Analytical Tool

Inventory Turnover Calculator

Annual Consumption / COGS *

Opening Inventory *

Closing Inventory *

* Required field

Average Inventory—

Inventory Turnover Ratio—

Inventory Days—

Enter the required parameters and select Calculate.

Formula

Average Inventory = (Opening + Closing) ÷ 2 · Inventory Turnover = Annual Consumption ÷ Average Inventory · Inventory Days = 365 ÷ Turnover