Top 10 Split Trust (TSX:TXT.UN) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is Top 10 Split 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. Top 10 Split Trust's Cost of Goods Sold for the six months ended in Dec. 2023 was C$0.04 Mil. Top 10 Split Trust's Average Total Inventories for the quarter that ended in Dec. 2023 was C$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Top 10 Split Trust's Days Inventory for the six months ended in Dec. 2023 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. Top 10 Split Trust's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Top 10 Split Trust Inventory Turnover Historical Data

The historical data trend for Top 10 Split 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.

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Top 10 Split Trust Inventory Turnover Chart

Top 10 Split Trust Annual Data

Trend

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Dec23

Inventory Turnover

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Top 10 Split Trust Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial													-	-	-	-	-

Top 10 Split Trust Inventory Turnover Calculation

Top 10 Split 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 )
=	0.086	/ (	(0	+	0)	/	1 )
=	0.086	/	0
=	N/A

Top 10 Split 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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0.043	/ (	(0	+	0)	/	1 )
=	0.043	/	0
=	N/A

Top 10 Split Trust (TSX:TXT.UN) 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.

Top 10 Split Trust's Days Inventory for the six 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	/	0.043	*	365 / 2
	=	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.

Top 10 Split 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 )
	=	0	/	0.308
	=	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.

Top 10 Split Trust Inventory Turnover Related Terms

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Top 10 Split Trust (TSX:TXT.UN) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Top 10 Split Trust (TSX:TXT.UN) » Definitions » Inventory Turnover

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TXT.PR.A.PFD:Canada

Address

121 King Street West, Suite 2600, P.O. Box 113, Toronto, ON, CAN, M5H 3T9

Website

https://www.mulvihill.com

Top 10 Split Trust is a Canada-based closed-end investment trust. The fund invests in a portfolio of securities consisting of common equity securities of Canadian banks and Canadian life insurance companies. Its investment objective is to provide unitholders with the benefit of capital appreciation in the market price of the securities in the fund's portfolio.

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