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Inventory Turnover

In accounting, the Inventory turnover is a measure of the number of times inventory is sold or used in a time period such as a year. The equation for inventory turnover equals the Cost of goods sold divided by the average inventory.

Inventory turnover is also known as inventory turns, stockturn, stock turns, turns, and stock turnover.To find out the value of inventory turnover we should have the value of cost of goods sold and average inventory.

$\frac{S}{A}$

Here, S=Sales AND A= Average Inventory

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