Turnover what does it mean

[toon army 06]

When you go to the richiest clubs list, you can see the turnover of each club. What does the turnover mean?

[kb77]

Revenue or gross income

[toon army 06]

Revenue or gross income

Exsplain more its it how much moneys come in compared to how much has gone out?

[Giggsidan]

Yes I believe it is the money the club has made after expenses have gone out. So spend £100million and gain £120million and the turnover is £20million.

[FrazT]

Turnover is gross income- everything that is earned/collected by the club before expenditure.

[kb77]

Yes I believe it is the money the club has made after expenses have gone out. So spend £100million and gain £120million and the turnover is £20million.

Wrong, that would be net profit. Turnover is all the money you earn, then minus expenses, you have your net profit

[Giggsidan]

I see. Well I stand corrected. I see those two years of business studies I did at college were worth it!

[Blidly]

Turnover is gross income- everything that is earned/collected by the club before expenditure.

If you were looking at a normal business turnover would be sales etc. so on FM , thats player sales, ticket sales , prize money etc

[Eugene Tyson]

Yeh turnover is basically the gross income received by a business.

Profit is basically the amount of turnover that remains after expenses have been deducted.

[bolulu]

Turnover - total revenue received, before subtracting expenses.
Gross profit - turnover, minus all working expenses.
Net profit - Gross profit minus taxes.

[toon army 06]

Turnover - total revenue received, before subtracting expenses.
Gross profit - turnover, minus all working expenses.
Net profit - Gross profit minus taxes.

Oh i see now and so is the turnover i see now on the list for all the clubs, at the start or during a season from the season below?

[FrazT]

Turnover shown about other clubs will be for the last completed season.

[welshace]

yup.. turnover is all the money the club generated... BEFORE expenditure is taken into count

[Tom2k8]

Turnover - total revenue received, before subtracting expenses.
Gross profit - turnover, minus all working expenses.
Net profit - Gross profit minus taxes.

I was taught that Net Profit was Gross profit less any taxes and interest to be paid

[Cougar2010]

Turnover - total revenue received, before subtracting expenses.
Gross profit - turnover, minus all working expenses.
Net profit - Gross profit minus taxes.

I was taught that Net Profit was Gross profit less any taxes and interest to be paid

I don't know about where bolulu comes from but in the UK its technically:

Gross profit - Profit after direct expenses taken off
Net profit - Gross profit minus other indirect expenses

You'll also see in company accounts Net profit sometimes listed before tax and long term interest & then again after tax and long term interest.

[bolulu]

I don't know about where bolulu comes from but in the UK its technically:

Gross profit - Profit after direct expenses taken off
Net profit - Gross profit minus other indirect expenses

You'll also see in company accounts Net profit sometimes listed before tax and long term interest & then again after tax and long term interest.

Quite right!
Net profit does include other financial costs; I was just keeping the definitions as simple as I could.
I'm a Brit btw!

[FrazT]

Question has been answered and a this is not an accounting forum, I will close this.