United Malt Group (ASX:UMG) Inventory Turnover : 1.22 (As of Mar. 2023)

View and export this data going back to 2020. Start your Free Trial

What is United Malt Group 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 Malt Group's Cost of Goods Sold for the six months ended in Mar. 2023 was A$598 Mil. United Malt Group's Average Total Inventories for the quarter that ended in Mar. 2023 was A$491 Mil. United Malt Group's Inventory Turnover for the quarter that ended in Mar. 2023 was 1.22.

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 six months ended in Mar. 2023 was 149.81.

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 quarter that ended in Mar. 2023 was 0.65.

United Malt Group Inventory Turnover Historical Data

The historical data trend for United Malt Group'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.

* Premium members only.

United Malt Group Inventory Turnover Chart

United Malt Group Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Inventory Turnover

2.87

2.79

2.72

United Malt Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Inventory Turnover	Get a 7-Day Free Trial			1.37	1.44	1.43	1.46	1.22

United Malt Group Inventory Turnover Calculation

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

	Inventory Turnover (A: Sep. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2022 )	/ (	(Total Inventories (A: Sep. 2021 )	+	Total Inventories (A: Sep. 2022 ))	/	count )
=	1113.9	/ (	(344	+	475.7)	/	2 )
=	1113.9	/	409.85
=	2.72

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

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	598.4	/ (	(475.7	+	506.7)	/	2 )
=	598.4	/	491.2
=	1.22

United Malt Group (ASX:UMG) 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 Malt Group's Days Inventory for the six months ended in Mar. 2023 is calculated as:

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

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 quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	491.2	/	756.6
	=	0.65

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 Malt Group Inventory Turnover Related Terms

Thank you for viewing the detailed overview of United Malt Group's Inventory Turnover 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 » Inventory Turnover

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

No Headlines