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Home > QFINANCE Dictionary > Definition of gross turnover

Definition of

gross turnover

Accounting

total turnover all of a business's income less statutory allowances, and other taxes on this income

gross turnover - Related Articles
  • Data-Driven Continuous Risk Assessment: How Internal Audit Keeps Pace with the Speed of Business

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    systems and should be interrogated as part of the risk assessment. Examples of KPI queries include actual vs. budgeted financial performance (e.g. quarterly sales), actual vs. budgeted operational performance (e.g. number of new customers), gross or net profit margins, and employee turnover, among many
    By Joe Oringel

  • Value Creation—Perspectives and Implications

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    Circulating capital. In the example, it takes 60 days for money to complete one trip through the cycle. Using a 360-day year for convenience, we could circulate the same money six times during the year. Many call this a “turnover” of 6.0. If we take money out of cash and send it through the cycle
    By John C. Groth

  • Creating a Profit and Loss (P&L) Account

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    the financial reports of two different companies to be compared. Note that in the United Kingdom and several other nations, sales, revenues, and receipts may all be designated as turnover.

  • Monaco

    QFINANCE Country Profiles

    Very little information on Monaco’s economy is available. Official economic statistics are not published. However, according to a US State Department report released in March 2010, which cited estimates for 2006, gross domestic product amounted to US$6.086 billion.

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Definitions of ’gross turnover’ and meaning of ’gross turnover’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’gross turnover’ and other financial terms with our online QFINANCE Financial Dictionary.

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