Check the expiration dates on packages like pancakes and cake mixes that have yeast which over time develop spores. Apparently, the mold that forms in old mixes can be toxic! Throw away ALL OUTDATED pancake mix, brownie mixes, Bisquick, cake & cookie mixes, etc., you have in your home.
Inventory Turnover Ratio. Inventory turnover is an efficiency ratio which calculates the number of times per period a business sells and replaces its entire batch of inventories. It is the ratio of cost of goods sold by a business during an accounting period to the average inventories of the business during the period.
SHARE SHARE TWEET EMAIL. Inventory turnover is a ratio that shows how efficiently your company sells through products. In general, a high turnover is beneficial because it means you are generating sales efficiently to sell inventory.However, your high or low turnover may be a sign of other potential concerns in your inventory management system.verage inventory is the value of your inventory during a given period. Food example, a cost of goods of $50,000 divided by average inventory of $25,000 equals a ratio of two. This means you turned over your inventory twice in a given period.