Turnover = Total sales revenue generated in a period
Formula: Turnover = Units sold × Selling price per unit
Formula: Turnover = Sum of all sales invoices for the period
Include sales before deducting expenses
Exclude returns, discounts, and taxes if using net turnover
Use gross turnover if calculating total sales before deductions
Use net turnover if calculating sales after returns and discounts
For businesses with multiple products: Turnover = Σ(Units sold × Price per unit) for all products
For service businesses: Turnover = Total fees or service income earned in the period
For monthly turnover: Add all sales from the month
For annual turnover: Add all sales from the year
Turnover growth rate = ((Current period turnover – Previous period turnover) ÷ Previous period turnover) × 100
Average turnover = Total turnover ÷ Number of periods
Inventory turnover = Cost of goods sold ÷ Average inventory
Asset turnover = Net sales ÷ Average total assets