My calculation for stock turnover is the cost of goods sold / average stock holding. A bit rough but to me the average stock holding is the opening stock plus the closing stock divided by 2.
So (for 2019) - 222 / ((109+88)/2)
= 222 / (197/2)
= 222 / 98.5
= 2.25 times
or
222 / 109 = 2.04
Because the stock valuation is at cost, it's appropriate to divide the stock into the cost figure (COGS) and not the sales figure.
My calculation for stock turnover is the cost of goods sold /...
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| Open | High | Low | Value | Volume |
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