Difference between revisions of "Inventory turnover ratio"
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| − | [[Inventory turnover ratio]] is an asset management ratio that indicates how quickly inventory moves off the shelf and therefore how well a company sells its product. | + | [[Inventory turnover ratio]] (or, simply, [[inventory turnover]]) is an asset management ratio that indicates how quickly inventory moves off the shelf and therefore how well a company sells its product. |
Revision as of 04:49, 21 December 2018
Inventory turnover ratio (or, simply, inventory turnover) is an asset management ratio that indicates how quickly inventory moves off the shelf and therefore how well a company sells its product.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Inventory turnover ratio. An asset management ratio that indicates how quickly inventory moves off the shelf and therefore how well a company sells its product.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
