Inventory Turnover

on . Posted in Project Management Engineering

Inventory turnover, abbreviated as IT, is the number of times a business sells or uses inventory over the course of a defines time period.


inventory turnover Formula

\(\large{ IT =  \frac{ COGS }{ AVI }   }\)
\(\large{ IT }\) = inventory turnover
\(\large{ AVI }\) = average value of inventory
\(\large{ COGS }\) = cost of goods sold


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