SmartCentres Real Estate Investment Trust (TSX:SRU.UN) Days Inventory : 54.46 (As of Dec. 2023)

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What is SmartCentres Real Estate Investment Trust Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). SmartCentres Real Estate Investment Trust's Average Total Inventories for the three months ended in Dec. 2023 was C$49.3 Mil. SmartCentres Real Estate Investment Trust's Cost of Goods Sold for the three months ended in Dec. 2023 was C$82.6 Mil. Hence, SmartCentres Real Estate Investment Trust's Days Inventory for the three months ended in Dec. 2023 was 54.46.

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

TSX:SRU.UN' s Days Inventory Range Over the Past 10 Years
Min: 28.31 Med: 30.57 Max: 52.35
Current: 51.65

During the past 13 years, SmartCentres Real Estate Investment Trust's highest Days Inventory was 52.35. The lowest was 28.31. And the median was 30.57.

TSX:SRU.UN's Days Inventory is ranked better than
56.25% of 144 companies
in the REITs industry
Industry Median: 87.84 vs TSX:SRU.UN: 51.65

SmartCentres Real Estate Investment Trust's Days Inventory increased from Dec. 2022 (42.78) to Dec. 2023 (54.46). It might indicate that SmartCentres Real Estate Investment Trust's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. SmartCentres Real Estate Investment Trust's Inventory Turnover for the three months ended in Dec. 2023 was 1.68.

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. SmartCentres Real Estate Investment Trust's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.23.

SmartCentres Real Estate Investment Trust Days Inventory Historical Data

The historical data trend for SmartCentres 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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SmartCentres Real Estate Investment Trust Days Inventory Chart

SmartCentres Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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30.57

29.98

34.73

40.96

52.35

SmartCentres 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															42.78	46.30	50.16	54.22	54.46

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

For the REIT - Retail subindustry, SmartCentres 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.

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

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

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

SmartCentres 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.

SmartCentres 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
=	( (40.373	+	51.719)	/	2 )	/	321.02	*	365
=	46.046					/	321.02	*	365
=	52.35

SmartCentres 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
=	( (46.834	+	51.719)	/	2 )	/	82.57	*	365 / 4
=	49.2765					/	82.57	*	365 / 4
=	54.46

SmartCentres Real Estate Investment Trust (TSX:SRU.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.

SmartCentres 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
	=	82.57	/	49.2765
	=	1.68

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.

SmartCentres 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
	=	49.2765	/	211.021
	=	0.23

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.

SmartCentres Real Estate Investment Trust Days Inventory Related Terms

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

SmartCentres Real Estate Investment Trust (TSX:SRU.UN) Business Description

Industry

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

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Traded in Other Exchanges

CWYUF:USA C7J1:Germany

Address

3200 Highway 7, Vaughan, ON, CAN, L4K 5Z5

Website

https://www.smartcentres.com

SmartCentres Real Estate Investment Trust is a Canadian fully integrated commercial and residential REIT, with approximately 174 strategically located properties in communities across the country. The company is developing complete, connected, mixed-use communities on its existing retail properties, under its wholly-owned residential sub-brand, SmartLiving. The Trust develops, leases, constructs, owns and manages shopping centres, office buildings, high-rise and low-rise condominiums and rental residences, seniors' housing, townhome units, self-storage rental facilities, and industrial facilities in Canada.

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