UCM Resita (BSE:UCM) Inventory Turnover : 0.04 (As of Jun. 2024)

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What is UCM Resita 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. UCM Resita's Cost of Goods Sold for the three months ended in Jun. 2024 was lei0.18 Mil. UCM Resita's Average Total Inventories for the quarter that ended in Jun. 2024 was lei4.69 Mil. UCM Resita's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. UCM Resita's Days Inventory for the three months ended in Jun. 2024 was 2,325.88.

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. UCM Resita's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 3.89.

UCM Resita Inventory Turnover Historical Data

The historical data trend for UCM Resita'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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UCM Resita Inventory Turnover Chart

UCM Resita Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.91

1.63

1.37

1.61

3.29

UCM Resita Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															0.55	0.83	0.92	1.05	0.04

UCM Resita Inventory Turnover Calculation

UCM Resita'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 )
=	33.42	/ (	(14.3	+	6.02)	/	2 )
=	33.42	/	10.16
=	3.29

UCM Resita's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	0.184	/ (	(4.735	+	4.645)	/	2 )
=	0.184	/	4.69
=	0.04

UCM Resita (BSE:UCM) 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.

UCM Resita's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	4.69	/	0.184	*	365 / 4
	=	2,325.88

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.

UCM Resita's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	4.69	/	1.207
	=	3.89

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.

UCM Resita Inventory Turnover Related Terms

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UCM Resita Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » UCM Resita SA (BSE:UCM) » Definitions » Inventory Turnover

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Address

Golului Street No. 1, Caras-Severin County, Resita, ROU, 320053

Website

https://www.ucmr.ro

UCM Resita SA is engaged in the manufacturing of engines and turbines. The company manufactures hydropower units and hydro-mechanical equipment, hydraulic servomotors, spare parts for diesel engines, welded assemblies, welded metal structures, bearings and half-bearing shells, and others. The company markets its products in Romania and the European Union.

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