| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Sales (sale_management)
• Discuss (mail) • Invoicing (account) • Inventory (stock) |
| Lines of code | 249 |
| Technical Name |
ito_stock_turnover_ratio |
| License | OPL-1 |
| Website | https://www.itoctal.com |
| Versions | 16.0 17.0 18.0 |
| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Sales (sale_management)
• Discuss (mail) • Invoicing (account) • Inventory (stock) |
| Lines of code | 249 |
| Technical Name |
ito_stock_turnover_ratio |
| License | OPL-1 |
| Website | https://www.itoctal.com |
| Versions | 16.0 17.0 18.0 |
Stock Turnover Ratio
The Stock Turnover Ratio Report is a critical financial analysis tool used to assess how efficiently a company manages its inventory. This report helps in understanding how frequently the stock is turned over during a specific period, reflecting the effectiveness of inventory management and sales strategies.
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Assessing Inventory Efficiency: A high stock turnover ratio suggests that the company is selling inventory quickly, which is generally positive as it indicates efficient inventory management and strong sales. Conversely, a low turnover ratio might point to overstocking, slow-moving inventory, or weak sales, signaling the need for better inventory or sales strategies.
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Identifying Slow-Moving Stock: By analyzing the turnover ratio for different product categories, businesses can identify slow-moving stock. This insight helps in deciding whether to discount, bundle, or discontinue these items, thus freeing up resources for more profitable inventory.
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Supporting Strategic Decision-Making: Insights from the stock turnover ratio can guide decisions on purchasing inventory, setting prices, and designing sales promotions. For instance, if the turnover ratio is low, the company might need to reduce purchase volumes or lower prices to stimulate sales.
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Trend Analysis Over Time: Tracking the stock turnover ratio over multiple periods (monthly, quarterly, annually) allows businesses to spot trends, such as seasonal fluctuations or the impact of specific strategies. This trend analysis is crucial for long-term planning and forecasting.
These key points illustrate how the Stock Turnover Ratio Report is an essential tool for businesses to analyze and improve their inventory management, ultimately driving better operational and financial performance.
Features
- Dynamic Date Range Selection with Product, Category, Warehouse and Company filters.
- Report By Warehouse/Company
- Opening Stock.
- Closing Stock.
- Average Stock.
- Total Sales.
- Average Daily Sales.
- Turnover Ratio.
Through the Inventory Reporting module, the user can access the Stock Turnover Ratio report.
Select the date range, and apply filters for different products, categories, and companies to generate the report by Warehouse/Company.
The report will be generated based on the filters applied.
- Yes, this app works seamlessly with both Odoo Enterprise (Odoo.sh & On-Premise) and Odoo Community editions.
- Yes, you will receive free updates for a lifetime.
- Please contact us at info@itoctal.com to request for the customization.
- No, there is no need to install any additional libraries.
- Yes, free support is available for 90 days.
Odoo Proprietary License v1.0 This software and associated files (the "Software") may only be used (executed, modified, executed after modifications) if you have purchased a valid license from the authors, typically via Odoo Apps, or if you have received a written agreement from the authors of the Software (see the COPYRIGHT file). You may develop Odoo modules that use the Software as a library (typically by depending on it, importing it and using its resources), but without copying any source code or material from the Software. You may distribute those modules under the license of your choice, provided that this license is compatible with the terms of the Odoo Proprietary License (For example: LGPL, MIT, or proprietary licenses similar to this one). It is forbidden to publish, distribute, sublicense, or sell copies of the Software or modified copies of the Software. The above copyright notice and this permission notice must be included in all copies or substantial portions of the Software. THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.
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