UGI Corporation (UGI)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 5,905,000 | 5,703,000 | 6,784,000 | 7,898,000 | 9,820,000 | 10,250,000 | 9,793,000 | 9,081,000 | 8,061,000 | 6,503,000 | 5,662,000 | 5,428,000 | 4,116,000 | 5,001,900 | 4,945,600 | 4,429,000 | 4,133,400 | 3,950,800 | 3,818,100 | 2,560,200 |
| Inventory | US$ in thousands | 411,000 | 379,000 | 375,000 | 441,000 | 433,000 | 410,000 | 433,000 | 618,000 | 665,000 | 496,000 | 398,000 | 548,000 | 469,000 | 296,000 | 268,000 | 279,000 | 241,000 | 201,000 | 180,000 | 248,000 |
| 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 |
September 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $5,905,000K ÷ $411,000K
= 14.37
The inventory turnover for UGI Corporation has shown fluctuating trends over the past two years. It peaked at 25.00 in the second quarter of 2023 before decreasing to 8.78 in the fourth quarter of 2021. Since then, it has been on an upward trajectory, reaching 15.05 in the second quarter of 2024.
Overall, the inventory turnover for UGI Corporation has generally been above 10, indicating that the company is efficiently managing its inventory levels and turning over its inventory multiple times throughout the year. This suggests effective inventory management practices, such as maintaining optimal inventory levels and avoiding excess stock buildup.
The recent increase in inventory turnover signifies a potential improvement in inventory management efficiency, which could lead to cost savings and increased profitability for UGI Corporation. Monitoring this ratio over time can provide insights into the company's operational efficiency and effectiveness in managing its inventory.
Peer comparison
Sep 30, 2024
Sep 30, 2024