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The average number of days stock is held before it is sold.
DIO (also called Days Sales of Inventory) expresses inventory turnover as a number of days. It tells you, on average, how long capital sits in stock before being sold.
Lower is usually better for cash flow, but the ideal varies sharply by industry and product shelf life.
DIO = (Average inventory ÷ COGS) × 365
The inverse view of inventory turnover.