Merchandise Inventory Turnover Ratio Formula |
| \( MI \;=\; \dfrac{ COS }{ A }\) |
| Symbol |
| \( MI \) = merchandise inventory turnover ratio |
| \( A \) = average |
| \( COS \) = cost of sales |
Merchandise inventory turnover ratio, abbreviated as MI, measures how well a company is turning their inventory into sales.
