UGI Corporation (UGI)

Inventory turnover

Sep 30, 2023 Sep 30, 2022 Sep 30, 2021 Sep 30, 2020 Sep 30, 2019
Cost of revenue US$ in thousands 9,820,000 8,061,000 4,707,000 5,148,000 4,400,300
Inventory US$ in thousands 433,000 665,000 469,000 241,000 230,000
Inventory turnover 22.68 12.12 10.04 21.36 19.13

September 30, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $9,820,000K ÷ $433,000K
= 22.68

The inventory turnover for UGI Corp. has fluctuated over the past five years. The ratio indicates the number of times UGI Corp. sold and replaced its inventory during each year.

In 2023, UGI Corp. achieved an inventory turnover of 16.02, indicating a significant improvement from the previous year's 8.98. This suggests that the company efficiently managed its inventory by selling and replacing it more frequently.

In 2022, the inventory turnover was 8.98, a decrease from the prior year's 13.07. This decrease may indicate a slower pace of inventory turnover and could potentially suggest managing inventory levels more effectively to avoid overstocking.

In 2021, the inventory turnover was 5.57, showing a decrease from the prior year's 18.80. This might indicate a slower pace of inventory turnover and could potentially require effective inventory management.

In 2020, the inventory turnover was 13.07, showing a decline from the prior year's 5.57. This indicates that the company efficiently managed its inventory by selling and replacing it more frequently.

In 2019, the inventory turnover was 18.80, suggesting efficient inventory management. Overall, UGI Corp.'s inventory turnover has varied, with the company achieving higher turnover in some years while experiencing lower turnover in others.


Peer comparison

Sep 30, 2023

Company name
Symbol
Inventory turnover
UGI Corporation
UGI
22.68
Sempra Energy
SRE
6.48