UNITE Group (LSE:UTG) Days Inventory : 94.50 (As of Dec. 2023)

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What is UNITE Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). UNITE Group's Average Total Inventories for the six months ended in Dec. 2023 was £21.8 Mil. UNITE Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £42.1 Mil. Hence, UNITE Group's Days Inventory for the six months ended in Dec. 2023 was 94.50.

The historical rank and industry rank for UNITE Group's Days Inventory or its related term are showing as below:

LSE:UTG' s Days Inventory Range Over the Past 10 Years
Min: 11.91 Med: 51.53 Max: 92.68
Current: 89.35

During the past 13 years, UNITE Group's highest Days Inventory was 92.68. The lowest was 11.91. And the median was 51.53.

LSE:UTG's Days Inventory is ranked worse than
50.69% of 144 companies
in the REITs industry
Industry Median: 84.855 vs LSE:UTG: 89.35

UNITE Group's Days Inventory increased from Dec. 2022 (58.05) to Dec. 2023 (94.50). It might indicate that UNITE Group's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. UNITE Group's Inventory Turnover for the six months ended in Dec. 2023 was 1.93.

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. UNITE Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.20.

UNITE Group Days Inventory Historical Data

The historical data trend for UNITE Group's Days Inventory 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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UNITE Group Days Inventory Chart

UNITE Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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74.48

43.83

59.23

64.64

92.68

UNITE Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															62.99	59.06	58.05	79.42	94.50

Competitive Comparison of UNITE Group's Days Inventory

For the REIT - Diversified subindustry, UNITE Group's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

UNITE Group's Days Inventory Distribution in the REITs Industry

For the REITs industry and Real Estate sector, UNITE Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where UNITE Group's Days Inventory falls into.

UNITE Group Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

UNITE Group's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (12.8	+	26.2)	/	2 )	/	76.8	*	365
=	19.5					/	76.8	*	365
=	92.68

UNITE Group's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (17.4	+	26.2)	/	2 )	/	42.1	*	365 / 2
=	21.8					/	42.1	*	365 / 2
=	94.50

UNITE Group (LSE:UTG) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

UNITE Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	42.1	/	21.8
	=	1.93

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.

UNITE Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	21.8	/	111.1
	=	0.20

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

UNITE Group Days Inventory Related Terms

Thank you for viewing the detailed overview of UNITE Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

UNITE Group (LSE:UTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » UNITE Group PLC (LSE:UTG) » Definitions » Days Inventory

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Traded in Other Exchanges

UTGPF:USA UTGl:UK

Address

South Quay House, Temple Back, Bristol, GBR, BS1 6FL

Website

https://www.unite-group.co.uk

UNITE Group PLC develops and operates student housing. It has nearly 150 properties in the United Kingdom that can accommodate almost 50,000 students. Nearly 20% of its rental capacity is in London. The company rents rooms both directly to students and through partnerships with more than 50 universities. Properties often have communal kitchens and other common rooms. Rental income typically provides a portion of the company's revenue. The company also generates revenue from management and development fees and from property sales.