Union Properties PJSC (DFM:UPP) Inventory Turnover : 0.14 (As of Mar. 2024)

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What is Union Properties PJSC Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Union Properties PJSC's Cost of Goods Sold for the three months ended in Mar. 2024 was د.إ104.0 Mil. Union Properties PJSC's Average Total Inventories for the quarter that ended in Mar. 2024 was د.إ742.9 Mil. Union Properties PJSC's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Union Properties PJSC's Days Inventory for the three months ended in Mar. 2024 was 651.99.

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. Union Properties PJSC's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 5.38.

Union Properties PJSC Inventory Turnover Historical Data

The historical data trend for Union Properties PJSC's Inventory Turnover 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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Union Properties PJSC Inventory Turnover Chart

Union Properties PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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55.96

56.00

52.33

76.09

0.83

Union Properties PJSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															21.31	20.08	15.81	0.22	0.14

Union Properties PJSC Inventory Turnover Calculation

Union Properties PJSC's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	393.529	/ (	(4.401	+	938.812)	/	2 )
=	393.529	/	471.6065
=	0.83

Union Properties PJSC's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	103.974	/ (	(938.812	+	546.999)	/	2 )
=	103.974	/	742.9055
=	0.14

Union Properties PJSC (DFM:UPP) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Union Properties PJSC'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
	=	742.9055	/	103.974	*	365 / 4
	=	651.99

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.

Union Properties PJSC'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 )
	=	742.9055	/	138.114
	=	5.38

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Union Properties PJSC Inventory Turnover Related Terms

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Union Properties PJSC (DFM:UPP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Union Properties PJSC (DFM:UPP) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Union Business Park 1, P.O. Box 24649, Green Community East, Dubai Investment Park 1, Dubai, ARE

Website

https://www.up.ae

Union Properties PJSC is a property development company in the United Arab Emirates. The company has a wide range of projects in its portfolio, including residential, industrial, and leisure development projects. The firm operates out of three segments: real estate, contracting, and goods and services. Property rentals and sales compose the real estate segment. The firm's contracting sector involves mechanical, electrical, and plumbing work, as well as interior architecture construction. In goods and services, the company offers facility management and maintenance services, motor racing services, and sale of goods. The majority of the company's revenue is generated from the goods and services segment.

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