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 gross turnover in the companies fostering cattle is expected to glide up the success ladder by 2025.
F) Must Have Proper Audited Balance Sheets For Last 3 Consecutive Financial Years, Duly Signed By The Appropriate Authority, Clearly Stating The Annual Gross Turnover Of Sales And Audit Report (For Individual/Partnership/Company/ Co-Operative Society Etc.
On a consolidated basis, the company achieved a gross turnover of Rs136.59bn, which was 9.6pc higher than earlier year's gross turnover at Rs124.68bn.
On a consolidated basis, the company achieved gross turnover of Rs136.59 billion, which was 9.6% higher as compared to last year's turnover of Rs124.68 billion.
The PWC report of 2016 puts the annual gross turnover of the industry in Kenya at $20 million (Sh2.1 billion).
At the same time, gross turnover of the company stood at Rs 17,744 crore with exports at Rs 6,955 crore as against Rs 18,746 crore with exports at Rs 5,128 crore.
Sh200 billionThe betting industry has grown from about S billion gross turnover five years ago to over Sh200 billion currently.
MANAMA: Nass Corporation achieved a gross turnover of BD182.77 million for the year ended December 2018, up five per cent year on year (YoY) from BD173.404m in 2017, on which it achieved a net profit attributable to equityholders of BD4.262m, up by 21pc YoY over BD3.525m for 2017.
Further, on a consolidated basis, the Company achieved gross turnover of PKR 67.85 billion which is 13.5% higher as compared to the same period last year's turnover of PKR 59.77 billion.
One year the gross turnover was PS130,000 and in another it was PS100,000, the court heard.
On consolidated basis, the Company achieved gross turnover of Rs 31.32 billion which is 9.2 percent higher as compared to the same period's turnover of last year amounting Rs 28.68 billion, said press release on Monday.
Further, on a consolidated basis, the Company achieved gross turnover of PKR 31.32 billion which is 9.2% higher as compared to the same period last year's turnover of PKR 28.68 billion.