UNITE Group (UNITE Group) Change In Inventory : $-17.1 Mil (TTM As of Dec. 2023)

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What is UNITE Group Change In Inventory?

UNITE Group's change in inventory for the quarter that ended in Dec. 2023 was $-11.1 Mil. It means UNITE Group's inventory increased by $11.1 Mil from Jun. 2023 to Dec. 2023 .

UNITE Group's change in inventory for the fiscal year that ended in Dec. 2023 was $-17.1 Mil. It means UNITE Group's inventory increased by $17.1 Mil from Dec. 2022 to Dec. 2023 .

UNITE Group's Total Inventories for the quarter that ended in Dec. 2023 was $33.2 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. UNITE Group's Days Inventory for the quarter that ended in Dec. 2023 was 94.41.

Inventory Turnover measures how fast the company turns over its inventory within a year. UNITE Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.93.

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. UNITE Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.20.

UNITE Group Change In Inventory Historical Data

The historical data trend for UNITE Group'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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UNITE Group Change In Inventory Chart

UNITE Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-2.23

-6.05

-3.86

-1.22

-17.09

UNITE Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-0.67	-3.57	2.31	-5.93	-11.14

UNITE Group 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 semi-annually data reported by the company within the most recent 12 months, which was $-17.1 Mil.

UNITE Group (OTCPK:UTGPF) Change In Inventory Explanation

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

UNITE Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	27.5675	/	53.291	*	365 / 2
	=	94.41

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

UNITE Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	53.291	/	27.5675
	=	1.93

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.

UNITE Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	27.5675	/	140.633
	=	0.20

UNITE Group Change In Inventory Related Terms

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UNITE Group (UNITE Group) Business Description

Industry

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UTGl:UK UTG:UK

Address

South Quay House, Temple Back, Bristol, GBR, BS1 6FL

Website

https://www.unite-group.co.uk

UNITE Group PLC develops and operates student housing. It has nearly 150 properties in the United Kingdom that can accommodate almost 50,000 students. Nearly 20% of its rental capacity is in London. The company rents rooms both directly to students and through partnerships with more than 50 universities. Properties often have communal kitchens and other common rooms. Rental income typically provides a portion of the company's revenue. The company also generates revenue from management and development fees and from property sales.