Inventory turnover ratio
Revision as of 11:38, 20 December 2018 by Gary (talk | contribs) (Created page with "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. ==Defi...")
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.
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.
