UMH Properties (UMH Properties) Total Inventories

: $32.9 Mil (As of Dec. 2023)

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UMH Properties's total inventories for the quarter that ended in Dec. 2023 was $32.9 Mil. UMH Properties's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $35.9 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. UMH Properties's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-13.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. UMH Properties's Days Inventory for the three months ended in Dec. 2023 was 128.23.

Inventory Turnover measures how fast the company turns over its inventory within a year. UMH Properties's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.71.

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. UMH Properties's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.63.

UMH Properties Total Inventories Historical Data

The historical data trend for UMH Properties's Total Inventories 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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UMH Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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31.97

25.45

23.66

88.47

32.94

UMH Properties Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															88.47	88.34	61.05	38.95	32.94

UMH Properties Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

UMH Properties (NYSE:UMH) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

UMH Properties's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(91.826	+	0.75 * 0	+	0.5 * 32.94	-	720.783
-	290.18	-	2.074)	/	67.978
=	-13.31

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

UMH Properties's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	35.945	/	25.578	*	365 / 4
	=	128.23

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	25.578	/	35.945
	=	0.71

4. 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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	35.945	/	56.984
	=	0.63

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

UMH Properties Total Inventories Related Terms

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UMH Properties (UMH Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » UMH Properties Inc (NYSE:UMH) » Definitions » Total Inventories

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AIV ELME CSR VRE NXRT BRT FREVS CLPR BHM IRT AVB EQR INVH SUI ESS MAA AMH UDR ELS CPT

Traded in Other Exchanges

UMHpD.PFD:USA UMH:Israel

Address

3499 Route 9, Suite 3C, Freehold, NJ, USA, 07728

Website

https://www.umh.reit

UMH Properties Inc together with its subsidiaries is a real estate investment trust. It is engaged in the business of ownership and operation of manufactured home communities - leasing manufactured homesites to private manufactured home owners. It also leases homes to residents. The company also owns the land, utility connections, streets, lighting, driveways, common area amenities, and other capital improvements. It earns income from leasing, brokerage, and appreciation. It is located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, and Maryland.

Executives

Quigley Kenneth K Jr	director
Jeffrey A Carus	director	3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Kiernan Conway	director	3499 RT. 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Samuel A Landy	director, officer: President	3499 ROUTE 9 NORTH, STE 3C, FREEDHOLD NJ 07728
Daniel O. Landy	other: EVP and President of OZ Fund	3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Matthew I Hirsch	director	3499 ROUTE 9 NORTH, STE 3C, FREEDHOLD NJ 07728
Brett Taft	officer: EVP and COO	3499 ROUTE 9 , SUITE 3C, FREEHOLD NJ 07728
Craig Koster	officer: EVP and General Counsel	3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Amy Lynn Butewicz	director	3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Stuart Levy	director	3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Angela D. Pruitt	director	3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
William Edward Mitchell	director	3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Steven B Wolgin	director
Michael P Landy	officer: Vice President - Investments	3499 ROUTE 9 N STE 3-C, FREEHOLD NJ 07728
Eugene W Landy	director, 10 percent owner, officer: Chairman of the Board	3499 ROUTE 9 NORTH SUITE 3C, FREEHOLD NJ 07728