The kind of business is food industry services.  This ratio comes out when I total the FG Turnover + WIP Turnover +RM Turnover. The inventory turnover ratio comes out is 358.88.  Give me an analyzation or interpretation for inventory turnover ratio of 358.88. Thank youuu.:)

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Inventory Valuation

Before discussing the topic inventory valuation let’s discuss the meaning of inventory. In accounting, inventory is also known as stock. Inventory means all the finished goods, materials, merchandise that a business holds for the purpose of selling it in the market with the motive of earning profit.