Days in Inventory Calculator

✖Inventory Turnover is a measure of the number of times inventory is sold or used in a time period such as a year.ⓘ Inventory Turnover [IT]

+10%

-10%

✖Days in Inventory is used to determine how quickly a company is converting its inventory into sales.ⓘ Days in Inventory [Days]

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Formula

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Days in Inventory

Formula

`"Days" = 365/"IT"`

Example

`"36.5"=365/"10"`

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Days in Inventory Solution

STEP 0: Pre-Calculation Summary

Formula Used

Days in Inventory = 365/Inventory Turnover
Days = 365/IT
This formula uses 2 Variables

Variables Used

Days in Inventory - Days in Inventory is used to determine how quickly a company is converting its inventory into sales.
Inventory Turnover - Inventory Turnover is a measure of the number of times inventory is sold or used in a time period such as a year.

STEP 1: Convert Input(s) to Base Unit

Inventory Turnover: 10 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

Days = 365/IT --> 365/10

Evaluating ... ...

Days = 36.5

STEP 3: Convert Result to Output's Unit

36.5 --> No Conversion Required

FINAL ANSWER

36.5 <-- Days in Inventory

(Calculation completed in 00.004 seconds)

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Created by Team Softusvista

Softusvista Office (Pune), India

Team Softusvista has created this Calculator and 600+ more calculators!

Verified by Himanshi Sharma

Bhilai Institute of Technology (BIT), Raipur

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< 22 Business Calculators

Macaulay Duration

Go Macaulay Duration = sum(x,1,5,Cash Flow Number,((Cash Flow/(1+Yield to Maturity (YTM)/Compounding Periods))^Cash Flow Number))*(Time in Years/Present Value)

Weighted Average Cost of Capital

Go Weighted average cost of capital = ((Market value of the firm’s equity/Firm Value)*Cost of Equity)+(((Market Value of the Firm’s Debt/Firm Value)*Cost of Debt)*(1-Corporate Tax Rate))

Total Inventory Cost

Go Total Inventory Cost = Carrying cost per unit per year*(Quantity of Each Order/2)+Fixed cost per order*(Demand in units per year/Quantity of Each Order)

Acid Test Ratio

Go Acid Test Ratio = (Cash+Accounts Receivable+Short Term Investments)/Current Liabilities

Economic Order Quantity

Go Economic Order Quantity = ((2*Fixed cost per order*Demand in units per year)/Carrying cost per unit per year)*(1/2)

Return on Capital Employed

Go Return on capital employed = (Earnings Before Interest and Taxes/(Total Assets-Current Liabilities))*100

Diluted Earnings per Share

Go Diluted Earnings per Share = Net Income/(Average Shares+Other Convertible Securities)

Inventory Shrinkage

Go Inventory Shrinkage = ((Recorded Inventory-Actual Inventory)/Recorded Inventory)*100

Modified Duration

Go Modified Duration = Macaulay Duration/(1+Yield to Maturity (YTM)/Coupon Periods)

Target Inventory Investment

Go Target Inventory Investment = Projected Annual Cost of Goods Sold from Stock Sales/Target Inventory Turnover

Retention Ratio

Go Retention Ratio = (Net Income-Dividend)/Net Income

Contribution Margin per Unit

Go Contribution Margin per Unit = Sales Price per Unit-Variable Cost per Unit

Operating Expense Ratio

Go Operating Expense Ratio = (Operating Expense/Gross Operating Income)*100

Break-Even Point

Go Break Even Point = Fixed Costs/Contribution Margin per Unit

Estimated Earnings

Go Estimated Earnings = Forecasted Sales-Forecasted Expense

Debt Coverage Ratio

Go Debt Coverage Ratio = Net Operating Income/Debt Service

Dividends Per Share

Go Dividends Per Share = Total Dividends/Number of Shares

Solvency Ratio

Go Solvency Ratio = (Shareholders Fund*100)/Total Assets

Estimate at completion

Go Estimate at Completion = Actual Cost+Bottom up ETC

Percentage off

Go Percentage Off = 1-(Selling Price/Original Price)

Preferred Stock

Go Preferred Stock = Dividend/Discount Percentage

Days in Inventory

Go Days in Inventory = 365/Inventory Turnover

Days in Inventory Formula

Days in Inventory = 365/Inventory Turnover
Days = 365/IT

How to Calculate Days in Inventory?

Days in Inventory calculator uses Days in Inventory = 365/Inventory Turnover to calculate the Days in Inventory, Days in Inventory is used to determine how quickly a company is converting its inventory into sales. Days in Inventory is denoted by Days symbol.

How to calculate Days in Inventory using this online calculator? To use this online calculator for Days in Inventory, enter Inventory Turnover (IT) and hit the calculate button. Here is how the Days in Inventory calculation can be explained with given input values -> 36.5 = 365/10.

FAQ

What is Days in Inventory?

Days in Inventory is used to determine how quickly a company is converting its inventory into sales and is represented as Days = 365/IT or Days in Inventory = 365/Inventory Turnover. Inventory Turnover is a measure of the number of times inventory is sold or used in a time period such as a year.

How to calculate Days in Inventory?

Days in Inventory is used to determine how quickly a company is converting its inventory into sales is calculated using Days in Inventory = 365/Inventory Turnover. To calculate Days in Inventory, you need Inventory Turnover (IT). With our tool, you need to enter the respective value for Inventory Turnover and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

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