AVERAGE AGE OF INVENTORY Definition

Bookmark and Share

AVERAGE AGE OF INVENTORY is calculated by the formula: 365 / inventory turnover.

Learn new Accounting Terms

KIKIN, in Japan, is a capital foundation fund.

OVERAGE is that amount, as in money or goods, that is actually on hand and exceeds the desired or listed amount in records or books. Also known as SURPLUS.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.