Mainstreet Equity (TSX:MEQ) Change In Inventory : C$0.7 Mil (TTM As of Mar. 2024)

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What is Mainstreet Equity Change In Inventory?

Mainstreet Equity's change in inventory for the quarter that ended in Mar. 2024 was C$-0.1 Mil. It means Mainstreet Equity's inventory increased by C$0.1 Mil from Dec. 2023 to Mar. 2024 .

Mainstreet Equity's change in inventory for the fiscal year that ended in Sep. 2023 was C$0.0 Mil. It means Mainstreet Equity's inventory declined by C$0.0 Mil from Sep. 2022 to Sep. 2023 .

Mainstreet Equity's Total Inventories for the quarter that ended in Mar. 2024 was C$12.3 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mainstreet Equity's Days Inventory for the quarter that ended in Mar. 2024 was 48.56.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mainstreet Equity's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.88.

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. Mainstreet Equity's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.21.

Mainstreet Equity Change In Inventory Historical Data

The historical data trend for Mainstreet Equity's Change In Inventory 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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Mainstreet Equity Change In Inventory Chart

Mainstreet Equity Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Inventory

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-0.28

-0.03

-0.91

0.04

0.05

Mainstreet Equity Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-0.09	-0.09	0.36	0.47	-0.06

Mainstreet Equity Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.7 Mil.

Mainstreet Equity (TSX:MEQ) Change In Inventory Explanation

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

Mainstreet Equity's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	12.75	/	23.961	*	365 / 4
	=	48.56

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Mainstreet Equity's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	23.961	/	12.75
	=	1.88

3. 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.

Mainstreet Equity's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12.75	/	61.098
	=	0.21

Mainstreet Equity Change In Inventory Related Terms

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Mainstreet Equity (TSX:MEQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mainstreet Equity Corp (TSX:MEQ) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

MEQYF:USA

Address

10th Avenue SE, Suite 305, Calgary, AB, CAN, T2G 0W2

Website

https://www.mainst.biz

Mainstreet Equity Corp is a residential real estate company. It is focused on the acquisition, redevelopment, repositioning, and management of mid-market rental apartment buildings. The business specializes in multi-family residential housing operating in a single segment. Geographically it operates in Canadian provinces including British Columbia, Alberta, Saskatchewan and Manitoba. The company generates revenue from rental income and others.

Executives

Richard Grimaldi

Director

Mainstreet Equity (TSX:MEQ) Headlines

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