Dividing ending inventory by cost of goods sold and multiplying the result by 365 is the:

This is the day's sales in inventory. This measure allows the company to have a ratio that determines how quickly it can turn over its inventory and gain sales from it. The lower the ratio, the faster (and more efficiently) a business is at getting inventory turned into cash, and the less likely it is to leave inventory sitting in the stockroom or on the sales floor, waiting to be sold.