Ultimate Products (LSE:ULTP) Inventory Turnover : 2.15 (As of Jan. 2024)

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What is Ultimate 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. Ultimate Products's Cost of Goods Sold for the six months ended in Jan. 2024 was £61.8 Mil. Ultimate Products's Average Total Inventories for the quarter that ended in Jan. 2024 was £28.7 Mil. Ultimate Products's Inventory Turnover for the quarter that ended in Jan. 2024 was 2.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ultimate Products's Days Inventory for the six months ended in Jan. 2024 was 84.77.

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. Ultimate Products's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.34.

Ultimate Products Inventory Turnover Historical Data

The historical data trend for Ultimate 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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Ultimate Products Inventory Turnover Chart

Ultimate Products Annual Data

Trend

Apr14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Inventory Turnover

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5.21

4.89

5.63

4.56

4.32

Ultimate Products Semi-Annual Data
	Jul16	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Inventory Turnover	Get a 7-Day Free Trial										2.66	1.81	2.34	2.08	2.15

Ultimate Products Inventory Turnover Calculation

Ultimate Products's Inventory Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Inventory Turnover (A: Jul. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jul. 2023 )	/ (	(Total Inventories (A: Jul. 2022 )	+	Total Inventories (A: Jul. 2023 ))	/	count )
=	123.568	/ (	(29.162	+	28.071)	/	2 )
=	123.568	/	28.6165
=	4.32

Ultimate Products's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Jul. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	61.816	/ (	(28.071	+	29.354)	/	2 )
=	61.816	/	28.7125
=	2.15

Ultimate Products (LSE:ULTP) 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.

Ultimate Products's Days Inventory for the six months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	28.7125	/	61.816	*	365 / 2
	=	84.77

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.

Ultimate Products's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	28.7125	/	84.179
	=	0.34

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.

Ultimate Products Inventory Turnover Related Terms

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Ultimate Products (LSE:ULTP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Ultimate Products PLC (LSE:ULTP) » Definitions » Inventory Turnover

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Traded in Other Exchanges

ULTPl:UK 3DJ:Germany

Address

Victoria Street, Manor Mill, Chadderton, Oldham, Manchester, GBR, OL9 0DD

Website

https://www.upplc.com

Ultimate Products PLC design, develop and distribute homeware products across its key brands, including household names Salter and Beldray. It has Products divisons such as Cookshop, Audio, Laundry, Electrical SDA, Tabletop, Luggage, Heating and Cooling. The company operates in United Kingdom, Europe and the rest of the world.

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