UGI Corporation (UGI)
Inventory turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 1,548,400 | 894,000 | 187,900 |
| Inventory | US$ in thousands | 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 | 230,000 | 215,100 | 222,000 |
| Inventory turnover | 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 | 6.73 | 4.16 | 0.85 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $7,898,000K ÷ $441,000K
= 17.91
UGI Corp.'s inventory turnover has shown a fluctuating trend over the past few quarters. The inventory turnover ratio, which measures how many times a company's inventory is sold and replaced during a given period, increased steadily from Q1 2023 to Q3 2023, reaching its peak at 18.00. This suggests that the company was selling its inventory at a faster rate during this period.
However, in Q4 2023, there was a notable decrease in inventory turnover to 16.02, indicating a slight slowdown in the rate at which inventory was being sold. The trend continued in Q1 2024, where the inventory turnover dropped further to 11.41, marking a significant decline compared to the previous quarter and signaling potential challenges in managing inventory levels efficiently.
Overall, UGI Corp.'s inventory turnover has displayed variability, with some quarters showing strong performance in inventory management and others indicating potential issues that may require further assessment and monitoring to optimize inventory turnover in the future.
Peer comparison
Dec 31, 2023
Dec 31, 2023