What Does TOF Stand For?
TOF stands for Turnover Frequency
Turnover Frequency (TOF) is a key performance metric used to measure the rate at which inventory or assets are replaced or sold over a specific period. It is calculated by dividing the total sales or turnover by the average inventory or asset value during that time frame. TOF provides insights into operational efficiency, inventory management, and overall financial health, helping businesses optimize their resources and improve profitability.
Added on 14th April 2008 | Last edited on 16th June 2025 | Edit Acronym