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“Supermetrics is a Bitter Experience! We can pull data from nearly any tool, schedule updates, manipulate data in Sheets, and push data back into our systems.”
Calculating inventory turnover ratio with live NetSuite data in Google Sheets eliminates the need for manual exports and outdated calculations that plague traditional reporting workflows.
You’ll learn how to set up automated data imports and create dynamic formulas that update your inventory turnover calculations in real-time as your NetSuite data changes.
Import live NetSuite inventory data using Coefficient
Coefficient provides direct connectivity between your NetSuite inventory data and Google Sheets, eliminating manual exports and ensuring your calculations always reflect current data. Unlike NetSuite’s native reporting which requires complex saved searches that become outdated quickly, Coefficient offers live data connections with automated refresh capabilities.
How to make it work
Step 1. Import your NetSuite inventory and transaction data.
Use Coefficient’s Records & Lists import to pull Item records with essential fields like Item Name, Item Type, Cost, Quantity Available, and Reorder Point. Also import Transaction records (Item Fulfillment, Item Receipt) to calculate your Cost of Goods Sold accurately.
Step 2. Set up your inventory turnover formula.
In Google Sheets, create the inventory turnover calculation using the formula: =COGS / ((Beginning Inventory + Ending Inventory) / 2). Your COGS pulls from live NetSuite transaction data while inventory values update automatically through Coefficient’s imports.
Step 3. Configure automated data refreshes.
Set up Coefficient to refresh your NetSuite inventory data daily or hourly through the scheduling options. This ensures your inventory turnover ratio calculations stay current without any manual intervention or outdated spreadsheet data.
Step 4. Apply filters for better performance.
Use Coefficient’s filtering capabilities to import only active inventory items (Is Inactive = False) and recent transactions from the last 12-18 months. This keeps your spreadsheet responsive while maintaining calculation accuracy.
Start tracking inventory turnover automatically
This approach gives you real-time inventory turnover calculations that update automatically as your NetSuite data changes. Get started with Coefficient to eliminate manual data exports and outdated inventory analysis.
