<-- Beginning Inventory
<-- Ending Inventory
<-- Cost of Goods Sold
  

How does the Inventory Turnover and Average Inventory Calculator work?
Free Inventory Turnover and Average Inventory Calculator - Calculates inventory turnover ratio and average inventory
This calculator has 3 inputs.

What 3 formulas are used for the Inventory Turnover and Average Inventory Calculator?

Average Inventory = (Beginning Inventory + Ending Inventory)/2
Inventory turnover ratio = Cost of Goods Sold/Average Inventory
Average days to sell the inventory = 365/Inventory Turnover Ratio

For more math formulas, check out our Formula Dossier
What 3 concepts are covered in the Inventory Turnover and Average Inventory Calculator?
cost
an amount that has to be paid or spent to buy or obtain something
inventory
a complete list of items such as property, goods in stock, or the contents of a building
turnover



Inventory Turnover and Average Inventory Calculator Video