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 Definition of Days of finished goods inventory ratio - Finance dictionary
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Days of finished goods inventory ratio (See Chapter 11 of the Vernimmen)
Days of finished goods inventory ratio reflects the time it takes the company to sell the products it manufactures, and calculated with respect to cost of goods sold. This ratio is obtained by dividing the inventory of finished goods by daily cost of goods sold. If cost of goods sold is not available, then daily sales exclusive of VAT can be used to calculate this ratio.
Days of finished goods inventory ratio (See Chapter 11 of the Vernimmen)
Days of finished goods inventory ratio reflects the time it takes the company to sell the products it manufactures, and calculated with respect to cost of goods sold. This ratio is obtained by dividing the inventory of finished goods by daily cost of goods sold. If cost of goods sold is not available, then daily sales exclusive of VAT can be used to calculate this ratio.
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Days of finished goods inventory ratio (See Chapter 11 of the Vernimmen)
Days of finished goods inventory ratio reflects the time it takes the company to sell the products it manufactures, and calculated with respect to cost of goods sold. This ratio is obtained by dividing the inventory of finished goods by daily cost of goods sold. If cost of goods sold is not available, then daily sales exclusive of VAT can be used to calculate this ratio.
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