The Calculating Model of Inventory Turnover Based on Time Value
Zhuo Qu, Bing Zhao
Available Online December 2016.
- https://doi.org/10.2991/seiem-16.2016.12How to use a DOI?
- inventory management, time value, inventory turnover rate
- Inventory management level could represent a company's operating performance, and the rate of inventory turnover directly reflects the level of profits. Inventory being too high will make the enterprise be immersed in vicious spiral, and eventually lead to lower profits. Quick turnover rate can bring about many benefits for enterprises. So how to calculate the rate of inventory turnover becomes necessary. The traditional calculation method of inventory turnover rate was investigated firstly, and the existing problems were pointed out. A new model for calculating the rate of inventory turnover was established by introducing the time value theory of money. It is of reliable reference value for enterprises.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Zhuo Qu AU - Bing Zhao PY - 2016/12 DA - 2016/12 TI - The Calculating Model of Inventory Turnover Based on Time Value BT - Proceedings of the 2016 International Seminar on Education Innovation and Economic Management (SEIEM 2016) PB - Atlantis Press SP - 51 EP - 54 SN - 2352-5398 UR - https://doi.org/10.2991/seiem-16.2016.12 DO - https://doi.org/10.2991/seiem-16.2016.12 ID - Qu2016/12 ER -