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Days Inventory is also known as Days Sales of Inventory (DSI). Apple Hospitality REIT's Average Total Inventories for the three months ended in Dec. 2023 was $0 Mil. Apple Hospitality REIT's Cost of Goods Sold for the three months ended in Dec. 2023 was $209 Mil. Hence, Apple Hospitality REIT's Days Inventory for the three months ended in Dec. 2023 was 0.00.
The historical rank and industry rank for Apple Hospitality REIT's Days Inventory or its related term are showing as below:
Apple Hospitality REIT's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).
Inventory Turnover measures how fast the company turns over its inventory within a year.
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. Apple Hospitality REIT's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.
The historical data trend for Apple Hospitality 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.
For the REIT - Hotel & Motel subindustry, Apple Hospitality 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.
For the REITs industry and Real Estate sector, Apple Hospitality REIT's Days Inventory distribution charts can be found below:
* The bar in red indicates where Apple Hospitality REIT's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Apple Hospitality REIT'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 |
= | ( (0 | + | 0) | / | 1 ) | / | 860.032 | * | 365 |
= | 0 | / | 860.032 | * | 365 | ||||
= | 0.00 |
Apple Hospitality REIT'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 | + | 0) | / | 1 ) | / | 209.297 | * | 365 / 4 |
= | 0 | / | 209.297 | * | 365 / 4 | ||||
= | 0.00 |
* 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.
Apple Hospitality REIT (NYSE:APLE) 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.
Apple Hospitality REIT's Inventory Turnover for the three months ended in Dec. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 209.297 | / | 0 | |
= |
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.
Apple Hospitality REIT's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 0 | / | 312.456 | |
= | 0.00 |
* 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.
Thank you for viewing the detailed overview of Apple Hospitality REIT's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Elizabeth Perkins | officer: SVP & Chief Financial Officer | C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219 |
Justin G Knight | director, officer: CEO | 10 S THIRD ST, RICHMOND VA 23219 |
Nelson Knight | officer: President Real Estate & Invest | 814 E MAIN STREET, RICHMOND VA 23219 |
Redd Hugh | director | C/O GENERAL DYNAMICS CORPORATION, 2941 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042 |
Howard E. Woolley | director | C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219 |
Carolyn B Handlon | director | 1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309 |
Jon A Fosheim | director | DIGITALBRIDGE GROUP, INC., 750 PARK OF COMMERCE DRIVE, SUITE 210, BOCA RATON FL 33487 |
Blythe J Mcgarvie | director | HANNAFORD BROS CO, 145 PLEASANT HILL RD, SCARBOROUGH ME 04074 |
Bunting Glenn W Jr | director | 1551 NORTH TUSTIN AVENUE, SUITE 200, SANTA ANA CA 92705 |
Kristian M Gathright | director | 10 S THIRD ST, RICHMOND VA 23219 |
Glade M Knight | director, officer: Executive Chairman | 306 E MAINS T, RICHMOND VA 23219 |
Matthew Rash | officer: SVP & Chief Legal Officer | C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219 |
Rachel Labrecque | officer: SVP & Chief Accounting Officer | C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219 |
Jeanette Clarke | officer: SVP Chief Cap. Invest. Officer | C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219 |
Karen Catherine Gallagher | officer: SVP & Chief Operating Officer | C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219 |
From GuruFocus
By Business Wire 03-03-2023
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