Inventory turnover is the average number of times a consumer buys a particular product per year.

Name: Inventory turnover is the average number of times a consumer buys a particular product per year.
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Inventory turnover measures how quickly a business is selling and replenishing its inventory, not how often individual consumers are buying a specific product. It is calculated by dividing the cost of goods sold by the average inventory value.

Inventory Turnover Is the Average Number of Times a Consumer