For example, if your company sold $500,000 worth of products and your average inventory equals $190,000, divide $500,000 by $190,000 to find your inventory turns over about 2.63 times per quarter ...

Calculating inventory turnover in days or months is important for not tying up too much of your money in your stock ... Say it's the end of the third quarter, with ending inventory of $160,000 .

Continue reading ->The post How to Calculate Inventory Turnover Ratio appeared first on SmartAsset Blog. ... An annual inventory turn ratio of 2 to 4 is typically considered good for many retailers.

New vehicle day supply dropped by 3 days QoQ to 77 days but rose 19 days year-over-year (YoY). Used vehicle day supply declined by 3 days QoQ to 42 days. New vehicle carryover inventory increased ...