Inventory Turnover
Compare cost of goods sold with average inventory.
Your numbers
Inventory turnover
Business ratio based on your consistent-period inputs. Accounting definitions and industry comparisons may differ.
Scenario comparison
Up to three snapshots in this tab. Loading one replaces the current inputs.
Formula
Use T = C/I and D = d/T. C is cost of goods sold for the period, I is average inventory, and d is days in that period. T is turnover and D is inventory days.
Compare cost of goods sold with average inventory.
Worked example
- Cost of goods sold in period
- 600000
- Average inventory
- 100000
- Days in period
- 365
- Inventory turnover
- 6 times
- Inventory days
- 60.8333333333 days
Scope and limitations
Business ratio based on your consistent-period inputs. Accounting definitions and industry comparisons may differ.
Inputs are checked for missing values and allowed ranges. A result outside the finite numeric range is not displayed. Rounding affects display, while the calculation uses the model’s numeric precision.
Check your units and assumptions before relying on a result. Changing a label does not convert a currency or physical unit.
Formula version: 48c436358727 · Example checked: