Ryman Hospitality Properties (FRA:4RH) Inventory Turnover : 26.76 (As of Mar. 2024)

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What is Ryman Hospitality Properties Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Ryman Hospitality Properties's Cost of Goods Sold for the three months ended in Mar. 2024 was €344 Mil. Ryman Hospitality Properties's Average Total Inventories for the quarter that ended in Mar. 2024 was €13 Mil. Ryman Hospitality Properties's Inventory Turnover for the quarter that ended in Mar. 2024 was 26.76.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ryman Hospitality Properties's Days Inventory for the three months ended in Mar. 2024 was 3.41.

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. Ryman Hospitality Properties's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.

Ryman Hospitality Properties Inventory Turnover Historical Data

The historical data trend for Ryman Hospitality Properties's Inventory Turnover 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.

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Ryman Hospitality Properties Inventory Turnover Chart

Ryman Hospitality Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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112.44

62.81

103.52

127.64

113.01

Ryman Hospitality Properties Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															27.73	-	-	32.26	26.76

Ryman Hospitality Properties Inventory Turnover Calculation

Ryman Hospitality Properties's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	1368.088	/ (	(11.367	+	12.844)	/	2 )
=	1368.088	/	12.1055
=	113.01

Ryman Hospitality Properties's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	343.708	/ (	(12.844	+	0)	/	1 )
=	343.708	/	12.844
=	26.76

Ryman Hospitality Properties (FRA:4RH) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Ryman Hospitality Properties's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	12.844	/	343.708	*	365 / 4
	=	3.41

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.

Ryman Hospitality Properties's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	12.844	/	486.077
	=	0.03

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Ryman Hospitality Properties Inventory Turnover Related Terms

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Ryman Hospitality Properties (FRA:4RH) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ryman Hospitality Properties Inc (FRA:4RH) » Definitions » Inventory Turnover

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RHP:USA

Address

One Gaylord Drive, Nashville, TN, USA, 37214

Website

https://www.rymanhp.com

Ryman Hospitality Properties Inc is a lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and country music entertainment experiences. Its core holdings are Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center. The company has three business segments: Hospitality, which includes Gaylord Hotels properties, the Inn at Opryland, and the AC Hotel, Entertainment which includes the entertainment and media assets comprising OEG, and Corporate and Other, which includes corporate expenses. It derives the vast majority of its revenue from its hospitality segment.

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