Reports Section for Retail Formulas
It would be quite easy with all the data in Dear to create some great reports based on retail formulas... (excuse me if they are already here, I am still finding my way around the program)
GMROI = Gross Margin ÷ Average Inventory Cost
A measure of inventory productivity that expresses the relationship between your total sales, the gross profit margin you earn on those sales, and the number of dollars you invest in inventory.
Average Inventory (Month) = (Beginning of Month Inventory + End of Month Inventory) ÷ 2
Average Inventory is used to Calculate by Adding up the inventory at beginning of Month and inventory at end of month and divided by 2. It compute Inventory Turn Rate and Gross Margin Return of Inventory, so it is an extremely important figure.
Inventory Turnover = Net Sales ÷ Average Retail Stock
Inventory turnover is an equation that measures the number of times inventory is sold or used over in a period such as a year. The equation equals the cost of goods sold divided by the average inventory. Inventory turnover is also known as inventory turns, stockturn, stock turns, turns, and stock turnover.
Maintained Markup ($) = (Original Retail - Reductions) - Cost of Goods Sold
Maintained Markup (%) = Maintained Markup($) ÷ Net Sales Amount
Stock to Sales Ratio
Stock-to-Sales = Beginning of Month Stock ÷ Sales for the Month