Inventory turnover is defined as the amount of time a particular item spends in a company’s inventory, from its purchase till when it is sold. The financial unit known as the inventory turnover ratio depicts how many times a company sells its entire inventory in a given period. For omnichannel retailers, inventory turnover is a benchmark that measures how quickly a company sells its products. It enables them to efficiently manage assets, as well as help, decide when and how to invest in new items.