Univar Solutions (Univar Solutions) Inventory Turnover : 1.87 (As of Jun. 2023)

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What is Univar Solutions 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. Univar Solutions's Cost of Goods Sold for the three months ended in Jun. 2023 was $1,949 Mil. Univar Solutions's Average Total Inventories for the quarter that ended in Jun. 2023 was $1,045 Mil. Univar Solutions's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Univar Solutions's Days Inventory for the three months ended in Jun. 2023 was 48.90.

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. Univar Solutions's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.41.

Univar Solutions Inventory Turnover Historical Data

The historical data trend for Univar Solutions'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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Univar Solutions Inventory Turnover Chart

Univar Solutions Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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8.20

8.94

8.52

8.89

8.41

Univar Solutions Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Inventory Turnover	Get a 7-Day Free Trial															1.97	1.92	1.73	1.83	1.87

Univar Solutions Inventory Turnover Calculation

Univar Solutions's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	8704.1	/ (	(932.2	+	1137.8)	/	2 )
=	8704.1	/	1035
=	8.41

Univar Solutions's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	1949.3	/ (	(1094.5	+	994.8)	/	2 )
=	1949.3	/	1044.65
=	1.87

Univar Solutions (NYSE:UNVR) 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.

Univar Solutions's Days Inventory for the three months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	1044.65	/	1949.3	*	365 / 4
	=	48.90

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.

Univar Solutions's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	1044.65	/	2574.1
	=	0.41

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.

Univar Solutions Inventory Turnover Related Terms

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Univar Solutions (Univar Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Univar Solutions Inc (NYSE:UNVR) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3075 Highland Parkway, Suite 200, Downers Grove, IL, USA, 60515

Website

https://www.univarsolutions.com

Univar Solutions Inc is distributor of commodity and specialty chemicals and ingredients, as well as a provider of value-added services, to customers across a wide range of diverse industries.. The company sells chemicals to a variety of end-users including customers in the food ingredients, beauty and personal care, pharmaceutical ingredients & finished products, CASE, chemical manufacturing, homecare and industrial cleaning and mining. The company organizes itself into four segments based on geography: the United States; Canada; Europe and the Middle East and Africa; and the rest of the world. The majority of revenue comes from the United States.

Executives

Varun Laroyia	director	500 WEST MADISON STREET, SUITE 2800, CHICAGO IL 60661
James B Holcomb	officer: SVP, President North America	3075 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Nicholas W Alexos	officer: EVP, CFO	C/O DENTSPLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Nicholas Powell	officer: President, EMEA & APAC	3075 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Pat Jerding	officer: SVP, Chief Information Officer	3075 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Stephen D Newlin	director	22 W FRONTAGE ROAD, NORTHFIELD IL 60093
Christopher D Pappas	director	C/O 76 SOUTH MAIN STREET, AKRON OH 44308
David Jukes	director, officer: President and CEO	3075 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Kelly O'hanlon	officer: Principal Accounting Officer	3075 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Jennifer Mcintyre	officer: SVP, Chief Integration Officer	3075 HIGHLAND PARKWAY, 200, DOWNERS GROVE IL 60515
Jonathan Webster	officer: SVP, Chief Streamline Officer	3075 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Richard P Fox	director
Noelle J Perkins	officer: SVP, General Counsel Secretary	3075 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE TX 60515
William S Stavropoulos	director
Joan A. Braca	director	1200 WILLOW LAKE BLVD, P.O. BOX 64683, ST. PAUL MN 55110