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Tricon Residential (TSX:TCN) Days Inventory : 0.00 (As of Dec. 2023)


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What is Tricon Residential Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tricon Residential's Average Total Inventories for the three months ended in Dec. 2023 was C$0 Mil. Tricon Residential's Cost of Goods Sold for the three months ended in Dec. 2023 was C$128 Mil. Hence, Tricon Residential's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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

TSX:TCN's Days Inventory is not ranked *
in the Real Estate industry.
Industry Median: 698.185
* Ranked among companies with meaningful Days Inventory only.

Tricon Residential'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. Tricon Residential's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.


Tricon Residential Days Inventory Historical Data

The historical data trend for Tricon Residential'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.

Tricon Residential Days Inventory Chart

Tricon Residential Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
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Tricon Residential Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Tricon Residential's Days Inventory

For the Real Estate Services subindustry, Tricon Residential'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.


Tricon Residential's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Tricon Residential's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tricon Residential's Days Inventory falls into.



Tricon Residential Days Inventory Calculation

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

Tricon Residential's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (0 + 0) / 1 ) / 474.697*365
=0 / 474.697*365
=0.00

Tricon Residential'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: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (0 + 0) / 1 ) / 128.177*365 / 4
=0 / 128.177*365 / 4
=0.00

* 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.


Tricon Residential  (TSX:TCN) 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.

Tricon Residential's Inventory Turnover for the three months ended in Dec. 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.

Tricon Residential's Inventory to Revenue for the three months ended in Dec. 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.


Tricon Residential Days Inventory Related Terms

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


Tricon Residential (TSX:TCN) Business Description

Traded in Other Exchanges
Address
7 St. Thomas Street, Suite 801, Toronto, ON, CAN, M5S 2B7
Tricon Residential Inc is a rental housing company catering to the middle-market demographic throughout the United States and Canada. The company owns and manages approximately 36,000 single-family rental homes and multi-family rental units through an integrated, technology-enabled operating platform.
Executives
Ira Gluskin Director