Granite Real Estate Investment Trust (TSX:GRT.UN) Days Inventory : 0.00 (As of Dec. 2023)

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What is Granite Real Estate Investment Trust Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Granite Real Estate Investment Trust's Average Total Inventories for the three months ended in Dec. 2023 was C$0.0 Mil. Granite Real Estate Investment Trust's Cost of Goods Sold for the three months ended in Dec. 2023 was C$19.8 Mil. Hence, Granite Real Estate Investment Trust's Days Inventory for the three months ended in Dec. 2023 was 0.00.

The historical rank and industry rank for Granite Real Estate Investment Trust's Days Inventory or its related term are showing as below:

TSX:GRT.UN's Days Inventory is not ranked ^*
in the REITs industry.
Industry Median: 87.84
* Ranked among companies with meaningful Days Inventory only.

Granite Real Estate Investment Trust's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

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

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. Granite Real Estate Investment Trust's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

Granite Real Estate Investment Trust Days Inventory Historical Data

The historical data trend for Granite Real Estate Investment Trust'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.

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Granite Real Estate Investment Trust Days Inventory Chart

Granite Real Estate Investment Trust Annual Data

Trend

Dec14

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Dec20

Dec21

Dec22

Dec23

Days Inventory

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Granite Real Estate Investment Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Granite Real Estate Investment Trust's Days Inventory

For the REIT - Industrial subindustry, Granite Real Estate Investment Trust'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.

Granite Real Estate Investment Trust's Days Inventory Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Granite Real Estate Investment Trust's Days Inventory distribution charts can be found below:

* The bar in red indicates where Granite Real Estate Investment Trust's Days Inventory falls into.

Granite Real Estate Investment Trust Days Inventory Calculation

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

Granite Real Estate Investment Trust's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	86.012	*	365
=	0					/	86.012	*	365
=	0.00

Granite Real Estate Investment Trust's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	19.793	*	365 / 4
=	0					/	19.793	*	365 / 4
=	0.00

Granite Real Estate Investment Trust (TSX:GRT.UN) 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.

Granite Real Estate Investment Trust's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	19.793	/	0
	=

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.

Granite Real Estate Investment Trust's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	129.847
	=	0.00

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.

Granite Real Estate Investment Trust Days Inventory Related Terms

Thank you for viewing the detailed overview of Granite Real Estate Investment Trust's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Granite Real Estate Investment Trust (TSX:GRT.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Granite Real Estate Investment Trust (TSX:GRT.UN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

GRP.U:USA 4I7:Germany

Address

77 King Street West, Suite 4010, P.O. Box 159, Toronto-Dominion Centre, Toronto, ON, CAN, M5K 1H1

Website

https://www.granitereit.com

Granite Real Estate Investment Trust, or Granite, is a real estate investment trust engaged in the acquisition, development, ownership and management of of logistics, warehouse and industrial properties in North America and Europe. Granite's portfolio comprises various manufacturing, corporate office, warehouse and logistics, and product engineering facilities. The vast majority of the company's assets are logistics and distribution warehouses and multipurpose buildings split fairly evenly amongst Canadian, Austrian, and U.S. locations. Granite derives nearly all of its revenue in the form of rental income from its properties. The company's tenant is Magna International, an automotive parts and systems manufacturer, which accounts for the majority of Granite's lease income.

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