Inventory Turnover Calculator
Result
Inventory Turnover Calculator — free online calculator.
Formula
- Inventory Turnover Calculator calculates its result from Cost of Goods Sold (COGS), Beginning Inventory, Ending Inventory. It uses the formula Avg Inventory = (Beginning + Ending) / 2; Turnover = COGS / Avg Inventory; DIO = 365 / Turnover. Change any input to recalculate the result instantly.
- The main inputs are Cost of Goods Sold, Beginning Inventory, Ending Inventory. Enter them in the units and format shown in the calculator.
- Use monetary amounts, rates and time periods exactly as labeled; the result reflects the assumptions entered on this page.
- Changing any input above recalculates the result with the same calculation engine used by this page.
Example: Inventory Turnover
- Cost of Goods Sold: 6000000 COGS
- Beginning Inventory: 500000
- Ending Inventory: 700000
Using Cost of Goods Sold (COGS) = 6000000, Beginning Inventory = 500000, Ending Inventory = 700000, the calculated result is 36.5.
Sample result: Calculating…
Frequently asked questions
What does the Inventory Turnover calculate?
Inventory Turnover Calculator — free online calculator.
Which values should I enter?
Enter Cost of Goods Sold, Beginning Inventory, Ending Inventory using the units and format shown beside each field.
What formula does this calculator use?
The calculator uses the following relationship: Avg Inventory = (Beginning + Ending) / 2; Turnover = COGS / Avg Inventory; DIO = 365 / Turnover.
Why might my result differ from another source?
Results can differ when another source uses different units, rounding rules, conventions or assumptions. Compare the inputs and definitions before comparing results.
Does the result update automatically?
Yes. Changing an input updates the result using the same calculation engine shown on this page.