Q is suppose.
– Kris
Jun 15 at 6:14
As for the meaning, see a good dictionary.
– Kris
Jun 15 at 6:16
A turnover is for breakfast.
– Hot Licks
Nov 12 at 22:23
add a comment |
up vote
1
down vote
favorite
up vote
1
down vote
favorite
In a company or business the amount of money that you take in is usually referred to as turnover, but if you are a public authority (Local Council) where the money comes in the form of taxation and government funding and goes out to suppliers for services not for the organisation (eg schools, home care etc). What would that still qualify as turnover or is there a more appropriate term.
usage
asked Apr 8 at 20:20
Naz
1163
In a company or business the amount of money that you take in is usually referred to as turnover, but if you are a public authority (Local Council) where the money comes in the form of taxation and government funding and goes out to suppliers for services not for the organisation (eg schools, home care etc). What would that still qualify as turnover or is there a more appropriate term.
usage
usage
asked Apr 8 at 20:20
Naz
1163
asked Apr 8 at 20:20
Naz
1163
asked Apr 8 at 20:20
Naz
1163
asked Apr 8 at 20:20
Naz
1163
asked Apr 8 at 20:20
Naz
1163
1163
bumped to the homepage by Community♦ 4 hours ago
This question has answers that may be good or bad; the system has marked it active so that they can be reviewed.
bumped to the homepage by Community♦ 4 hours ago
This question has answers that may be good or bad; the system has marked it active so that they can be reviewed.
Comments are not for extended discussion; this conversation has been moved to chat.
– tchrist♦
Apr 11 at 12:15
Is this a "meaning" question or a "word-request" question? We can only ask one Q is suppose.
– Kris
Jun 15 at 6:14
As for the meaning, see a good dictionary.
– Kris
Jun 15 at 6:16
A turnover is for breakfast.
– Hot Licks
Nov 12 at 22:23
add a comment |
Comments are not for extended discussion; this conversation has been moved to chat.
– tchrist♦
Apr 11 at 12:15
Is this a "meaning" question or a "word-request" question? We can only ask one Q is suppose.
– Kris
Jun 15 at 6:14
As for the meaning, see a good dictionary.
– Kris
Jun 15 at 6:16
A turnover is for breakfast.
– Hot Licks
Nov 12 at 22:23
Comments are not for extended discussion; this conversation has been moved to chat.
– tchrist♦
Apr 11 at 12:15
Comments are not for extended discussion; this conversation has been moved to chat.
– tchrist♦
Apr 11 at 12:15
Is this a "meaning" question or a "word-request" question? We can only ask one Q is suppose.
– Kris
Jun 15 at 6:14
Is this a "meaning" question or a "word-request" question? We can only ask one Q is suppose.
– Kris
Jun 15 at 6:14
As for the meaning, see a good dictionary.
– Kris
Jun 15 at 6:16
As for the meaning, see a good dictionary.
– Kris
Jun 15 at 6:16
A turnover is for breakfast.
– Hot Licks
Nov 12 at 22:23
A turnover is for breakfast.
– Hot Licks
Nov 12 at 22:23
add a comment |
2 Answers
2
active
oldest
votes
up vote
0
down vote
The term "turnover" in the United States is primarily a business term, and is always related to a period of time, e.g., the number of times inventory "turns over" in a year, or the length of time it takes for inventory to sell (and be replaced by new inventory). I gather from comments moved to "chat" that in Britain and Asia the time period is typically a year.
I agree with the @esurfsnake that governments would use the term receipts or revenue. Receipts in the United States is broader than revenue; revenue relates to tax receipts, but governments (federal, state, or local) also get other kinds of receipts--import duties, fines, fees for services, and so forth.
If you have a store with goods that cost $50,000 that you expect to sell for $75,000, the question is this: how often does that happen in a year?
The term also applies to employee turnover (on average, how long do new hires stay on the job?). And it applies to how often a restaurant seats a new set of customers. My favorite restaurant has a turnover time of about two hours, so in a typical evening they get two seatings, at about 5:30 p.m. and 7:30 p.m.
Here's investopedia on turnover: https://www.investopedia.com/terms/t/turnover.asp
answered Apr 16 at 4:31
Xanne
6,59231229
add a comment |
up vote
0
down vote
This is distinctly British English.
In the U.S., 'revenue' is the money received by a company, non-profit, or government.
In the UK, 'turnover' is revenue received by a company. Governments usually call it 'receipts'.
In the UK, revenue, or sales, are often called “turnover”. According to the Companies Act, turnover is:
“The amount derived from the provisions of goods or services within the company’s ordinary activities after deduction of trade discounts, VAT and other relevant taxes”
- What is turnover (by Georgi Rollings, Starfish Accounting)
edited Oct 13 at 14:58
Lawrence
30.5k461107
answered Apr 9 at 6:12
eSurfsnake
2823
Can you clarify if BrE turnover can include revenue from services, investments, contracts, or if it is specifically from moving (turning over) product inventory?
– Ben Voigt
Apr 9 at 6:13
This is incorrect . Please provide evidence of what you are saying.
– user240918
Apr 9 at 6:15
2
I have been to business school and run companies in both the UK and U.S. In the U.S. the term 'turnover' is never used meaning an amount of money. (You might have employee or inventory turnover). In the UK, it is common to call what we call in the U.S. revenue - cash coming in - either turnover or income. The latter is very confusing, because in the U.S. 'income' is revenues minus expenses, or profit. It's partly accounting. for the U.S., see: investopedia.com/terms/r/revenuerecognition.asp and for the UK see: starfishaccounting.co.uk/what-is-turnover
– eSurfsnake
Apr 9 at 6:26
You will actually see that in the UK the term 'turnover' is codified in law (the Companies Act).
– eSurfsnake
Apr 9 at 6:27
1
It may be in the dictionary, and you are free to use it, but I have never seen it used that way in the U.S. in business.
– eSurfsnake
Apr 9 at 17:46
|
show 3 more comments
2 Answers
2
active
oldest
votes
2 Answers
2
active
oldest
votes
active
oldest
votes
active
oldest
votes
up vote
0
down vote
The term "turnover" in the United States is primarily a business term, and is always related to a period of time, e.g., the number of times inventory "turns over" in a year, or the length of time it takes for inventory to sell (and be replaced by new inventory). I gather from comments moved to "chat" that in Britain and Asia the time period is typically a year.
I agree with the @esurfsnake that governments would use the term receipts or revenue. Receipts in the United States is broader than revenue; revenue relates to tax receipts, but governments (federal, state, or local) also get other kinds of receipts--import duties, fines, fees for services, and so forth.
If you have a store with goods that cost $50,000 that you expect to sell for $75,000, the question is this: how often does that happen in a year?
The term also applies to employee turnover (on average, how long do new hires stay on the job?). And it applies to how often a restaurant seats a new set of customers. My favorite restaurant has a turnover time of about two hours, so in a typical evening they get two seatings, at about 5:30 p.m. and 7:30 p.m.
Here's investopedia on turnover: https://www.investopedia.com/terms/t/turnover.asp
answered Apr 16 at 4:31
Xanne
6,59231229
add a comment |
up vote
0
down vote
The term "turnover" in the United States is primarily a business term, and is always related to a period of time, e.g., the number of times inventory "turns over" in a year, or the length of time it takes for inventory to sell (and be replaced by new inventory). I gather from comments moved to "chat" that in Britain and Asia the time period is typically a year.
I agree with the @esurfsnake that governments would use the term receipts or revenue. Receipts in the United States is broader than revenue; revenue relates to tax receipts, but governments (federal, state, or local) also get other kinds of receipts--import duties, fines, fees for services, and so forth.
If you have a store with goods that cost $50,000 that you expect to sell for $75,000, the question is this: how often does that happen in a year?
The term also applies to employee turnover (on average, how long do new hires stay on the job?). And it applies to how often a restaurant seats a new set of customers. My favorite restaurant has a turnover time of about two hours, so in a typical evening they get two seatings, at about 5:30 p.m. and 7:30 p.m.
Here's investopedia on turnover: https://www.investopedia.com/terms/t/turnover.asp
answered Apr 16 at 4:31
Xanne
6,59231229
add a comment |
up vote
0
down vote
up vote
0
down vote
The term "turnover" in the United States is primarily a business term, and is always related to a period of time, e.g., the number of times inventory "turns over" in a year, or the length of time it takes for inventory to sell (and be replaced by new inventory). I gather from comments moved to "chat" that in Britain and Asia the time period is typically a year.
I agree with the @esurfsnake that governments would use the term receipts or revenue. Receipts in the United States is broader than revenue; revenue relates to tax receipts, but governments (federal, state, or local) also get other kinds of receipts--import duties, fines, fees for services, and so forth.
If you have a store with goods that cost $50,000 that you expect to sell for $75,000, the question is this: how often does that happen in a year?
The term also applies to employee turnover (on average, how long do new hires stay on the job?). And it applies to how often a restaurant seats a new set of customers. My favorite restaurant has a turnover time of about two hours, so in a typical evening they get two seatings, at about 5:30 p.m. and 7:30 p.m.
Here's investopedia on turnover: https://www.investopedia.com/terms/t/turnover.asp
answered Apr 16 at 4:31
Xanne
6,59231229
The term "turnover" in the United States is primarily a business term, and is always related to a period of time, e.g., the number of times inventory "turns over" in a year, or the length of time it takes for inventory to sell (and be replaced by new inventory). I gather from comments moved to "chat" that in Britain and Asia the time period is typically a year.
I agree with the @esurfsnake that governments would use the term receipts or revenue. Receipts in the United States is broader than revenue; revenue relates to tax receipts, but governments (federal, state, or local) also get other kinds of receipts--import duties, fines, fees for services, and so forth.
If you have a store with goods that cost $50,000 that you expect to sell for $75,000, the question is this: how often does that happen in a year?
The term also applies to employee turnover (on average, how long do new hires stay on the job?). And it applies to how often a restaurant seats a new set of customers. My favorite restaurant has a turnover time of about two hours, so in a typical evening they get two seatings, at about 5:30 p.m. and 7:30 p.m.
Here's investopedia on turnover: https://www.investopedia.com/terms/t/turnover.asp
answered Apr 16 at 4:31
Xanne
6,59231229
answered Apr 16 at 4:31
Xanne
6,59231229
answered Apr 16 at 4:31
Xanne
6,59231229
answered Apr 16 at 4:31
Xanne
6,59231229
6,59231229
add a comment |
add a comment |
up vote
0
down vote
This is distinctly British English.
In the U.S., 'revenue' is the money received by a company, non-profit, or government.
In the UK, 'turnover' is revenue received by a company. Governments usually call it 'receipts'.
In the UK, revenue, or sales, are often called “turnover”. According to the Companies Act, turnover is:
“The amount derived from the provisions of goods or services within the company’s ordinary activities after deduction of trade discounts, VAT and other relevant taxes”
- What is turnover (by Georgi Rollings, Starfish Accounting)
edited Oct 13 at 14:58
Lawrence
30.5k461107
answered Apr 9 at 6:12
eSurfsnake
2823
Can you clarify if BrE turnover can include revenue from services, investments, contracts, or if it is specifically from moving (turning over) product inventory?
– Ben Voigt
Apr 9 at 6:13
This is incorrect . Please provide evidence of what you are saying.
– user240918
Apr 9 at 6:15
2
I have been to business school and run companies in both the UK and U.S. In the U.S. the term 'turnover' is never used meaning an amount of money. (You might have employee or inventory turnover). In the UK, it is common to call what we call in the U.S. revenue - cash coming in - either turnover or income. The latter is very confusing, because in the U.S. 'income' is revenues minus expenses, or profit. It's partly accounting. for the U.S., see: investopedia.com/terms/r/revenuerecognition.asp and for the UK see: starfishaccounting.co.uk/what-is-turnover
– eSurfsnake
Apr 9 at 6:26
You will actually see that in the UK the term 'turnover' is codified in law (the Companies Act).
– eSurfsnake
Apr 9 at 6:27
1
It may be in the dictionary, and you are free to use it, but I have never seen it used that way in the U.S. in business.
– eSurfsnake
Apr 9 at 17:46
|
show 3 more comments
up vote
0
down vote
This is distinctly British English.
In the U.S., 'revenue' is the money received by a company, non-profit, or government.
In the UK, 'turnover' is revenue received by a company. Governments usually call it 'receipts'.
In the UK, revenue, or sales, are often called “turnover”. According to the Companies Act, turnover is:
“The amount derived from the provisions of goods or services within the company’s ordinary activities after deduction of trade discounts, VAT and other relevant taxes”
- What is turnover (by Georgi Rollings, Starfish Accounting)
edited Oct 13 at 14:58
Lawrence
30.5k461107
answered Apr 9 at 6:12
eSurfsnake
2823
Can you clarify if BrE turnover can include revenue from services, investments, contracts, or if it is specifically from moving (turning over) product inventory?
– Ben Voigt
Apr 9 at 6:13
This is incorrect . Please provide evidence of what you are saying.
– user240918
Apr 9 at 6:15
2
I have been to business school and run companies in both the UK and U.S. In the U.S. the term 'turnover' is never used meaning an amount of money. (You might have employee or inventory turnover). In the UK, it is common to call what we call in the U.S. revenue - cash coming in - either turnover or income. The latter is very confusing, because in the U.S. 'income' is revenues minus expenses, or profit. It's partly accounting. for the U.S., see: investopedia.com/terms/r/revenuerecognition.asp and for the UK see: starfishaccounting.co.uk/what-is-turnover
– eSurfsnake
Apr 9 at 6:26
You will actually see that in the UK the term 'turnover' is codified in law (the Companies Act).
– eSurfsnake
Apr 9 at 6:27
1
It may be in the dictionary, and you are free to use it, but I have never seen it used that way in the U.S. in business.
– eSurfsnake
Apr 9 at 17:46
|
show 3 more comments
up vote
0
down vote
up vote
0
down vote
This is distinctly British English.
In the U.S., 'revenue' is the money received by a company, non-profit, or government.
In the UK, 'turnover' is revenue received by a company. Governments usually call it 'receipts'.
In the UK, revenue, or sales, are often called “turnover”. According to the Companies Act, turnover is:
“The amount derived from the provisions of goods or services within the company’s ordinary activities after deduction of trade discounts, VAT and other relevant taxes”
- What is turnover (by Georgi Rollings, Starfish Accounting)
edited Oct 13 at 14:58
Lawrence
30.5k461107
answered Apr 9 at 6:12
eSurfsnake
2823
This is distinctly British English.
In the U.S., 'revenue' is the money received by a company, non-profit, or government.
In the UK, 'turnover' is revenue received by a company. Governments usually call it 'receipts'.
In the UK, revenue, or sales, are often called “turnover”. According to the Companies Act, turnover is:
“The amount derived from the provisions of goods or services within the company’s ordinary activities after deduction of trade discounts, VAT and other relevant taxes”
- What is turnover (by Georgi Rollings, Starfish Accounting)
edited Oct 13 at 14:58
Lawrence
30.5k461107
answered Apr 9 at 6:12
eSurfsnake
2823
edited Oct 13 at 14:58
Lawrence
30.5k461107
edited Oct 13 at 14:58
Lawrence
30.5k461107
edited Oct 13 at 14:58
Lawrence
30.5k461107
30.5k461107
answered Apr 9 at 6:12
eSurfsnake
2823
answered Apr 9 at 6:12
eSurfsnake
2823
answered Apr 9 at 6:12
eSurfsnake
2823
2823
Can you clarify if BrE turnover can include revenue from services, investments, contracts, or if it is specifically from moving (turning over) product inventory?
– Ben Voigt
Apr 9 at 6:13
This is incorrect . Please provide evidence of what you are saying.
– user240918
Apr 9 at 6:15
2
I have been to business school and run companies in both the UK and U.S. In the U.S. the term 'turnover' is never used meaning an amount of money. (You might have employee or inventory turnover). In the UK, it is common to call what we call in the U.S. revenue - cash coming in - either turnover or income. The latter is very confusing, because in the U.S. 'income' is revenues minus expenses, or profit. It's partly accounting. for the U.S., see: investopedia.com/terms/r/revenuerecognition.asp and for the UK see: starfishaccounting.co.uk/what-is-turnover
– eSurfsnake
Apr 9 at 6:26
You will actually see that in the UK the term 'turnover' is codified in law (the Companies Act).
– eSurfsnake
Apr 9 at 6:27
1
It may be in the dictionary, and you are free to use it, but I have never seen it used that way in the U.S. in business.
– eSurfsnake
Apr 9 at 17:46
|
show 3 more comments
Can you clarify if BrE turnover can include revenue from services, investments, contracts, or if it is specifically from moving (turning over) product inventory?
– Ben Voigt
Apr 9 at 6:13
This is incorrect . Please provide evidence of what you are saying.
– user240918
Apr 9 at 6:15
2
I have been to business school and run companies in both the UK and U.S. In the U.S. the term 'turnover' is never used meaning an amount of money. (You might have employee or inventory turnover). In the UK, it is common to call what we call in the U.S. revenue - cash coming in - either turnover or income. The latter is very confusing, because in the U.S. 'income' is revenues minus expenses, or profit. It's partly accounting. for the U.S., see: investopedia.com/terms/r/revenuerecognition.asp and for the UK see: starfishaccounting.co.uk/what-is-turnover
– eSurfsnake
Apr 9 at 6:26
You will actually see that in the UK the term 'turnover' is codified in law (the Companies Act).
– eSurfsnake
Apr 9 at 6:27
1
It may be in the dictionary, and you are free to use it, but I have never seen it used that way in the U.S. in business.
– eSurfsnake
Apr 9 at 17:46
Can you clarify if BrE turnover can include revenue from services, investments, contracts, or if it is specifically from moving (turning over) product inventory?
– Ben Voigt
Apr 9 at 6:13
Can you clarify if BrE turnover can include revenue from services, investments, contracts, or if it is specifically from moving (turning over) product inventory?
– Ben Voigt
Apr 9 at 6:13
This is incorrect . Please provide evidence of what you are saying.
– user240918
Apr 9 at 6:15
This is incorrect . Please provide evidence of what you are saying.
– user240918
Apr 9 at 6:15
2
2
I have been to business school and run companies in both the UK and U.S. In the U.S. the term 'turnover' is never used meaning an amount of money. (You might have employee or inventory turnover). In the UK, it is common to call what we call in the U.S. revenue - cash coming in - either turnover or income. The latter is very confusing, because in the U.S. 'income' is revenues minus expenses, or profit. It's partly accounting. for the U.S., see: investopedia.com/terms/r/revenuerecognition.asp and for the UK see: starfishaccounting.co.uk/what-is-turnover
– eSurfsnake
Apr 9 at 6:26
I have been to business school and run companies in both the UK and U.S. In the U.S. the term 'turnover' is never used meaning an amount of money. (You might have employee or inventory turnover). In the UK, it is common to call what we call in the U.S. revenue - cash coming in - either turnover or income. The latter is very confusing, because in the U.S. 'income' is revenues minus expenses, or profit. It's partly accounting. for the U.S., see: investopedia.com/terms/r/revenuerecognition.asp and for the UK see: starfishaccounting.co.uk/what-is-turnover
– eSurfsnake
Apr 9 at 6:26
You will actually see that in the UK the term 'turnover' is codified in law (the Companies Act).
– eSurfsnake
Apr 9 at 6:27
You will actually see that in the UK the term 'turnover' is codified in law (the Companies Act).
– eSurfsnake
Apr 9 at 6:27
1
1
It may be in the dictionary, and you are free to use it, but I have never seen it used that way in the U.S. in business.
– eSurfsnake
Apr 9 at 17:46
It may be in the dictionary, and you are free to use it, but I have never seen it used that way in the U.S. in business.
– eSurfsnake
Apr 9 at 17:46
|
show 3 more comments
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Comments are not for extended discussion; this conversation has been moved to chat.
– tchrist♦
Apr 11 at 12:15
Is this a "meaning" question or a "word-request" question? We can only ask one Q is suppose.
– Kris
Jun 15 at 6:14
As for the meaning, see a good dictionary.
– Kris
Jun 15 at 6:16
A turnover is for breakfast.
– Hot Licks
Nov 12 at 22:23