Posted By:Krishna Jani
Updated: 19 July, 2023Published: 12 July, 2023
Reading Time: < 1 minute

Inventory turnover measures how quickly stock is sold, used up, and replaced. Divide the cost of goods by the average inventory for the same time period to get the inventory turnover ratio. A higher ratio typically denotes strong sales, and a lower ratio generally denotes weak sales.

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