Meaning of the word "It's time" in English

What does "It's time" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

It's time

US /ɪts taɪm/
UK /ɪts taɪm/

Phrase

used to say that something should happen now

Example:
It's time to go home.
It's time for dinner.