UFMG (Universal Manufacturing Co) Inventory Turnover: 0.60 (As of Apr. 2002)

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What is Universal Manufacturing Co Inventory Turnover?

Universal Manufacturing Co UFMG -99.00% Inventory Turnover is 0.60 as of Apr. 2002.

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 Manufacturing Co's Cost of Goods Sold for the three months ended in Apr. 2002 was $4.98 Mil. Universal Manufacturing Co's Average Total Inventories for the quarter that ended in Apr. 2002 was $8.32 Mil. Universal Manufacturing Co's Inventory Turnover for the quarter that ended in Apr. 2002 was 0.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Universal Manufacturing Co's Days Inventory for the three months ended in Apr. 2002 was 152.48.

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 Manufacturing Co's Inventory-to-Revenue for the quarter that ended in Apr. 2002 was 1.49.

Universal Manufacturing Co  (OTCPK:UFMG) 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 Manufacturing Co's Days Inventory for the three months ended in Apr. 2002 is calculated as:

Days Inventory =Average Total Inventories (Q: Apr. 2002 )/Cost of Goods Sold (Q: Apr. 2002 )*Days in Period
=8.3215/4.98*365 / 4
=152.48

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 Manufacturing Co's Inventory to Revenue for the quarter that ended in Apr. 2002 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Apr. 2002 ) / Revenue (Q: Apr. 2002 )
=8.3215 / 5.568
=1.49

* 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 Manufacturing Co Inventory Turnover Related Terms

Universal Manufacturing Co Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Universal Manufacturing 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.

Universal Manufacturing Co Inventory Turnover Chart

Universal Manufacturing Co Annual Data
Trend Jul92 Jul93 Jul94 Jul95 Jul96 Jul97 Jul98 Jul99 Jul00 Jul01
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.18 6.18 5.28 4.51 3.50

Universal Manufacturing Co Quarterly Data
Jul97 Oct97 Jan98 Apr98 Jul98 Oct98 Jan99 Apr99 Jul99 Oct99 Jan00 Apr00 Jul00 Oct00 Jan01 Apr01 Jul01 Oct01 Jan02 Apr02
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 0.64 0.68 0.65 0.61 0.60

Universal Manufacturing Co Inventory Turnover Calculation

Universal Manufacturing Co's Inventory Turnover for the fiscal year that ended in Jul. 2001 is calculated as

Inventory Turnover (A: Jul. 2001 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Jul. 2001 ) / ((Total Inventories (A: Jul. 2000 ) + Total Inventories (A: Jul. 2001 )) / count )
=26.182 / ((4.311 + 10.643) / 2 )
=26.182 / 7.477
=3.50

Universal Manufacturing Co's Inventory Turnover for the quarter that ended in Apr. 2002 is calculated as

Inventory Turnover (Q: Apr. 2002 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Apr. 2002 ) / ((Total Inventories (Q: Jan. 2002 ) + Total Inventories (Q: Apr. 2002 )) / count )
=4.98 / ((8.58 + 8.063) / 2 )
=4.98 / 8.3215
=0.60

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.60 mean?
Universal Manufacturing Co (UFMG) has a Inventory Turnover of 0.60 as of Apr. 2002. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Universal Manufacturing Co and its competitors.
Is Universal Manufacturing Co's Inventory Turnover too high?
Universal Manufacturing Co's current Inventory Turnover is 0.60.
How does Universal Manufacturing Co's Inventory Turnover compare to CSHEF and AMTY?
Universal Manufacturing Co's Inventory Turnover of 0.60 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Vehicles & Parts company?
A good Inventory Turnover depends on the Vehicles & Parts industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Universal Manufacturing Co and its competitors. Universal Manufacturing Co's current Inventory Turnover is 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Universal Manufacturing Co stock overvalued right now?
Universal Manufacturing Co (UFMG) has a current Inventory Turnover of 0.60. The current Inventory Turnover is 0.60. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Universal Manufacturing Co (UFMG), the current Inventory Turnover is 0.60 as of Apr. 2002. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Universal Manufacturing Co Business Description

Address 1128 Lincoln Mall, Suite 301, Lincoln, NE, USA, 68508
Universal Manufacturing Co is engaged in re-manufacturing and distribution of electric fuel pumps, transfer cases, calipers, transmission assemblies and other automotive parts for different models of vehicles. The principal markets for the company's products are automotive dealers, jobbers, repair shops and other automotive parts distributors located throughout the USA and Canada.