Mid-America Apartment Communities (BSP:M1AA34) Total Inventories : R$0 Mil (As of Sep. 2024)

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What is Mid-America Apartment Communities Total Inventories?

Mid-America Apartment Communities's total inventories for the quarter that ended in Sep. 2024 was R$0 Mil. Mid-America Apartment Communities's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was R$0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Mid-America Apartment Communities's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was R$-67.93.

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 Sep. 2024 was 0.00.

Inventory Turnover measures how fast the company turns over its inventory within a year.

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 Sep. 2024 was 0.00.

Mid-America Apartment Communities Total Inventories Historical Data

The historical data trend for Mid-America Apartment Communities's Total Inventories 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 Total Inventories Chart

Mid-America Apartment Communities Annual Data

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Total Inventories

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Mid-America Apartment Communities Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial															-	-	-	-	-

Mid-America Apartment Communities Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Mid-America Apartment Communities (BSP:M1AA34) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Mid-America Apartment Communities's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

	Net-Net Working Capital Per Share (Q: Sep. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(278.175	+	0.75 * 0	+	0.5 * 0	-	31023.531
-	0.05	-	1012.974)	/	467.521
=	-67.93

2. 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 Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	0	/	2079.71	*	365 / 4
	=	0.00

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Mid-America Apartment Communities's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2024 )	/	Average Total Inventories (Q: Sep. 2024 )
	=	2079.71	/	0
	=	N/A

4. 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 Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	0	/	3052.026
	=	0.00

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Mid-America Apartment Communities Total Inventories Related Terms

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Mid-America Apartment Communities Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

MAApI.PFD:USA MAA:USA 0K1E:UK M2K:Germany 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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