How Odoo reports inventory turnover.
A short reference for the finance team reconciling the number on this calculator with the number Odoo returns. Report name, the menu path, the costing assumptions, and the one caveat that bites most often.
What this page is, and what it is not
This is not a buy/don’t-buy review of Odoo, and it is not a pricing comparison. Inventory turnover is a formula, not a software market: any general ledger that posts COGS and tracks inventory value can produce the ratio. This page exists for the moment a CFO runs our calculator on the trial balance, runs the Odoo report, and gets two different numbers. Below is why.
Where the turnover report lives
Odoo’s report is called Inventory Analysis dashboard and Stock Valuation. The path is Inventory > Reporting > Inventory Analysis.
What the report counts as COGS
Anglo-Saxon accounting: COGS posted at delivery; Continental accounting: COGS posted at invoice. Choice affects period attribution..
What the report counts as inventory
Odoo uses the configurable inventory basis by default. Our calculator defaults to average inventory (beginning plus ending, divided by two). If you want the two numbers to agree, set both to the same basis before reconciling. See average vs ending inventory for the trade-off.
How Odoo annualises
Manual on the standard dashboard; OdooStudio reports can compute annualised turnover with a custom measure.
The one caveat that bites
Costing method per product category (standard, FIFO, AVCO): mixed-method databases need a category-level breakdown before a single-number turnover is defensible.
Reconciling the Odoo number with this calculator
- In Odoo, run Inventory Analysis dashboard and Stock Valuation for the same window you used in our calculator (calendar year, fiscal year, or trailing twelve months).
- Set inventory basis to match: our calculator uses average by default; Odoo uses configurable. Either change ours via the toggle, or pull the second balance point from Odoo and average it yourself.
- Confirm the COGS number matches your P&L. If Odoo is upstream of your GL (for example Cin7 or Fishbowl feeding QuickBooks), wait for the sync to clear before comparing.
- Apply the caveat above. For mixed-method costing or multi-entity roll-ups, the single-number turnover is rarely defensible without a per-segment breakdown.
Pricing context (for completeness, not the point)
Odoo publishes list pricing. Community Edition free, self-hosted. Standard $31.10/user/mo; Custom $46.80/user/mo (Inventory + other apps). See the vendor page for current tiers. Recent change: Odoo 18 released October 2024; turnover dashboards added to the Inventory app. Per-user pricing model held through 2026.
Related
- Our methodology - what this calculator does, and the auditor-preferred defaults.
- Average vs ending inventory - the basis choice that determines whether your number and Odoo’s number agree.
- Vendor compare pages - head-to-heads framed around the turnover-reporting workflow.