Average Inventory

Average Inventory

The value of a company's inventory over a period of time. One calculates the average inventory by adding the value of inventory at the beginning of an accounting period to the value at the end and dividing by two.
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Concrete blocks building 1,680 SF running convenience store, average inventory holding $20,000, high turn over; ii) three pumping gas pumping stations under canopy 2,280 SF pumping 10,000 g/mo.
While the industry average inventory is around 65 selling days, Hyundai has an inventory of less than half that with just 27 selling days worth of vehicles.
Note that during these same comparable periods (using that last QTR for comparison) the average inventory dropped from 9411 to 8620, a drop of over 8% (NABOR).
For a glimpse of how important this ratio can be, consider this comparison: One store has an average inventory of $50,000 and sales of $200,000 per year; another store has an average inventory of $100,000 and the same sales figure.
The most significant performance problems were in food and consumer products, where average inventory turns fell from more than 17 to fewer than 13 from 2002 to 2003.
Divide the cost of goods by average inventory to see how long it takes to sell inventory.
found that the average inventory turnover had risen from 8.
The 1990's showed significant drops in average inventory levels.
As a result of these conditions, average inventory costs were not able to decline as quickly as cash purchase costs for raw materials.
Average inventory is calculated as the simple average of beginning and ending inventory for the same period used in determining the numerator.
To calculate these retail metrics for online advertising campaigns, Mercent Retail collects and combines sales, conversion and ad spend information from online marketing channels with the retail operational data found in back-end retail systems including per-product cost of goods sold (COGS) and average inventory values.
However, he acknowledges that there appears to be a gap between the supplies that the nation would need and the supplies represented by distributors' stockpiles and hospitals' average inventory levels.