food inventory turnover usually indicates increased sales although it can indicate waste, spoilage or theft. If high value beverages are held in stock, such as expensive wine, the beverage turnover rate will often stay low. The formula used to compute inventory turnover is as follows: Cost of Food Consumed = Food Inventory Turnover Average Inventory Value Cost of Beverages Consumed Beverage Inventory = Turnover Average Inventory Value
food inventory turnover usually indicates increased sales although it can indicate waste, spoilage or theft. If high value beverages are held in stock, such as expensive wine, the beverage turnover rate will often stay low. The formula used to compute inventory turnover is as follows: Cost of Food Consumed Average Inventory Value = Food Inventory Turnover Cost of Beverages Consumed Average Inventory Value = Beverage Inventory Turnover
TM_Monitor_catering_revenue_&_costs_refined.docx