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Don't you have to times it by 365 to get how many days for it to turnover. Edit: But great video it help me in my exam, it showd how much I know Thanks a lot! 👍🔥
@@alpaka1337 I didn’t understand why high cost ? When people prefer high ratio from this formula... Now you said it as “sales” , it makes much more sense to me... still why people call it cost..
Can we calculate inventory turn over of a given month? So let us say my monthly COGS for the month of JAN is 100 and avg. inventory is 10. what will be the answer?
I dont understand. If COGS is always bigger than the average value of Inventories, we will never make money. Because the value of your inventories are always bigger than COGS
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Extremely helpful! I can do the math, but was having trouble understanding the meaning/significance. Just subbed, thank you for your help!!
Your videos are completely getting me through my exams, thank you so much!!
Happy to help! You are very kind Brooke - please spread the word about our channel! And good luck with your exams!
Don't you have to times it by 365 to get how many days for it to turnover.
Edit: But great video it help me in my exam, it showd how much I know Thanks a lot! 👍🔥
Thanks for the tip
My accounting lecturer says its Inventory/cost of goods x 365. I only came here to get better understanding but now I'm confused
Great video thank you how to find out supermarket inventory turnover?
Thank you! That was a great video and very helpful. :o)
thanks. taking an IB finance test next Tues
Best of luck!
I thought the formula was (inventory held / cost of goods sold)?
Inventory turnover ratio = Sales / Average inventory
@@alpaka1337 I didn’t understand why high cost ? When people prefer high ratio from this formula...
Now you said it as “sales” , it makes much more sense to me... still why people call it cost..
Same
Can you please recommend books for these topics.
Can we calculate inventory turn over of a given month?
So let us say my monthly COGS for the month of JAN is 100 and avg. inventory is 10. what will be the answer?
Nice presentation
Thanks a lot
Hello sir
I have a case in which by the increment in factory overhead inventory turnover ratio decrease can you explain why does it increase?
I dont understand. If COGS is always bigger than the average value of Inventories, we will never make money. Because the value of your inventories are always bigger than COGS
you will add mark up on the inventories when you sell it.