HomeCo Daily Needs REIT (ASX:HDN) Days Inventory : 0.00 (As of Dec. 2023)

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What is HomeCo Daily Needs REIT Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). HomeCo Daily Needs REIT's Average Total Inventories for the six months ended in Dec. 2023 was A$0.0 Mil. HomeCo Daily Needs REIT's Cost of Goods Sold for the six months ended in Dec. 2023 was A$56.3 Mil. Hence, HomeCo Daily Needs REIT's Days Inventory for the six months ended in Dec. 2023 was 0.00.

The historical rank and industry rank for HomeCo Daily Needs REIT's Days Inventory or its related term are showing as below:

ASX:HDN's Days Inventory is not ranked ^*
in the REITs industry.
Industry Median: 95.27
* Ranked among companies with meaningful Days Inventory only.

HomeCo Daily Needs REIT's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

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

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. HomeCo Daily Needs REIT's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.00.

HomeCo Daily Needs REIT Days Inventory Historical Data

The historical data trend for HomeCo Daily Needs REIT's Days Inventory 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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HomeCo Daily Needs REIT Days Inventory Chart

HomeCo Daily Needs REIT Annual Data

Trend

Jun22

Jun23

Days Inventory

HomeCo Daily Needs REIT Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	-	-	-	-	-

Competitive Comparison of HomeCo Daily Needs REIT's Days Inventory

For the REIT - Retail subindustry, HomeCo Daily Needs REIT's Days Inventory, along with its competitors' market caps and Days Inventory 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.

HomeCo Daily Needs REIT's Days Inventory Distribution in the REITs Industry

For the REITs industry and Real Estate sector, HomeCo Daily Needs REIT's Days Inventory distribution charts can be found below:

* The bar in red indicates where HomeCo Daily Needs REIT's Days Inventory falls into.

HomeCo Daily Needs REIT Days Inventory Calculation

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

HomeCo Daily Needs REIT's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	107.7	*	365
=	0					/	107.7	*	365
=	0.00

HomeCo Daily Needs REIT's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	56.3	*	365 / 2
=	0					/	56.3	*	365 / 2
=	0.00

HomeCo Daily Needs REIT (ASX:HDN) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

HomeCo Daily Needs REIT's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	56.3	/	0
	=

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.

HomeCo Daily Needs REIT's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	178.7
	=	0.00

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

HomeCo Daily Needs REIT Days Inventory Related Terms

Thank you for viewing the detailed overview of HomeCo Daily Needs REIT's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

HomeCo Daily Needs REIT (ASX:HDN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » HomeCo Daily Needs REIT (ASX:HDN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Macquarie Place, Level 7, Gateway, Sydney, NSW, AUS, 2000

Website

https://www.home-co.com.au

HomeCo Daily Needs REIT, or HomeCo, is an externally managed property trust run by HMC Capital which also runs HealthCo Healthcare and Wellness REIT and unlisted funds. HomeCo targets 50% of assets in neighbourhood malls, 30% large-format, and 20% in health and services. After merging with Aventus Retail REIT in 2022, HomeCo is overweight large-format (just under half its portfolio) and underweight neighbourhood (one third of the portfolio), with health and services slightly below target. The plan is to move back to the target via redevelopment and tenant remixing, and potentially acquisitions. HomeCo seeks tenant leases before commencing developments, so we expect development opportunities will arise gradually, as population growth adds demand in HomeCo's catchments.

HomeCo Daily Needs REIT (ASX:HDN) Headlines

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