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Summit Industrialome REIT (TSX:SMU.UN) Days Inventory : 40.88 (As of Dec. 2022)


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What is Summit Industrialome REIT Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Summit Industrialome REIT's Average Total Inventories for the three months ended in Dec. 2022 was C$7.5 Mil. Summit Industrialome REIT's Cost of Goods Sold for the three months ended in Dec. 2022 was C$16.7 Mil. Hence, Summit Industrialome REIT's Days Inventory for the three months ended in Dec. 2022 was 40.88.

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

TSX:SMU.UN' s Days Inventory Range Over the Past 10 Years
Min: 22.69   Med: 92.07   Max: 161.08
Current: 42.06

During the past 13 years, Summit Industrialome REIT's highest Days Inventory was 161.08. The lowest was 22.69. And the median was 92.07.

TSX:SMU.UN's Days Inventory is not ranked
in the REITs industry.
Industry Median: 87.84 vs TSX:SMU.UN: 42.06

Summit Industrialome REIT's Days Inventory declined from Dec. 2021 (42.74) to Dec. 2022 (40.88).

Inventory Turnover measures how fast the company turns over its inventory within a year. Summit Industrialome REIT's Inventory Turnover for the three months ended in Dec. 2022 was 2.23.

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. Summit Industrialome REIT's Inventory-to-Revenue for the three months ended in Dec. 2022 was 0.11.


Summit Industrialome REIT Days Inventory Historical Data

The historical data trend for Summit Industrialome 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.

Summit Industrialome REIT Days Inventory Chart

Summit Industrialome REIT Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 161.08 118.97 65.16 22.69

Summit Industrialome REIT Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 42.74 22.73 - 42.76 40.88

Competitive Comparison of Summit Industrialome REIT's Days Inventory

For the REIT - Industrial subindustry, Summit Industrialome 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.


Summit Industrialome REIT's Days Inventory Distribution in the REITs Industry

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

* The bar in red indicates where Summit Industrialome REIT's Days Inventory falls into.



Summit Industrialome REIT Days Inventory Calculation

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

Summit Industrialome REIT's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

Days Inventory (A: Dec. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (3.98 + 0) / 1 ) / 64.019*365
=3.98 / 64.019*365
=22.69

Summit Industrialome REIT's Days Inventory for the quarter that ended in Dec. 2022 is calculated as:

Days Inventory (Q: Dec. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2022 ) + Total Inventories (Q: Dec. 2022 )) / count ) / Cost of Goods Sold (Q: Dec. 2022 )*Days in Period
=( (7.47 + 0) / 1 ) / 16.675*365 / 4
=7.47 / 16.675*365 / 4
=40.88

* 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.


Summit Industrialome REIT  (TSX:SMU.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.

Summit Industrialome REIT's Inventory Turnover for the three months ended in Dec. 2022 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.

Summit Industrialome REIT's Inventory to Revenue for the three months ended in Dec. 2022 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.


Summit Industrialome REIT Days Inventory Related Terms

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


Summit Industrialome REIT (TSX:SMU.UN) Business Description

Traded in Other Exchanges
N/A
Address
22 St. Clair Avenue East, Suite 700, Toronto, ON, CAN, M4T 2S5
Summit Industrial Income REIT is a Canada-based mutual fund trust. The Trust is involved in the commercial leasing of real estate property with property locations in Ontario, Western Canada, Quebec and Atlantic Canada. The company is focused on the light industrial sector of the Canadian real estate industry.

Summit Industrialome REIT (TSX:SMU.UN) Headlines

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