Turnover what does it mean

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

Revenue or gross income

Revenue or gross income

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

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.

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

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

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

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

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.

Turnover - total revenue received, before subtracting expenses.

Gross profit - turnover, minus all working expenses.

Net profit - Gross profit minus taxes.

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?

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

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

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

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.

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!

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