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How to Define a Business Unit
How to Define a Matrix Structure
How to Define a Payback Period
How to Define a Purchase Discount
How to Define a W-2 Form
How to Define an Interest Expense
How to Define an Inventory Turn
How to Define Capital Expenditure
How to Define Cost Plus Profit
How to Define CPI
How to Define Gross Profit
How to Define Gross Profit Percentage
How to Define Inventory Turnover Ratio
How to Define Margins
How to Define Operating Income
How to Define Operating Margins
How to Define Opportunity Costs
How to Define Perpetuity
How to Define PERT
How to Define Retail Margins
How to Define Simple Interest
How to Define Static Budgets
How to Define Strategy Development
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Summary: Inventory turn is used to measure the efficiency of a business by looking at the number of time inventory has been bought and sold. Find out more about inventory turn, and how it looks at beginning and ending balances in inventory, with information from a certified public accountant in this free video on accounting terms.
Henry Gutter is a certified public accountant located in El Segundo, Calif. With more than 25 years of experience in finance and accounting, Gutter continues to practice with a diverse...read more
"Let's talk about inventory turn. In measuring the efficiency of our business, one of the measurement tools that we use is the inventory turn. We look at the number of units and the dollars we spent on inventory that we purchase for resale. And we calculate based on the beginning and the ending balances in inventory, the number of times that we purchase and sold that inventory. Efficiency would dictate that we have a turn which is high as possible; which means that capital is not tied up in the, in the ownership of that inventory for too long a time."
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