Inventory Turnover Calculator: 33.3 times/year
With Cost of Goods Sold of $500 and Average Inventory of $15, the result is 33.3 times/year.
Inventory Turnover Calculator
33.3 times/year
How This Works
This measures how many times per year a balance (inventory or receivables) is fully cycled through — higher turnover generally means more efficient use of that asset.
Formula
Turnover = Cost of Goods Sold ÷ Average Inventory
Example
$500,000 COGS against $80,000 average inventory is a turnover of 6.25 times per year, or about 58 days of inventory on hand.
Frequently Asked Questions
What is the result with these numbers?
33.3 times/year.