Premium Reports - Inventory Turnover

Inventory Turnover

These reports are used for measuring how much inventory has been sold and replaced over a given period of time. You can customize this time period via the date range (top right). 

Inventory History needs to be enabled by our Report Toaster staff. Please contact us to support@cloudlab.com so we can set these reports up for your account

As Premium Reports, these are available on all Paid Plans of Report Toaster. If you aren't signed up, follow these steps to upgrade your account. 

Please note - Inventory History is only tracked from the time this feature is enabled for your account.

For example, if we enabled the feature for you on 6/20/23, you would have Inventory history from this date onwards

Note that only items that have been sold are included on a Turnover report.

Generally speaking, a good high inventory turnover percentage indicates that a product is selling well and frequently needs to be restocked. 

A low inventory turnover percentage indicates that a product is selling infrequently, is overstocked, or both. See this Shopify guide here for more information.

These reports follow a similar format, split up into:

Inventory Turnover (Available)

This report is ideal for working out turnover based on the quantity sold compared to how much was in stock

Here are a few terms to be familiar with in order to understand Inventory Turnover (Available)

1.) Available (Start): The number of units/total cost of the product at the start of the time period. This is determined by the first date on the date range (top right). 

For example, the report is set to Last 30 Days and today is 9/26/25. If I had 398 Avocado Ahoy in stock on 8/27/25, then  Available (Start) would be 398 for that Product.

2.) Available (End): The number of units/total cost of the product at the end of the time period. This is determined by the last date on the date range (top right). 

If I now have 391 Avocado Ahoys left on 9/26/25 at the end of the time period, then Available (End) would be 391.

3.) Total Available (Avg of Range).  This is an average calculated by taking Available (Start) plus Available (End) divided by 2. 

For example, if the Available (Start) was 398 and the Available (End) was 391, then the Available (Avg of Range) would be (391+398)/2 = 394.5

4.) Inventory Turnover (Available). The Quantity of goods sold over the period divided by the Available (Avg of Range) and then multiplied by 100.

For example, if the Quantity sold was 1,600 and the Available (Avg of Range) was 394.5, then Inventory Turnover (Available) would be 1,600/394.5 x 100 = 405.58% 

5.) Stock to Sales Ratio. Available (End) divided by Quantity sold. 

For example, if the Available (End) was 391 and I sold 1,600, then Stock to Sales Ratio would be 391/1,600 = 0.24

Inventory Turnover (Cost)

This report is used to work out turnover based on the cost of goods sold (COGS) compared to the average cost in stock.

Here are a few terms to be familiar with in order to understand Inventory Turnover (Cost)

1.) Total cost (Start): The cost-based inventory value at the start of the time period. This is determined by the first date on the date range (top right). 

For example, the starting cost value of the Avocado Ahoy 30 days ago (on 8/27/25) was $3,383.00. 

2.) Total cost (End): The cost-based inventory value at the end of the time period. This is determined by the last date on the date range (top right). 

For example, the ending cost value of the Avocado Ahoy today is $3,323.50. 

3.) Total cost (Avg of Range): This is an average calculated by taking Total cost (Start) plus Total cost (End) divided by 2. 

For example, if the Total cost (Start) was $3,383.00 and Total cost (End) was $3,323.50, then the Total cost (Avg of Range) would be (3,383.00 + 3,323.50)/2 = $3,353.25

4.) Cost: The total Cost of goods sold (COGS) over the period

For example, if I sold 603 Avocado Ahoys at a cost of $8.50 each. then the Cost would be $5,125.50

5.) Inventory Turnover (Cost): The total Cost of goods sold (COGS) over the period divided by the Cost (Avg of Range) and then multiplied by 100.

For example, if the Cost of goods sold was $5,125.50 and the Cost (Avg of Range) was $3,353.25, then Inventory Turnover (Cost) would be 5,125.50/3,353.25 x 100 = 152.85% 

6.) Gross Profit: The Net Sales minus the Cost of Goods Sold (COGS).

For example, if the Net Sales was $12,142.68 and the Cost was $5125.50, then the Gross Profit would be 12,142.68 - 5125.50 = $7,017.18

7.) GMROI: The Gross Margin Return on Investment (GMROI), which is Gross Profit divided by Cost, as a ratio

For example, if the Gross Profit was $7,017.18 and the Cost was $5,125.50, then 7.017.18 / 5,125.50 = 1.37

Like all Report Toaster reports, these reports are fully customizable - so you can adjust the date range, add/remove columns, introduce a filter or change the sort to suit your individual needs. See our basic guides here for more info.

If you want to see your Inventory History, check out our similar reports here.

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