MyCalcBuddy

Inventory Turnover Calculator

Calculate inventory turnover ratio and days inventory outstanding to measure inventory management efficiency.

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Important Financial Disclaimer

This calculator provides estimates based on standard financial formulas from verified references. Results are for informational and educational purposes only and should not be considered as professional financial, investment, or tax advice.

For important financial decisions such as loans, investments, mortgages, retirement planning, or tax matters, please consult with qualified financial advisors, certified financial planners, or licensed tax professionals who can review your specific situation.

Calculations may not account for all variables specific to your circumstances, local regulations, or current market conditions. Always verify results and consult professionals before making financial commitments.

Not a substitute for professional financial advice

Financial Data

$600,000
$10,000$5,000,000
$80,000
$0$1,000,000
$120,000
$0$1,000,000
$900,000
$10,000$5,000,000

Inventory Turnover Ratio

6.00x

Inventory turns over 6.0 times per year

Days Inventory Outstanding
61 days
Average Inventory
$100,000
Gross Margin
33.3%
Inventory/Sales
11.1%

Inventory Efficiency

Turnover Rate6.00x per year
Days to Sell61 days
Inventory as % of COGS16.7%

Industry Benchmarks

Grocery/Perishables12-20x
Retail (General)4-8x
Manufacturing4-6x
Automotive/Heavy Equipment2-4x

Assessment: Good inventory management

Inventory Turnover Formulas

Inventory Turnover

COGS / Average Inventory

Average Inventory = (Beginning + Ending) / 2

Days Inventory Outstanding

365 / Inventory Turnover

Average days to sell inventory

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sources

  • •Reserve Bank of India (RBI) — Financial regulations, lending rates, and monetary policy guidelines. rbi.org.in
  • •Consumer Financial Protection Bureau (CFPB) — Consumer finance guidelines, mortgage and loan disclosure standards. consumerfinance.gov
  • •Securities and Exchange Board of India (SEBI) — Investment and securities market regulations. sebi.gov.in
  • •Investopedia — Financial formulas, definitions, and educational content. investopedia.com

For a complete list of all references used across the site, visit our full sources page.

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Editorial Note

MyCalcBuddy Editorial Team

This page is maintained as an educational calculator reference.

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Formula Source: Fundamentals of Financial Management

by Brigham & Houston

🔄Last reviewed: May 2026
✓Formula checks are based on standard references and internal QA review.