Inventory Turnover FY 1

Inventory turnover ratio indicates how fast firms sell their inventory items, measured in terms of rate of movement of goods into and out of the firm.

Calculation
Inventory Turnover Ratio = (Cost of goods sold) / (Average Inventory)

For the Pros
Some analysts calculate the inventory turnover ratio by dividing sales, rather than cost of goods sold, by the average inventory.

Available Time Periods
As of Most Recent Fiscal Year End (FY 1): 1 Year
As of Most Recent Quarter End (Last FY Qtr): 3 Month