This includes the use of money, human capital, production equipment ... reduce operational costs. Efficiency can be expressed as a ratio by using the following formula: Output ÷ Input.

Rate of inventory turnover is an efficiency ratio which determines how quickly a firm goes through its stock. A high stock turnover is preferable as this means stock is selling – marketing and ...

The inventory turnover ratio can help businesses make better decisions on pricing, manufacturing, marketing, and purchasing. It is one of several common efficiency ... in the formula for inventory ...