Inventory Turnover Calculator
Calculate the inventory turnover.
About Inventory Turnover Calculator
The Inventory Turnover Calculator is used to calculate the inventory turnover.
Inventory Turnover Definition
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 as the cost of goods sold divided by the average inventory.
Inventory Turnover Formula
The inventory turnover calculation formula is as follows:
Inventory turnover = Average cost of goods sold / Average inventory
The formula for average inventory is as follows:
Average inventory = (Beginning inventory + Ending inventory) / 2
References
1. http://en.wikipedia.org/wiki/Inventory_turnover
Reference this content, page, or tool as:
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