Inventory Turnover Ratio Yang Baik

Know when to discount

When inventory sits in your store for a long time, it takes up space that could be used to house better selling products. By hanging onto that old inventory, you could be missing the opportunity to sell another product several times over. With that in mind, offering discounts or a buy-one-get-one deal to move old inventory can be a worthwhile strategy.

This article originally appeared on Fundera, a subsidiary of NerdWallet.

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Perbaiki Strategi Harga Produk

Perusahaan dapat memperbaiki strategi dalam menentukan harga produk untuk meningkatkan volume penjualan.

Dengan melakukan evaluasi dan analisis yang cermat, perusahaan dapat mengimplementasikan strategi penetapan harga yang efektif.5

Apa Itu Inventory Turnover?

Inventory turnover adalah rasio keuangan yang mengukur seberapa sering perusahaan menjual dan mengganti persediaan dengan membandingkan harga pokok penjualan (HPP) dengan rata-rata persediaan dalam periode tertentu.

Rasio itu mengacu pada jumlah hari rata-rata yang dibutuhkan perusahaan untuk menjual persediaan. Rasio ini dapat dihitung dengan membagi jumlah hari dalam periode tersebut dengan rasio perputaran persediaan.

Rumus atau cara menghitung inventory turnover ratio adalah:

Inventory Turnover = Harga pokok penjualan (HPP) / Nilai rata-rata persediaan1

Dengan menghitung inventory turnover, perusahaan dapat mengevaluasi seberapa cepat persediaan berputar dan berapa kali persediaan dijual dan digantikan dalam satu periode waktu.

Jika hasilnya rendah, rasio itu menunjukkan bahwa persediaan berputar lambat dan perusahaan mungkin memiliki persediaan yang terlalu besar atau tidak efisien dalam manajemen persediaan.

Sebaliknya, rasio yang tinggi menunjukkan persediaan berputar dengan cepat. Secara umum, rasio inventory turnover yang baik adalah rasio yang tinggi. Namun, rasio yang sangat tinggi juga dapat menunjukkan risiko kekurangan persediaan.

Cara Shell Mendukung Inventory Turnover Ratio Perusahaan Anda

Untuk mengoptimalkan inventory turnover ratio perusahaan yang memiliki armada, maka yang perlu dilakukan adalah memanfaatkan teknologi solutif.

Salah satu teknologi yang bisa dimanfaatkan untuk mendukung sistem manajemen inventaris terotomatisasi yang baik adalah Shell Fleet Insight melalui kartu bahan bakar Shell Card.

Shell Card menawarkan sejumlah manfaat yang dapat membantu Anda menghemat waktu, uang, dan mengatasi masalah terkait pengelolaan armada perusahaan.

Kenapa Anda perlu mencoba Shell Card? Karena dengan Shell Card. Anda dapat:

Berbagai data dan informasi dari 2 manfaat utama itu akan membantu Anda membuat keputusan yang lebih cerdas, efektif, serta efisien demi bisa mengoptimalkan operasional kendaraan perusahaan.

Selain itu, Anda dapat melakukan pengisian bahan bakar di seluruh SPBU Shell yang dapat menghemat bahan bakar hingga 3% dan jarak tempuh kendaraan dapat lebih jauh.

Dengan teknologi terkini, Shell Card dapat membantu perusahaan mengurangi waktu administrasi, membantu menjaga inventory turnover ratio yang baik, serta memantau penggunaan bahan bakar armada secara online.

To generate cash and pay the bills, you need to sell what you buy.

Inventory turnover rate helps you understand how fast inventory moves through your warehouses. A high inventory turnover rate suggests optimal performance, while lower turnover means inefficiency.

Knowing your inventory turnover ratio can help you make smarter decisions on pricing, manufacturing, and inventory management. It will help you balance stocking the right amount of products with maintaining a healthy bottom line.

Want in on the action? Learn everything you need to know about inventory turnover ratio in this article.

How is inventory turnover ratio calculated?

To calculate the inventory turnover ratio, divide your business’s cost of goods sold by its average inventory.

As an example, let’s say that a business reported the cost of goods sold on its income statement as $1.5 million. It began the year with $250,000 in inventory and ended the year with $750,000 in inventory.

Average inventory = ($250,000 + $750,000) / 2 = $500,000

Cost of goods sold = $1.5 million

Inventory turnover ratio = $1.5 million / $500,000

Inventory turnover ratio = 3

This means the business sold out its entire inventory three times over throughout the fiscal year. Put another way, it takes an average of about 122 days (365 / 3) to sell out its inventory.

What does inventory turnover ratio tell you?

Inventory turnover ratios can hint at whether there’s room for your sales and inventory management processes to improve. Here are several ways to address a low inventory turnover ratio:

Over-ordering or producing larger batches of a product than you can sell is a common culprit of a low inventory turnover ratio. While you never want to order so little product that your shelves are bare, it's typically in your best interest to order conservatively, especially for a new product that you've never offered before.

Identify which products are likely to be “impulse buys” for your customers and move them to high-traffic areas of your store. You can apply this same principle when you build your e-commerce website by featuring a particular product on your homepage or making a particular product image larger and more prominent within a section. As you test out different placements, pay attention to your inventory turnover ratio before and after each change to help you determine what’s working and what isn’t.

Advertising and marketing efforts are another great way to boost your inventory turnover ratio. Consider promoting products that have been sitting around for a while to consumers outside your established customer base. You could also use email marketing and social media marketing to highlight specific products to existing and prospective customers.

Tips Mengoptimalkan Inventory Turnover Ratio

Untuk meningkatkan inventory turnover ratio, perusahaan dapat mengadopsi beberapa langkah berikut:

How to use inventory turnover ratio

Now that you’ve figured out your ITR, let’s look at how to use it in your retail or ecommerce store.

When demand forecasting, you making predictions about future sales based on past sales data that are both qualitative and quantitative. Knowing how well you did in historical sales through each quarter makes it easier to plan for the next one and not get stuck with unsold goods.

Demand forecasting also helps with figuring out tasks like weighing the pros and cons of opening another store, inventory control, or planning for holiday sales, where you’ll need to order ahead for additional inventory.

Say you sell car parts and your historical inventory turnover ratio points to sales picking up the second quarter of the year. That gives you foresight into the amount of inventory you need to order months ahead of time to be ready for strong sales.

What does an inventory turnover ratio of 1.5 mean?

An inventory turnover ratio of 1.5 means that a company has sold its entire inventory 1.5 times in a given period of time. This indicates that the company is selling its inventory at a good rate and that it is managing its inventory efficiently.

What is a good inventory turnover ratio?

The higher your inventory turnover ratio, the better — within reason. Small-business owners should consider their product type and which inventory turnover ratio range is considered normal for their industry.

For example, grocery stores, bakeries and other businesses that sell food and perishable goods typically need to have the highest inventory turnover, because their products will expire and lose their value much faster than, say, a designer shoe store's inventory.

However, for non-perishable goods like shoes, there can be such a thing as an inventory turnover that's too high. While high inventory turnover can mean high sales volumes, it can also mean that you're not keeping enough inventory in stock to meet demand.

If your inventory turnover is low, your stock might be spending too much time sitting on your shelves, not being sold. That translates into money being wasted on inefficiently used storage space, plus the possibility that the longer the inventory sits around, the more likely it’ll get damaged or depreciate in value.