MENU
SHOP
Help
Apps
Games
Facebook Group
Subjects
Inventory Turnover and Average Inventory Calculator
<-- Beginning Inventory
<-- Ending Inventory
<-- Cost of Goods Sold
How does the Inventory Turnover and Average Inventory Calculator work?
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