United Airlines Holdings (United Airlines Holdings) Inventory Turnover : 6.06 (As of Mar. 2024)

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What is United Airlines Holdings 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 Airlines Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was $9,799 Mil. United Airlines Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was $1,618 Mil. United Airlines Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 6.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. United Airlines Holdings's Days Inventory for the three months ended in Mar. 2024 was 15.07.

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 Airlines Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.13.

United Airlines Holdings Inventory Turnover Historical Data

The historical data trend for United Airlines Holdings'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 Airlines Holdings Inventory Turnover Chart

United Airlines Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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29.93

20.34

24.97

32.81

28.85

United Airlines Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															8.02	7.48	7.17	6.47	6.06

United Airlines Holdings Inventory Turnover Calculation

United Airlines Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	38518	/ (	(1109	+	1561)	/	2 )
=	38518	/	1335
=	28.85

United Airlines Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	9799	/ (	(1561	+	1675)	/	2 )
=	9799	/	1618
=	6.06

United Airlines Holdings (NAS:UAL) 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 Airlines Holdings's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	1618	/	9799	*	365 / 4
	=	15.07

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 Airlines Holdings's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1618	/	12539
	=	0.13

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 Airlines Holdings Inventory Turnover Related Terms

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United Airlines Holdings (United Airlines Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » United Airlines Holdings Inc (NAS:UAL) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

UAL:Mexico 1UAL:Italy UAL1:Germany UAL1:Germany UAL1:Germany U1AL34:Brazil

Address

233 South Wacker Drive, Chicago, IL, USA, 60606

Website

https://www.united.com

United Airlines is a major U.S. network carrier with hubs in San Francisco, Chicago, Houston, Denver, Los Angeles, New York/Newark, and Washington, D.C. United operates a hub-and-spoke system that is more focused on international and long-haul travel than its large U.S. peers.

Executives

Kennedy James A C	director	T ROWE PRICE GROUP INC, 100 E PRATT ST, BALTIMORE MD 21202
Michael D. Leskinen	officer: EVP & Chief Financial Officer	233 S. WACKER DRIVE, WHQLD, CHICAGO IL 60606
Gerald Laderman	officer: EVP and CFO	233 S. WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606
Gregory L Hart	officer: EVP & Chief Growth Officer	233 SOUTH WACKER DRIVE, 11TH FLOOR HDQLD, CHICAGO IL 60606
Edward M Philip	director	C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02861
Carolyn Corvi	director	233 SOUTH WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606
Barney Harford	director	C/O ORBITZ WORLDWIDE, INC., 500 W. MADISON STREET, SUITE 1000, CHICAGO IL 60661
Michele J Hooper	director	C/O PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Edward Shapiro	director	275 GROVE STREET, NEWTON MA 02466
Chris Kenny	officer: Vice President & Controller	233 S. WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606
Andrew P Nocella	officer: EVP & Chief Commercial Officer	233 S. WACKER DR. 11TH FL WHQLD, CHICAGO IL 60606
Torbjorn J Enqvist	officer: EVP & Chief Operations Officer	233 S. WACKER DRIVE, 11TH FL WHQLD, CHICAGO IL 60606
Linda P Jojo	officer: EVP & Chief Customer Officer	233 S. WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606
Kate Gebo	officer: EVP HR and Labor Relations	233 SOUTH WACKER DRIVE, 11TH FL - WHQLD, CHICAGO IL 60606
Brett J Hart	officer: President	233 S. WACKER DRIVE, 11TH FL - WHQLD, CHICAGO IL 60606