Sun Communities (Sun Communities) Days Inventory : 49.40 (As of Dec. 2023)

View and export this data going back to 1993. Start your Free Trial

What is Sun Communities Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sun Communities's Average Total Inventories for the three months ended in Dec. 2023 was $213 Mil. Sun Communities's Cost of Goods Sold for the three months ended in Dec. 2023 was $393 Mil. Hence, Sun Communities's Days Inventory for the three months ended in Dec. 2023 was 49.40.

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

SUI' s Days Inventory Range Over the Past 10 Years
Min: 12.94 Med: 26.06 Max: 47.44
Current: 47.44

During the past 13 years, Sun Communities's highest Days Inventory was 47.44. The lowest was 12.94. And the median was 26.06.

SUI's Days Inventory is ranked better than
58.33% of 144 companies
in the REITs industry
Industry Median: 87.84 vs SUI: 47.44

Sun Communities's Days Inventory increased from Dec. 2022 (44.14) to Dec. 2023 (49.40). It might indicate that Sun Communities'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. Sun Communities's Inventory Turnover for the three months ended in Dec. 2023 was 1.85.

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. Sun Communities's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.29.

Sun Communities Days Inventory Historical Data

The historical data trend for Sun Communities'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.

Sun Communities Days Inventory Chart

Sun Communities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

37.10

32.32

16.08

30.49

44.14

Sun Communities Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															44.14	56.75	46.38	43.02	49.40

Competitive Comparison of Sun Communities's Days Inventory

For the REIT - Residential subindustry, Sun Communities'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.

Sun Communities's Days Inventory Distribution in the REITs Industry

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

* The bar in red indicates where Sun Communities's Days Inventory falls into.

Sun Communities Days Inventory Calculation

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

Sun Communities'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
=	( (202.7	+	205.6)	/	2 )	/	1688.3	*	365
=	204.15					/	1688.3	*	365
=	44.14

Sun Communities'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
=	( (219.8	+	205.6)	/	2 )	/	392.9	*	365 / 4
=	212.7					/	392.9	*	365 / 4
=	49.40

Sun Communities (NYSE:SUI) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	392.9	/	212.7
	=	1.85

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	212.7	/	721.9
	=	0.29

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.

Sun Communities Days Inventory Related Terms

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

Sun Communities (Sun Communities) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Sun Communities Inc (NYSE:SUI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SCZ:Germany S2UI34:Brazil

Address

27777 Franklin Road, Suite 200, Southfield, MI, USA, 48034

Website

https://www.suncommunities.com

Sun Communities is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently owns a portfolio of 670 properties, which includes 353 manufactured housing communities, 182 residential vehicle communities, and 135 marina properties. Sun targets owning properties that are desirable as second homes or vacation properties with nearly 50% of the portfolio located in either Florida or Michigan near major bodies of water.

Executives

Baxter Underwood	officer: CEO - Safe Harbor Marinas, LLC	14785 PRESTON RD, 9TH FLOOR, DALLAS TX 75254
Marc Farrugia	officer: EVP & Chief Admin. Officer	27777 FRANKLIN RD., SUITE 200, SOUTHFIELD MI 48034
Jeff Blau	director
Bruce Thelen	officer: EVP	27777 FRANKLIN RD., STE. 200, SOUTHFIEL MI 48034
Clunet R Lewis	director	27777 FRANKLIN ROAD, SUITE 200, SOUTHFIELD MI 48034
Fernando Castro-caratini	officer: EVP, CFO, Sec. & Treas.	27777 FRANKLIN RD., SUITE 200, SOUTHFIELD MI 48034
John Bandini Mclaren	officer: EVP & CFO	27777 FRANKLIN ROAD, SUITE 200, SOUTHFIELD MI 48034
Stephanie W Bergeron	director	27777 FRANKLIN ROAD, STE 200, SUN COMMUNITIES, INC, SOUTHFIELD MI 48034
Aaron Weiss	officer: EVP, Corp. Strat. & Bus. Dev.	27777 FRANKLIN RD., SUITE 200, SOUTHFIELD MI 48034
Gary A Shiffman	director, officer: Chrmn and CEO	27777 FRANKLIN ROAD, STE 200, SOUTHFIELD MI 48034
Karen Dearing	officer: EVP, CFO, Sec. & Treasurer	27777 FRANKLIN ROAD, SUITE 200, SOUTHFIELD MI 48034
Tonya Allen	director	2777 FRANKLIN RD., STE. 200, SOUTHFIELD MI 48034
Ronald A Klein	director	235 EAST MAIN STREET, MIDLAND MI 48640
Jonathan Colman	officer: EVP	27777 FRANKLIN ROAD, SUITE 200, SOUTHFIELD MI 48034
Brian M Hermelin	director	2064 D STREET, BELLEVILLE MI 48111