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Understanding Inventory Turnover Ratio and How to Calculate It

Understanding Inventory Turnover Ratio and How to Calculate It

by Micah Hartmann | Nov 16, 2020 | Inventory

Key takeaways The inventory turnover ratio measures how quickly inventory is sold within a specific timeframe. It is used to indicate sales efficiency and product marketability, empowering businesses to make informed decisions. The inventory turnover ratio formula is:...
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