Merchandise Inventory Turnover Ratio

Merchandise inventory turnover ratio, abbreviated as MI, measures how well a company is turning their inventory into sales.

 

merchandise inventory turnover ratio Formula

\(\large{ MI =  \frac{ COS }{ A }  }\)

Symbol

\(\large{ MI }\) = merchandise inventory turnover ratio

\(\large{ A }\) = average

\(\large{ COS }\) = cost of sales