Plaza Retail REIT (Plaza Retail REIT) Inventory Turnover

: 12.33 (As of Dec. 2023)

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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. Plaza Retail REIT's Cost of Goods Sold for the three months ended in Dec. 2023 was $8.59 Mil. Plaza Retail REIT's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.70 Mil. Plaza Retail REIT's Inventory Turnover for the quarter that ended in Dec. 2023 was 12.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Plaza Retail REIT's Days Inventory for the three months ended in Dec. 2023 was 7.40.

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. Plaza Retail REIT's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Plaza Retail REIT Inventory Turnover Historical Data

The historical data trend for Plaza Retail 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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Plaza Retail REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

65.31

20.51

12.43

2.11

4.34

Plaza Retail REIT Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover																0.54	0.88	2.76	10.37	12.33

Plaza Retail REIT Inventory Turnover Calculation

Plaza Retail 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 )
=	32.581	/ (	(14.177	+	0.85)	/	2 )
=	32.581	/	7.5135
=	4.34

Plaza Retail REIT'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 )
=	8.592	/ (	(0.544	+	0.85)	/	2 )
=	8.592	/	0.697
=	12.33

Plaza Retail REIT (OTCPK:PAZRF) 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.

Plaza Retail REIT'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
	=	0.697	/	8.592	*	365 / 4
	=	7.40

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.

Plaza Retail REIT'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 )
	=	0.697	/	21.588
	=	0.03

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.

Plaza Retail REIT Inventory Turnover Related Terms

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Plaza Retail REIT (Plaza Retail REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Plaza Retail REIT (OTCPK:PAZRF) » Definitions » Inventory Turnover

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PLZ.UN:Canada

Address

98 Main Street, Fredericton, NB, CAN, E3A 9N6

Website

https://www.plaza.ca

Plaza Retail REIT is an open-ended real estate investment trust and is a retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza's portfolio includes interests in approximately 268 properties totaling approximately 8.6 million square feet across Canada and additional lands held for development. Its portfolio largely consists of open-air centres and stand-alone small box retail outlets and is predominantly occupied by national tenants.