Gladstone Land (Gladstone Land) Days Inventory : 3,358.53 (As of Dec. 2023)

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What is Gladstone Land Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Gladstone Land's Average Total Inventories for the three months ended in Dec. 2023 was $53.63 Mil. Gladstone Land's Cost of Goods Sold for the three months ended in Dec. 2023 was $1.46 Mil. Hence, Gladstone Land's Days Inventory for the three months ended in Dec. 2023 was 3,358.53.

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

LANDP.PFD' s Days Inventory Range Over the Past 10 Years
Min: 272.99 Med: 421.56 Max: 4659.25
Current: 4659.25

During the past 13 years, Gladstone Land's highest Days Inventory was 4659.25. The lowest was 272.99. And the median was 421.56.

LANDP.PFD's Days Inventory is ranked worse than
94.44% of 144 companies
in the REITs industry
Industry Median: 87.84 vs LANDP.PFD: 4659.25

Gladstone Land's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (3,358.53). It might indicate that Gladstone Land'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. Gladstone Land's Inventory Turnover for the three months ended in Dec. 2023 was 0.03.

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. Gladstone Land's Inventory-to-Revenue for the three months ended in Dec. 2023 was 2.19.

Gladstone Land Days Inventory Historical Data

The historical data trend for Gladstone Land'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.

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Gladstone Land Days Inventory Chart

Gladstone Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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4,659.25

Gladstone Land 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															-	-	-	-	3,358.53

Competitive Comparison of Gladstone Land's Days Inventory

For the REIT - Specialty subindustry, Gladstone Land'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.

Gladstone Land's Days Inventory Distribution in the REITs Industry

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

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

Gladstone Land Days Inventory Calculation

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

Gladstone Land'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	+	53.626)	/	1 )	/	4.201	*	365
=	53.626					/	4.201	*	365
=	4,659.25

Gladstone Land'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	+	53.626)	/	1 )	/	1.457	*	365 / 4
=	53.626					/	1.457	*	365 / 4
=	3,358.53

Gladstone Land (NAS:LANDP.PFD) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.457	/	53.626
	=	0.03

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	53.626	/	24.452
	=	2.19

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.

Gladstone Land Days Inventory Related Terms

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

Gladstone Land (Gladstone Land) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Gladstone Land Corp (NAS:LANDP.PFD) » Definitions » Days Inventory

Comparable Companies

FPI NLCP AFCG CORR PW UNIT OUT HASI AMT EQIX CCI DLR SBAC WY IRM GLPI LAMR RYN PCH EPR

Traded in Other Exchanges

LANDM.PFD:USA LANDO.PFD:USA LAND:USA 3L4:Germany

Address

1521 Westbranch Drive, Suite 100, McLean, VA, USA, 22102

Website

https://www.gladstonefarms.com

Gladstone Land Corp is an externally-managed, agricultural REIT. It is mainly in the business of owning and leasing farmland. It manages operations in one reporting segment. It is focused on the ownership of high-quality farms and farm-related properties that are leased on a triple-net basis to tenants with a strong operating history and deep farming resources. The farmland is predominantly concentrated in locations where farmers are able to grow either fresh produce annual row crops (e.g., certain berries and vegetables), which are typically planted and harvested annually, or certain permanent crops (e.g., almonds, blueberries, pistachios, and wine grapes). To a much lesser extent, it also own farms that grow certain commodity crops (e.g., corn and beans).