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First Capital REIT (TSX:FCR.UN) Days Inventory : 276.82 (As of Dec. 2023)


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What is First Capital REIT Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). First Capital REIT's Average Total Inventories for the three months ended in Dec. 2023 was C$189.4 Mil. First Capital REIT's Cost of Goods Sold for the three months ended in Dec. 2023 was C$62.4 Mil. Hence, First Capital REIT's Days Inventory for the three months ended in Dec. 2023 was 276.82.

The historical rank and industry rank for First Capital REIT's Days Inventory or its related term are showing as below:

TSX:FCR.UN' s Days Inventory Range Over the Past 10 Years
Min: 5.85   Med: 15.91   Max: 244.82
Current: 244.82

During the past 13 years, First Capital REIT's highest Days Inventory was 244.82. The lowest was 5.85. And the median was 15.91.

TSX:FCR.UN's Days Inventory is ranked worse than
62.5% of 144 companies
in the REITs industry
Industry Median: 87.15 vs TSX:FCR.UN: 244.82

First Capital REIT's Days Inventory increased from Dec. 2022 (217.93) to Dec. 2023 (276.82). It might indicate that First Capital REIT's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. First Capital REIT's Inventory Turnover for the three months ended in Dec. 2023 was 0.33.

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. First Capital REIT's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.11.


First Capital REIT Days Inventory Historical Data

The historical data trend for First Capital 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.

First Capital REIT Days Inventory Chart

First Capital REIT Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.56 56.24 160.15 214.09 243.13

First Capital REIT 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 217.93 201.74 240.32 269.85 276.82

Competitive Comparison of First Capital REIT's Days Inventory

For the REIT - Retail subindustry, First Capital 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.


First Capital REIT's Days Inventory Distribution in the REITs Industry

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

* The bar in red indicates where First Capital REIT's Days Inventory falls into.



First Capital REIT Days Inventory Calculation

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

First Capital 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
=( (157.883 + 192.125) / 2 ) / 262.724*365
=175.004 / 262.724*365
=243.13

First Capital 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
=( (186.645 + 192.125) / 2 ) / 62.428*365 / 4
=189.385 / 62.428*365 / 4
=276.82

* 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.


First Capital REIT  (TSX:FCR.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.

First Capital REIT's Inventory Turnover for the three months ended in Dec. 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.

First Capital REIT's Inventory to Revenue for the three months ended in Dec. 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.


First Capital REIT Days Inventory Related Terms

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


First Capital REIT (TSX:FCR.UN) Business Description

Traded in Other Exchanges
Address
85 Hanna Avenue, Suite 400, King Liberty Village, Toronto, ON, CAN, M6K 3S3
First Capital REIT is a developer, owner and operator of mixed-use urban real estate in Canada's populated centres. The company's focus is on creating thriving neighbourhoods that create value for businesses, residents, communities and investors.

First Capital REIT (TSX:FCR.UN) Headlines

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