How to use this inventory turnover calculator
Enter the values requested above and select Calculate. Change any input to compare another scenario. The calculation runs locally in your browser and does not require an account.
Formula and method
Example
If annual COGS is $600,000 and average inventory is $100,000, turnover is 6 times per year.
Tips for a useful result
Use average inventory for the same period as the COGS figure.
What this calculator is useful for
Calculate inventory turnover and approximate days inventory on hand from cost of goods sold and average inventory. The result is intended for quick estimates, checking arithmetic and comparing scenarios. When a result affects a contract, tax filing, medical decision, building-code requirement or other high-stakes situation, verify the result with the appropriate professional or authoritative source.
Frequently asked questions
What does the Inventory Turnover Calculator calculate?
Calculate inventory turnover and approximate days inventory on hand from cost of goods sold and average inventory.
How does the Inventory Turnover Calculator work?
Inventory turnover = cost of goods sold ÷ average inventory. Days inventory ≈ 365 ÷ turnover.
Is the Inventory Turnover Calculator free to use?
Yes. ERICH Calculators is free to use and does not require an account.