toon army 06 Posted May 24, 2012 Share Posted May 24, 2012 When you go to the richiest clubs list, you can see the turnover of each club. What does the turnover mean? Link to post Share on other sites More sharing options...
kb77 Posted May 25, 2012 Share Posted May 25, 2012 Revenue or gross income Link to post Share on other sites More sharing options...
toon army 06 Posted May 25, 2012 Author Share Posted May 25, 2012 Revenue or gross income Exsplain more its it how much moneys come in compared to how much has gone out? Link to post Share on other sites More sharing options...
Giggsidan Posted May 25, 2012 Share Posted May 25, 2012 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. Link to post Share on other sites More sharing options...
FrazT Posted May 25, 2012 Share Posted May 25, 2012 Turnover is gross income- everything that is earned/collected by the club before expenditure. Link to post Share on other sites More sharing options...
kb77 Posted May 25, 2012 Share Posted May 25, 2012 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 Link to post Share on other sites More sharing options...
Giggsidan Posted May 25, 2012 Share Posted May 25, 2012 I see. Well I stand corrected. I see those two years of business studies I did at college were worth it! Link to post Share on other sites More sharing options...
Blidly Posted May 25, 2012 Share Posted May 25, 2012 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 Link to post Share on other sites More sharing options...
Smurf Posted May 25, 2012 Share Posted May 25, 2012 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. Link to post Share on other sites More sharing options...
bolulu Posted May 25, 2012 Share Posted May 25, 2012 Turnover - total revenue received, before subtracting expenses. Gross profit - turnover, minus all working expenses. Net profit - Gross profit minus taxes. Link to post Share on other sites More sharing options...
toon army 06 Posted May 25, 2012 Author Share Posted May 25, 2012 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? Link to post Share on other sites More sharing options...
FrazT Posted May 26, 2012 Share Posted May 26, 2012 Turnover shown about other clubs will be for the last completed season. Link to post Share on other sites More sharing options...
Welshace Posted May 26, 2012 Share Posted May 26, 2012 yup.. turnover is all the money the club generated... BEFORE expenditure is taken into count Link to post Share on other sites More sharing options...
Tom2k8 Posted May 26, 2012 Share Posted May 26, 2012 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 Link to post Share on other sites More sharing options...
Cougar2010 Posted May 26, 2012 Share Posted May 26, 2012 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. Link to post Share on other sites More sharing options...
bolulu Posted May 28, 2012 Share Posted May 28, 2012 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! Link to post Share on other sites More sharing options...
FrazT Posted May 28, 2012 Share Posted May 28, 2012 Question has been answered and a this is not an accounting forum, I will close this. Link to post Share on other sites More sharing options...
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