the ratio of the number of workers that had to be replaced in a given time period to the average number of workers
"The company's high turnover rate meant they were constantly hiring new staff to replace those who left within the year."
a dish made by folding a piece of pastry over a filling
"She served hot turnovers filled with savory mince and cheese as an appetizer."
The amount of money taken as sales transacted in a given period.
"The restaurant's annual turnover exceeded two million dollars after selling thousands of meals to tourists."
In plain English: Turnover is when something changes hands, like money moving from your bank account to pay for lunch.
"The store had to restock because their daily turnover was higher than expected."
Usage: In business contexts, turnover refers specifically to the total volume of sales generated within a set time frame rather than profit or revenue per item. Use this term when discussing overall company performance metrics instead of individual transaction values.
Capable of being turned over; designed to be turned over.
"The loose-leaf pages are designed with reinforced edges so that they can withstand frequent turnover without tearing."
"The company's turnover rate increased significantly this year due to hiring difficulties."
Turnover comes directly from the phrase to turn over, which means to flip something or reverse its position. The word entered English as a noun describing this action of turning an object upside down.