Sales are calculated by multiplying the units sold by the price. Sales turnover is the summation of all sales made within a year. It includes both credit and cash...
Revenue is also referred to as sales or turnover. Some companies receive
revenue from interest, royalties, or other fees. Revenue may refer to business
Definition: Sales represent the value of goods and services made to customers
during a specified time period while turnover is the company's total revenue.
Aug 27, 2012 ... Sales turnover is the total amount of revenue generated by a business during the
calculation period. The concept is useful for tracking sales ...
To calculate asset turnover
, take the total revenue and divide it by the average assets for the period studied. If XYZ had $1 in assets in 2000 and $10 in assets in 2001, the average asset value for the period is $5 because $1+$10 divided by 2 = $5.) A quick exercise w... More »
Sales turnover, often called inventory turnover, refers to how often the company
sells all of its inventory. The more sales the company does, the higher the sales ...
Nov 18, 2015 ... sales turnover definition, meaning, what is sales turnover: the total amount of
money that a company receives from the sale of products or ...
Definition of turnover: Accounting: (1) The annual sales volume net of all
discounts and sales taxes. (2) The number of times an asset (such as cash,
SALES TURNOVER is the total amount sold within a stipulated time period,
usually 12 months. Sales turnover is usually expressed in monetary terms but
Asset Turnover = Sales or Revenues / Total Assets. Generally speaking, the
higher the asset turnover ratio, the better the company is performing, since higher