Define: Total Turnover

How is Total Turnover defined in a legal contract?

• Total Turnover means the combined revenue from all goods produced by a dealer across all business locations. This also includes the value of goods transferred or shipped outside the region, regardless of whether or not such revenue is taxable. In addition, it includes the revenue generated from interstate trade, as well as from import and export activities. Seen in 6 SEC filings
• Total Turnover means the sum total of the value of good sold. Seen in 5 SEC filings
• Total Turnover means the combined revenue from all goods sold, irrespective whether such sales are taxable, at all the dealer’s business locations. This also includes the turnover from transactions in [section], and the gross amount received or receivable for contract work. Seen in 4 SEC filings
• Total Turnover means the total of all receipts by an applicant during the period covered by the applicant’s latest audited accounts. Seen in 2 SEC filings

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of total turnover' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Total Turnover means the sum total of the revenue from all goods produced and sold by a business, including from transactions and export activities.

Relevant Contract Types

• Supply Agreements
• Sales Agreements
• Franchise Agreements
• Distribution Agreements
• Partnership Agreements

Relevant Circumstances

• Determining royalty or franchise fees
• Assessing performance of a sales or supply agreement
• Setting thresholds for performance-based bonuses or incentives
• Negotiating terms of a partnership agreement

Relevant Sectors

• Retail
• Manufacturing
• Franchising
• Supply Chain Management

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Genie Definition 2

• Total Turnover means all receipts acquired by a [business] during the period covered by the [business's] latest audited accounts.

Relevant Contract Types

• Investment Agreements
• Merger and Acquisition Agreements
• Shareholder Agreements

Relevant Circumstances

• Valuating a company's worth during mergers or acquisitions
• Specifying financial condition thresholds in credit agreements
• Determining profit-sharing ratios in a shareholder agreement

Relevant Sectors

• Investment Banking
• Private Equity
• Corporate Finance

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