Rayonier (Rayonier) Inventory Turnover : 9.33 (As of Dec. 2023)

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What is Rayonier 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. Rayonier's Cost of Goods Sold for the three months ended in Dec. 2023 was $299 Mil. Rayonier's Average Total Inventories for the quarter that ended in Dec. 2023 was $32 Mil. Rayonier's Inventory Turnover for the quarter that ended in Dec. 2023 was 9.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rayonier's Days Inventory for the three months ended in Dec. 2023 was 9.78.

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. Rayonier's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.07.

Rayonier Inventory Turnover Historical Data

The historical data trend for Rayonier'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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Rayonier Inventory Turnover Chart

Rayonier Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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36.95

56.74

40.70

26.34

27.86

Rayonier Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															6.58	5.52	5.38	4.45	9.33

Rayonier Inventory Turnover Calculation

Rayonier's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	762.57	/ (	(23.729	+	31.017)	/	2 )
=	762.57	/	27.373
=	27.86

Rayonier's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	299.373	/ (	(33.139	+	31.017)	/	2 )
=	299.373	/	32.078
=	9.33

Rayonier (NYSE:RYN) 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.

Rayonier'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
	=	32.078	/	299.373	*	365 / 4
	=	9.78

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.

Rayonier's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	32.078	/	467.407
	=	0.07

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.

Rayonier Inventory Turnover Related Terms

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Rayonier (Rayonier) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Rayonier Inc (NYSE:RYN) » Definitions » Inventory Turnover

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Traded in Other Exchanges

RA6:Germany

Address

1 Rayonier Way, Wildlight, FL, USA, 32097

Website

https://www.rayonier.com

Rayonier owns and manages over 2 million acres of timberland in the United States. It is one the largest private landowners in North America. The firm also owns timberland in New Zealand. Rayonier is structured as a real estate investment trust and is not required to pay federal income taxes on earnings generated by timber harvest activities.

Executives

David L Nunes	director, officer: Chief Executive Officer	1 RAYONIER WAY, WILDLIGHT FL 32097
Shelby L Pyatt	officer: VP, Human Resources	1 RAYONIER WAY, YULEE FL 32097
Gregg A Gonsalves	director	C/O CEDAR REALTY TRUST, INC., 44 SOUTH BAYLES AVENUE, PORT WASHINGTON NY 11050
Mark Mchugh	officer: Chief Financial Officer	1 RAYONIER WAY, YULEE FL 32097
Meridee Moore	director
Douglas M Long	officer: SVP, Forest Resources	1 RAYONIER WAY, WILDLIGHT FL 32097
April J. Tice	officer: V.P. Corp Controller	1 RAYONIER WAY, YULEE FL 32097
Mark R Bridwell	officer: VP, GC and Secretary	1 RAYONIER WAY, WILDLIGHT FL 32097
W. Rhett Rogers	officer: VP, Portfolio Management	1 RAYONIER WAY, YULEE FL 32097
Matthew Justice Rivers	director	1 RAYONIER WAY, WILDLIGHT FL 32097
Blanche L Lincoln	director	C/O ENTERGY CORPORATION LEGAL DEPARTMENT, 639 LOYOLA AVE., 26TH FLOOR, NEW ORLEANS LA 70113
Dod A Fraser	director	1 RAYONIER WAY, YULEE FL 32097
Keith E Bass	director	6208 BLAKEFORD DRIVE, WINDERMERE FL 34786
V. Larkin Martin	director	1 RAYONIER WAY, YULEE FL 32097
Scott R. Jones	director	1 RAYONIER WAY, YULEE FL 32097