Setup Menus in Admin Panel

Sharing the Knowledge!™

Finance Knowledge and Information

What does inventory turnover mean?

SEARCHING
Suggestion/Report Error
inventory turnover
Noun


A turnover ratio that measures the efficiency of a company in managing and selling its inventory: COGS ÷ Average Inventory.

Synonym(s): 
  • inventory turnover ratio; inventory-turnover ratio; merchandise turnover; sales-to-merchandise ratio.
top
© 2015-2024 Pecunica LLC.  All rights reserved.
;