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In accounting, the inventory turnover is a measure of the number of times inventory is sold or used in a time period such as a year. It is calculated to see if a business has an excessive inventory in comparison to its sales level. The equation for inventory turnover equals the cost of goods sold divided by the average inventory.
The inventory turnover ratio can direct timing and size of reorders, identify slow-selling products to mark down for quick sale and inform individual item purchasing decisions. How to Calculate ...
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Average Days to Sell Inventory = Number of Days a Year / Inventory Turnover Ratio = 365 days a year / Inventory Turnover Ratio This ratio estimates how many times the inventory turns over a year. This number tells how much cash/goods are tied up waiting for the process and is a critical measure of process reliability and effectiveness.
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The inventory turnover ratio, also sometimes called stock turns or inventory turns, helps retailers monitor and manage inventory. ... Continue reading ->The post How to Calculate Inventory ...
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