The Number of Days of Inventory is an activity ratio that represents the average number of days required for a firm to convert its inventory into sales. It is equal to the number of days in a period divided by the inventory ratio for the period.
This is an open-access Excel template in XLSX format that will be useful for anyone who wants to work as an Accountant, Financial Analyst, Corporate Finance Practitioner, or Finance Manager.
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Number of Days of Inventory is among the topics included in the Corporate Finance module of the CFA Level 1 Curriculum.