Ashford Hospitality Trust (Ashford Hospitality Trust) Inventory Turnover : 67.06 (As of Dec. 2023)

View and export this data going back to 2004. Start your Free Trial

What is Ashford Hospitality Trust Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Ashford Hospitality Trust's Cost of Goods Sold for the three months ended in Dec. 2023 was $255.64 Mil. Ashford Hospitality Trust's Average Total Inventories for the quarter that ended in Dec. 2023 was $3.81 Mil. Ashford Hospitality Trust's Inventory Turnover for the quarter that ended in Dec. 2023 was 67.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ashford Hospitality Trust's Days Inventory for the three months ended in Dec. 2023 was 1.36.

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. Ashford Hospitality Trust's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Ashford Hospitality Trust Inventory Turnover Historical Data

The historical data trend for Ashford Hospitality Trust's Inventory Turnover 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.

Ashford Hospitality Trust Inventory Turnover Chart

Ashford Hospitality Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

256.81

166.17

242.95

266.75

277.26

Ashford Hospitality Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															65.30	65.03	68.90	66.73	67.06

Ashford Hospitality Trust Inventory Turnover Calculation

Ashford Hospitality Trust's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	1044.59	/ (	(3.856	+	3.679)	/	2 )
=	1044.59	/	3.7675
=	277.26

Ashford Hospitality Trust's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	255.639	/ (	(3.945	+	3.679)	/	2 )
=	255.639	/	3.812
=	67.06

Ashford Hospitality Trust (NYSE:AHTPRACL.PFD) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Ashford Hospitality Trust's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	3.812	/	255.639	*	365 / 4
	=	1.36

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.

Ashford Hospitality Trust's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	3.812	/	319.884
	=	0.01

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Ashford Hospitality Trust Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Ashford Hospitality Trust's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Ashford Hospitality Trust (Ashford Hospitality Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ashford Hospitality Trust Inc (NYSE:AHTPRACL.PFD) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

AHTpI.PFD:USA AHTpH.PFD:USA AHTpG.PFD:USA AHTpF.PFD:USA AHTpD.PFD:USA AHT:USA

Address

14185 Dallas Parkway, Suite 1200, Dallas, TX, USA, 75254

Website

https://www.ahtreit.com

Ashford Hospitality Trust Inc. is a real estate investment trust that invests in full-service upscale and upper-upscale hotel properties in the U.S. The company owns and operates its assets through its operating partnership, Ashford Hospitality Limited Partnership. All of its hotels are located across the U.S. and operate under the Marriott, Hilton, Hyatt, Crowne Plaza, and Sheraton brands. Ashford's sole segment is Direct Hotel Investments, through which it owns hotels by acquisition or development. Ashford also provides rest estate investment services, such as mezzanine financing, first mortgage financing, and sales-leaseback transactions. Its revenue streams include Room revenue, Food and beverage revenue, and Other revenue. Room revenue accounts for the majority of total revenue.