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United Airlines Holdings (United Airlines Holdings) Total Inventories : $1,675 Mil (As of Mar. 2024)


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What is United Airlines Holdings Total Inventories?

United Airlines Holdings's total inventories for the quarter that ended in Mar. 2024 was $1,675 Mil. United Airlines Holdings's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $1,618 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. United Airlines Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-140.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. United Airlines Holdings's Days Inventory for the three months ended in Mar. 2024 was 15.07.

Inventory Turnover measures how fast the company turns over its inventory within a year. United Airlines Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 6.06.

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 Airlines Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.13.


United Airlines Holdings Total Inventories Historical Data

The historical data trend for United Airlines Holdings's Total Inventories 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.

United Airlines Holdings Total Inventories Chart

United Airlines Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,072.00 932.00 983.00 1,109.00 1,561.00

United Airlines Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,196.00 1,290.00 1,513.00 1,561.00 1,675.00

United Airlines Holdings Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.


United Airlines Holdings  (NAS:UAL) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

United Airlines Holdings's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

Net-Net Working Capital Per Share (Q: Mar. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(13992+0.75 * 2259+0.5 * 1675-62714
-0-0)/328.803
=-140.48

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

United Airlines Holdings's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=1618/9799*365 / 4
=15.07

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

United Airlines Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=9799 / 1618
=6.06

4. 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 Airlines Holdings's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=1618 / 12539
=0.13

* 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.


Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.


United Airlines Holdings Total Inventories Related Terms

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United Airlines Holdings (United Airlines Holdings) Business Description

Address
233 South Wacker Drive, Chicago, IL, USA, 60606
United Airlines is a major U.S. network carrier with hubs in San Francisco, Chicago, Houston, Denver, Los Angeles, New York/Newark, and Washington, D.C. United operates a hub-and-spoke system that is more focused on international and long-haul travel than its large U.S. peers.
Executives
Kennedy James A C director T ROWE PRICE GROUP INC, 100 E PRATT ST, BALTIMORE MD 21202
Michael D. Leskinen officer: EVP & Chief Financial Officer 233 S. WACKER DRIVE, WHQLD, CHICAGO IL 60606
Gerald Laderman officer: EVP and CFO 233 S. WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606
Gregory L Hart officer: EVP & Chief Growth Officer 233 SOUTH WACKER DRIVE, 11TH FLOOR HDQLD, CHICAGO IL 60606
Edward M Philip director C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02861
Carolyn Corvi director 233 SOUTH WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606
Barney Harford director C/O ORBITZ WORLDWIDE, INC., 500 W. MADISON STREET, SUITE 1000, CHICAGO IL 60661
Michele J Hooper director C/O PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Edward Shapiro director 275 GROVE STREET, NEWTON MA 02466
Chris Kenny officer: Vice President & Controller 233 S. WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606
Andrew P Nocella officer: EVP & Chief Commercial Officer 233 S. WACKER DR. 11TH FL WHQLD, CHICAGO IL 60606
Torbjorn J Enqvist officer: EVP & Chief Operations Officer 233 S. WACKER DRIVE, 11TH FL WHQLD, CHICAGO IL 60606
Linda P Jojo officer: EVP & Chief Customer Officer 233 S. WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606
Kate Gebo officer: EVP HR and Labor Relations 233 SOUTH WACKER DRIVE, 11TH FL - WHQLD, CHICAGO IL 60606
Brett J Hart officer: President 233 S. WACKER DRIVE, 11TH FL - WHQLD, CHICAGO IL 60606

United Airlines Holdings (United Airlines Holdings) Headlines