Umsetning

Umsetning is a Norwegian noun that is most often encountered as a variant spelling of omsetning. In modern bokmål, omsetning is the standard form, and umsetning is most frequently found in older texts, dialects, or as a spelling variant. The term is primarily used in business and economic contexts.

In business usage, umsetning refers to turnover or revenue: the total value of goods and services a company sells during a specific period. It serves as a measure of market activity and company size and is typically reported in financial statements as sales income. It is distinct from profit, since it does not account for costs, taxes, or returns. In accounting language the concept may appear as netto-omsetning or brutto-omsetning, reflecting different treatments of deductions.

Historically, omsetning (and by extension umsetning in certain spellings) also had senses connected to conversion or rendering: to omsette a text means to translate or render it into another language, and to omsette a value or unit means to convert it. These senses are now less common in everyday Norwegian but appear in older literature or discussions of language history. In contemporary use, the economic sense is the most widespread, while the form umsetning survives mainly as a regional or historical variant.