goods in inventory

USAGE SUMMARY

The phrase "goods in inventory" is correct and usable in written English.
It can be used when referring to items that a business has in stock and available for sale or use. Example: "The company reported an increase in goods in inventory, indicating a potential slowdown in sales."

✓ Grammatically correct

Formal & Business

News & Media

Encyclopedias

Science

Wiki

Human-verified examples from authoritative sources

Exact Expressions

3 human-written examples

In deciding whether to manufacture goods in large lots, for example, management needs to estimate the cost of carrying larger amounts of finished goods in inventory.

Encyclopedia Britannica

Gross domestic product grew at a 2.4percentt annual pace in the quarter, revised from a previously reported 2.7percentt, as businesses built up fewer goods in inventory, invested less in computers and exported fewer items, the Commerce Department said.

The New York Times

One is shipping to warehouses and holding goods within an inventory system and then shipping them out by some predeveloped schedule (the massive holding of goods in inventory is rarely cost effective).

Forbes

Human-verified similar examples from authoritative sources

Similar Expressions

57 human-written examples

The longer the lead time, the larger the quantity of goods the firm must carry in inventory.

Journal of Industrial Engineering International

"The conventional supply chain uses up 20% of goods cost in inventory lying at various places stores, warehouses, and in-transit.

Forbes

Every company must carry stocks of goods and materials in inventory.

Encyclopedia Britannica

But Klein has been celebrated for several decades and his name looks good in an inventory.

The New York Times - Arts

Companies are already reducing the amount of goods they keep in inventories, which adds to expenses.

The New York Times

For "cash margin" you subtract from cash sales the sum of the cost of goods sold and the increase in inventory, and divide the result by cash sales.

Forbes

Past recessions and economic crises typically developed in the business sector, where companies have a habit during good times of running to excess in inventory accumulation or in expanding employment and capacity.

The New York Times

For example, if you've got $50 worth of stuff in inventory, and your cost of goods sold (essentially your costs of inventory for the year) was $500 ,you get an inventory multiple of 10 times.

Science Magazine

Expert writing Tips

Best practice

When discussing financial reports, be specific about the type of "goods in inventory" (e.g., raw materials, work-in-progress, finished goods) to provide a clearer picture of a company's financial health.

Common error

Avoid only focusing on the value of the "goods in inventory" without considering associated costs such as storage, insurance, and potential obsolescence. Understanding these carrying costs is crucial for effective inventory management.

Linguistic Context

The phrase "goods in inventory" functions primarily as a noun phrase. It is used to identify and refer to the stock of products a business holds for sale or use. As evidenced by Ludwig, this phrase is often used in business, financial, and economic contexts.

Expression frequency: Uncommon

Frequent in

News & Media

33%

Science

33%

Encyclopedias

33%

Less common in

Wiki

0%

Formal & Business

0%

Reference

0%

Ludwig's WRAP-UP

In summary, the phrase "goods in inventory" is a grammatically correct and professionally appropriate term used to describe the stock of products a business has available, as confirmed by Ludwig. Although not very common, its usage is most prominent in business, economic, and financial contexts. The most authoritative sources that use this phrase are Encyclopedia Britannica, The New York Times and Forbes. Remember to consider the associated costs of inventory when using the phrase in financial discussions for comprehensive accuracy.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

inventory items

Refers to individual items within the inventory.

inventory assets

Focuses on the value of the inventory as an asset.

on-hand inventory

Emphasizes the readily available inventory.

stock on hand

Emphasizes the immediate availability of items.

merchandise inventory

Specifically refers to goods purchased for resale.

finished goods

Highlights the completion status of products.

inventory holdings

Refers to the quantity of stock a company holds.

products in stock

A more general term for available products.

goods available for sale

Highlights the purpose of the inventory.

stock levels

Focuses on the quantity of items available.

FAQs

How can I use "goods in inventory" in a sentence?

You can use "goods in inventory" to describe the stock of products a business has available. For example, "The company reported a significant increase in its "goods in inventory" due to decreased sales".

What's a good alternative to "goods in inventory"?

Depending on the context, you can use phrases like "inventory items", "stock on hand", or "finished goods".

What does "goods in inventory" refer to in accounting?

In accounting, "goods in inventory" represents the total value of all products a company has on hand and intends to sell to customers.

How do you account for changes in "goods in inventory"?

Changes in "goods in inventory" are accounted for on the balance sheet and affect the cost of goods sold calculation on the income statement. An increase in inventory typically decreases profit, while a decrease increases profit.