Money going out = outgoings = expenditure
Money coming in = incomings = revenue
Expenditure + revenue = turnover
In an accounting period, usually 1 year:
If revenue = expenditure, company "broke even"
If revenue > expenditure, company made a profit
If revenue < expenditure, company made a loss
If a company's expenditure in a year was $1,000,000 and its revenue was $1,200,000 then it made a profit of $200,000 on a turnover of $1,200,000.