Universal Stainless & Alloy Products (Universal Stainless & Alloy Products) Inventory-to-Revenue : 1.85 (As of Dec. 2023)

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What is Universal Stainless & Alloy Products Inventory-to-Revenue?

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 Average Total Inventories for the quarter that ended in Dec. 2023 was $147.7 Mil. Universal Stainless & Alloy Products's Revenue for the three months ended in Dec. 2023 was $79.8 Mil. Universal Stainless & Alloy Products's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.85.

Universal Stainless & Alloy Products's Inventory-to-Revenue for the quarter that ended in Dec. 2023 declined from Sep. 2023 (2.12) to Sep. 2023 (1.85)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

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 Turnover measures how fast the company turns over its inventory within a year. Universal Stainless & Alloy Products's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.45.

Universal Stainless & Alloy Products Inventory-to-Revenue Historical Data

The historical data trend for Universal Stainless & Alloy Products's Inventory-to-Revenue 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-to-Revenue Chart

Universal Stainless & Alloy Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory-to-Revenue

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0.58

0.72

0.81

0.73

0.52

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-to-Revenue	Get a 7-Day Free Trial															2.79	2.31	2.18	2.12	1.85

Competitive Comparison of Universal Stainless & Alloy Products's Inventory-to-Revenue

For the Steel subindustry, Universal Stainless & Alloy Products's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.

Universal Stainless & Alloy Products's Inventory-to-Revenue Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Universal Stainless & Alloy Products's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Universal Stainless & Alloy Products's Inventory-to-Revenue falls into.

Universal Stainless & Alloy Products Inventory-to-Revenue Calculation

Universal Stainless & Alloy Products's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (A: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )
=	( (154.193	+	144.7)	/	2 )	/	285.943
=	149.4465					/	285.943
=	0.52

Universal Stainless & Alloy Products's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (Q: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Revenue (Q: Dec. 2023 )
=	( (150.751	+	144.7)	/	2 )	/	79.78
=	147.7255					/	79.78
=	1.85

Universal Stainless & Alloy Products (NAS:USAP) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

More Related Terms:

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

Universal Stainless & Alloy Products's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	66.672	/	147.7255
	=	0.45

Universal Stainless & Alloy Products Inventory-to-Revenue 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-to-Revenue

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