Gladstone Commercial (Gladstone Commercial) Days Inventory

: 450.29 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Gladstone Commercial's Average Total Inventories for the three months ended in Dec. 2023 was $27.5 Mil. Gladstone Commercial's Cost of Goods Sold for the three months ended in Dec. 2023 was $5.6 Mil. Hence, Gladstone Commercial's Days Inventory for the three months ended in Dec. 2023 was 450.29.

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

GOOD' s Days Inventory Range Over the Past 10 Years
Min: 44.8 Med: 131.05 Max: 217.3
Current: 217.3

During the past 13 years, Gladstone Commercial's highest Days Inventory was 217.30. The lowest was 44.80. And the median was 131.05.

GOOD's Days Inventory is ranked worse than
58.74% of 143 companies
in the REITs industry
Industry Median: 84.95 vs GOOD: 217.30

Gladstone Commercial's Days Inventory increased from Dec. 2022 (44.76) to Dec. 2023 (450.29). It might indicate that Gladstone Commercial'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. Gladstone Commercial's Inventory Turnover for the three months ended in Dec. 2023 was 0.20.

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. Gladstone Commercial's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.77.

Gladstone Commercial Days Inventory Historical Data

The historical data trend for Gladstone Commercial'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.

Gladstone Commercial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

44.80

217.30

Gladstone Commercial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																44.76	44.67	-	-	450.29

Competitive Comparison

For the REIT - Diversified subindustry, Gladstone Commercial'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.

Gladstone Commercial Days Inventory Distribution

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

* The bar in red indicates where Gladstone Commercial's Days Inventory falls into.

Gladstone Commercial Days Inventory Calculation

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

Gladstone Commercial'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
=	( (3.293	+	27.496)	/	2 )	/	25.858	*	365
=	15.3945					/	25.858	*	365
=	217.30

Gladstone Commercial'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	+	27.496)	/	1 )	/	5.572	*	365 / 4
=	27.496					/	5.572	*	365 / 4
=	450.29

Gladstone Commercial (NAS:GOOD) 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.

Gladstone Commercial's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5.572	/	27.496
	=	0.20

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.

Gladstone Commercial's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	27.496	/	35.909
	=	0.77

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.

Gladstone Commercial Days Inventory Related Terms

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

Gladstone Commercial (Gladstone Commercial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Gladstone Commercial Corp (NAS:GOOD) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

GOODN.PFD:USA GLE:Germany

Address

1521 Westbranch Drive, Suite 100, McLean, VA, USA, 22102

Website

https://www.gladstonecommercial.com

Gladstone Commercial Corp is a real estate investment trust, which engages in investing and owning net leased industrial, commercial, and retail real property and making long-term industrial and commercial mortgage loans. Its portfolio consists of single-tenant commercial, industrial real properties, and medical properties nationwide. Its principal investment objectives are to generate income from rental properties.

Executives

Gary Gerson	officer: Chief Financial Officer	1521 WESTBRANCH DRIVE, SUITE 200, MCLEAN VA 22207
Jay Beckhorn	officer: Treasurer	1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Arthur S. Cooper	officer: Chief Investment Officer	1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Elliott Jr Wislar	officer: Chief Investment Officer	1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Paula Novara	director	1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Robert G Cutlip	officer: President	C/O HIGHWOODS PROPERTIES, 3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Michela A English	director	C/O GLADSTONE CAPITAL CORP, 1521 WESTBRANCH DRIVE SUITE 200, MCLEAN VA 22102
Michael Sodo	officer: CFO	1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Michael Licalsi	other: Affiliate of External Advisor	1521 WESTBRANCH DR., MCLEAN VA 22102
Paul W Adelgren	director	C/O GLADSTONE CAPITAL CORP, 1521 WESTBRANCH DRIVE SUITE 200, MCLEAN VA 22102
David Gladstone	director, officer: CEO	1521 WESTBRANCH DRIVE, SUITE 200, MCLEAN VA 22102
Caren D Merrick	director	1521 WESTBRANCH, SUITE 100, MCLEAN VA 22102
Walter H Wilkinson	director	C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Jennifer A Smith	officer: Valuation Officer	1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
George Iii Stelljes	director, officer: EVP, Chief Investment Officer	C/O GLADSTONE CAPITAL CORP, 1521 WESTBRANCH DRIVE SUITE 200, MCLEAN VA 22102