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CoopConnection Its over www.horryelectric.com Main Office P.O. Box 119 Conway, SC 295280119 Conway Office: 3692211 Socastee Office:6507530 (to report power outages only) 3692212 Board of Trustees
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Inventory turnover (also called stock turn) is a financial ratio that calculates the number of times a company sells and replaces its stock of goods during a period.
Any business that carries inventory is required to calculate and report its inventory turnover.
Inventory turnover can be calculated by dividing the cost of goods sold by the average inventory during a specific period.
The purpose of inventory turnover is to measure how efficiently a company manages its inventory.
The cost of goods sold and average inventory values are typically reported when calculating inventory turnover.
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