Inventory Turn Report

Inventory Turn Report

Inventory Turn Report

Calculate Inventory Turn Over Ratio

Calculating & Tracking Inventory Turn over helps businesses make smarter decisions in variety of areas including pricing, manufacturing, marketing, purchasing and warehouse management.

Inventory includes all goods, raw or finished, that a company has in stock with the intent to sell.

Inventory turnover is the rate that inventory stock is sold, or used, and replaced.

The inventory turnover ratio is calculated by dividing the cost of goods by average inventory for the same period.

A higher ratio tends to point to strong sales and a lower one to weak sales. Conversely, a higher ratio can indicate insufficient inventory on hand, and a lower one can indicate too much inventory in stock.

Cost of Goods Sold divided by Inventory

Average Inventory = (Beginning Inventory + Ending Inventory) / 2

Inventory Turn Over Ratio = Cost of Good Sold / Average Inventory

    • Related Articles

    • Inventory Search in the Register

      In this article, you will learn how to perform Inventory Search on the POS across the locations you have access to. To use the Inventory Search feature in the Register app: Options >> Inventory search On the Inventory Search page, you will have the ...

    • Pulse App: Mass Inventory

      In this article, you’ll learn how to use the Mass Inventory feature in the Pulse App and how it helps streamline your reconciliation process. Learn more about the Pulse App [here]. What is Mass Inventory? The Mass Inventory feature allows multiple ...

    • Low Stock Report

      This report will display products that reached minimum on-hand quantity as configured from the product details. Prerequisite - Setting Min and Max reorder point for each product Catalog >> Products Catalog >> Inventory management >> Low stock report ...

    • Print Z Report

      This article helps you learn how to print Z Report from the Register .

    • Receive Inventory with Franpos Pulse App

      Receiving Inventory with Franpos Pulse App Easily receive inventory using the Franpos Pulse App on your iOS/Android device by following the steps below. 1️⃣ Log in to the PULSE App on your Phone · Use the same login credentials as for the Franpos ...