Gross and True Turns

[Fixedopsmgr]

I know that I have this info somewhere but I thought I would ask for it in this forum. I am looking for the calculations for gross and true turns on my inventory.

Thanks

[Gary J. Naples]

Gross Turns = Cost of Sales divided by Inventory Value

True Turns = Stock Order Purchases divided by Inventory Value

or

Gross Turns X Stock Order Performance

Hope this helps.

Gary J Naples
FREELANCE ASSOCIATES, INC.

[turbo59]

what is the method for figuring 45 days cost of sale over a three month period?


turbo59

on the learning curve....

[scotstrong]

turbo59:

Take six months cost of sales (sales minus gross profit), add together (which equals 180 days), then divide by 4 to get 45 days cost of sales.

[This message has been edited by scotstrong (edited 11-01-2002).]

[jazdale]

I hate to nit-pick

3 months = 90 days, not 180

[scotstrong]

thanks jazdale, i have edited my dislexic response.