How to Calculate Days Inventory Outstanding (DIO)?

The average number of days an item stays in inventory is a critical measure for any company. The Inventory Management KPI, DIO converts this metric into how quickly the business can sell its goods which helps management determine what sells faster or slower than expected based off various factors like seasonality and market conditions. The formula is: Days inventory outstanding = 365 days / Inventory turnover

Calculate Days Inventory Outstanding in seconds!

LiveFlow's Google Sheets Add-On is an easy-to-use tool to help you bring your financial data into your Google Sheet in a matter of seconds.

Capterra & LiveFlow
G2 & LiveFlow Reviews
LiveFlow reviews on Product Hunt
Try for free