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 ?
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 establishing up these units is key to fruition of the intention of the state government's new ICT (Information and Communication Technology) Policy-2014, which intends to get a gross turnover of USD four billion by 2020 and 60000 direct employment in 800 IT, ITes and Electronic System Design and Manufacturing sectors in the targeted period.
The company's gross turnover increased by 41 percent year-on-year in the first six months of 2014, to USD 2.
The gross turnover achieved for the fourth quarter of last year was BD19.
With almost 35,000 employees Globus generates an annual gross turnover of over 6 billion Euros.
In the business year 2012/13, it achieved gross turnover of[euro]394 million.
Earlier this year, The Journal reported that the new venture would bring the number employed by the David Kennedy empire to more than 40, and was estimated to push annual gross turnover for the combined businesses to nearly PS1.
Announcing the results, Nass Corporation chairman Abdulla Ahmed Nass said the company had achieved a gross turnover of BD23.
com)-- With 3400 employees, BNP Paribas Real Estate achieved a gross turnover of €658 million and profit of €156 million for 2011.
Based on gross gambling yield - gross turnover less the amount paid out to players as winnings - Macau's estimated casino revenues in 2011 rose by 42 per cent to US$33.