Low turnover : Opportunity or nightmare?
The inventory rotation is the relationship between the cost of goods sold and the average inventory valued at a cost in a certain period. A simple example: Cost of goods sold during 2019 = $ 24,000,000. Average inventory 2019 = $ 6,000,000. Then, the turnover of the inventory in 2019 was 24,000,000 / 6,000,000 = … Read more