Boardwalk Real Estate Investment Trust (Boardwalk Real Estate Investment Trust) Inventory Turnover : 7.96 (As of Dec. 2023)

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What is Boardwalk Real Estate Investment Trust Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Boardwalk Real Estate Investment Trust's Cost of Goods Sold for the three months ended in Dec. 2023 was $41.1 Mil. Boardwalk Real Estate Investment Trust's Average Total Inventories for the quarter that ended in Dec. 2023 was $5.2 Mil. Boardwalk Real Estate Investment Trust's Inventory Turnover for the quarter that ended in Dec. 2023 was 7.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Boardwalk Real Estate Investment Trust's Days Inventory for the three months ended in Dec. 2023 was 11.47.

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. Boardwalk Real Estate Investment Trust's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

Boardwalk Real Estate Investment Trust Inventory Turnover Historical Data

The historical data trend for Boardwalk Real Estate Investment Trust's Inventory Turnover 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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Boardwalk Real Estate Investment Trust Inventory Turnover Chart

Boardwalk Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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21.76

27.13

27.15

25.53

29.25

Boardwalk 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
Inventory Turnover	Get a 7-Day Free Trial															7.22	7.23	7.01	6.92	7.96

Boardwalk Real Estate Investment Trust Inventory Turnover Calculation

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

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	158.519	/ (	(5.716	+	5.124)	/	2 )
=	158.519	/	5.42
=	29.25

Boardwalk Real Estate Investment Trust's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	41.13	/ (	(5.216	+	5.124)	/	2 )
=	41.13	/	5.17
=	7.96

Boardwalk Real Estate Investment Trust (OTCPK:BOWFF) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Boardwalk Real Estate Investment Trust's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	5.17	/	41.13	*	365 / 4
	=	11.47

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.

Boardwalk Real Estate Investment Trust's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	5.17	/	106.685
	=	0.05

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Boardwalk Real Estate Investment Trust Inventory Turnover Related Terms

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Boardwalk Real Estate Investment Trust (Boardwalk Real Estate Investment Trust) Business Description

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BEI.UN:Canada

Address

1501 - 1st Street S.W., Suite 200, First West Place, Calgary, AB, CAN, T2R 0W1

Website

https://www.bwalk.com

Boardwalk Real Estate Investment Trust, or Boardwalk REIT, is a real estate investment trust engaged in the acquisition, development, and management of residential multifamily communities throughout Canada. Although the company's cumulative residential property portfolio includes holdings in the provinces of Alberta, Saskatchewan, Ontario, and Quebec, the majority of its total units are located in Alberta. The submarkets around the cities of Calgary and Edmonton, specifically, account for the majority of Boardwalk REIT's total residential suites. The company derives substantially all of its income in the form of rental revenue from leasing its properties to tenants under short-term agreements. Boardwalk REIT's assets in Alberta contribute the majority of this revenue.