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Churn rate (also known as attrition rate, turnover, customer turnover, or customer defection) [1] is a measure of the proportion of individuals or items moving out of a group over a specific period. It is one of two primary factors that determine the steady-state level of customers a business will support.
A low turnover rate may point to overstocking, [2] obsolescence, or deficiencies in the product line or marketing effort. However, in some instances a low rate may be appropriate, such as where higher inventory levels occur in anticipation of rapidly rising prices or expected market shortages.
Cell turnover, the replacement of old cells with newly generated ones; Lake turnover, when the waters in a lake ecosystem begin to mix again to create a uniform temperature; Population turnover, measure of gross moves in relation to the size of a population; Substance turnover, or biogeochemical cycle, a pathway by which a chemical substance moves
Discover how the fixed asset turnover ratio reveals a company’s efficiency in generating revenue from fixed-asset investments.
In finance, asset turnover (ATO), total asset turnover, or asset turns is a financial ratio that measures the efficiency of a company's use of its assets in generating sales revenue or sales income to the company. [1]
External turnover, on the other hand, refers to cases in which the worker and employer separates, whether voluntary or involuntary. [9] Skilled vs Unskilled turnover: uneducated and unskilled employees often have a high turnover rate, and they can generally be replaced without the organization or company suffering a loss of performance. The ...
A mutual fund turnover ratio refers to how often the underlying … Continue reading ->The post Mutual Fund Turnover Ratio: What It Is and Why It Matters appeared first on SmartAsset Blog.
For example, “a decade ago, if someone looked for turnover rate by performance category, it could be a two-week project.” With HR metrics, more specifically Retention metrics, HR leaders are able to quantify variables such as turnover rate, average tenure, the rate of veteran worker, or the financial impact of employee turnover.