Gross Turnover

in industrial enterprises (gross production turnover), the total value of all types of production turned out over a definite period of time (for example, one year) in all shops of the industrial establishment (regardless of whether the products are consumed internally or distributed outside of the enterprise).

Gross turnover characterizes the enterprise’s productive activity (as distinct from gross production, which indicates the volume of completed work, and, in several branches, alteration of the remains of incomplete production). Gross turnover exceeds the gross product calculated by plant methods by the magnitude of internal (intraplant) production turnover, that is, the total value of those products that went on for further processing in the same enterprise. In other words, gross turnover consists of a repeated calculation of this magnitude. In the economic and statistical practice of industrial establishments in the USSR, the gross turnover index is not calculated separately; however, a greater or lesser part of gross turnover is frequently included in the index of the gross production of several sectors of industrial enterprises for the purpose of obtaining data that more precisely reflect the volume of activity in their enterprises. Thus, in a textile factory, gross production includes the value of all processed yarn; in sugar refineries, gross production includes the value of all processed granulated sugar (including that which was internally processed into refined sugar).