Mid-America Apartment Communities (BSP:M1AA34) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is Mid-America Apartment Communities 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. Mid-America Apartment Communities's Cost of Goods Sold for the three months ended in Dec. 2023 was R$1,630 Mil. Mid-America Apartment Communities's Average Total Inventories for the quarter that ended in Dec. 2023 was R$0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mid-America Apartment Communities's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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. Mid-America Apartment Communities's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Mid-America Apartment Communities Inventory Turnover Historical Data

The historical data trend for Mid-America Apartment Communities'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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Mid-America Apartment Communities Inventory Turnover Chart

Mid-America Apartment Communities Annual Data

Trend

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Dec23

Inventory Turnover

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Mid-America Apartment Communities 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															-	-	-	-	-

Mid-America Apartment Communities Inventory Turnover Calculation

Mid-America Apartment Communities'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 )
=	6532.433	/ (	(0	+	0)	/	1 )
=	6532.433	/	0
=	N/A

Mid-America Apartment Communities'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 )
=	1630.017	/ (	(0	+	0)	/	1 )
=	1630.017	/	0
=	N/A

Mid-America Apartment Communities (BSP:M1AA34) 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.

Mid-America Apartment Communities'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
	=	0	/	1630.017	*	365 / 4
	=	0.00

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.

Mid-America Apartment Communities'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 )
	=	0	/	2656.902
	=	0.00

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.

Mid-America Apartment Communities Inventory Turnover Related Terms

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Mid-America Apartment Communities (BSP:M1AA34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mid-America Apartment Communities Inc (BSP:M1AA34) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

MAApI.PFD:USA MAA:USA M2K:Germany

Address

6815 Poplar Avenue, Suite 500, Germantown, TN, USA, 38138

Website

https://www.maac.com

Mid-America Apartment Communities Inc, or MAA, is a real estate investment trust engaged in the acquisition, operation, and development of multifamily apartment communities located in southeastern and southwestern United States. Company operates two reportable segments; Same Store includes communities that the Company has owned and have been stabilized for at least a full 12 months as of the first day of the calendar year and Non-Same Store and Other includes recently acquired communities, communities being developed or in lease-up, communities that have been disposed of or identified for disposition, communities that have experienced a significant casualty loss and stabilized communities that do not meet the requirements to be Same Store communities. Key revenue comes from the Same Store.

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