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What does stocktaking mean?

Looking for the meaning or definition of the word stocktaking? Here's what it means.

Noun
  1. the act of taking an inventory of merchandise etc.
  2. the reappraisal of a situation or of one's prospects
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Examples
And while that is going on in the corporate world, as individuals, our personal financial health also needs stocktaking!
When he was around I used to help him with the stocktaking and with his gardening and help run the youth club committee.
The Act requires, does it not, that the accounting, as it were, or the stocktaking, using a loose term, be done on that date.
In fact, it was a night of stocktaking, celebrating and rejoicing but it was tinged with a distinct feeling of sadness.
That this is just a halt, a time for stocktaking, for things to grow and reveal themselves.
At the time, governments were struggling to meet increased demands for service with limited funding and a stocktaking seemed appropriate.

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