4/1/2024 0 Comments Eve lp store how to use items![]() ![]() ![]() In accounting practices, it is usually calculated for the year but could also be done on a monthly or quarterly basis. What is inventory turnover?Īlso referred to as “stock turn,” “inventory turn,” or “stock turnover,” inventory turnover is a measurement of the number of times inventory is sold in one year. One of the key metrics that can help you figure all that out is inventory turnover, which as you’ll learn below, plays a critical in planning and managing your stock. Too much inventory leads to high holding costs, while too little stock means possibly missing out on sales.įor the most part, inventory management is all about finding that balance and ensuring that you have the right products at the right time. There is a delicate balance between having too much or too little stock on hand. As a retailer, you’re always looking for ways to increase sales and profits, as well as manage the space you have for inventory. ![]()
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