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