What is turnover in business and how do you calculate it?

What is turnover in business and how do you calculate it?

Understanding how well your business is doing might not be an exact science, but business turnover is one of the markers you can use to get a good idea. But while business turnover is a useful measure of success, it’s often confused with profit. So how do you work it out? This article explains what business turnover is and guides you through calculating it. What is business turnover? Turnover vs revenue – are they the same? Gross vs net turnove…