Turnover calculation formula

Turnover (Revenue in American English, turnover in British English), also known as operating income and income, is a word used in business accounting, which refers to the income obtained by a company due to its normal business activities, usually by providing products and services; Interest, royalties, etc. The turnover generated by the company's cash deposited in the bank is usually included. Usually, the turnover is the revenue estimated by the company in money in a certain period of time.

Turnover is also called "running water".

In other words, only the total amount of your product or commodity in the transaction, this indicator does not remove the cost of purchase or raw materials.

The turnover of construction and installation projects refers to all the income collected from construction, installation, repair and decoration, and also includes the prices of raw materials, other materials and power used in construction, repair and decoration projects. When the value of installation equipment is taken as the output value of installation project, it also includes the price of installation equipment. However, if the construction general contractor subcontracts the project to others, its turnover does not include the price paid to the subcontractor or the subcontractor.