Inventory Turnover Calculator
Calculate inventory turnover ratio and days of inventory
Enter Inventory Data
CSV: parameter,value — costOfGoodsSold, averageInventory, periodDays. After Solve, also Export results CSV.
Theory of Inventory Turnover
Example Problem:
COGS: $500,000
Average Inventory: $50,000
Solution:
Inventory Turnover = $500,000 / $50,000 = 10 times
Days of Inventory = 365 / 10 = 36.5 days
1. What does a high inventory turnover ratio indicate?
2. How is days of inventory calculated?