Question
A company's financials show: • Net Sales:
₹1,000 lakh • Cost of Goods Sold (COGS): ₹700 lakh • Opening Inventory: ₹100 lakh • Closing Inventory: ₹150 lakh What is the Inventory Turnover Ratio, and what does it indicate?Solution
• Average Inventory = (100 + 150) / 2 = ₹125 lakh • Inventory Turnover = COGS / Avg. Inventory = 700 / 125 = 5.6 times • A turnover of 4–6 times is considered good in many industries and shows stock is selling efficiently.
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Frail
