Inventory Period Calculator

About Inventory Period Calculator

The Inventory Period Calculator is used to calculate the inventory period.

Inventory Period Definition

In accounting, the inventory period is a measure of the average number of days inventory is held, calculated by dividing the inventory by the average daily cost of goods sold. It is also called days in inventory.

Inventory Period Formula

The inventory period calculation formula is as follows:

Inventory Period = 365 × Average Inventory / Annual Cost of Goods Sold

The inventory period also can be calculated as 365 divided by inventory turnover:

Inventory Period = 365 / Inventory Turnover

The formula for average inventory is as follows:

Average inventory = (Beginning inventory + Ending inventory) / 2

Related MiniWebtools:

Efficiency Calculators:

• Average Collection Period Calculator
• Debtor Days Calculator
• Fixed Asset Turnover Calculator
• Inventory Period Calculator
• Inventory Turnover Calculator
• Receivables Turnover Ratio Calculator
• Revenue Per Employee Calculator
• Total Asset Turnover Calculator