Enter the cost of sold items, beginning inventory balance, and ending inventory balance into the calculator. The calculator will evaluate the days in inventory.
- Ending Inventory Calculator
- Cost of Goods Manufactured Calculator (COGM)
- Price Per Unit Calculator
- Inventory Turnover Ratio Calculator
- Safety Stock Calculator
Days In Inventory Formula
The following equation can be used to calculate the average days in inventory of an item.
D = 365/ (COGS / ( BI + EI /2 ) )
- Where D is the days in inventory
- COGS is the total cost of sold items
- BI is the beginning inventory balance ($)
- EI is the ending inventory balance ($)
Days in Inventory Definition
Days in inventory is an average metric of the days a item sits in inventory before it’s sold. It’s important to note that this is an average, and the actual days in inventory could vary greatly from item to item especially at low volumes.
Days in Inventory Example
How to calculate days in inventory?
- First, determine the total cost.
Calculate the total cost of goods sold.
- Next, determine the beginning inventory.
Calculate the value of the inventory at the beginning of the period.
- Next, determine the ending inventory.
Calculate the value of the inventory at the end of the period.
- Finally, calculate the days in inventory.
Use the formula above to calculate the days in inventory.
FAQ
What is days in inventory?
A number of days in inventory is the average number of days a product will sit in inventory before it is sold.
Related Terms
| days in inventory calculator |
| days in inventory formula |
| how to calculate days in inventory |
| average inventory formula |
| how to calculate inventory turnover |
| how to calculate average inventory |
| inventory turns calculation |
| how to calculate inventory turnover ratio |
| how to calculate inventory |
| days inventory outstanding formula |
| inventory turns formula |
| how to find average inventory |
| days sales in inventory formula |
| average inventory turnover |
| inventory turnover days formula |
| average stock formula |
| how to calculate inventory turns |
| how to find inventory turnover |
| inventory days ratio |
| stock days formula |
| stock turn calculation |
| average days in inventory formula |
| calculate average inventory |
| inventory conversion period formula |
| stock turn formula |
| average stock level formula |
| inventory days on hand formula |
| how to calculate stock turnover |
| average inventory level formula |
| how do you calculate inventory turnover |
| how to calculate stock turnover ratio |
| how to calculate days sales in inventory |
| days sales in inventory ratio |
| average age of inventory formula |
| how to compute inventory turnover |
| stock days calculation |
| average inventory turnover ratio |
| how to get average inventory |
| days inventory held formula |
| stock turnover days formula |
| how to calculate stock days |
| how to calculate inventory turnover rate |
| how to calculate stock turn |
| how do you calculate average inventory |
| how to calculate average days in inventory |
| how to calculate inventory turnover in days |
| inventory days calculation formula |
| average inventory turnover formula |
| stock days ratio |
| days to sell inventory formula |
| how to calculate days inventory outstanding |
| days sales in inventory ratio formula |
| how to calculate inventory days on hand |
| how do you calculate inventory turnover ratio |
| calculate days sales in inventory |
| average days to sell inventory formula |
| days on shelf in inventory formula |
| inventory days ratio formula |
| how do you calculate inventory turns |
| days of inventory outstanding formula |
| days on hand inventory calculation |
| inventory holding days formula |
| how to calculate average inventory level |
| inventory turnover days ratio |
| number of days sales in inventory formula |
| inventory turnover ratio formula in days |
| how to work out average inventory |
| days of supply calculation in excel |
| how to calculate inventory turnover ratio from balance sheet |
| how to compute average inventory |
| how to work out inventory turnover |
| inventory turnover days calculation |
| days held in inventory formula |
| how to calculate rate of inventory turnover |
| days inventory outstanding calculation |
| how to find inventory turnover rate |
| average stock formula example |
| average inventory cost formula |
| how to calculate stock turnover rate |
| turnover days formula |
| stock holding days formula |
| how to calculate average inventory turnover |
| inventory days of supply formula |
| inventory doh formula |
| how are inventory turns calculated |
| stock turnover days calculation |
| inventory days on hand ratio |
| average inventory turnover ratio formula |
| how to calculate number of days sales in inventory |
| inventory turns calc |
| how do you calculate inventory |
| how to calculate average inventory from balance sheet |
| average stock turnover ratio |
| how to compute inventory turnover ratio |
| how to calculate inventory ratio |
| number of days in inventory formula |
| how to calculate stock on hand |
| compute days sales in inventory |
| stock cover days formula |
| days cogs in inventory |
| how to calculate inventory on hand |
| how do you calculate inventory days |
| stock turnover ratio formula in days |
| average raw material inventory formula |
| how to calculate inventory level |
| inventory days calc |
| average inventory period formula |
| how to determine average inventory |
| days inventory outstanding ratio |
| how to calculate inventory turnover ratio in excel |
| days inventory held ratio |
| how to find the inventory turnover ratio |
| formula for average stock level |
| how to find average inventory accounting |
| how to calculate average inventory cost |
| how to calculate inventory conversion period |
| how to calculate day sales in inventory |
| how to calculate stock turnover days |
| average inventory holding period formula |
| how to calculate inventory balance |
| how do i calculate inventory turnover |
| calculate days inventory outstanding |
| days to sell inventory ratio |
| average stock calculation formula |
| inventory turnover in days interpretation |
| average inventory turnover days |
| turnover days calculation |
| formula of average stock level |
| days sales in raw materials inventory formula |
| how to find average inventory on balance sheet |
| finding average inventory |
| inventory turns equation |
| how to work out stock turnover |
| inventory doh calculation |
| inventory turn rate formula |
| no of days inventory formula |
| calculate average inventory level |
| how do you calculate days in inventory |
| average cycle inventory formula |
| average inventory days outstanding formula |
| how is average inventory calculated |
| stock turn calculation uk |
| average inventory balance formula |
| average days to sell inventory calculator |
| how to calculate doh inventory |
| average stock held formula |
| how to compute days in inventory |
| formula of inventory days |
| how to calculate inventory turnover ratio from annual report |
| days turnover ratio |
| how to calculate stock holding days |
| how to find the inventory turnover |
| formula for days inventory outstanding |
| inventory turns calculation example |
| average stock value formula |
| how to get the average inventory |
| how do you calculate days sales in inventory |
| days on hand calculation excel |
| stock days calculation formula |
| how to find inventory days |
| days in inventory formula excel |
| how to find average inventory level |
| how to calculate average inventory days |
| formula for figuring days sales in inventory |
| how to calculate average inventory for inventory turnover ratio |
| how to get inventory turnover ratio |
| how to calculate average inventory operations management |
| inventory holding period ratio formula |
| stock holding days calculation |
| days stock on hand formula |
| how to calculate inventory turnover from balance sheet |
| inventory turn ratio calculation |
| inventory conversion cycle formula |
| stock turnover day formula |
| average stock turnover formula |
| stock turnover ratio in days formula |
| average inventory turnover rate |
| formula for average inventory level |
| inventory days equation |
| inventory turns calculation formula |
| stock turn ratio formula |
| inventory conversion period calculator |
| calculation of average inventory |
| how to calculate raw materials inventory turnover |
| how to calculate stock turn rate |
| how do you calculate days on hand inventory |
| stock turnover days ratio |
| stock day calculation |
| how to calculate inventory turnover ratio in days |
| how to calculate inventory to sales ratio |
| how to calculate days sales inventory |
| average age inventory formula |
