For questions related to inventory or asset turnover.
Turnover has several meanings in a financial context. It can be
- A synonym for revenue.
- Inventory turnover - a measure of how quickly a company sells its inventory.
- Asset turnover - a financial ratio that indicates how efficiently a company uses its assets to generate revenue
- Mutual fund turnover - A measure of how frequently assets are bought and sold within a fund. It serves as a measure of a fund manager's trading activity. This turnover is calculated by dividing total purchases or sales of portfolio securities (whichever is lower) by the fund's net assets. Funds with high turnover often have higher expense ratios because they incur more trading costs.