Search results
Results From The WOW.Com Content Network
v. t. e. 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. It is calculated to see if a business has an excessive inventory in comparison to its sales level. The equation for inventory turnover equals the cost of goods sold divided by the average inventory.
Inventory. Inventory ( American English) or stock ( British English) refers to the goods and materials that a business holds for the ultimate goal of resale, production or utilisation. [nb 1] Inventory management is a discipline primarily about specifying the shape and placement of stocked goods. It is required at different locations within a ...
Inventory control or stock control can be broadly defined as "the activity of checking a shop's stock". [1] It is the process of ensuring that the right amount of supply is available within a business. [2] However, a more focused definition takes into account the more science-based, methodical practice of not only verifying a business's ...
The inventory turnover ratio can direct timing and size of reorders, identify slow-selling products to mark down for quick sale and inform individual item purchasing decisions. How to Calculate ...
A financial ratio or accounting ratio states the relative magnitude of two selected numerical values taken from an enterprise's financial statements. Often used in accounting, there are many standard ratios used to try to evaluate the overall financial condition of a corporation or other organization. Financial ratios may be used by managers ...
The number of times a business sells and replaces its stock over a given time period is its inventory turnover ratio. The inventory turnover ratio, also sometimes called stock turns or inventory ...
Fast-moving consumer goods. Soft drinks are FMCGs. Fast-moving consumer goods ( FMCG ), also known as consumer packaged goods ( CPG ), are products that are sold quickly and at a relatively low cost. Examples include non-durable household goods such as packaged foods, beverages, toiletries, candies, cosmetics, over-the-counter drugs, dry goods ...
Customer attrition, the rate at which a business loses customers, sometimes called the churn. Inventory turnover or inventory turns, a measure of the number of times inventory is sold or used in a time period. Sales turnover or revenue, income a business has from sales. Turnover tax, an indirect tax similar to a sales tax or a VAT.