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Where I'm from it also means revenue. I have edited my comment above
by tempaway45751 3y ago
Where I'm from it also means revenue. I have edited my comment above
- ShadowBanThis01 3y agoGot it. Where are you from?
- happymellon 3y agoNot GP, but I'm in the UK and turnover when expressed as a monetary amount means revenue. Appears to be an Asian and European term. https://www.investopedia.com/terms/t/turnover.asp https://www.investopedia.com/terms/t/turnover.asp
- ShadowBanThis01 3y agoThanks. Seems less informative than terms like "revenue." I wonder what term Europeans and Asians use for personnel turnover.
- tempaway45751 3y agoThats also turnover, but usually a smaller number or a percentage
- happymellon 3y agoThat would be personnel/employee turnover. So I simplified a bit. Overall turnover is the same as revenue. Usually turnover is referred to as a ratio of accounts payable actually paid in a period or stock sold in a period. Personnel turnover is also not an absolute number but a ratio of people to people leaving. So in this case turnover is the same as they are ratios but for personnel rather than widgets. Hopefully that makes sense.
- ShadowBanThis01 3y agoThanks!