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 Cost of goods sold (COGS) and Inventory (I) and hit the calculate button. Here is how the Inventory Turnover Ratio calculation can be explained with given input values -> 108343.2 = 4875444/45.