To find the area of a circular sector when given an angle of $240^{\circ}$, first determine the angle inside the sector, which is $120^{\circ}$. This angle represents one-third of the full circle, as calculated by $120/360$. Consequently, the area of the sector is also one-third of the total area of the circle. The generalized formula for the area of a sector with angle $\theta$ in radians is $A = \frac{1}{2} \theta r^2$. Understanding these relationships allows for easier calculations of sector areas.