Inventory Turnover Calculator
Inventory is a term that refers to raw materials for production. The Inventory turn over is Equal to Cost of good sold divided to average inventory.
Inventory turnover = COGS / Average inventory
Let us consider,
- COGS – the Cost of Goods Sold (COGS), and the turnover ratio.
- Average Inventory – The income statement of the year ,respectively.
Average inventory = (Beginning inventory + Ending inventory) / 2
- The inventory at the beginning and end of the fiscal year
Beginning inventory = 4900$
Ending inventory = 6000$
COGS 2019 = 1,7000$
inventory turnover calculate
Inventory turnover = 3.12
Inventory days = 117
Broadcom (NASDAQ: AVGO)
Beginning inventory = 1,125$
Ending inventory = 875$
COGS 2019 = 6,725$
The inventory turnover ratio formula Calculate
Inventory turnover = 6.73
Inventory days = 54