turnover financial definition
BREAKING DOWN 'Turnover'. 1. In accounting, turnover often refers to inventory or accounts receivable. A quick turnover is desired because it means that inventory is not sitting on the shelves for too long.2.In a portfolio, a small turnover is desired because it means the investor is paying less in commissions to the broker.n accounting, turnover often refers to inventory or accounts receivable. A quick turnover is desired because it means that inventory is not sitting on the shelves for too long. 2. In a portfolio, a small turnover is desired because it means the investor is paying less in commissions to the broker.