United Malt Group (ASX:UMG) Days Inventory : 149.81 (As of Mar. 2023)

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What is United Malt Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). United Malt Group's Average Total Inventories for the six months ended in Mar. 2023 was A$491 Mil. United Malt Group's Cost of Goods Sold for the six months ended in Mar. 2023 was A$598 Mil. Hence, United Malt Group's Days Inventory for the six months ended in Mar. 2023 was 149.81.

The historical rank and industry rank for United Malt Group's Days Inventory or its related term are showing as below:

ASX:UMG' s Days Inventory Range Over the Past 10 Years
Min: 127.22 Med: 130.7 Max: 135.18
Current: 135.18

During the past 4 years, United Malt Group's highest Days Inventory was 135.18. The lowest was 127.22. And the median was 130.70.

ASX:UMG's Days Inventory is not ranked
in the Beverages - Alcoholic industry.
Industry Median: 160.75 vs ASX:UMG: 135.18

United Malt Group's Days Inventory increased from Mar. 2022 (127.61) to Mar. 2023 (149.81). It might indicate that United Malt Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. United Malt Group's Inventory Turnover for the six months ended in Mar. 2023 was 1.22.

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 Malt Group's Inventory-to-Revenue for the six months ended in Mar. 2023 was 0.65.

United Malt Group Days Inventory Historical Data

The historical data trend for United Malt Group's Days 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 Malt Group Days Inventory Chart

United Malt Group Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Days Inventory

127.22

130.70

134.30

United Malt Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Days Inventory	Get a 7-Day Free Trial			132.98	126.43	127.61	125.03	149.81

Competitive Comparison of United Malt Group's Days Inventory

For the Beverages - Brewers subindustry, United Malt Group's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

United Malt Group's Days Inventory Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, United Malt Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where United Malt Group's Days Inventory falls into.

United Malt Group Days Inventory Calculation

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

United Malt Group's Days Inventory for the fiscal year that ended in Sep. 2022 is calculated as

	Days Inventory (A: Sep. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2021 )	+	Total Inventories (A: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2022 )	*	Days in Period
=	( (344	+	475.7)	/	2 )	/	1113.9	*	365
=	409.85					/	1113.9	*	365
=	134.30

United Malt Group's Days Inventory for the quarter that ended in Mar. 2023 is calculated as:

	Days Inventory (Q: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (475.7	+	506.7)	/	2 )	/	598.4	*	365 / 2
=	491.2					/	598.4	*	365 / 2
=	149.81

United Malt Group (ASX:UMG) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

United Malt Group's Inventory Turnover for the six months ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	598.4	/	491.2
	=	1.22

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 Malt Group's Inventory to Revenue for the six months ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	491.2	/	756.6
	=	0.65

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

United Malt Group Days Inventory Related Terms

Thank you for viewing the detailed overview of United Malt Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

United Malt Group (ASX:UMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » United Malt Group Ltd (ASX:UMG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

18110 SE 34th Street, Suite 240, Vancouver, WA, USA, 98683

Website

https://www.unitedmalt.com

United Malt processes grains into malt, primarily for brewing into beer. The company is the fourth largest global malt processor and works with some of the world's largest breweries and distillers as well as fast growing craft producers. The business has capacity to process about 1.25 million metric tons of malt annually, primarily housed in the U.S. and Canada, serving the North American beer market, with additional facilities in Australia (serving both domestic brewing and exports to Asia) and the U.K. (selling to Scotch whisky distillers).

United Malt Group (ASX:UMG) Headlines

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