GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Westfield Corp (OTCPK:WFGPY) » Definitions » Days Inventory

Westfield (Westfield) Days Inventory : 14.82 (As of Dec. 2017)


View and export this data going back to 2014. Start your Free Trial

What is Westfield Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Westfield's Average Total Inventories for the six months ended in Dec. 2017 was $62.2 Mil. Westfield's Cost of Goods Sold for the six months ended in Dec. 2017 was $766.0 Mil. Hence, Westfield's Days Inventory for the six months ended in Dec. 2017 was 14.82.

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

WFGPY's Days Inventory is not ranked *
in the REITs industry.
Industry Median: 84.855
* Ranked among companies with meaningful Days Inventory only.

Westfield's Days Inventory increased from Dec. 2016 (8.30) to Dec. 2017 (14.82). It might indicate that Westfield's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Westfield's Inventory Turnover for the six months ended in Dec. 2017 was 12.32.

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. Westfield's Inventory-to-Revenue for the six months ended in Dec. 2017 was 0.14.


Westfield Days Inventory Historical Data

The historical data trend for Westfield'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.

Westfield Days Inventory Chart

Westfield Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.50 351.23 169.64 16.48 22.27

Westfield Semi-Annual Data
Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.65 29.80 8.30 70.41 14.82

Competitive Comparison of Westfield's Days Inventory

For the REIT - Retail subindustry, Westfield'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.


Westfield's Days Inventory Distribution in the REITs Industry

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

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



Westfield Days Inventory Calculation

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

Westfield's Days Inventory for the fiscal year that ended in Dec. 2017 is calculated as

Days Inventory (A: Dec. 2017 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2016 ) + Total Inventories (A: Dec. 2017 )) / count ) / Cost of Goods Sold (A: Dec. 2017 )*Days in Period
=( (41.53 + 67.631) / 2 ) / 894.691*365
=54.5805 / 894.691*365
=22.27

Westfield's Days Inventory for the quarter that ended in Dec. 2017 is calculated as:

Days Inventory (Q: Dec. 2017 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2017 ) + Total Inventories (Q: Dec. 2017 )) / count ) / Cost of Goods Sold (Q: Dec. 2017 )*Days in Period
=( (56.742 + 67.631) / 2 ) / 765.978*365 / 2
=62.1865 / 765.978*365 / 2
=14.82

* 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.


Westfield  (OTCPK:WFGPY) 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.

Westfield's Inventory Turnover for the six months ended in Dec. 2017 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.

Westfield's Inventory to Revenue for the six months ended in Dec. 2017 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.


Westfield Days Inventory Related Terms

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


Westfield (Westfield) Business Description

Traded in Other Exchanges
N/A
Address
Westfield is one of the largest global retail REITs, with interests in 35 malls with a gross value of USD 21.4 billion and external assets under management of USD 13 billion. Westfield's passive investments generate about 80% of group EBIT, with the balance derived from management fees and development income. It differs from peers by developing malls in signature locations, and aims to make each of its assets into a destination centre, with comprehensive entertainment facilities and premium retailers.

Westfield (Westfield) Headlines

From GuruFocus

Westfield Is Amongst the Best Mall Stocks in the World

By Holmes Osborne, CFA Holmes Osborne, CFA 09-28-2016