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Screwfix Direct Limited, trading as Screwfix, is a retailer of trade tools, accessories and hardware products based in the United Kingdom. [6] Founded in 1979 as the Woodscrew Supply Company, the company was acquired in July 1999 by Kingfisher plc , which also owns B&Q , and is listed on the London Stock Exchange .
Churn rate (also known as attrition rate, turnover, customer turnover, or customer defection) [1] is a measure of the proportion of individuals or items moving out of a group over a specific period. It is one of two primary factors that determine the steady-state level of customers a business will support.
Its main retail brands are B&Q, Castorama, Brico Dépôt and Screwfix. [28] The companies now part of the Kingfisher group are: B&Q; operations in the United Kingdom and Ireland; Brico Dépôt; in France, Spain, Portugal and Romania; Castorama; in France and Poland; Koçtaş; 50% joint venture in Turkey; Screwfix; in the United Kingdom and Ireland
In accounting, the inventory turnover is a measure of the number of times inventory is sold or used in a time period such as a year. It is calculated to see if a business has an excessive inventory in comparison to its sales level. The equation for inventory turnover equals the cost of goods sold divided by the average inventory.
Commercial revenue may also be referred to as sales or as turnover. Some companies receive revenue from interest , royalties , or other fees . [ 2 ] " Revenue" may refer to income in general, or it may refer to the amount, in a monetary unit , earned during a period of time, as in "Last year, company X had revenue of $42 million".
By each working over sixty-hour, six-day weeks, they were able to repay their bank overdraft within six months of opening, with turnover reaching £1 million within the first five years of operating. [5] The chain quickly expanded, and by 1979, there were 26 shops across the United Kingdom. [6] Co-founder Block left the company in 1976.
An alternative motivation theory to Maslow's hierarchy of needs is the motivator-hygiene (Herzberg's) theory. While Maslow's hierarchy implies the addition or removal of the same need stimuli will enhance or detract from the employee's satisfaction, Herzberg's findings indicate that factors garnering job satisfaction are separate from factors leading to poor job satisfaction and employee turnover.
A turnover tax is similar to VAT, with the difference that it taxes intermediate and possibly capital goods. It is an indirect tax, typically on an ad valorem basis, applicable to a production process or stage. For example, when manufacturing activity is completed, a tax may be charged on some companies.