Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) Days Inventory

: 6.25 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Canadian Apartment Properties Real Estate Investment Trust's Average Total Inventories for the three months ended in Dec. 2023 was C$8 Mil. Canadian Apartment Properties Real Estate Investment Trust's Cost of Goods Sold for the three months ended in Dec. 2023 was C$111 Mil. Hence, Canadian Apartment Properties Real Estate Investment Trust's Days Inventory for the three months ended in Dec. 2023 was 6.25.

The historical rank and industry rank for Canadian Apartment Properties Real Estate Investment Trust's Days Inventory or its related term are showing as below:

TSX:CAR.UN' s Days Inventory Range Over the Past 10 Years
Min: 7.93 Med: 9.48 Max: 10.71
Current: 10.46

During the past 13 years, Canadian Apartment Properties Real Estate Investment Trust's highest Days Inventory was 10.71. The lowest was 7.93. And the median was 9.48.

TSX:CAR.UN's Days Inventory is ranked better than
75.69% of 144 companies
in the REITs industry
Industry Median: 87.15 vs TSX:CAR.UN: 10.46

Canadian Apartment Properties Real Estate Investment Trust's Days Inventory declined from Dec. 2022 (11.85) to Dec. 2023 (6.25).

Inventory Turnover measures how fast the company turns over its inventory within a year. Canadian Apartment Properties Real Estate Investment Trust's Inventory Turnover for the three months ended in Dec. 2023 was 14.61.

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. Canadian Apartment Properties Real Estate Investment Trust's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.03.

Canadian Apartment Properties Real Estate Investment Trust Days Inventory Historical Data

The historical data trend for Canadian Apartment Properties Real Estate Investment Trust'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.

Canadian Apartment Properties Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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7.93

10.71

9.48

Canadian Apartment Properties Real Estate Investment Trust 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															11.85	13.79	13.65	9.21	6.25

Competitive Comparison

For the REIT - Residential subindustry, Canadian Apartment Properties Real Estate Investment Trust'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.

Canadian Apartment Properties Real Estate Investment Trust Days Inventory Distribution

For the REITs industry and Real Estate sector, Canadian Apartment Properties Real Estate Investment Trust's Days Inventory distribution charts can be found below:

* The bar in red indicates where Canadian Apartment Properties Real Estate Investment Trust's Days Inventory falls into.

Canadian Apartment Properties Real Estate Investment Trust Days Inventory Calculation

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

Canadian Apartment Properties Real Estate Investment Trust'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
=	( (16.207	+	6.376)	/	2 )	/	434.904	*	365
=	11.2915					/	434.904	*	365
=	9.48

Canadian Apartment Properties Real Estate Investment Trust'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
=	( (8.861	+	6.376)	/	2 )	/	111.28	*	365 / 4
=	7.6185					/	111.28	*	365 / 4
=	6.25

Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) 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.

Canadian Apartment Properties Real Estate Investment Trust's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	111.28	/	7.6185
	=	14.61

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.

Canadian Apartment Properties Real Estate Investment Trust's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.6185	/	272.195
	=	0.03

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.

Canadian Apartment Properties Real Estate Investment Trust Days Inventory Related Terms

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Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) » Definitions » Days Inventory

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CDPYF:USA CARUN:Mexico

Address

11 Church Street, Suite 401, Toronto, ON, CAN, M5E 1W1

Website

https://www.capreit.ca

Canadian Apartment Properties Real Estate Investment Trust, or CAPREIT, is a real estate investment trust primarily engaged in the acquisition and leasing of multiunit residential rental properties located near major urban centers across Canada. The company's real estate portfolio is mainly composed of apartments and townhouses situated near public amenities. Most of CAPREIT's holdings are aimed towards the midtier and luxury markets in terms of demographic segments. The company derives nearly all of its income in the form of rental revenue from leasing its properties to tenants. The majority of this revenue comes from assets located in the Greater Toronto and Greater Montreal regions. The buildings in these areas also contain the majority of CAPREIT's total housing units.

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