Inventory Management
Inventory Turnover Calculator
Measure how efficiently your inventory is being sold and replaced.
Cost of Goods Sold
Total COGS
$
Total cost of goods sold during the period
Average Inventory
Beginning Inventory
$
Inventory value at the start of the period
Ending Inventory
$
Inventory value at the end of the period
Time Period (Days)
Days in Period
days
Number of days in the measurement period (typically 365 for annual)
Turnover
0x
Inventory Turnover
0x
times per year
Average Inventory
$0
Days in Inventory
0 days
Annual Turnover
0x
Turnover per Month
0x
📊 Detailed Breakdown
| Metric | Value | Interpretation |
|---|
How the formula works
Inventory Turnover = COGS ÷ Average Inventory | Days in Inventory = Days ÷ Turnover
- Average Inventory = (Beginning Inventory + Ending Inventory) ÷ 2
- Inventory Turnover = COGS ÷ Average Inventory
- Days in Inventory = Days in Period ÷ Inventory Turnover
- Annual Turnover = COGS ÷ Average Inventory (standardized for 365 days)
- Monthly Turnover = Annual Turnover ÷ 12
- A higher turnover ratio indicates more efficient inventory management