This app can be used to calculate the ratio of inventory turnover, which is a measure of a company's success in converting inventory to sales.

Inventory Turnover is a very useful way of seeing how efficient a firm is at converting its inventory into sales. The ratio can show us the number of times and inventory has been sold over a particular period, e.g., 12 months. We calculate inventory turnover by dividing the value of sold goods by the average inventory.



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