The average level of stock in a given point of the supply chain at a given point in time.
Categorized as current assets, Inventory includes those assets purchased for the manufacturing of product or in wholesale/retail business bought for the purpose of reselling them at a profit.
Also called stock. These are materials that you purchase with the intent to sell, but you haven't sold them yet. Inventory is found on the balance sheet under assets. It is considered a current asset because you will convert it into cash as soon as you sell it.
The working stock of a refiner, jewelery manufacturer, wholesales or bullion dealer.
the stock kept on hand.
Stock-on-hand. An analysis of inventory in the store which provides the company with valuable information regarding shrink, inventory level and management performance.
various stocks on hand for resale or manufacturing purposes
Amounts relating to all stock of materials for external resale, calculated as the lower of cost and net realizable value.