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Stor-Age Property REIT (JSE:SSS) Days Inventory : 8.54 (As of Sep. 2023)


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What is Stor-Age Property REIT Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Stor-Age Property REIT's Average Total Inventories for the six months ended in Sep. 2023 was R7 Mil. Stor-Age Property REIT's Cost of Goods Sold for the six months ended in Sep. 2023 was R156 Mil. Hence, Stor-Age Property REIT's Days Inventory for the six months ended in Sep. 2023 was 8.54.

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

JSE:SSS' s Days Inventory Range Over the Past 10 Years
Min: 8.64   Med: 11.24   Max: 32.24
Current: 8.64

During the past 8 years, Stor-Age Property REIT's highest Days Inventory was 32.24. The lowest was 8.64. And the median was 11.24.

JSE:SSS's Days Inventory is ranked better than
76.22% of 143 companies
in the REITs industry
Industry Median: 89.35 vs JSE:SSS: 8.64

Stor-Age Property REIT's Days Inventory declined from Sep. 2022 (9.84) to Sep. 2023 (8.54).

Inventory Turnover measures how fast the company turns over its inventory within a year. Stor-Age Property REIT's Inventory Turnover for the six months ended in Sep. 2023 was 21.36.

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. Stor-Age Property REIT's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.01.


Stor-Age Property REIT Days Inventory Historical Data

The historical data trend for Stor-Age Property 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.

Stor-Age Property REIT Days Inventory Chart

Stor-Age Property REIT Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial 11.29 11.18 10.40 10.98 9.45

Stor-Age Property REIT Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 10.60 10.01 9.84 8.65 8.54

Competitive Comparison of Stor-Age Property REIT's Days Inventory

For the REIT - Industrial subindustry, Stor-Age Property 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.


Stor-Age Property REIT's Days Inventory Distribution in the REITs Industry

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

* The bar in red indicates where Stor-Age Property REIT's Days Inventory falls into.



Stor-Age Property REIT Days Inventory Calculation

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

Stor-Age Property REIT's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

Days Inventory (A: Mar. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2022 ) + Total Inventories (A: Mar. 2023 )) / count ) / Cost of Goods Sold (A: Mar. 2023 )*Days in Period
=( (7.228 + 6.955) / 2 ) / 273.92*365
=7.0915 / 273.92*365
=9.45

Stor-Age Property REIT's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

Days Inventory (Q: Sep. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (6.955 + 7.644) / 2 ) / 155.91*365 / 2
=7.2995 / 155.91*365 / 2
=8.54

* 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.


Stor-Age Property REIT  (JSE:SSS) 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.

Stor-Age Property REIT's Inventory Turnover for the six months ended in Sep. 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.

Stor-Age Property REIT's Inventory to Revenue for the six months ended in Sep. 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.


Stor-Age Property REIT Days Inventory Related Terms

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


Stor-Age Property REIT (JSE:SSS) Business Description

Traded in Other Exchanges
N/A
Address
216 Main Road, Claremont, Cape Town, WC, ZAF, 7708
Stor-Age Property REIT Ltd developed, acquired, and managed self storage properties across South Africa. Its geographical segments include Western Cape; Gauteng; Free State and KwaZuluNatal, Eastern Cape. The company derives a majority of revenue from the Gauteng region.

Stor-Age Property REIT (JSE:SSS) Headlines

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