United Mining Industries Co (SAU:9583) Inventory Turnover : 1.71 (As of Jun. 2024)

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What is United Mining Industries Co 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 Mining Industries Co's Cost of Goods Sold for the six months ended in Jun. 2024 was ﷼81.8 Mil. United Mining Industries Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ﷼47.9 Mil. United Mining Industries Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.71.

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 six months ended in Jun. 2024 was 106.84.

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 Inventory Turnover Historical Data

The historical data trend for United Mining Industries Co'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 Mining Industries Co Inventory Turnover Chart

United Mining Industries Co Annual Data

Trend

Dec22

Dec23

Inventory Turnover

2.57

2.83

United Mining Industries Co Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	-	1.10	1.90	1.71

United Mining Industries Co Inventory Turnover Calculation

United Mining Industries Co'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 )
=	168.967	/ (	(72.526	+	47.041)	/	2 )
=	168.967	/	59.7835
=	2.83

United Mining Industries Co'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: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	81.788	/ (	(47.041	+	48.719)	/	2 )
=	81.788	/	47.88
=	1.71

United Mining Industries Co (SAU:9583) 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 Mining Industries Co's Days Inventory for the six 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
	=	47.88	/	81.788	*	365 / 2
	=	106.84

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 Mining Industries Co'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 )
	=	47.88	/	121.119
	=	0.40

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 Mining Industries Co Inventory Turnover 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 » Inventory Turnover

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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