See Also: Inventory(medicine)
inventory(dictionary)
inventory(encyclopedia)
inventory(dictionary)
Inventory(money)
Inventory(finance)
Inventory turnover(finance)
Obsolete inventory(finance)
Inventory Turnover(money)
Management Inventory(money)

inventory (sh)




In business, any item of property held in stock by a firm, including finished goods held for sale, goods in the process of production, raw materials, and items that will be consumed in the process of producing salable goods.

Inventories appear on a company's balance sheet as assets. Inventory turnover, which indicates the rate at which goods are converted into cash, is a key factor in appraising a firm's financial condition. For financial statements, inventories may be priced either at cost or at market value.