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| Definitions by InvestorWords.com |
| What is...? |
| turnover For a company, the ratio of annual sales to inventory; or equivalently, the fraction of a year that an average item remains in inventory. Low turnover is a sign of inefficiency, since inventory usually has a rate of return of zero. here also called inventory turnover. For a mutual fund, the number of times per year that an average dollar of assets is reinvested. see also accounts receivable turnover, asset turnover, capital turnover, portfolio turnover. |
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