Overall Turnover

Overall turnover is the other name of total revenues of a company or a business entity. This is a synonym to total revenues term that is commonly used in the regions of Europe and Asia. Whereas the term overall turnover is used in North American accounting and Finance context. There are a number of different variations for this term such as it can be used as asset turnover and labor turnover depending upon the type and the different metrics of the organization as a whole. Overall turnover measure all the metrics on a large scale that is on the whole organizational level instead of measuring the metrics on the level of a single department or a single unit.

The example of overall turnover in perspective of a company can be considered as under such as if a company ABC in Europe or Asia announces that the overall turnover of the company has been increased at the rate of 20 percent from the last year this means that the total revenue of the company has been increased 20 percent from the last year’s total revenue. Another perspective of looking on this term is that the overall sales of the company have been increased by 20 percent from the last year.

In terms of inventory turnover this term can be defined as if the overall inventory turnover of a business entity in North America is 10 that mean that the overall revenue generated by the company is 10 dollars for every 1 dollar of the assets.

Other Related Accounting Articles:

• Inventory Conversion Period
• Year End Bonus
• Revenue
• Overcast
• Percentage Lease
• Forecasting
• Market Share
• Short Tax Year
• Expense Allocation
• Compounding