5 Other formulas that you can solve using the same Inputs

Beginning Inventory
Beginning Inventory=Cost of goods sold-Purchases+Ending Inventory GO
Business Quick Ratio
Quick Ratio=(Current Assets-Inventory)/Current Liabilities GO
Quick Ratio
Quick Ratio=(Current Assets-Inventory)/Current Liabilities GO
Business Gross Profit Margin when Revenue and Cost of Goods Sold are given
Gross Profit Margin=(Revenue-Cost of goods sold)/Revenue GO
Gross Profit Margin when Revenue and Cost of Goods Sold are given
Gross Profit Margin=(Revenue-Cost of goods sold)/Revenue GO

Inventory Turnover Ratio Formula

Inventory Turnover Ratio=Cost of goods sold/Inventory
More formulas
Price-Earnings Ratio GO
Earnings per share GO
Sales to Receivables Ratio GO
Debt to worth ratio GO
Working capital GO
Price Sales Ratio GO
Price Book Value Ratio GO
Dividend Payout Ratio GO
Total Asset Turnover GO
Average Collection Period GO
Equity Multiplier GO
Business Operating Profit Margin GO
Business Net Profit Margin GO
Business Current Ratio GO
Business Quick Ratio GO

How to Calculate Inventory Turnover Ratio?

Inventory Turnover Ratio calculator uses Inventory Turnover Ratio=Cost of goods sold/Inventory to calculate the Inventory Turnover Ratio, Inventory Turnover Ratio measures the number of times your inventory "turned-over" during a time period. . Inventory Turnover Ratio and is denoted by ITR symbol.

How to calculate Inventory Turnover Ratio using this online calculator? To use this online calculator for Inventory Turnover Ratio, enter Inventory (I) and Cost of goods sold (COGS) and hit the calculate button. Here is how the Inventory Turnover Ratio calculation can be explained with given input values -> 108343.2 = 4875444/45.

FAQ

What is Inventory Turnover Ratio?
Inventory Turnover Ratio measures the number of times your inventory "turned-over" during a time period. and is represented as ITR=COGS/I or Inventory Turnover Ratio=Cost of goods sold/Inventory. Inventory is the goods and materials that a business holds for the ultimate goal of resale and The cost of goods sold are the direct costs attributable to the production of the goods sold by a company.
How to calculate Inventory Turnover Ratio?
Inventory Turnover Ratio measures the number of times your inventory "turned-over" during a time period. is calculated using Inventory Turnover Ratio=Cost of goods sold/Inventory. To calculate Inventory Turnover Ratio, you need Inventory (I) and Cost of goods sold (COGS). With our tool, you need to enter the respective value for Inventory and Cost of goods sold 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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