Inventory turnover-most recent quarter (annualized)

This value measures how quickly the Inventory is sold. It is defined as Cost of Goods Sold for the most recent interim period divided by Average Inventory. Average Inventory is the average of the Inventory at the beginning and the end of the interim period. NOTE: This value is Not Meaningful (NM) for Banks and Insurance companies. The interim calculated value has been annualized to make it more readily comparable to the annual and TTM values.