rate of turnover |
|
Definition
Number of times a firm sells out its merchandise or finished goods inventory, computed by dividing the total sales revenue in a period by the average inventory in that period.
email to a friend
print this definition
cite this definition
link to this page
rate of turnover is in the Accounting & Auditing and Advertising, Marketing, & Sales subjects.
This content can be found on the following page:
http://www.businessdictionary.com/definition/rate-of-turnover.html