Gross Turnover

Gross Turnover

 

in industrial enterprises (gross production turnover), the total value of all types of production turned out over a definite period of time (for example, one year) in all shops of the industrial establishment (regardless of whether the products are consumed internally or distributed outside of the enterprise).

Gross turnover characterizes the enterprise’s productive activity (as distinct from gross production, which indicates the volume of completed work, and, in several branches, alteration of the remains of incomplete production). Gross turnover exceeds the gross product calculated by plant methods by the magnitude of internal (intraplant) production turnover, that is, the total value of those products that went on for further processing in the same enterprise. In other words, gross turnover consists of a repeated calculation of this magnitude. In the economic and statistical practice of industrial establishments in the USSR, the gross turnover index is not calculated separately; however, a greater or lesser part of gross turnover is frequently included in the index of the gross production of several sectors of industrial enterprises for the purpose of obtaining data that more precisely reflect the volume of activity in their enterprises. Thus, in a textile factory, gross production includes the value of all processed yarn; in sugar refineries, gross production includes the value of all processed granulated sugar (including that which was internally processed into refined sugar).

S. M. NIKITIN

References in periodicals archive ?
5 Turnover: The Bidder should have minimum gross turnover of Rs.
For the year ended 31 December 2016, the gross turnover of the continuing operations of Aguirre Newman was EUR 69m.
Financial experts also mentioned that Bestway Cement registered gross turnover of Rs18.
I am sorry if some regard this as prejudice; from my perspective, altruism can only be spread so far, and I have no inclination to help those contractors who take their profit / share from gross turnover.
He said the article did not reflect the loss that his company incurred in FY 2015-16, and that the net profit and gross turnover for the said financial year was "wilfully and mala fidely" delinked into two different unconnected paragraphs.
Despite a decline in volume, the gross turnover has increased as a result of the excise led price increases in June and December 2015.
Laws could force bookies to pay 1% of gross turnover if there is no voluntary deal.
The enterprise is believed to have been operating for at least two years and could have had a potential gross turnover of more than PS1m, Cheshire Police said.
The advertisement says the Queens has an "excellent seafront location" opposite New Brighton's Marine Point development and had a gross turnover of approximately PS1m this year.
b) To pay minimum tax @ 8% of the gross turnover and entitled to carry forward this minimum tax if it exceeds the actual tax payable after assessment.
the company's gross turnover in the year ended March 2015.
The company's gross turnover increased by 41 percent year-on-year in the first six months of 2014, to USD 2.