Inventory Turnover Calculator Online

Inventory Turnover Calculator

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.

 formula us,

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

Average inventory = (Beginning inventory + Ending inventory) / 2

  • The inventory at the beginning and end of the fiscal year
    Calculate the  Inventory TurnOver

     

    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

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