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Spear REIT (JSE:SEA) Days Inventory : 740.12 (As of Aug. 2023)


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What is Spear REIT Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Spear REIT's Average Total Inventories for the six months ended in Aug. 2023 was R411.3 Mil. Spear REIT's Cost of Goods Sold for the six months ended in Aug. 2023 was R101.4 Mil. Hence, Spear REIT's Days Inventory for the six months ended in Aug. 2023 was 740.12.

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

JSE:SEA' s Days Inventory Range Over the Past 10 Years
Min: 133.12   Med: 387.41   Max: 924.76
Current: 556.79

During the past 7 years, Spear REIT's highest Days Inventory was 924.76. The lowest was 133.12. And the median was 387.41.

JSE:SEA's Days Inventory is ranked worse than
77.93% of 145 companies
in the REITs industry
Industry Median: 89.35 vs JSE:SEA: 556.79

Spear REIT's Days Inventory increased from Aug. 2022 (141.15) to Aug. 2023 (740.12). It might indicate that Spear REIT's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Spear REIT's Inventory Turnover for the six months ended in Aug. 2023 was 0.25.

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. Spear REIT's Inventory-to-Revenue for the six months ended in Aug. 2023 was 1.40.


Spear REIT Days Inventory Historical Data

The historical data trend for Spear 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.

* Premium members only.

Spear REIT Days Inventory Chart

Spear REIT Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Days Inventory
Get a 7-Day Free Trial 387.41 172.16 - 133.12 455.35

Spear REIT Semi-Annual Data
Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 126.03 141.15 478.02 740.12

Competitive Comparison of Spear REIT's Days Inventory

For the REIT - Diversified subindustry, Spear 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.


Spear REIT's Days Inventory Distribution in the REITs Industry

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

* The bar in red indicates where Spear REIT's Days Inventory falls into.



Spear REIT Days Inventory Calculation

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

Spear REIT's Days Inventory for the fiscal year that ended in Feb. 2023 is calculated as

Days Inventory (A: Feb. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Feb. 2022 ) + Total Inventories (A: Feb. 2023 )) / count ) / Cost of Goods Sold (A: Feb. 2023 )*Days in Period
=( (71.4 + 422.676) / 2 ) / 198.023*365
=247.038 / 198.023*365
=455.35

Spear REIT's Days Inventory for the quarter that ended in Aug. 2023 is calculated as:

Days Inventory (Q: Aug. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Feb. 2023 ) + Total Inventories (Q: Aug. 2023 )) / count ) / Cost of Goods Sold (Q: Aug. 2023 )*Days in Period
=( (422.676 + 400) / 2 ) / 101.428*365 / 2
=411.338 / 101.428*365 / 2
=740.12

* 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.


Spear REIT  (JSE:SEA) 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.

Spear REIT's Inventory Turnover for the six months ended in Aug. 2023 is calculated as

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.

Spear REIT's Inventory to Revenue for the six months ended in Aug. 2023 is calculated as

* 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.


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.


Spear REIT Days Inventory Related Terms

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


Spear REIT (JSE:SEA) Business Description

Traded in Other Exchanges
N/A
Address
2 Long Street, PO Box 50, 16th Floor, Cape Town, ZAF, 8001
Spear REIT Ltd is a real estate investment trust. The company is a diversified property investment company investing in real estate sectors including office, retail, industrial, residential, and hospitality. Its operating business segments are Industrial, Commercial, Retail, Hospitality, Residential, Development, and Non-property. The segments derive their revenue mainly from rental income from leases. The company derives maximum revenue from the Industrial segment.

Spear REIT (JSE:SEA) Headlines

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