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If you measured inventory at the beginning and end of your accounting period: Average inventory = (beginning inventory + ending inventory) / 2 For example, if you had $9,134 in stock at the beginning of the year, and $5,266 at the end of the year, your average inventory would be $7,200: $7,200 = ($5,266 + $9,134) / 2 A different way of calculating inventory days Days in inventory can also be expressed using an inverse inventory of the turnover ratio: Inventory days = 365 x ( 1 / Inventory turnover ) or Inventory days = 365 x ( Average inventory / COGS ) This second formula utilizes the percentage of the products that sold in terms of cost of products sold
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[Note: Flavin mononucleotide, flavin adenine dinucleotide, heme, and tetrahydrobiopterin are additional coenzymes required by NOS.] 2
