Inventory Turnover Calculator
Match cost of goods sold, average inventory and days to the same period; days divided by turnover gives inventory days.
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Match cost of goods sold, average inventory and days to the same period; days divided by turnover gives inventory days.
Worked example
Inputs
- Cost of goods sold in period: 240,000
- Average inventory in period: 30,000
- Days in period: 360
Results
- Inventory turnover: 8
- Inventory days: 45
Match cost of goods sold, average inventory and days to the same period; days divided by turnover gives inventory days.
Reviewed:Common uses
Match cost of goods sold, average inventory and days to the same period; days divided by turnover gives inventory days.
BEHIND THE NUMBERSFormula & assumptions
turnover = cogs / avginventory; inventorydays = days / turnover
Match cost of goods sold, average inventory and days to the same period; days divided by turnover gives inventory days.