Klipfolio - Business Dashboard Software Klipfolio - Business Dashboard Software Klipfolio - Business Dashboard Software
Klipfolio - Business Dashboard Software Klipfolio - Business Dashboard Software

Free 5 minute KPI lessons delivered to your inbox every day for 5 days

Everything you need to know about KPIs to start your data driven journey

Enter your email address to recieve your KPI 101 lessons

Formula

(Total Sales - Cost of Sales) / (Inventory remaining at end of year)

Services

QuickBooks Dashboard | Quickbooks logo Xero Dashboard | Xero Logo

Role

C-Level, VP / Director

The Inventory Turnover KPI measures how often you are able to sell off your entire in-stock inventory in a given year. This KPI is closely related to your supply chain, and indicates the ability of your organization to generate sales and increase revenue. As well, it's important to move aging inventory since it the cost of carrying inventory increases at the same time the value of that inventory decreases.