Universal Stainless & Alloy Products (Universal Stainless & Alloy Products) Days Inventory

: 202.18 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Universal Stainless & Alloy Products's Average Total Inventories for the three months ended in Dec. 2023 was $147.7 Mil. Universal Stainless & Alloy Products's Cost of Goods Sold for the three months ended in Dec. 2023 was $66.7 Mil. Hence, Universal Stainless & Alloy Products's Days Inventory for the three months ended in Dec. 2023 was 202.18.

The historical rank and industry rank for Universal Stainless & Alloy Products's Days Inventory or its related term are showing as below:

USAP' s Days Inventory Range Over the Past 10 Years
Min: 193.15 Med: 224.73 Max: 310.9
Current: 224.22

During the past 13 years, Universal Stainless & Alloy Products's highest Days Inventory was 310.90. The lowest was 193.15. And the median was 224.73.

USAP's Days Inventory is ranked worse than
92.5% of 573 companies
in the Steel industry
Industry Median: 85.66 vs USAP: 224.22

Universal Stainless & Alloy Products's Days Inventory declined from Dec. 2022 (265.57) to Dec. 2023 (202.18).

Inventory Turnover measures how fast the company turns over its inventory within a year. Universal Stainless & Alloy Products's Inventory Turnover for the three months ended in Dec. 2023 was 0.45.

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. Universal Stainless & Alloy Products's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.85.

Universal Stainless & Alloy Products Days Inventory Historical Data

The historical data trend for Universal Stainless & Alloy Products's Days 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.

* Premium members only.

Universal Stainless & Alloy Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

239.08

258.94

310.90

286.36

223.19

Universal Stainless & Alloy Products Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																265.57	238.27	232.15	228.30	202.18

Competitive Comparison

For the Steel subindustry, Universal Stainless & Alloy Products's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Universal Stainless & Alloy Products Days Inventory Distribution

For the Steel industry and Basic Materials sector, Universal Stainless & Alloy Products's Days Inventory distribution charts can be found below:

* The bar in red indicates where Universal Stainless & Alloy Products's Days Inventory falls into.

Universal Stainless & Alloy Products Days Inventory Calculation

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

Universal Stainless & Alloy Products's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (154.193	+	144.7)	/	2 )	/	244.404	*	365
=	149.4465					/	244.404	*	365
=	223.19

Universal Stainless & Alloy Products's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (150.751	+	144.7)	/	2 )	/	66.672	*	365 / 4
=	147.7255					/	66.672	*	365 / 4
=	202.18

Universal Stainless & Alloy Products (NAS:USAP) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Universal Stainless & Alloy Products's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	66.672	/	147.7255
	=	0.45

2. 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.

Universal Stainless & Alloy Products's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	147.7255	/	79.78
	=	1.85

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Universal Stainless & Alloy Products Days Inventory Related Terms

Thank you for viewing the detailed overview of Universal Stainless & Alloy Products's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Universal Stainless & Alloy Products (Universal Stainless & Alloy Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Universal Stainless & Alloy Products Inc (NAS:USAP) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

US6:Germany

Address

600 Mayer Street, Bridgeville, PA, USA, 15017

Website

https://www.univstainless.com

Universal Stainless & Alloy Products Inc manufactures and markets semi-finished and finished specialty steel products, including stainless steel, nickel alloys, tool steel, and certain other alloyed steels. The company along with its subsidiaries involves melting, remelting, heat treating, hot and cold rolling, forging, machining and cold drawing of semi-finished and finished specialty steels.

Executives

Udi Toledano	director	51 DUFFIELD DRIVE, S. ORANGE NJ 07079
M. David Kornblatt	director	1214 ROUND HILL ROAD, BRYN MAWR PA 19010
Judith L Bacchus	director	525 WILLIAM PENN PLACE, 33RD FLOOR, PITTSBURGH PA 15219
Christopher L Ayers	director	5626 MISSION DRIVE, MISSION HILL KS 66208
Dennis M Oates	director, officer: Chairman, President and CEO	600 MAYER STREET, BRIDGEVILLE PA 15017
Steven Ditommaso	officer: VP and CFO	600 MAYER STREET, BRIDGEVILLE PA 15017
Wendel Crosby	officer: Vice President of Manufacturin	600 MAYER STREET, BRIDGEVILLE PA 15017
Christopher M Zimmer	officer: Exec. V. P. & CCO	600 MAYER STREET, BRIDGEVILLE PA 15017
John Arminas	officer: VP, Gen. Counsel & Secretary	600 MAYER STREET, BRIDGEVILLE PA 15017
Christopher Thomas Scanlon	officer: VP Finance, Treasurer & CFO	415 HOLIDAY DRIVE, PITTSBURGH PA 15520
Graham Mcintosh	officer: V. P. Technology & Chief Techn	600 MAYER STREET, BRIDGEVILLE PA 15017
Alyssa H Snider	officer: VP & CHRO	600 MAYER STREET, BRIDGEVILLE PA 15017
Paul A Mcgrath	officer: V.P. Admin., General Counsel	600 MAYER STREET, BRIDGEVILLE PA 15017
Ross C Wilkin	officer: V.P. Finance, CFO & Treasurer	600 MAYER STREET, BRIDGEVILLE PA 15017
Larry J Pollock	officer: Exec. V.P. & CMO	600 MAYER STREET, BRIDGEVILLE PA 15017