Janani anandan answered question 3/14/2007 What Does "Turnover Of A Company" Refers To In General? Eg: When Suppose In Any Definition It Says That If Company Turnover Is More Than 1 Crore Then It Should Be Taxed Turn over is the total sales of the companies product . The profit would be noticed only after that. Net profit is what you get after all the expenditures and taxes.