stocktake noun2 •The process of making an inventory of stock in a store or other location.Patrick Barkham attends the annual stocktake at London Zoo, and things are getting confusing — 2009 •(UK) The act or process of taking stock of something, or the result of that assessment.Ben closed his eyes tightly for a quick stocktake of the situation as his heart and mind. — 2009 formsstocktakes