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How to Calculate Employee Turnover. The basic formula for calculating employee turnover is: Step 1: Find your average number of employees. ((# of employees beginning of year) + (# of employees end of the year))/2 = average # employees. Step 2: Find the turnover rate. (the # of employees who left your company) / (Step 1âs answer) = turnover rate
Average inventory does not have to be computed on a yearly basis; it may be on a monthly or quarterly, depending on the amount of analysis required to assess the inventory account. Turnover Days in financial modeling. Below is an example of calculating the inventory turnover days in a financial mode. As you can see in the screenshot, the 2015 inventory turnover is 73 days, which is equal to accounts receivable divided by cost of goods sold times 365. Source: CFI financial modeling courses. Importance of Inventory Turnover for a Business