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Equites Property Fund (JSE:EQU) Days Inventory : 525.80 (As of Feb. 2024)


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What is Equites Property Fund Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Equites Property Fund's Average Total Inventories for the six months ended in Feb. 2024 was R903 Mil. Equites Property Fund's Cost of Goods Sold for the six months ended in Feb. 2024 was R313 Mil. Hence, Equites Property Fund's Days Inventory for the six months ended in Feb. 2024 was 525.80.

The historical rank and industry rank for Equites Property Fund's Days Inventory or its related term are showing as below:

JSE:EQU' s Days Inventory Range Over the Past 10 Years
Min: 95.17   Med: 582.74   Max: 1105.17
Current: 584.6

During the past 10 years, Equites Property Fund's highest Days Inventory was 1105.17. The lowest was 95.17. And the median was 582.74.

JSE:EQU's Days Inventory is ranked worse than
78.62% of 145 companies
in the REITs industry
Industry Median: 89.35 vs JSE:EQU: 584.60

Equites Property Fund's Days Inventory increased from Feb. 2023 (119.30) to Feb. 2024 (525.80). It might indicate that Equites Property Fund's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Equites Property Fund's Inventory Turnover for the six months ended in Feb. 2024 was 0.35.

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. Equites Property Fund's Inventory-to-Revenue for the six months ended in Feb. 2024 was 0.72.


Equites Property Fund Days Inventory Historical Data

The historical data trend for Equites Property Fund's Days 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.

* Premium members only.

Equites Property Fund Days Inventory Chart

Equites Property Fund Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 1,039.89 1,019.92 245.05 582.74

Equites Property Fund Semi-Annual Data
Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,084.04 842.97 119.30 671.31 525.80

Competitive Comparison of Equites Property Fund's Days Inventory

For the REIT - Industrial subindustry, Equites Property Fund's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Equites Property Fund's Days Inventory Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Equites Property Fund's Days Inventory distribution charts can be found below:

* The bar in red indicates where Equites Property Fund's Days Inventory falls into.



Equites Property Fund Days Inventory Calculation

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

Equites Property Fund's Days Inventory for the fiscal year that ended in Feb. 2024 is calculated as

Days Inventory (A: Feb. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Feb. 2023 ) + Total Inventories (A: Feb. 2024 )) / count ) / Cost of Goods Sold (A: Feb. 2024 )*Days in Period
=( (748.448 + 948.685) / 2 ) / 531.498*365
=848.5665 / 531.498*365
=582.74

Equites Property Fund's Days Inventory for the quarter that ended in Feb. 2024 is calculated as:

Days Inventory (Q: Feb. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Aug. 2023 ) + Total Inventories (Q: Feb. 2024 )) / count ) / Cost of Goods Sold (Q: Feb. 2024 )*Days in Period
=( (856.69 + 948.685) / 2 ) / 313.315*365 / 2
=902.6875 / 313.315*365 / 2
=525.80

* 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.


Equites Property Fund  (JSE:EQU) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Equites Property Fund's Inventory Turnover for the six months ended in Feb. 2024 is calculated as

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.

Equites Property Fund's Inventory to Revenue for the six months ended in Feb. 2024 is calculated as

* 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.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Equites Property Fund Days Inventory Related Terms

Thank you for viewing the detailed overview of Equites Property Fund's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Equites Property Fund (JSE:EQU) Business Description

Traded in Other Exchanges
N/A
Address
4 Bree Street, 14th Floor, Portside Towers, Cape Town, WC, ZAF, 8001
Equites Property Fund Ltd is a real estate investment trust based in South Africa. It is engaged in the investment in and development of commercial properties in the industrial sector. The group has assessed its operations and determined its segments in line with the clear geographic distinction between South Africa and the United Kingdom. SA Industrial segment generates the revenue.

Equites Property Fund (JSE:EQU) Headlines

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