Gladstone Land (Gladstone Land) Inventory Turnover : 0.03 (As of Dec. 2023)

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What is Gladstone Land 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. Gladstone Land's Cost of Goods Sold for the three months ended in Dec. 2023 was $1.46 Mil. Gladstone Land's Average Total Inventories for the quarter that ended in Dec. 2023 was $53.63 Mil. Gladstone Land's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gladstone Land's Days Inventory for the three months ended in Dec. 2023 was 3,358.53.

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. Gladstone Land's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.19.

Gladstone Land Inventory Turnover Historical Data

The historical data trend for Gladstone Land'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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Gladstone Land Inventory Turnover Chart

Gladstone Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.08

Gladstone Land 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															-	-	-	-	0.03

Gladstone Land Inventory Turnover Calculation

Gladstone Land'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 )
=	4.201	/ (	(0	+	53.626)	/	1 )
=	4.201	/	53.626
=	0.08

Gladstone Land'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 )
=	1.457	/ (	(0	+	53.626)	/	1 )
=	1.457	/	53.626
=	0.03

Gladstone Land (NAS:LAND) 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.

Gladstone Land'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
	=	53.626	/	1.457	*	365 / 4
	=	3,358.53

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.

Gladstone Land'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 )
	=	53.626	/	24.452
	=	2.19

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.

Gladstone Land Inventory Turnover Related Terms

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Gladstone Land (Gladstone Land) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Gladstone Land Corp (NAS:LAND) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

1521 Westbranch Drive, Suite 100, McLean, VA, USA, 22102

Website

https://www.gladstonefarms.com

Gladstone Land Corp is an externally-managed, agricultural REIT. It is mainly in the business of owning and leasing farmland. It manages operations in one reporting segment. It is focused on the ownership of high-quality farms and farm-related properties that are leased on a triple-net basis to tenants with a strong operating history and deep farming resources. The farmland is predominantly concentrated in locations where farmers are able to grow either fresh produce annual row crops (e.g., certain berries and vegetables), which are typically planted and harvested annually, or certain permanent crops (e.g., almonds, blueberries, pistachios, and wine grapes). To a much lesser extent, it also own farms that grow certain commodity crops (e.g., corn and beans).

Executives

Paula Novara	director	1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Caren D Merrick	director	1521 WESTBRANCH, SUITE 100, MCLEAN VA 22102
Michela A English	director	C/O GLADSTONE CAPITAL CORP, 1521 WESTBRANCH DRIVE SUITE 200, MCLEAN VA 22102
Michael Licalsi	other: Internal Counsel and Secretary	1521 WESTBRANCH DR., MCLEAN VA 22102
Lewis Parrish	officer: CFO	1521 WESTBRANCH DRIVE, SUITE 200, MCLEAN VA 22102
Paul W Adelgren	director	C/O GLADSTONE CAPITAL CORP, 1521 WESTBRANCH DRIVE SUITE 200, MCLEAN VA 22102
David Gladstone	director, 10 percent owner, officer: Chief Executive Officer	1521 WESTBRANCH DRIVE, SUITE 200, MCLEAN VA 22102
Jay Beckhorn	officer: Treasurer	1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Walter H Wilkinson	director	C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
John Dellafiora	other: Chief Compliance Officer	1521 WESTBRANCH DRIVE, SUITE 200, MCLEAN VA 22102
Jennifer A Smith	officer: Valuation Officer	1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Terry Earhart	director	1521 WESTBRANCH DRIVE, SUITE 200, MCLEAN VA 22102
John Reilly	director	1521 WESTBRANCH DR., STE. 200, MCLEAN VA 22102
Anthony W Parker	director	C/O GLADSTONE CAPITAL CORP, 1521 WESTBRANCH DRIVE SUITE 200, MCLEAN VA 22102
John H Outland	director