How to Calculate Stock Value

The Stock Value Calculation allows users to quickly assess their inventory’s worth. Depending on the specific product, you can see key metrics such as:

• Current Stock Quantity: The number of units currently in your inventory.
• Stock Value: The total calculated value of the current stock based on the purchase price.
• Units Sold: The total quantity of this product that has been sold.
• Revenue: The total income generated from the sales of this specific product.
• Profit: The net profit realized from the sales of this product.

This provides a tailored view, helping businesses evaluate inventory costs and profitability on the go.

Viewing Stock Calculation & Pricing Details in Mobile View #

To view the detailed stock calculation and pricing for a specific product in the Fit+club mobile app:

1. Log in to your Fit+club account on your mobile device.
2. From the main dashboard, navigate to “Products” (often found under a “Catalog” or “Inventory” section).
3. You will see a list of all your products, displaying current stock levels, purchase price, and selling price for each.
4. Tap on any product from this list (e.g., “Test product 2” or “Sample product”) to open its Product Details page.
5. On the Product Details screen, at the top, you’ll immediately see the primary stock calculation metrics:
   • Quantity: Displays the current available stock (e.g., “-1.0 PCS” indicating a negative stock, or “10.0 PCS” for positive stock).
   • Stock Value: Shows the calculated total value of the current stock based on its purchase price (e.g., “₹ -400.00”).
   • Units Sold: Indicates the total number of units of this product that have been sold (e.g., “1.0 PCS” or “0 PCS”).
6. Below these core metrics, depending on the product, you might also see:
   • Revenue: Total income generated from this product (e.g., “₹ 0.00”).
   • Profit: Net profit from this product (e.g., “₹ 0.00”).
   • Sales Price and Purchase Price for a single unit.
   • The Status of the product (e.g., “Out of Stock” or “In Stock”).
7. To delve deeper into the history affecting stock and value, navigate through the tabs below the main overview:
   • Item Timeline: This tab provides a chronological list of events impacting the stock. For instance, you might see “New Voucher – #SI/AB000016 (Sales Invoice) -1.00 PCS” indicating a sale, or “Opening stock 10.00 PCS” marking the initial inventory entry.
   • Details: Offers additional product information like Item Code, Measuring Unit, Tax Rate, HSN Code, and Item Type.
   • Price History: Displays a graph and table of past Sales Prices and Cost Prices, allowing you to track pricing trends over time.

This mobile-friendly display ensures you have quick access to essential stock and financial data for each product, empowering you to make informed decisions on the go.