Inventory Turnover Calculator

Posted by Dinesh on 16-04-2021T02:07

Inventory Turnover, Average Inventory Calculator

Formula:

AI = (BI + EI) / 2
IT = GSc / AI

Where,
AI = Average Inventory
BI = Beginning Inventory
EI = Ending Inventory
IT = Inventory Turnover
GSc = Cost of goods sold

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