Definition of Turnaround:
Turnarounds are important because they mark an upward shift or improvement for an entity after it experiences a significant period of negativity. The turnaround is akin to a restructuring process where the entity converts the period of loss into one of profitability and success while stabilizing its future. In investing, the term can mean the amount of elapsed time between the placing and fulfilling of an order.
Positive, sustained reversal of hitherto prevailing negative conditions, or in the performance of an economy, firm, industry, or market.
When a company that has experienced a period of poor performance moves into a period of a financial recovery, it's called a turnaround. A turnaround may also refer to the recovery of a nation or region's economy after a period of recession or stagnation. Similarly, it can refer to the recovery of an individual whose personal financial situation improves after some time.
An abrupt or unexpected change, especially one that results in a more favorable situation.
A space for vehicles to turn around in, especially one at the end of a driveway or dead-end street.
The process of completing or the time needed to complete a task, especially one involving receiving something, processing it, and sending it out again.
Synonyms of Turnaround
About-face, About-turn, Afterthoughts, Back track, Back trail, Backing, Backing off, Backing out, Backing up, Backup, Better thoughts, Change of mind, Flip, Flip-flop, Mature judgment, Reversal, Reverse, Reversing, Reversion, Right-about, Right-about-face, Second thoughts, Swingaround, Tergiversating, Tergiversation, Turnabout, Volte-face, Change, Move
How to use Turnaround in a sentence?
- To create a turnaround, an entity must acknowledge problems, consider changes, and develop and implement a problem-solving strategy.
- Profits had been low in previous quarters, but with the economical turnaround sales have skyrocketed and profits have greatly increased this last quarter.
- A turnaround is the financial recovery of a poorly performing company, economy, or individual.
- Turnarounds are important as they mark a period of improvement while bringing stability to an entity's future.
- Whether you hire our investigator to do a simple surveillance case, or a full-blown background and workmans compensation case, he has a very quick turnaround time for results.
- A seven-day turnaround.
- It was a remarkable turnaround in his fortunes.
- Already a new hard standing area for lorry turnarounds has been laid at Rolawns Elvington headquarters where the York depot will be based.
- With how bad the economy has been in recent years, our company has lost a lot of money, but, hopefully, a turnaround will come very soon, and well be able to stay in business.
Meaning of Turnaround & Turnaround Definition