Is Turnover Income Minus Expenses

Therefore when a company is said to have top line growth the company s revenue is growing.

Is turnover income minus expenses. Profit is a measure of earnings once all costs have been deducted and for the sake of clarity there are two ways of measuring profit. Profit on the other hand refers to your earnings that are left after any expenses have been deducted. Turnover in a business is not the same as profit although the two are often confused. Gross profit and net profit.

Your turnover is your total business income during a set period of time in other words the net sales figure. Net income is revenue minus expenses. Net income equal to revenues minus expenses. Revenue is also called net sales which is revenue minus any returns of purchased merchandise.

Turnover is the total income the business generates over a specified period such as a quarter half year or end of year. Assets minus liabilities is net worth. It s worth noting that there are two different ways profit can be measured. Your turnover is your total business income during a set period of time in other words the net sales figure.