What is Turnover of a Company and its Effects cheggindia.com

In the accounting world, the word ‘Turnover’ is used frequently. Many people need clarification regarding what is turnover of a company. Turnover reflects how quickly a business performs its operations and earns revenue. A company is profitable when it has a high turnover rate.

Annual turnover is an important part of all businesses. It would help you to understand how well your company is performing.