UGI Corporation (UGI)
Days of inventory on hand (DOH)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 14.37 | 15.05 | 18.09 | 17.91 | 22.68 | 25.00 | 22.62 | 14.69 | 12.12 | 13.11 | 14.23 | 9.91 | 8.78 | 16.90 | 18.45 | 15.87 | 17.15 | 19.66 | 21.21 | 10.32 | |
| DOH | days | 25.40 | 24.26 | 20.18 | 20.38 | 16.09 | 14.60 | 16.14 | 24.84 | 30.11 | 27.84 | 25.66 | 36.85 | 41.59 | 21.60 | 19.78 | 22.99 | 21.28 | 18.57 | 17.21 | 35.36 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 14.37
= 25.40
The days of inventory on hand (DOH) for UGI Corporation have varied over the past few years. From December 2019 to September 2024, the DOH has fluctuated between a low of 14.60 days in June 2023 to a high of 41.59 days in December 2021.
In general, a lower number of days of inventory on hand indicates that the company is efficiently managing its inventory, as it takes fewer days to sell the inventory on hand. Conversely, a higher number of days suggests that the company may be holding onto excess inventory, which could tie up capital and lead to potential obsolescence risks.
UGI Corporation's DOH has shown a slight upward trend in recent quarters, peaking at 30.11 days in September 2022 before gradually decreasing to 20.18 days in March 2024. This reduction in DOH could be a positive sign that the company is streamlining its inventory management processes and improving efficiency.
Overall, monitoring the trend in DOH over time can provide valuable insights into UGI Corporation's inventory management practices and potentially indicate improvements in operational efficiency.
Peer comparison
Sep 30, 2024