United Maritime (United Maritime) Total Inventories : $0.00 Mil (As of Mar. 2024)

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What is United Maritime Total Inventories?

United Maritime's total inventories for the quarter that ended in Mar. 2024 was $0.00 Mil. United Maritime's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $0.33 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. United Maritime's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-11.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. United Maritime's Days Inventory for the three months ended in Mar. 2024 was 3.53.

Inventory Turnover measures how fast the company turns over its inventory within a year. United Maritime's Inventory Turnover for the quarter that ended in Mar. 2024 was 25.82.

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 Maritime's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.

United Maritime Total Inventories Historical Data

The historical data trend for United Maritime's Total Inventories 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 Maritime Total Inventories Chart

United Maritime Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

0.05

0.10

0.11

0.66

United Maritime Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial							-	-	-	0.66	-

United Maritime Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

United Maritime (NAS:USEA) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

United Maritime's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(9.756	+	0.75 * 0	+	0.5 * 0	-	112.997
-	0	-	0)	/	9.01246
=	-11.46

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

United Maritime's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	0.332	/	8.572	*	365 / 4
	=	3.53

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

United Maritime's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	8.572	/	0.332
	=	25.82

4. 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 Maritime's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0.332	/	10.598
	=	0.03

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

United Maritime Total Inventories Related Terms

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United Maritime (United Maritime) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

YS9:Germany

Address

154 Vouliagmenis Avenue, Glyfada, GRC, 166 74

Website

https://www.unitedmaritime.gr/en

United Maritime Corp operates as a shipping company currently specializing in the worldwide seaborne transportation of dry bulk commodities. It currently operates one LR2 tanker vessel and three Capesize dry bulk vessels, one Kamsarmax dry bulk vessel and one Panamax dry bulk vessel, with an aggregate cargo-carrying capacity of approximately 795,812 dwt.