Stock turn

Stock turn

1) (1) The rate at which warehouse stocks (ie inventory) turns over (ie number of times replaced in a given period - usually one year). Generally, it is preferable to have a high stock turn: this indicates fast moving business. (2) The number of times that an inventory turns over during the year and normally obtained by dividing the average inventory value into the annual cost of sales. (Source: ILT Supply-Chain Inventory Management SIG)

Source: David Lowe. The Dictionary of Transport and Logistics. Kogan Page, 2002. – P.233 (288 p.)