Iceland is the second biggest fisheries nation in the North East Atlantic behind Norway, having overtaken the United Kingdom in the early 1990s. Since 2006, Icelandic fishing waters have yielded a total catch of between 1.1m and 1.4m tonnes of fish annually, although this is down from a peak of over 2m tonnes in 2003.
How to Calculate Employee Turnover by Month. Letâs revisit an employee turnover calculation I explained in my previous blog: monthly turnover. This turnover calculation can be used to learn more when employees leave in their first year. To calculate monthly employee turnover rates, divide the number of employee separations in one month by the average number of active employees at the worksite during the same period. Weâll say we have one site of operations. For example, letâs say we lose four employees out of 200.
Inventory turnover is ultimately expressed as the number of times you sold through inventory in a given period. Inventory turnover is costs of goods sold divided by your average inventory. Cost of goods includes your variable costs in acquiring and selling products. Average inventory is the value of your inventory during a given period. Food example, a cost of goods of $50,000 divided by average inventory of $25,000 equals a ratio of two. This means you turned over your inventory twice in a given period.