United Power Co (MUS:UECS) Inventory Turnover : 33.37 (As of Dec. 2019)

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What is United Power Co 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. United Power Co's Cost of Goods Sold for the six months ended in Dec. 2019 was ر.ع3.09 Mil. United Power Co's Average Total Inventories for the quarter that ended in Dec. 2019 was ر.ع0.09 Mil. United Power Co's Inventory Turnover for the quarter that ended in Dec. 2019 was 33.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. United Power Co's Days Inventory for the six months ended in Dec. 2019 was 5.47.

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 Power Co's Inventory-to-Revenue for the quarter that ended in Dec. 2019 was 0.02.

United Power Co Inventory Turnover Historical Data

The historical data trend for United Power Co'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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United Power Co Inventory Turnover Chart

United Power Co Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Inventory Turnover

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11.69

11.70

13.17

15.97

33.37

United Power Co Semi-Annual Data
	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19
Inventory Turnover	Get a 7-Day Free Trial							11.69	11.70	13.17	15.97	33.37

United Power Co Inventory Turnover Calculation

United Power Co's Inventory Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Inventory Turnover (A: Dec. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2019 )	/ (	(Total Inventories (A: Dec. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )
=	3.087	/ (	(0.148	+	0.037)	/	2 )
=	3.087	/	0.0925
=	33.37

United Power Co's Inventory Turnover for the quarter that ended in Dec. 2019 is calculated as

	Inventory Turnover (Q: Dec. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2019 )	/ (	(Total Inventories (Q: Dec. 2018 )	+	Total Inventories (Q: Dec. 2019 ))	/	count )
=	3.087	/ (	(0.148	+	0.037)	/	2 )
=	3.087	/	0.0925
=	33.37

United Power Co (MUS:UECS) 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.

United Power Co's Days Inventory for the six months ended in Dec. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2019 )	/	Cost of Goods Sold (Q: Dec. 2019 )	*	Days in Period
	=	0.0925	/	3.087	*	365 / 2
	=	5.47

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.

United Power Co's Inventory to Revenue for the quarter that ended in Dec. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2019 )	/	Revenue (Q: Dec. 2019 )
	=	0.0925	/	4.236
	=	0.02

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.

United Power Co Inventory Turnover Related Terms

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United Power Co (MUS:UECS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » United Power Co (MUS:UECS) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Jawharat Al Shatti, P.O. Box 147, Muscat, OMN, 134

Website

http://www.upcmanah.com

United Power Co Formerly United Power builds, owns and operates a power station at Mannah and interconnection and transmission facilities. The Manah Power Station operates on Dispatch Orders from Oman Power and Water Procurement Company (OPWP) and all the net energy from the Manah Power Station is sold to OPWP, which is responsible for all power purchase in Oman.

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