Unitil (Unitil) Inventory Turnover : 5.45 (As of Dec. 2023)

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What is Unitil 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. Unitil's Cost of Goods Sold for the three months ended in Dec. 2023 was $77.1 Mil. Unitil's Average Total Inventories for the quarter that ended in Dec. 2023 was $14.2 Mil. Unitil's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Unitil's Days Inventory for the three months ended in Dec. 2023 was 16.75.

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. Unitil's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.11.

Unitil Inventory Turnover Historical Data

The historical data trend for Unitil'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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Unitil Inventory Turnover Chart

Unitil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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35.20

30.20

33.32

34.58

27.01

Unitil 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															9.14	11.87	5.03	5.21	5.45

Unitil Inventory Turnover Calculation

Unitil'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 )
=	374.1	/ (	(13.2	+	14.5)	/	2 )
=	374.1	/	13.85
=	27.01

Unitil'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 )
=	77.1	/ (	(13.8	+	14.5)	/	2 )
=	77.1	/	14.15
=	5.45

Unitil (NYSE:UTL) 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.

Unitil'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
	=	14.15	/	77.1	*	365 / 4
	=	16.75

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.

Unitil'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 )
	=	14.15	/	129.6
	=	0.11

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.

Unitil Inventory Turnover Related Terms

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Unitil (Unitil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Unitil Corp (NYSE:UTL) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

6 Liberty Lane West, Hampton, NH, USA, 03842-1720

Website

https://www.unitil.com

Unitil Corp is a holding company, through its subsidiaries it is engaged in the local distribution of electricity and natural gas throughout its service territories in the states of New Hampshire, Massachusetts, and Maine. It reports three segments namely utility gas operations, utility electric operations, and non-regulated.

Executives

Todd R Diggins	officer: Controller and CAO	6 LIBERTY LANE WEST, HAMPTON NH 03842
Anne L. Alonzo	director	601 WEST FIRST AVENUE, SUITE 1600, SPOKANE WA 99201
Neveen F Awad	director	6 LIBERTY LANE WEST, HAMPTON NH 03842
Justin Eisfeller	officer: VP, IT & CTO	6 LIBERTY LANE WEST, HAMPTON NH 03842
Todd R Black	officer: SR. VICE PRESIDENT	6 LIBERTY LANE WEST, HAMPTON NH 03842
Robert B Hevert	officer: Senior Vice President	6 LIBERTY LANE WEST, HAMPTON NH 03842
Meissner Thomas P Jr	officer: Sr. Vice President	6 LIBERTY LANE WEST, HAMPTON NH 03842
Daniel J Hurstak	officer: Controller	6 LIBERTY LANE WEST, HAMPTON NH 03842
Winfield S Brown	director	6 LIBERTY LANE WEST, HAMPTON NH 03842
Justine Vogel	director	6 LIBERTY LANE WEST, HAMPTON NH 03857
Suzanne Foster	director	6 LIBERTY LANE WEST, HAMPTON NH 03842
Christine L Vaughan	officer: SVP, Fin. & Regulatory Svcs	6 LIBERTY LANE WEST, HAMPTON NH 03842
Christopher J Leblanc	officer: Vice President	6 LIBERTY LANE WEST, HAMPTON NH 03842
Elfner Albert H Iii	director	6 LIBERTY LANE WEST, HAMPTON NH 03842
David P Brownell	director	6 LIBERTY LANE WEST, HAMPTON NH 03842