GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Universal Electronics Inc (NAS:UEIC) » Definitions » Inventory Turnover

UEIC (Universal Electronics) Inventory Turnover : 0.84 (As of Mar. 2025)


View and export this data going back to 1993. Start your Free Trial

What is Universal Electronics 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. Universal Electronics's Cost of Goods Sold for the three months ended in Mar. 2025 was $66.2 Mil. Universal Electronics's Average Total Inventories for the quarter that ended in Mar. 2025 was $78.4 Mil. Universal Electronics's Inventory Turnover for the quarter that ended in Mar. 2025 was 0.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Universal Electronics's Days Inventory for the three months ended in Mar. 2025 was 108.00.

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. Universal Electronics's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.85.


Universal Electronics Inventory Turnover Historical Data

The historical data trend for Universal Electronics'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.

Universal Electronics Inventory Turnover Chart

Universal Electronics Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.30 3.36 2.84 2.83 3.35

Universal Electronics Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.77 0.76 0.81 0.94 0.84

Universal Electronics Inventory Turnover Calculation

Universal Electronics's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Inventory Turnover (A: Dec. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2024 ) / ((Total Inventories (A: Dec. 2023 ) + Total Inventories (A: Dec. 2024 )) / count )
=280.885 / ((88.273 + 79.355) / 2 )
=280.885 / 83.814
=3.35

Universal Electronics's Inventory Turnover for the quarter that ended in Mar. 2025 is calculated as

Inventory Turnover (Q: Mar. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2025 ) / ((Total Inventories (Q: Dec. 2024 ) + Total Inventories (Q: Mar. 2025 )) / count )
=66.243 / ((79.355 + 77.455) / 2 )
=66.243 / 78.405
=0.84

* 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.


Universal Electronics  (NAS:UEIC) 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.

Universal Electronics's Days Inventory for the three months ended in Mar. 2025 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2025 )/Cost of Goods Sold (Q: Mar. 2025 )*Days in Period
=78.405/66.243*365 / 4
=108.00

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.

Universal Electronics's Inventory to Revenue for the quarter that ended in Mar. 2025 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2025 ) / Revenue (Q: Mar. 2025 )
=78.405 / 92.326
=0.85

* 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.


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.


Universal Electronics Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Universal Electronics's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Universal Electronics Business Description

Traded in Other Exchanges
N/A
Address
15147 N. Scottsdale Road, Suite H300, Scottsdale, AZ, USA, 85254-2494
Universal Electronics Inc is a United States-based company that principally designs, develops, manufactures, ships, and supports control and sensor technology solutions and a broad line of universal control systems, audio-video (AV) accessories, wireless security, and smart home products that are used by the world's brands in the video services, consumer electronics, security, home automation, climate control and home appliance markets. It generates its total revenue from the United States.
Executives
Eric Singer 10 percent owner 323 SUNNY ISLES BLVD., SUITE 700, SUNNY ISLES BEACH FL 33160
Firehammer Richard A Jr officer: Senior Vice Presiden 201 E. SANDPOINTE AVENUE, 8TH FLOOR, SANTA ANA CA 92707
Paul D Arling director, officer: CEO 201 EAST SANDPOINTE, 8TH FLOOR, SANTA ANA CA 92707
Edward K Zinser director 201 EAST SANDPOINTE, 8TH FLOOR, SANTA ANA CA 92707
Toro 18 Holdings Llc 10 percent owner 2999 N.E. 191ST STREET, SUITE 610, AVENTURA FL 33180
William C Martin 10 percent owner C/O RAGING CAPITAL MANAGEMENT, LLC, TEN PRINCETON AVENUE, PO BOX 228, ROCKY HILL NJ 08553
Immersion Corp 10 percent owner 2999 N. E. 191ST STREET, SUITE 610, AVENTURA FL 33180
Bryan M Hackworth officer: Vice President and CFO 201 EAST SANDPOINTE, 8TH FLOOR, SANTA ANA CA 92707
Chong David Cheung Hyen officer: Executive Vice President -Asia 201 EAST SANDPOINTE AVENUE, 8TH FLOOR, SANTA ANA CA 92707
Romulo Pontual director 15147 N SCOTTSDALE ROAD, SUITE H300, SCOTTSDALE AZ 85254
William C Mulligan director 201 EAST SANDPOINTE, 8TH FLOOR, SANTA ANA CA 92707
Richard K Carnifax officer: V.P. Global Operations 15147 N. SCOTTSDALE ROAD, SUITE H300, SCOTTSDALE AZ 85254
Satjiv S Chahil director 201 EAST SANDPOINTE, 8TH FLOOR, SANTA ANA CA 92707
Ramzi Ammari officer: Sr.VP Corp Planning & Strategy 15147 N. SCOTTSDALE ROAD, SCOTTSDALE AZ 85268
Joseph Miketo officer: Sr. VP Operations 15147 N. SCOTTSDALE ROAD, SCOTTSDALE AZ 85254