Money & shopping
Inventory turnover calculator
Compare cost of goods sold with average inventory over one period.
A clear answer. Here’s how.
Average inventory = (opening + closing)/2. Turnover = cost of goods sold / average inventory. Inventory days = period days / turnover when turnover is positive. Inventory values and cost of goods sold must use the same cost basis and currency.
See a worked example
Worked example
A fixed demonstration, separate from the values you enter above.
- Cost of goods sold during period
- 120000
- Opening inventory value
- 15000
- Closing inventory value
- 25000
- Days in the period
- 365
Example result
- Average inventory
- 20,000.00
- Inventory turnover
- 6 times per period
- Inventory days
- 60.8333333333 days