INVENTORY TURNOVER
A rate which measures the number of times an inventory is sold or used over a time period. The days within a specific time period can be divided by the inventory turnover formula in order to compute the days it takes to sell the inventory on hand or inventory turnover days.
Generally computed as: Inventory Turnover = Sales / Inventory
It can also be computed as: Inventory Turnover = Prices of Goods Sold / Average Inventory
A low turnover implies poor sales and excess inventory while a high turnover denotes either firm sales or inefficient buying. Also called stock turns, inventory turns, and stock turnover ratio.
POPULAR TERMS
Mutual Exclusion Doctrine
A reciprocal agreement between federal and state and local taxing bodies that mandates mutual exclusion in taxation. The interest earned on federal ...
Stockbroker
1. Company serving as an agent on behalf of its client, charging a commission to the customer for rendering its services.
2. Agent which ...
Cascade Tax
Tax imposed on a good at every production process until it is being sold to the end user. This turnover tax has each successive transfer being taxe ...
Electronic Check
Payment form via the internet designed to perform the same function as a traditional paper check. Since it is in electronic format, it gives greate ...
KGS
Currency abbreviation for Kyrgyzstan (also called Kyrgyz Republic). A fraction of a som is a tiyin, the functional equivalent of a US cent. The pap ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
Digesting Financial Statements: Filing
Companies need to file several financial reports in different periods with the Securities and Exchange Commission.
14A Prox ...
Ethical Investing: Niche Investment Style
Over the past two years, sustainable, responsible, and impact investing (SRI) has grown significantly in the United States. Based on the US SIF Fou ...
An Introduction to Ethical Investing
Ethical investing is, simply put, investing while taking into consideration your personal beliefs or your ethics. Because it is personal, it means ...
So You Want A Job in Financial Careers: A Guide
In this tutorial, we will explore the different kinds of financial careers, the various basics of the financial industry, what you need to do in or ...
Can You Afford the Renovation Cost?
Do you want to know if your current home can withstand any renovation? Consult the following professionals first for guidance.
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:01 | Rightmove House Prices | Feb | |
| 06:30 | Industrial Production | Dec | |
| 06:30 | Tertiary Industry Index | Dec | |
| 11:00 | Trade Balance | Dec | |
| 12:00 | Current Account (sa) | Dec | |
| 13:00 | Bundesbank Monthly Report | ||
| 15:15 | Housing Starts | Jan | |
| 15:30 | Foreign Securities Purchases | Dec | |
| 16:30 | FOMC Member Patrick T. Harker Speaks |
