Heriot REIT (JSE:HET) Inventory Turnover : 9.04 (As of Dec. 2023)

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What is Heriot REIT 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. Heriot REIT's Cost of Goods Sold for the six months ended in Dec. 2023 was R204.9 Mil. Heriot REIT's Average Total Inventories for the quarter that ended in Dec. 2023 was R22.7 Mil. Heriot REIT's Inventory Turnover for the quarter that ended in Dec. 2023 was 9.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Heriot REIT's Days Inventory for the six months ended in Dec. 2023 was 20.19.

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. Heriot REIT's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.

Heriot REIT Inventory Turnover Historical Data

The historical data trend for Heriot REIT'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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Heriot REIT Inventory Turnover Chart

Heriot REIT Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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6.76

Heriot REIT Semi-Annual Data
	Nov17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial							-	-	-	3.26	9.04

Heriot REIT Inventory Turnover Calculation

Heriot REIT's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	202.032	/ (	(0	+	29.869)	/	1 )
=	202.032	/	29.869
=	6.76

Heriot REIT'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	204.905	/ (	(29.869	+	15.476)	/	2 )
=	204.905	/	22.6725
=	9.04

Heriot REIT (JSE:HET) 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.

Heriot REIT's Days Inventory for the six 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
	=	22.6725	/	204.905	*	365 / 2
	=	20.19

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.

Heriot REIT'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 )
	=	22.6725	/	596.619
	=	0.04

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.

Heriot REIT Inventory Turnover Related Terms

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Heriot REIT (JSE:HET) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Heriot REIT Ltd (JSE:HET) » Definitions » Inventory Turnover

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Address

3 Melrose Boulevard, Suite 1, Ground Floor, Melrose Arch, Johannesburg, GT, ZAF, 2196

Website

http://www.heriotreit.com

Heriot REIT Ltd is a South African real estate investment trust. The company owns a portfolio of retail, industrial, office, specialized, residential properties, and others. While the majority of the revenue is earned from Industrial properties. The primary objective of the company is to develop or acquire yield-enhancing assets within Southern Africa to create a stable and diverse portfolio for the purposes of generating capital growth and securing escalating net rental income streams.

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