United Rentals (United Rentals) Change In Inventory : $19 Mil (TTM As of Dec. 2023)

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What is United Rentals Change In Inventory?

United Rentals's change in inventory for the quarter that ended in Dec. 2023 was $-3 Mil. It means United Rentals's inventory increased by $3 Mil from Sep. 2023 to Dec. 2023 .

United Rentals's change in inventory for the fiscal year that ended in Dec. 2023 was $19 Mil. It means United Rentals's inventory declined by $19 Mil from Dec. 2022 to Dec. 2023 .

United Rentals's Total Inventories for the quarter that ended in Dec. 2023 was $205 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. United Rentals's Days Inventory for the quarter that ended in Dec. 2023 was 8.55.

Inventory Turnover measures how fast the company turns over its inventory within a year. United Rentals's Inventory Turnover for the quarter that ended in Dec. 2023 was 10.67.

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 Rentals's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

United Rentals Change In Inventory Historical Data

The historical data trend for United Rentals'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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United Rentals Change In Inventory Chart

United Rentals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-8.00

-5.00

9.00

-25.00

19.00

United Rentals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															8.00	-2.00	7.00	17.00	-3.00

United Rentals 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 quarterly data reported by the company within the most recent 12 months, which was $19 Mil.

United Rentals (NYSE:URI) Change In Inventory Explanation

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

United Rentals's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	203	/	2166	*	365 / 4
	=	8.55

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2166	/	203
	=	10.67

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	203	/	3728
	=	0.05

United Rentals Change In Inventory Related Terms

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United Rentals (United Rentals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » United Rentals Inc (NYSE:URI) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

UR3:Germany U1RI34:Brazil

Address

100 First Stamford Place, Suite 700, Stamford, CT, USA, 06902

Website

https://www.unitedrentals.com

United Rentals is the world's largest equipment rental company. It principally operates in the United States and Canada, where it commands approximately 17% share in a highly fragmented market. It serves three end markets: general industrial, commercial construction, and residential construction. Like its peers, United Rentals historically has provided its customers with equipment that was intermittently used, such as aerial equipment and portable generators. As the company has grown organically and through hundreds of acquisitions since it went public in 1997, its catalog (fleet size of $21 billion) now includes a range of specialty equipment and other items that can be rented for indefinitely long periods.

Executives

Terri L. Kelly	director	C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902
Michael D Durand	officer: EVP, Chief Operating Officer	C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902
Dale A Asplund	officer: Senior V.P.-Business Services	C/O BRIGHTVIEW HOLDINGS, INC., 980 JOLLY ROAD, SUITE 300, BLUE BELL PA 19422
Anthony S. Leopold	officer: SVP	C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902
Joli L. Gross	officer: SVP, General Counsel	TWO AMERICAN LANE, GREENWICH CT 06831
William E. Grace	officer: VP, Interim CFO	C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902
Matthew John Flannery	officer: Sr. Vice President- Operations	C/O UNITED RENTALS, INC, 100 FIRST STAMFORD PL, STAMFORD CT 06902
Craig Adam Pintoff	officer: Sr. V.P,, Gen. Counsel & H.R.	C/O UNITED RENTALS, INC, 100 FIRST STAMFORD PL, STE 700, STAMFORD CT 06902
Andrew B. Limoges	officer: VP, Controller	C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902
Jose B Alvarez	director	STOP & SHOP, 1385 HANCOCK STREET, QUINCY MA 02169
Francisco J Lopez-balboa	director	3280 PEACHTREE ROAD, N.W., ATLANTA GA 30305
Jessica Graziano	officer: Vice President, Controller	C/O UNITED RENTALS, INC, 100 FIRST STAMFORD PL, STAMFORD CT 06902
Shiv Singh	director	C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902
De Shon Larry D	director	6 SYLVAN WAY, PARSIPPANY NJ 07054
Filippo Passerini	director	C/O UNITED RENTALS, INC, 100 FIRST STAMFORD PL, STAMFORD CT 06902