Inventory Turnover Ratio Calculator
Inventory Turnover Ratio Calculator | ||
---|---|---|
Parameter | Description | Example Value |
Cost of Goods Sold (COGS) | The total cost of goods sold during the period. | $300,000 |
Average Inventory | The average inventory held by the company. | $50,000 |
Inventory Turnover Ratio | The ratio of COGS to average inventory. Formula: COGS / Average Inventory |
6.0 |