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Inventory Days Formula

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Inventory Days is a financial metric used to measure the average number of days it takes for a company to turn its inventory into sales. Check FAQs

ID = (\frac{AI}{COGS}) \cdot 365

ID - Inventory Days?AI - Average Inventory?COGS - Cost Of Goods Sold?

Inventory Days Example

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Here is how the Inventory Days equation looks like with Values.

Here is how the Inventory Days equation looks like with Units.

Here is how the Inventory Days equation looks like.

488.6531 = (\frac{328000}{245000}) \cdot 365

488.6531 = (\frac{328000}{245000}) \cdot 365

488.6531 = (\frac{328000}{245000}) \cdot 365

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Inventory Days Solution

Follow our step by step solution on how to calculate Inventory Days?

FIRST Step Consider the formula

ID = (\frac{AI}{COGS}) \cdot 365

Next Step Substitute values of Variables

∴

ID = (\frac{328000}{245000}) \cdot 365

Next Step Prepare to Evaluate

∴

ID = (\frac{328000}{245000}) \cdot 365

Next Step Evaluate

∴

ID = 488.65306122449

LAST Step Rounding Answer

∴

ID = 488.6531

Inventory Days Formula Elements

Variables

Inventory Days

Inventory Days is a financial metric used to measure the average number of days it takes for a company to turn its inventory into sales.

Symbol: ID

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Inventory Days

Average Inventory

Average Inventory is the average value of inventory over a specific period, usually a year or a fiscal quarter.

Symbol: AI

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Average Inventory

Cost Of Goods Sold

Cost Of Goods Sold represents the total cost of producing or purchasing the goods that were sold during the same period.

Symbol: COGS

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Cost Of Goods Sold

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How to Evaluate Inventory Days?

Inventory Days evaluator uses Inventory Days = (Average Inventory/Cost Of Goods Sold)*365 to evaluate the Inventory Days, The Inventory Days measures the average amount of time in which a company’s inventory is held on hand until it is sold. Inventory Days is denoted by ID symbol.

How to evaluate Inventory Days using this online evaluator? To use this online evaluator for Inventory Days, enter Average Inventory (AI) & Cost Of Goods Sold (COGS) and hit the calculate button.

FAQs on Inventory Days

What is the formula to find Inventory Days?

The formula of Inventory Days is expressed as Inventory Days = (Average Inventory/Cost Of Goods Sold)*365. Here is an example- 488.6531 = (328000/245000)*365.

How to calculate Inventory Days?

With Average Inventory (AI) & Cost Of Goods Sold (COGS) we can find Inventory Days using the formula - Inventory Days = (Average Inventory/Cost Of Goods Sold)*365.

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Inventory Days Formula

Inventory Days Example

Inventory Days Solution

Inventory Days Formula Elements

Other formulas in Asset Management category

How to Evaluate Inventory Days?

FAQs on Inventory Days

Variable Name