City Office REIT (City Office REIT) Inventory Turnover : 0.00 (As of Mar. 2024)

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What is City Office REIT 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. City Office REIT's Cost of Goods Sold for the three months ended in Mar. 2024 was $17.7 Mil. City Office REIT's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. City Office REIT's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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. City Office REIT's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

City Office REIT Inventory Turnover Historical Data

The historical data trend for City Office REIT'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.

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City Office REIT Inventory Turnover Chart

City Office REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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City Office REIT Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

City Office REIT Inventory Turnover Calculation

City Office REIT'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 )
=	69.997	/ (	(0	+	0)	/	1 )
=	69.997	/	0
=	N/A

City Office REIT's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	17.744	/ (	(0	+	0)	/	1 )
=	17.744	/	0
=	N/A

City Office REIT (NYSE:CIO) 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.

City Office REIT's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	0	/	17.744	*	365 / 4
	=	0.00

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.

City Office REIT's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0	/	44.493
	=	0.00

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.

City Office REIT Inventory Turnover Related Terms

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City Office REIT (City Office REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » City Office REIT Inc (NYSE:CIO) » Definitions » Inventory Turnover

Comparable Companies

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CIOpA.PFD:USA

Address

666 Burrard Street, Suite 3210, Vancouver, BC, CAN, V6C 2X8

Website

https://www.cioreit.com

City Office REIT Inc is a real estate investment trust. It is focused on acquiring, owning, and operating high-quality office properties located predominantly in Sun Belt markets. The company owns office buildings in the metropolitan areas of Dallas, Denver, Orlando, Phoenix, Portland, Raleigh, San Diego, Seattle, and Tampa.

Executives

Michael Mazan	director	3210-666 BURRARD STREET, VANCOUVER A1 V6C2X8
William R Flatt	director	188 E. CAPITOL STREET, SUITE 1000, JACKSON MS 39201
Anthony Maretic	officer: Chief Financial Officer	1075 WEST GEORGIA STREET, SUITE 2600, VANCOUVER A1 V6E 3C9
James Thomas Farrar	director, officer: Chief Executive Officer	1075 WEST GEORGIA STREET, SUITE 2600, VANCOUVER A1 V6E 3C9
Stephen B Shraiberg	director	1331 SEVENTEENTH STREET, STE. 300, DENVER CO 80202
Gregory Tylee	officer: See Remarks	1075 WEST GEORGIA STREET, SUITE 2600, VANCOUVER A1 V6E 3C9
John Sweet	director	SUITE 2990, 500 NORTH AKARD STREET, DALLAS TX 75201
Sabah Mirza	director	27 FASKEN DRIVE, TORONTO A6 M9W1K6
Mark Wilhelm Murski	director	1312 CLEAVER DRIVE, OAKVILLE A6 L6J IW4
John R. Mclernon	director	200 GRANVILLE STREET, 19TH FLOOR, VANCOUVER A1 V6C 2R6
Jeffrey David Kohn	director	1029 17 AVE SW, SUITE 200, CALGARY A0 T2T 0A9
Samuel Belzberg	10 percent owner