The inventory turnover ratio measures the efficiency of the venture in managing its inventory.

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The inventory turnover ratio is a financial ratio that measures the number of times a company sells and replaces its inventory over a given period. It is a measure of how well a company is managing its inventory and is a key indicator of its operational efficiency. A higher turnover ratio indicates that the company is more efficient in managing its inventory and is selling its products more quickly, while a lower ratio may indicate that the company is carrying excess inventory or has inefficiencies in its supply chain.

The Inventory Turnover Ratio Measures the Efficiency of the Venture