United-Guardian (United-Guardian) Change In Inventory

: $0.47 Mil (TTM As of Dec. 2023)

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United-Guardian's change in inventory for the quarter that ended in Dec. 2023 was $0.06 Mil. It means United-Guardian's inventory declined by $0.06 Mil from Sep. 2023 to Dec. 2023 .

United-Guardian's change in inventory for the fiscal year that ended in Dec. 2023 was $0.47 Mil. It means United-Guardian's inventory declined by $0.47 Mil from Dec. 2022 to Dec. 2023 .

United-Guardian's Total Inventories for the quarter that ended in Dec. 2023 was $1.22 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. United-Guardian's Days Inventory for the quarter that ended in Dec. 2023 was 92.61.

Inventory Turnover measures how fast the company turns over its inventory within a year. United-Guardian's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.99.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. United-Guardian's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.47.

United-Guardian Change In Inventory Historical Data

The historical data trend for United-Guardian's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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United-Guardian Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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0.25

-0.20

0.01

-0.29

0.47

United-Guardian Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															0.59	-0.80	0.68	0.52	0.06

United-Guardian Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.47 Mil.

United-Guardian (NAS:UG) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

United-Guardian's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1.226	/	1.208	*	365 / 4
	=	92.61

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

United-Guardian's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.208	/	1.226
	=	0.99

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

United-Guardian's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.226	/	2.607
	=	0.47

United-Guardian Change In Inventory Related Terms

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United-Guardian (United-Guardian) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » United-Guardian Inc (NAS:UG) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

230 Marcus Boulevard, Hauppauge, NY, USA, 11788

Website

https://www.u-g.com

United-Guardian Inc manufactures and markets cosmetic ingredients, pharmaceuticals, medical lubricants, and specialty industrial products. Its product portfolio includes Klensoft, Deselex, Renacidin, Lubrajel Fluid and others. The company's pharmaceutical products are sold to and distributed by full-line drug wholesalers throughout the United States. Its medical and specialty industrial products are sold directly by the company to the end-users of those products or, in some cases, to contract manufacturers used by some of those end users. It derives key revenue from the sales made in the U.S.

Executives

Donna Vigilante	officer: President	428 NORTH ERIE AVE, LINDENHURST NY 11757
Beatriz Blanco	director, officer: Chief Executive Officer	230 MARCUS BOULEVARD, HAUPPAUGE NY 11788
Joseph J Vernice	officer: Vice President	C/O UNITED GUARDIAN INC, 230 MARCUS BLVD P O BOX 18050, HAUPPAUGE NY 11788
Betsee Parker	10 percent owner	C/O MILDRED F. SLATER, 9005 JOHN S. MOSBY HIGHWAY, UPPERVILLE VA 20185
Arthur Dresner	director	C/O UNITED GUARDIAN INC, 230 MARCUS BLVD PO BOX 18050, HAUPPAUGE NY 11788
Kenneth H Globus	director, 10 percent owner, officer: President & General Counsel	C/O UNITED-GUARDIAN, INC., 230 MARCUS BLVD., P.O. BOX 18050, HAUPPAUGE NY 11788
Henry P Globus	director	C/O UNITED GUARDIAN INC, 230 MARCUS BLVD PO BOX 18050, HAUPPAUGE NY 11788
Derek Hampson	officer: Vice President
Peter A Hiltunen	officer: Vioe President	C/O UNITED GUARDIAN INC, 230 MARCUS BLVD, HAUPPAUGE NY 117088
Nolan Christopher William Sr	director	15 TILGHMAN DRIVE, WAYNE NJ 07470
Alfred R Globus	director, 10 percent owner, officer: Chief Executive Officer	C/O UNITED-GUARDIAN, INC., 230 MARCUS BLVD., P.O. BOX 18050, HAUPPAUGE NY 11788
Robert S Rubinger	director, officer: Exec.V.P., Secretary, Treas.
Andrew A Boccone	director	C/O UNITED GUARDIAN INC, 230 MERCUS BLVD P O BOX 18050, HAUPPAUGE NY 11788
Charles W Castanza	director, officer: Senior Vice President	C/O UNITED GUARDIAN INC, 230 MARCUS BLVD PO BOX 18050, HAUPPAUGE NY 11788
Cecile Brophy	officer: Controller