We are taking two companies Kimberly Clark (In Consumer industry) and Tesla ( In Automobile industry)

Turnover ration can be calculates using COGS / Average inventory

Kimberly Clark (Consumer Industry)

Inventory turnover 2019 = 12415 / 2263= 5.486

Inventory turnover 2018 = 12889 / 2164 = 5.956

Inventory turnover 2017 = 11,761 / 2035 = 5.779

Inventory turnover 2016 = 14,205 / 2175 = 6.531

Inventory turnover 2015 = 10,601 / 1935 = 5.478

Tesla ( Automobile industry)

Inventory turnover 2019 = 20509 / 1324= 15.4

Inventory turnover 2018 = 17419 / 949 = 18.35

Inventory turnover 2017 = 9536 / 723 = 13.18

Inventory turnover 2016 = 9850 / 714= 13.79

Inventory turnover 2015 = 11,761 / 825 = 14.255

It is observed that the turnover ratio in automotive industry is very high nearly 3 times in that of consumer goods. This is due to the fact that COGS are higher In automotive industry. As compared to the consumer industry the AR are fairly low.