What is GMROI?
GMROI is short for Gross Margin Return on Investment.  It's a metric used in retail to quantify the profitability of your purchased inventory.  The formula for it can be simplified to: Gross Margin / Average Cost of Inventory.
<START_INST>What is GMROI?<END_INST><START_CTX><END_CTX><START_A>GMROI is short for Gross Margin Return on Investment.  It's a metric used in retail to quantify the profitability of your purchased inventory.  The formula for it can be simplified to: Gross Margin / Average Cost of Inventory.<END_A>