Inventory turnover rate is a key financial metric that measures how many times a company has sold and replaced its inventory over a period. A higher inventory turnover rate generally indicates efficient inventory management and strong sales, while a low rate might suggest overstocking, poor sales, or obsolete inventory.
function calculateInventoryTurnover() {
var cogs = parseFloat(document.getElementById("costOfGoodsSold").value);
var avgInventory = parseFloat(document.getElementById("averageInventoryValue").value);
var resultDiv = document.getElementById("result");
resultDiv.innerHTML = ""; // Clear previous results
if (isNaN(cogs) || isNaN(avgInventory)) {
resultDiv.innerHTML = "Please enter valid numbers for all fields.";
return;
}
if (avgInventory <= 0) {
resultDiv.innerHTML = "Average Inventory Value must be greater than zero.";
return;
}
var inventoryTurnoverRate = cogs / avgInventory;
resultDiv.innerHTML = "