Turnover
2 July 2021
Turnover (also referred to as revenue or sales) is simply the income that a company receives from its normal business activities, usually the sale of goods and or services.
In accounting terms revenue represents the “top line,” to denote how it is reported on an income statement (at the very top). The “bottom line,” denotes net profit (what is left from the revenues once all expenses are deducted).
Generally turnover might be understood as income received by an organisation in the form of cash or cash equivalents. However sales revenue can be described as income received from selling goods or services over a given period of time.
Total Turnover = Price of goods or services x Quantity sold
Related Articles
The Important Difference Between Agentic AI And AI Agents
By now, “smart” versions exist of just about every home appliance, gadget and gizmos we can think of. However, manufacturers continue[...]
Why Trust Is The Missing Ingredient In Your AI Strategy
By now, “smart” versions exist of just about every home appliance, gadget and gizmos we can think of. However, manufacturers continue[...]
Forget ChatGPT: Why Agentic AI Is The Next Big Retail Disruption
By now, “smart” versions exist of just about every home appliance, gadget and gizmos we can think of. However, manufacturers continue[...]
OpenAI’s GPT-5 Is Coming: Here’s What We Know So Far
By now, “smart” versions exist of just about every home appliance, gadget and gizmos we can think of. However, manufacturers continue[...]
6 Powerful AI Prompts That Will Help You Learn And Ace Exams (Without Cheating)
By now, “smart” versions exist of just about every home appliance, gadget and gizmos we can think of. However, manufacturers continue[...]
5 Fatal GenAI Mistakes That Could Destroy Your Business In 2025
By now, “smart” versions exist of just about every home appliance, gadget and gizmos we can think of. However, manufacturers continue[...]
Sign up to Stay in Touch!
Bernard Marr is a world-renowned futurist, influencer and thought leader in the fields of business and technology, with a passion for using technology for the good of humanity.
He is a best-selling author of over 20 books, writes a regular column for Forbes and advises and coaches many of the world’s best-known organisations.
He has a combined following of 4 million people across his social media channels and newsletters and was ranked by LinkedIn as one of the top 5 business influencers in the world.
Bernard’s latest book is ‘Generative AI in Practice’.
Social Media