Spear REITJSE:SEA -1.96%63 Days Inventory is 116.04 as of Feb. 2026, which is 71% below its 10-year median of 399.07. GuruFocus rates JSE:SEA with a GF Score™ of 63/100 and a GF Value™ of R6.98 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 166 REITs companies, Spear REIT ranks better than 53.61% on this metric.
Days Inventory is also known as Days Sales of Inventory (DSI). Spear REIT's Average Total Inventories for the
six
months ended in Feb. 2026 was R104.3 Mil. Spear REIT's Cost of Goods Sold for the
six
months ended in Feb. 2026 was R164.1 Mil.
Hence, Spear REIT's Days Inventory for the
six
months ended in Feb. 2026 was 116.04.
The historical rank and industry rank for Spear REIT's Days Inventory or its related term are showing as below:
JSE:SEA'
s Days Inventory Range Over the Past 10 Years
Min: 122.08 Med: 399.07 Max: 924.76
Current: 122.17
During the past 10 years, Spear REIT's highest Days Inventory was 924.76. The lowest was 122.08. And the median was 399.07.
JSE:SEA's Days Inventory is ranked better than 53.61% of 166
companies
in the REITs industry
Industry Median: 165.54
vs JSE:SEA: 122.17
Spear REIT's Days Inventory
declined
from Feb. 2025 (196.82) to Feb. 2026 (116.04).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Spear REIT's Inventory Turnover for the
six
months ended in Feb. 2026 was 1.57.
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.
Spear REIT's Inventory-to-Revenue for the
six
months ended in Feb. 2026 was 0.23.
Spear REIT (JSE:SEA) 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.
Spear REIT's Inventory Turnover for the
six
months ended in Feb. 2026 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.
Spear REIT's Inventory to Revenue for the
six
months ended in Feb. 2026 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.
Spear REIT Days Inventory Related Terms
Spear REIT Days Inventory Historical Data
* Premium members only.
The historical data trend for Spear REIT'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.
For the REIT - Diversified subindustry, Spear REIT'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.
Spear REIT Days Inventory vs REITs Industry
For the REITs industry and Real Estate sector, Spear REIT's Days Inventory distribution charts can be found below:
* The bar in red indicates where Spear REIT's Days Inventory falls into.
* 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.
Spear REIT (JSE:SEA) has a Days Inventory of 116.04 as of Feb. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Spear REIT and its competitors. This is 71% below median its historical median of 399.07. Over the past decade, Spear REIT's Days Inventory has ranged from 122.08 to 924.76. According to the industry distribution chart, Spear REIT ranks #77 out of 166 companies in the REITs industry, placing it in the top 46.4%.
Is Spear REIT's Days Inventory too high?
Spear REIT's current Days Inventory of 116.04 is 71% below median its 10-year median of 399.07. Over the past 10 years, this metric has ranged from a low of 122.08 to a high of 924.76. The REITs industry median Days Inventory is 165.54. Spear REIT's value of 116.04 is 29.9% below this industry median. Based on the distribution chart, Spear REIT ranks #77 out of 166 companies in the REITs industry, which is above the industry midpoint. Overall, Spear REIT has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Spear REIT's Days Inventory compare to VICI and WPC?
According to the REITs industry distribution chart, Spear REIT ranks #77 out of 166 companies for Days Inventory. This puts Spear REIT in the upper half of its industry. The industry median Days Inventory is 165.54. Spear REIT's value of 116.04 is 29.9% below this benchmark. Historically, Spear REIT's own Days Inventory has ranged from 122.08 to 924.76 over the past decade. While the company's 10-year median is 399.07 vs. the industry median of 165.54, Spear REIT has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a REITs company?
The median Days Inventory among REITs companies is 165.54, based on 166 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spear REIT's current Days Inventory of 116.04 is 29.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Spear REIT and its competitors. For the REITs industry, the median Days Inventory is 165.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spear REIT's current Days Inventory is 116.04, which is 71% below median its own 10-year median of 399.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spear REIT stock overvalued right now?
Based on GuruFocus' analysis, Spear REIT (JSE:SEA) is currently considered Significantly Overvalued. The stock's GF Value™ is R6.98, compared to a current price of R12.98 — trading 86% above its estimated fair value. The current Days Inventory is 116.04, which is 71% below median its 10-year median of 399.07 and 29.9% below the REITs industry median of 165.54. Spear REIT's overall GF Score™ is 63/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Spear REIT (JSE:SEA), the current Days Inventory is 116.04 as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Spear REIT (JSE:SEA) Overvalued in 2026?
Based on GuruFocus' analysis, Spear REIT stock appears to be overvalued.
The current stock price of R12.98 is trading 86% above its estimated GF Value™ of R6.98.
GuruFocus considers Spear REIT to be Significantly Overvalued.
Key valuation signals for JSE:SEA:
Days Inventory: 116.04 (71% below median its 10-year median of 399.07)
GF Value™: R6.98 vs. price of R12.98 (86% above fair value)
Industry Position: 29.9% below the REITs median (#77 of 166)
No single metric tells the full story. See the JSE:SEA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spear REIT Ltd is a real estate investment trust. The company has five segments Industrial, Commercial, Retail, Development, and Non-property. The company generates majority of revenue from Industrial segment. The industrial portfolio comprises a diverse range of multi-let industrial properties, warehouses, logistics parks, and urban logistics facilities. The company has presence in Cape.
63GF Score
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