Business Metrics stock turnover days

5

2 years ago

Matthew Phillips

open0

We would love to see stock turnover days available to view by product and at all higher levels too.

Example of Inventory Turnover:
$8,150,000 of cost of goods sold in the past year, and ending inventory of $1,630,000. Total inventory turnover is calculated as:
$8,150,000 Cost of Goods Sold / $1,630,000 Inventory = 5 Turns Per Year
The 5 turns figure is then divided into 365 days to arrive at 73 stock turnover days.