Meaning of the word stocktake in English

What does stocktake mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

stocktake

UK /ˈstɒkteɪk/

Verb

to count the goods and materials owned by a company or available for sale in a store at a particular time:

Example:
How often you need to stocktake is different for every business.

Noun

an occasion on which the goods and materials owned by a company or available for sale in a store at a particular time are counted:

Example:
It is our stocktake and everyone is busy.