Sotherly Hotels (FRA:MCL) Inventory Turnover : 3.96 (As of Dec. 2023)

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What is Sotherly Hotels 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. Sotherly Hotels's Cost of Goods Sold for the three months ended in Dec. 2023 was €29.2 Mil. Sotherly Hotels's Average Total Inventories for the quarter that ended in Dec. 2023 was €7.4 Mil. Sotherly Hotels's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sotherly Hotels's Days Inventory for the three months ended in Dec. 2023 was 23.07.

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. Sotherly Hotels's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.19.

Sotherly Hotels Inventory Turnover Historical Data

The historical data trend for Sotherly Hotels'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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Sotherly Hotels Inventory Turnover Chart

Sotherly Hotels Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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14.39

17.32

Sotherly Hotels Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															3.83	3.67	3.17	3.96	5.72

Sotherly Hotels Inventory Turnover Calculation

Sotherly Hotels'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 )
=	118.338	/ (	(7.847	+	5.816)	/	2 )
=	118.338	/	6.8315
=	17.32

Sotherly Hotels'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 )
=	29.205	/ (	(8.952	+	5.816)	/	2 )
=	29.205	/	7.384
=	3.96

Sotherly Hotels (FRA:MCL) 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.

Sotherly Hotels'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
	=	7.384	/	29.205	*	365 / 4
	=	23.07

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.

Sotherly Hotels'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 )
	=	7.384	/	38.65
	=	0.19

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.

Sotherly Hotels Inventory Turnover Related Terms

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Sotherly Hotels (FRA:MCL) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Sotherly Hotels Inc (FRA:MCL) » Definitions » Inventory Turnover

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Address

306 South Henry Street, Suite 100, Williamsburg, VA, USA, 23185

Website

https://www.sotherlyhotels.com

Sotherly Hotels Inc is engaged in Hotel operations. The company is a self-managed and self-administered lodging real estate investment trust that was formed to own, acquire, renovate, and reposition full-service, upscale, and upper-upscale hotel properties located in primary markets in the mid-Atlantic and southern United States. It generates revenue through the rooms, food, beverage, and other services. Geographically, the group has its presence in the regions of Florida, Georgia, Indiana, Maryland, North Carolina, Pennsylvania, Texas, and Virginia.

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