单词 | NUMBER OF DAYS OF INVENTORY ON HAND |
释义 | The average number of days that an item spends as a part of an inventory, expressed as a ratio. It is used to determine the quality of inventory control and thus is a good measure in determining the company’s operating cycle. It is the product of the number of days in a year and the number of units in the inventory. The yearly usage is expressed in number of units. |
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