An apprentice, in any trade, who is handed over from one master to another to complete his time.
(1) For markets, it is the volume of shares traded for a period as a percentage of the total shares listed. (2) For mutual funds, it is a measure of trading activity during the previous year, expressed as a percentage of the average total assets of the fund. (3) For accounting, it is the number of times a given asset is replaced during an accounting period. (4) For corporate finance, it is the ratio of annual sales to net worth. (5) For portfolios, it is the rate at which securities from the portfolio are exchanged for other securities of the same class.
Mutual Funds: A measure of trading activity during the previous year, expressed as a percentage of the average total assets of the fund. A turnover ratio of 25% means that the value of trades represented one-fourth of the assets of the fund. Finance: The number of times a given asset, such as inventory, is replaced during the accounting period, usually a year. Corporate: The ratio of annual sales to net worth, representing the extent to which a company can growth without outside capital. Markets: The volume of shares traded as a percent of total shares listed during a specified period, usually a day or a year. Great Britain: total revenue.