# Inventory Valuation Summary The Inventory Valuation Summary report serves as a snapshot of the current value of your inventory. This report provides the details of the on-hand quantities and the value of items in your inventory. It includes key details such as the item name, description, standard cost, standard price, quantity on hand, asset value, markup percentage, margin percentage, and the average cost of the item. These details collectively provide a holistic view of the financial standing of your inventory. Understanding this report enables businesses to make informed decisions regarding their inventory management and financial strategies. ### Key Features of the Inventory Valuation Summary Report #### Inventory Valuation Summary Report Key Features * **Comprehensive Overview**: Provides a snapshot of the total value of inventory, encompassing all categories and types of inventory. * **Cost Details**: The report details various costs associated with the item, such as standard cost, standard price, asset value, and average cost. * **Stock Levels:** The reports shows the on hand quantity of each item. This helps business analyze how much stock is available and plan accordingly in case of depleting inventory levels. * **Real-Time Updates**: The report reflects current inventory levels and values, supporting accurate and timely decision-making. * **Valuation Details:** Users can drill down the report to inventory valuation details which shows all the transactions corresponding to the current valuation of the item. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.xorosoft.com/xoroerp-1/reports/operation/inventory-valuation-summary.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.