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Define inventory turnover1/22/2024 ![]() ![]() In a more abstract way, it can be said that the inventory turnover tries to capture the ratio flow over state.Īs a rule of thumb, the purchasing flavor of inventory turnover tends to be more prevalent among most verticals. Most of these variants are acceptable as long as the ratio is homogeneous, with aligned units for both values. The numerator always represents the flow of inventory, while the denominator always represents the state of inventory. Indeed, as soon as the goods are ordered, the company carries the risk associated with those quantities, and thus those quantities negatively impact the company’s supply chain agility. This includes the stock on hand but also the stock on order.
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