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BusinessDictionary.com
average age of inventory
Definition
Formula
:
Average inventory
x 365 ÷
Cost of sales
.
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Nearby Terms
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average
average accounting return
average accounts receivable
average adjuster
average adjusters
average age of inventory
average age of receivables
average agreement
average annual current maturities (AACM)
average annual growth rate (AAGR)
average annual return (AAR)
average annual total return
Popular 'Industries, Manufacturing, & Technology' Terms
quality
process
production
backorder
procedure
fixed cost
marginal cost
equipment
overhead
goods
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