Average inventory(given days in inventory and total cost of goods sold)

Formula

Average inventory(given days in inventory and total cost of goods sold) formula
ai
average inventory
DII
days in inventory
COGS
total cost of goods sold

Formula description

Days in inventory(DII) is an efficiency ratio that measures the average number of days the company holds its inventory before selling it.

Calculator (how to use calculator?)

Average inventory(given days in inventory and total cost of goods sold) formula
DII
COGS
ai
Precision

Formula code

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References

  1. Wikipedia:Days in inventory.

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