turnover
Word family
Synonym discussion
Sense: noun/1
Turnover, revenue, sales, volume, and income all relate to a company's financial performance, but they differ in scope and usage. Turnover specifically refers to the total value of goods or services sold over a period — common in British and international business English. Revenue is broader, including all income from operations before costs are deducted; it is the preferred term in American English. Sales focuses on the actual transactions or units sold — 'the company's sales hit a record high' emphasises the activity or volume. Volume measures quantity (units, litres, hours) rather than monetary value. Income is the broadest term and can include non-operating earnings like investments. For example: 'The company's turnover exceeded £2 million' (total sales value), but 'The company's revenue includes service fees and interest' (broader income). In American financial reports, turnover is rarely used for this sense; revenue is standard.
Common collocations
Nouns
- staff turnover
- employee turnover
- stock turnover
- inventory turnover
- annual turnover
- monthly turnover
Phrases
- high rate of turnover
- low turnover rate
Prepositions
- turnover of
- turnover on
- turnover among
- turnover in
Etymology
The noun turnover is formed from the verb phrase 'turn over', which has been used since the 1300s to mean 'to rotate, to roll from one side to the other'. Around the late 1800s, the phrase was combined into a single word and applied to commerce to describe the amount of money 'turning over' through a business. The pastry sense appeared at roughly the same time (late 19th century), named because the dough is folded or 'turned over' onto the filling. The sports sense emerged in the mid-1900s in American basketball and football, where a change of possession is described as the ball 'turning over' to the other team. The biological and metaphorical senses are later developments from the core idea of replacement or reversal.