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How should we do it with Magestore Retail Management Software?
What does the Inventory
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Value report include?
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MAC: Moving Average Cost of the product in all sources. This cost will be recalculated for a product each time the company receives that product from a PO.
Retail Price: The price on Magento of the product (price in default website).
Stock Value: The total value of the current quantities on hand.
Stock Value = Current MAC * Qty on Hand.
Potential Revenue: The estimated revenue you will earn after selling all current quantities on hand.
Potential Revenue = Retails Price * Qty on Hand.
Potential Profit: The estimated profit you will earn after selling all current quantities on hand.
Potential Profit = Potential Revenue - Stock Value.
Potential Margin: (Potential Profit/ Potential Revenue) * 100.
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