United Energy Group (United Energy Group) Inventory Turnover : 18.35 (As of Dec. 2023)

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What is United Energy Group 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 Energy Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $701 Mil. United Energy Group's Average Total Inventories for the quarter that ended in Dec. 2023 was $38 Mil. United Energy Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 18.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. United Energy Group's Days Inventory for the six months ended in Dec. 2023 was 9.94.

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 Energy Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.

United Energy Group Inventory Turnover Historical Data

The historical data trend for United Energy Group'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 Energy Group Inventory Turnover Chart

United Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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10.95

12.75

13.15

15.50

28.46

United Energy Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															6.52	8.60	6.48	9.98	18.35

United Energy Group Inventory Turnover Calculation

United Energy Group'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 )
=	1171.84	/ (	(50.005	+	32.34)	/	2 )
=	1171.84	/	41.1725
=	28.46

United Energy Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	701.038	/ (	(44.062	+	32.34)	/	2 )
=	701.038	/	38.201
=	18.35

United Energy Group (OTCPK:UNEGF) 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 Energy Group's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	38.201	/	701.038	*	365 / 2
	=	9.94

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 Energy Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	38.201	/	943.038
	=	0.04

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 Energy Group Inventory Turnover Related Terms

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United Energy Group (United Energy Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » United Energy Group Ltd (OTCPK:UNEGF) » Definitions » Inventory Turnover

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00467:Hong Kong 1UEN:Germany

Address

Two Pacific Place, 88 Queensway, Admiralty, Suite 2505, 25th Floor, Hong Kong, HKG

Website

http://www.uegl.com.hk

United Energy Group Ltd is principally engaged in the investment and operation of upstream oil, natural gas, and other energy-related businesses. Geographically, the firm has operational footprints in Pakistan, Singapore, Egypt, and Iraq. Though the company generates majority of its revenue in Pakistan, Its oil and natural gas resources are the primary sources of revenue.

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