The concept of an inventory turnover provides a number that symbolizes a measure of units sold compared to units on hand, or how well a company is managing inventory and generating sales from that inventory. It's an important component ofeffective supply chain management. Inventory turns are an...
Inventory turnover is the amount of times inventory is sold and replaced in a given period, like a year. The higher an inventory...
What is the inventory turnover rate?A.1.84B.2.02C.3.51D.4.68搜索 题目 What is the inventory turnover rate? A.1.84B.2.02C.3.51D.4.68 答案 C 解析收藏 反馈 分享
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Inventory turnover is an indication of how frequently a company sells its physical products. The turnover rate tells the business if its products sell quickly or slowly. That information, in turn, helps the company make business decisions.Start...
Inventory turnover is an indication of how frequently a company sells its physical products. The turnover rate tells the business if its products sell quickly or slowly. That information, in turn, helps the company make business decisions. ...
What is a good inventory turnover? What makes an inventory turnover rate “good” really depends on your industry, as different industries will have different sale seasons and different inventory turnovers. That being said, it is generally considered to be a good ratio if it is between 4 and...
Theinventory turnover ratiois calculated by dividing cost of goods sold by the average inventory for the period. Since most companies don’t actually compute an average inventory number of a regular basis, you can compute the average of theaccounting periodby adding the beginning and ending totals...
Applying the formula: inventory turnover example Using the formula and steps above let’s look at an inventory turnover example. 1. Let’s say a business’s cost of goods sold over a year is $100,000. 2. The inventory value at the beginning of the year is $30,000 and the inventory...
Inventory turnover is the ratio of how much a company has sold its products and replaced its supply during a specific period of time. Learn more...