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.
To illustrate the inventory turnover ratio, letâs assume 1) that during the most recent year a companyâs Cost of Goods Sold was $3,600,000, and 2) the companyâs average cost in its Inventory account during the same 12 months was calculated to be $400,000. The companyâs inventory turnover ratio is 9 ($3,600,000 divided by $400,000) or 9 times.