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.










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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















up vote
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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.










share|improve this question














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













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.










share|improve this question













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.







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asked Apr 8 at 20:20









Naz

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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


















  • 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










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






share|improve this answer




























    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)







    share|improve this answer























    • 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











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    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






    share|improve this answer

























      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






      share|improve this answer























        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






        share|improve this answer












        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







        share|improve this answer












        share|improve this answer



        share|improve this answer










        answered Apr 16 at 4:31









        Xanne

        6,59231229




        6,59231229
























            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)







            share|improve this answer























            • 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















            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)







            share|improve this answer























            • 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













            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)







            share|improve this answer














            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)








            share|improve this answer














            share|improve this answer



            share|improve this answer








            edited Oct 13 at 14:58









            Lawrence

            30.5k461107




            30.5k461107










            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


















            • 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


















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