How To Calculate Inventory Turnover Ratio | 11 Tips To Increase Inventory Turnover For Business
SurveySparrow
MAY 15, 2021
Let’s cut straight to the chase. The number of times inventory is sold or consumed during a given period is called inventory turnover and is represented in ratios. It is also called the stock turn, stock turnover, inventory turns, inventory turnover formula, and you arrive at it by dividing the cost of goods sold by average inventory. . Inventory turnover helps businesses make smarter business decisions on manufacturing, pricing, marketing, manufacturing and replenishing their inventory. .
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