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Montenegro Statistical Office IV Proleterske No 2, 81000 Podgorica +382 20 230 811 (fax) +382 20 230 814 contact@monstat.org mediji@monstat.org www.monstat.orgRelease date: 9 November 2022RELEASE

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How to fill out turnover index

01

Gather necessary financial data including total sales and any discounts or returns.

02

Determine the period for which you want to calculate the turnover index (monthly, quarterly, annually).

03

Calculate the gross turnover by subtracting discounts and returns from total sales.

04

Identify the relevant assets related to the turnover index (e.g., inventory or fixed assets).

05

Use the formula for the turnover index: Turnover Index = Gross Turnover / Average Assets.

06

Input the calculated values into the formula to obtain the turnover index.

Who needs turnover index?

01

Businesses wanting to analyze their sales efficiency.

02

Investors looking to assess the performance of a company.

03

Financial analysts conducting industry comparisons.

04

Management teams aiming to improve operational decision-making.

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What is turnover index?

The turnover index is a statistical measure that reflects the total sales or revenue generated by a business over a specific period, relative to its average total assets or liabilities.

Who is required to file turnover index?

Businesses and companies that meet certain revenue thresholds or are mandated by regulatory authorities are typically required to file the turnover index.

How to fill out turnover index?

To fill out the turnover index, businesses need to provide their total sales figures, average total assets or liabilities, and other relevant financial data as per the guidelines provided by the regulatory authority.

What is the purpose of turnover index?

The purpose of the turnover index is to assess business performance, measure productivity, and evaluate overall financial health, which can inform decision-making and regulatory compliance.

What information must be reported on turnover index?

The information that must be reported on the turnover index includes total sales revenue, average assets, liabilities, periods of reporting, and any other financial metrics specified by the regulatory guidelines.

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