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Food & Beverage - Wine Inventory Turnover - By Joe Dunbar |
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Is your formula backwards??
I think the formula should read "Average Inventory divided cost of sales". Using the numbers above, $2,000,000 at 40% cost would be $800,000. Take that $800,000/400,000 would give you 2. 2007-10-10 D Peters |
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Answer is 2
The math is right and the turnover is 2. Exactly what you calculated. This is an extreme example at a seasonal resort with a wine list loaded with very slow moving, high cost bottles. 2007-10-10 Joe Dunbar |
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