How Do You Spell ACTUAL TURNOVER?

Pronunciation: [ˈakt͡ʃuːə͡l tˈɜːnə͡ʊvə] (IPA)

The spelling of the phrase "actual turnover" is quite simple, as it is pronounced just as it is written. The first word, "actual," is spelled using the IPA symbols /ˈæk.tʃu.əl/, with stress on the first syllable. The second word, "turnover," is spelled using the IPA symbols /ˈtɜː.nəʊ.vər/, with stress on the second syllable. The phrase refers to the total amount of money or goods that a company sells during a particular period of time.

Meaning and Definition
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ACTUAL TURNOVER Meaning and Definition

  1. Actual turnover refers to the total revenue or sales generated by a business or organization during a specific period, such as a financial year. It is a measure of the actual amount of money received from the sale of goods or services, excluding any deductions or discounts.

    Actual turnover is derived from the actual number of units sold multiplied by their respective selling prices. This figure represents the raw income earned by the business and serves as a key indicator of its financial performance. It reflects the true value of goods or services sold, without considering any outstanding payments or unpaid invoices.

    Actual turnover is commonly used by businesses to track their sales volume, evaluate their market share, and gauge their growth and success. It helps managers and stakeholders assess the effectiveness of marketing strategies, pricing policies, and customer demand.

    Tracking actual turnover is essential for making informed business decisions, planning budgets, and evaluating the profitability of different product lines or business segments. It can also be compared to projected or budgeted turnover to gauge performance against targets or forecasts.

    Overall, actual turnover is a crucial financial metric that provides a snapshot of a business's revenue generation and forms the basis for understanding its financial health, growth prospects, and market competitiveness.

Etymology of ACTUAL TURNOVER

The etymology of the phrase "actual turnover" can be understood by breaking down the individual words:

1. "Actual": This word is derived from the Latin word "actus", which means "a doing" or "performance". Over time, it evolved in English to mean "real" or "existing in fact".

2. "Turnover": This term has its roots in Old English and Middle English. It combines the words "turn" and "over", indicating a process of rotating or flipping. In the context of business, "turnover" refers to the total value of goods or services sold by a company within a specific period.

When combined, "actual turnover" refers to the real or factual value of goods or services that have been sold or transferred within a particular time frame.