United Mining Industries Co (SAU:9583) Change In Inventory : ﷼6.8 Mil (TTM As of Jun. 2024)

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What is United Mining Industries Co Change In Inventory?

United Mining Industries Co's change in inventory for the quarter that ended in Jun. 2024 was ﷼-1.7 Mil. It means United Mining Industries Co's inventory increased by ﷼1.7 Mil from Dec. 2023 to Jun. 2024 .

United Mining Industries Co's change in inventory for the fiscal year that ended in Dec. 2023 was ﷼25.5 Mil. It means United Mining Industries Co's inventory declined by ﷼25.5 Mil from Dec. 2022 to Dec. 2023 .

United Mining Industries Co's Total Inventories for the quarter that ended in Jun. 2024 was ﷼48.7 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. United Mining Industries Co's Days Inventory for the quarter that ended in Jun. 2024 was 106.84.

Inventory Turnover measures how fast the company turns over its inventory within a year. United Mining Industries Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.71.

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. United Mining Industries Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.40.

United Mining Industries Co Change In Inventory Historical Data

The historical data trend for United Mining Industries Co's Change In 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 Mining Industries Co Change In Inventory Chart

United Mining Industries Co Annual Data

Trend

Dec22

Dec23

Change In Inventory

-2.70

25.49

United Mining Industries Co Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Change In Inventory	-	16.97	8.52	-1.68

United Mining Industries Co Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was ﷼6.8 Mil.

United Mining Industries Co (SAU:9583) Change In Inventory Explanation

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

United Mining Industries Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	47.88	/	81.788	*	365 / 2
	=	106.84

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

United Mining Industries Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	81.788	/	47.88
	=	1.71

3. 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 Mining Industries Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	47.88	/	121.119
	=	0.40

United Mining Industries Co Change In Inventory Related Terms

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United Mining Industries Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » United Mining Industries Co (SAU:9583) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Madinah Al Munawarah Street, Salamah District, Salamah Tower, Floor No. 4, Office No. 403, Jeddah, SAU, 23525

Website

https://www.ugc.com.sa

United Mining Industries Co is engaged in manufacturing and selling raw materials extracted from mines and mining of gypsum and anhydrite based on a license from the Ministry of Industry and Mineral Resources. It is one of the companies in the field of manufacturing gypsum and cement building materials and products in the Kingdom of Saudi Arabia. It offers products such as Gypsum Board, Fiber Cement Board, Gypsum Powder, and others. The company has three business segments: Fiber cement board, Gypsum board, and Others. It earns the majority of its revenue from Gypsum Board Segment.

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