- Industry: Retail
- Number of terms: 13685
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The number of times the total value of products displayed in retail stores is sold and replaced each year. For example, if a store sells $5,000 worth of a product at cost to stores each year and maintains a $500 inventory, turnover is 10.
Industry:Retail
The number of times the total value of products stored in the distribution center at any one time is sold and replaced each year. Computed by dividing the annual cost of goods sold by average inventory on hand at cost.
Industry:Retail
