Inventory Turnover definition
Inventory Turnover means, for each Fiscal Quarter, the quotient determined by dividing the cost of Inventory items sold during the most recent 12 month period by the Average Inventory for such period.
Inventory Turnover means number of times, on average, that each item in inventory cycles, or is issued and replaced during a year. A common way to compute inventory turnover is to divide the total annual value of all inventory issues by the current inventory value. For example, if total value of issues for the entire year were $10 million
Inventory Turnover. Consolidated trailing twelve-month Cost of Goods Sold (COGS) divided by Inventory as stated at the end of the measuring period. Minimum ratio at any time: 1.00x
Examples of Inventory Turnover in a sentence
Inventory Turnover shall mean, as the end of each month, the costs of sales for the twelve (12) month period ending on such month end divided by the average month end Inventory balance for such twelve month period.
Borrower shall have and maintain an Inventory Turnover Period not to exceed 120 days during fiscal year ending December, 1998, and each fiscal year thereafter.
Borrower shall cause its Inventory Turnover to average not less than three (3) times on a rolling twelve month basis, calculated as of the end of each month.
Should the Inventory Turnover Ratio be, at any point in time, below this level, Borrower shall have six months to cure this breach.
Calculate the inventory turnover rate as follows: Inventory Turnover = Cost of Goods / Total Inventory The higher the inventory turnover rate means the more efficiently a company is able to grow sales volume.
More Definitions of Inventory Turnover
Inventory Turnover means an amount, determined as of June 30, 2001 and as of the last day of each calendar month thereafter, for the three-month period ending on such date, equal to (i) the product of the aggregate cost of goods sold for the applicable three-month period, multiplied by four (4), divided by (ii) the result of the aggregate gross book value of Inventory on the first day of each calendar month within such three-month period, divided by three (3). Inventory Turnover shall be calculated for the Designated Companies on a consolidated basis in accordance with GAAP and with reference to the financial statements of the Designated Companies for such period to be delivered to the Agents pursuant to Section 7.1."
Inventory Turnover means, at a particular date, the "Cost of Sales" as disclosed on the Company's year-to-date consolidated statements of income divided by the "Merchandise Inventory" amount set forth on the Company's consolidated balance sheets for such date.
Inventory Turnover means the cost of sales divided by the average inventory for the period presented, excluding precious metals held under financing arrangements, which are not classified as inventory on the consolidated balance sheets.
Inventory Turnover means, on a Consolidated basis for the Borrower and its Subsidiaries, the ratio equal to (i) the cost of goods sold for the twelve-month period ending on the last day of the respective quarter divided by (ii) the quotient of (A) the sum of (I) the quotient of (a) the sum of (q) the dollar amount of Inventory at the beginning of the first fiscal quarter in such twelve-month period and (r) the dollar amount of Inventory at the end of such first fiscal quarter divided by (b) two plus (II) the quotient of (c) the sum of (s) the dollar amount of Inventory at the beginning of the second fiscal quarter in such twelve-month period and (t) the dollar amount of Inventory at the end of such second fiscal quarter divided by (d) two plus (III) the quotient of (e) the sum of (u) the dollar amount of Inventory at the beginning of the third fiscal quarter in such twelve-month period and (v) the dollar amount of Inventory at the end of such third fiscal quarter divided by (f) two plus (IV) the quotient of (g) the sum of (w) the dollar amount of Inventory at the beginning of the fourth fiscal quarter in such twelve-month period and (x) the dollar amount of Inventory at the end of such fourth fiscal quarter divided by (h) two divided by (B) four."
Inventory Turnover means, for any month-end, (a) the value of the Inventory of the Borrower as of the last day of such month, as stated in Borrower’s monthly financial statement calculated at the lower of cost and fair-market value, on a first-in, first-out basis and in accordance with GAAP, multiplied by 90 days divided by (b) the Cost of Goods Sold for the last three months.
Inventory Turnover means, at a particular date, the "Cost of Sales"
Inventory Turnover means, for each Fiscal Quarter, the quotient determined by dividing the cost of Inventory items sold during the most recent twelve (12) month period by the Average Inventory (hereinafter defined) for such period. As used herein, "Average Inventory" means Inventory calculated by dividing the total of all ending Inventory for each month for the most recent thirteen