Universal Stainless & Alloy Products (Universal Stainless & Alloy Products) Inventory Turnover : 0.45 (As of Dec. 2023)

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What is Universal Stainless & Alloy Products 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. Universal Stainless & Alloy Products's Cost of Goods Sold for the three months ended in Dec. 2023 was $66.7 Mil. Universal Stainless & Alloy Products's Average Total Inventories for the quarter that ended in Dec. 2023 was $147.7 Mil. Universal Stainless & Alloy Products's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Universal Stainless & Alloy Products's Days Inventory for the three months ended in Dec. 2023 was 202.18.

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 Stainless & Alloy Products's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.85.

Universal Stainless & Alloy Products Inventory Turnover Historical Data

The historical data trend for Universal Stainless & Alloy Products'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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Universal Stainless & Alloy Products Inventory Turnover Chart

Universal Stainless & Alloy Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.53

1.41

1.17

1.27

1.64

Universal Stainless & Alloy Products Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.34	0.38	0.39	0.40	0.45

Universal Stainless & Alloy Products Inventory Turnover Calculation

Universal Stainless & Alloy Products'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 )
=	244.404	/ (	(154.193	+	144.7)	/	2 )
=	244.404	/	149.4465
=	1.64

Universal Stainless & Alloy Products'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	66.672	/ (	(150.751	+	144.7)	/	2 )
=	66.672	/	147.7255
=	0.45

Universal Stainless & Alloy Products (NAS:USAP) 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 Stainless & Alloy Products's Days Inventory for the three 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
	=	147.7255	/	66.672	*	365 / 4
	=	202.18

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 Stainless & Alloy Products'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 )
	=	147.7255	/	79.78
	=	1.85

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 Stainless & Alloy Products Inventory Turnover Related Terms

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Universal Stainless & Alloy Products (Universal Stainless & Alloy Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Universal Stainless & Alloy Products Inc (NAS:USAP) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

US6:Germany

Address

600 Mayer Street, Bridgeville, PA, USA, 15017

Website

https://www.univstainless.com

Universal Stainless & Alloy Products Inc manufactures and markets semi-finished and finished specialty steel products, including stainless steel, nickel alloys, tool steel, and certain other alloyed steels. The company along with its subsidiaries involves melting, remelting, heat treating, hot and cold rolling, forging, machining and cold drawing of semi-finished and finished specialty steels.

Executives

Udi Toledano	director	51 DUFFIELD DRIVE, S. ORANGE NJ 07079
M. David Kornblatt	director	1214 ROUND HILL ROAD, BRYN MAWR PA 19010
Judith L Bacchus	director	525 WILLIAM PENN PLACE, 33RD FLOOR, PITTSBURGH PA 15219
Christopher L Ayers	director	5626 MISSION DRIVE, MISSION HILL KS 66208
Dennis M Oates	director, officer: Chairman, President and CEO	600 MAYER STREET, BRIDGEVILLE PA 15017
Steven Ditommaso	officer: VP and CFO	600 MAYER STREET, BRIDGEVILLE PA 15017
Wendel Crosby	officer: Vice President of Manufacturin	600 MAYER STREET, BRIDGEVILLE PA 15017
Christopher M Zimmer	officer: Exec. V. P. & CCO	600 MAYER STREET, BRIDGEVILLE PA 15017
John Arminas	officer: VP, Gen. Counsel & Secretary	600 MAYER STREET, BRIDGEVILLE PA 15017
Christopher Thomas Scanlon	officer: VP Finance, Treasurer & CFO	415 HOLIDAY DRIVE, PITTSBURGH PA 15520
Graham Mcintosh	officer: V. P. Technology & Chief Techn	600 MAYER STREET, BRIDGEVILLE PA 15017
Alyssa H Snider	officer: VP & CHRO	600 MAYER STREET, BRIDGEVILLE PA 15017
Paul A Mcgrath	officer: V.P. Admin., General Counsel	600 MAYER STREET, BRIDGEVILLE PA 15017
Ross C Wilkin	officer: V.P. Finance, CFO & Treasurer	600 MAYER STREET, BRIDGEVILLE PA 15017
Larry J Pollock	officer: Exec. V.P. & CMO	600 MAYER STREET, BRIDGEVILLE PA 15017