UMHPC.PFD (UMH Properties) Days Inventory : 103.51 (As of Sep. 2024)

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What is UMH Properties Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). UMH Properties's Average Total Inventories for the three months ended in Sep. 2024 was $31.71 Mil. UMH Properties's Cost of Goods Sold for the three months ended in Sep. 2024 was $27.96 Mil. Hence, UMH Properties's Days Inventory for the three months ended in Sep. 2024 was 103.51.

The historical rank and industry rank for UMH Properties's Days Inventory or its related term are showing as below:

UMHpC.PFD' s Days Inventory Range Over the Past 10 Years
Min: 101.69 Med: 119.37 Max: 219.51
Current: 112

During the past 13 years, UMH Properties's highest Days Inventory was 219.51. The lowest was 101.69. And the median was 119.37.

UMHpC.PFD's Days Inventory is ranked better than
50.68% of 148 companies
in the REITs industry
Industry Median: 117.165 vs UMHpC.PFD: 112.00

UMH Properties's Days Inventory declined from Sep. 2023 (175.44) to Sep. 2024 (103.51).

Inventory Turnover measures how fast the company turns over its inventory within a year. UMH Properties's Inventory Turnover for the three months ended in Sep. 2024 was 0.88.

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. UMH Properties's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.52.

UMH Properties Days Inventory Historical Data

The historical data trend for UMH Properties'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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UMH Properties Days Inventory Chart

UMH Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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136.11

135.05

101.69

219.51

216.31

UMH Properties Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															175.44	128.23	106.40	103.21	103.51

Competitive Comparison of UMH Properties's Days Inventory

For the REIT - Residential subindustry, UMH Properties'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.

UMH Properties's Days Inventory Distribution in the REITs Industry

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

* The bar in red indicates where UMH Properties's Days Inventory falls into.

UMH Properties Days Inventory Calculation

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

UMH Properties'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
=	( (88.468	+	32.94)	/	2 )	/	102.432	*	365
=	60.704					/	102.432	*	365
=	216.31

UMH Properties's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (31.986	+	31.44)	/	2 )	/	27.957	*	365 / 4
=	31.713					/	27.957	*	365 / 4
=	103.51

UMH Properties (NYSE:UMHpC.PFD) 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.

UMH Properties's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	27.957	/	31.713
	=	0.88

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.

UMH Properties's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	31.713	/	60.671
	=	0.52

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.

UMH Properties Days Inventory Related Terms

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

UMH Properties Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » UMH Properties Inc (NYSE:UMHpC.PFD) » Definitions » Days Inventory

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Traded in Other Exchanges

UMHpD.PFD:USA UMH:USA UMH:Israel

Address

3499 Route 9, Suite 3C, Freehold, NJ, USA, 07728

Website

https://www.umh.reit

UMH Properties Inc together with its subsidiaries is a real estate investment trust. It is engaged in the business of ownership and operation of manufactured home communities - leasing manufactured homesites to residents . The Company also leases manufactured homes to residents and, through its wholly-owned taxable REIT subsidiary, UMH Sales and Finance, Inc. sells and finances the sale of manufactured homes to residents and prospective residents of its communities and for placement on customers' privately-owned land. The company also owns the land, utility connections, streets, lighting, driveways, common area amenities, and other capital improvements. It earns income from lease agreements for their sites and homes, where the company is the lessor.