GITNUX MARKETDATA REPORT 2024

Statistics About The Average Inventory Turnover

The average inventory turnover ratio provides insight into how efficiently a company is managing its inventory by measuring the number of times inventory is sold and replaced over a specific period.

With sources from: investopedia.com, vendhq.com, readyratios.com, bizfluent.com and many more

Statistic 1

The average inventory turnover in retail is about 8 times per year. The ideal number is considered to be 5 - 10 times per year.

Statistic 2

In the grocery industry, the average inventory turnover ratio is quite high approximately around 14-17.

Statistic 3

In the pharmaceutical industry, the average inventory turnover ratio is on a lower side, approximately around 12.

Statistic 4

The automotive industry average inventory turnover ratio is about 10.

Statistic 5

Consumer durable goods industry's average inventory turnover is around 5.

Statistic 6

The Furniture industry's average inventory turnover ratio is around 6.

Statistic 7

Construction industry has an average inventory turnover of about 13.

Statistic 8

Brewery industry's average inventory turnover ratio is approximately 8.

Statistic 9

For the Restaurant sector, the average inventory turnover ratio is typically around 25-30.

Statistic 10

Food Service industry typically sees an average inventory turnover ratio of around 25-30.

Statistic 11

In the Gaming industry, the average inventory turnover ratio is around 60 times per year.

Statistic 12

For Household appliances, the average inventory turnover ratio is 6.

Statistic 13

In the Publishing industry, an average inventory turnover ratio of around 1 to 2 is typical.

Statistic 14

For Specialty Stores, the average inventory turnover ratio often falls between 2 to 3.

Statistic 15

In the electronics industry, the average inventory turnover ratio is around 5.

Sources Icon Sources

In this post, we will explore various industries and their average inventory turnover ratios. Understanding these statistics provides valuable insights into the efficiency and performance of different sectors in managing their inventory levels. From retail and grocery to pharmaceuticals and gaming, each industry’s turnover rate offers a glimpse into its operational dynamics. Let’s dive into the numbers to uncover trends and benchmarks across diverse sectors.

Statistic 1

"The average inventory turnover in retail is about 8 times per year. The ideal number is considered to be 5 - 10 times per year."

Sources Icon

Statistic 2

"In the grocery industry, the average inventory turnover ratio is quite high approximately around 14-17."

Sources Icon

Statistic 3

"In the pharmaceutical industry, the average inventory turnover ratio is on a lower side, approximately around 12."

Sources Icon

Statistic 4

"The automotive industry average inventory turnover ratio is about 10."

Sources Icon

Statistic 5

"Consumer durable goods industry's average inventory turnover is around 5."

Sources Icon

Statistic 6

"The Furniture industry's average inventory turnover ratio is around 6."

Sources Icon

Statistic 7

"Construction industry has an average inventory turnover of about 13."

Sources Icon

Statistic 8

"Brewery industry's average inventory turnover ratio is approximately 8."

Sources Icon

Statistic 9

"For the Restaurant sector, the average inventory turnover ratio is typically around 25-30."

Sources Icon

Statistic 10

"Food Service industry typically sees an average inventory turnover ratio of around 25-30."

Sources Icon

Statistic 11

"In the Gaming industry, the average inventory turnover ratio is around 60 times per year."

Sources Icon

Statistic 12

"For Household appliances, the average inventory turnover ratio is 6."

Sources Icon

Statistic 13

"In the Publishing industry, an average inventory turnover ratio of around 1 to 2 is typical."

Sources Icon

Statistic 14

"For Specialty Stores, the average inventory turnover ratio often falls between 2 to 3."

Sources Icon

Statistic 15

"In the electronics industry, the average inventory turnover ratio is around 5."

Sources Icon

Interpretation

The analysis of various industries' average inventory turnover ratios provides valuable insights into the efficiency and performance of inventory management practices across different sectors. Retail, automotive, consumer durable goods, and furniture industries exhibit moderate inventory turnover rates, while the grocery and construction industries demonstrate higher turnover ratios. In contrast, pharmaceuticals, household appliances, publishing, and specialty stores have lower turnover rates. The restaurant, food service, and gaming industries stand out with remarkably high turnover ratios, highlighting the fast-paced nature of their businesses. The electronics industry falls within the mid-range of inventory turnover ratios. By understanding these industry-specific benchmarks, businesses can benchmark their own inventory turnover performance and make informed decisions to optimize their inventory management strategies accordingly.

Can You Trust Our Report?

The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.

Learn more about our process here.

Submit Your Own Statistic Data

Would you like to submit your own researched statistics on this topic? You are welcome to use the form below and submit your suggestion to us. We will check the source and approve it if necessary.

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!