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# How do we calcualte the inventory report?


#### Terms & Formula

* **SKU**: Stock Keeping Unit, a unique identifier for your product variants.

* **Inventory quantity**: the available quantity of products in Shopify.

* **Incoming inventory**: the ordered stock that is yet to be received ( [learn more](https://help.assisty.ai/en/article/how-is-the-incoming-inventory-calculated-in-the-app-19wnckv/)).

* **Committed quantity**: quantity of products has been sold by not shipped yet.

* **Inventory value**: the current inventory at the cost of each product.

```
[Inventory Quantity] x [Unit Cost]
```

* **Retail value**: the current inventory at selling price of each product.

```
[Inventory Quantity] x [Selling Price]
```

* **Inventory quantity percent**: % inventory quantity per total.

```
[Inventory Quantity of specific product/ collection] / [Total Inventory Quanitty] * 100%
```

* **Inventory value percent**: % inventory value per total.

```
[Inventory Value of specific product/ collection] / [Total Inventory Value] * 100%
```