What does inventory turnover mean?
inventory turnover
Definition
The rate at which a business sells and replaces its inventory during a particular period.
Example sentences
Our inventory turnover improved after we stopped ordering so many seasonal items.
Our inventory turnover improved after we stopped ordering so many seasonal items.
Does low inventory turnover explain why so much cash is tied up in unsold goods?
Does low inventory turnover explain why so much cash is tied up in unsold goods?