1. amount of business a company does in a period of time, rate at which employees leave and are replaced
good management resulted in a large turnover
'Turnover' is a noun which usually refers to the amount of money received or taken in by a business over a period of time. You can talk about the 'turnover for this quarter' or the 'annual turnover' of a business or a trader. Staff 'turnover' is the number of employees who leave a workplace or place of employment in a particular time period. High staff turnover is usually an indication of poor management or compensation for employees. The 'turnover' of goods in a shop refers to the rate at which products or goods are sold and replaced, high turnover, in this case, is positive as it means that there is a high rate of sales. A 'turnover' can also mean a pastry or cake, usually filled with fruit, such as 'an apple turnover'.