Turnover example sentences
Higher turnover means better utilisation of resources.High rate of turnover compels management to go for new recruitment and training which involve additional investment of money, time and effort.Motivation helps to reduce employee turnover and thereby saves the cost of new recruitment and training.The turnover ratios basically exhibit the activity levels characterised by the capacity of the business to make more sales or turnover.The turnover ratios basically exhibit the activity levels characterised by the capacity of the business to make more sales or turnover and include Stock Turnover, Debtors (Receivable) Turnover, Creditors (Payable) Turnover, Working Capital Turnover, Fixed Assets Turnover, and Current asset Turnover.Utilisation of capital employed or, for that matter, any of its components is revealed by the turnover ratios.In spite of these limitations, with the growth in the economy, vending machines have a promising future in retail sales of high turnover and low priced consumer products.Licensor/franchiser is paid by the licensee/franchisee by way of fees fixed in advance as a percentage of production or sales turnover.Creditors turnover ratio indicates the pattern of payment of accounts payable.The turnover of a store should be high so that the overheads are kept under reasonable level.The distribution cost is, therefore, lower; The prices of the products are generally lower than other types of retail stores because of bulk purchasing, lower operational cost, and low profit margins; The goods are sold on cash basis only; and The super markets are generally located at central locations to secure high turnover.Similarly, inventory turnover ratio may be 6 which implies that inventory turns into sales six times in a year.ending machines can be useful for selling pre-packed brands of low priced products which have high turnover and which are uniform in size and weight.The average period of payment can be worked out by days/months in a year by the turnover rate.This ratio also helps in working out the average collection period, ratio calculated by dividing the days/ months in a year by debtors turnover ratio.
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