Operations5 min read

Inventory Turnover: Metrics That Actually Matter

Stop Counting Units — Count Days

Most sellers obsess over total units sold. That's vanity. The real metric is days inventory outstanding (DIO) — how long capital sits in inventory before it converts to cash.

Key Metrics to Track

1. Days Inventory Outstanding (DIO)

Formula: (Average Inventory Value / Cost of Goods Sold) × Days in Period

Target: 7-14 days for electronics wholesale. Every day below 10 is competitive advantage.

2. Inventory Turnover Ratio

Formula: COGS / Average Inventory Value

Target: 26-52 annual turns (meaning inventory cycles 2-4x per month).

3. Cash Conversion Cycle

Formula: DIO + DSO (days to collect payment) - DPO (days to pay suppliers)

Target: -5 to +15 days. Negative means suppliers finance your growth.

Same $50k capital — different DIOAnnual revenue
Seller A5-day DIO · 52 turns/yr
$1300k
Seller B14-day DIO · 26 turns/yr
$650k
Seller C30-day DIO · 12 turns/yr
$300k

Seller A earns 4x more than Seller C on identical capital and margins. The only difference: inventory velocity.

Why This Matters

Two sellers with identical margins can have wildly different profitability:

    How to Improve Your Metrics

      The Bottom Line

      Capital velocity beats margin percentage every time. A 20% margin with fast turns beats 35% margin with slow turns.

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