Proceedings of the 2016 International Seminar on Education Innovation and Economic Management (SEIEM 2016)

The Calculating Model of Inventory Turnover Based on Time Value

Authors
Zhuo Qu, Bing Zhao
Corresponding Author
Zhuo Qu
Available Online December 2016.
DOI
https://doi.org/10.2991/seiem-16.2016.12How to use a DOI?
Keywords
inventory management, time value, inventory turnover rate
Abstract
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.
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Proceedings
2016 International Seminar on Education Innovation and Economic Management (SEIEM 2016)
Part of series
Advances in Social Science, Education and Humanities Research
Publication Date
December 2016
ISBN
978-94-6252-273-2
ISSN
2352-5398
DOI
https://doi.org/10.2991/seiem-16.2016.12How to use a DOI?
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  - 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  -