Spear REIT (JSE:SEA) Total Inventories : R443.0 Mil (As of Feb. 2024)

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What is Spear REIT Total Inventories?

Spear REIT's total inventories for the quarter that ended in Feb. 2024 was R443.0 Mil. Spear REIT's average total inventories from the quarter that ended in Aug. 2023 to the quarter that ended in Feb. 2024 was R421.5 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Spear REIT's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was R-5.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Spear REIT's Days Inventory for the six months ended in Feb. 2024 was 677.22.

Inventory Turnover measures how fast the company turns over its inventory within a year. Spear REIT's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.27.

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. Spear REIT's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 1.31.

Spear REIT Total Inventories Historical Data

The historical data trend for Spear REIT'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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Spear REIT Total Inventories Chart

Spear REIT Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Total Inventories

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71.40

422.68

443.00

Spear REIT Semi-Annual Data
	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Total Inventories	Get a 7-Day Free Trial										71.40	85.00	422.68	400.00	443.00

Spear REIT 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.

Spear REIT (JSE:SEA) 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.

Spear REIT's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2024 is

	Net-Net Working Capital Per Share (Q: Feb. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(25.871	+	0.75 * 21.312	+	0.5 * 443	-	1597.265
-	0	-	13.112)	/	260.086
=	-5.18

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

Spear REIT's Days Inventory for the six months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	421.5	/	113.588	*	365 / 2
	=	677.22

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

Spear REIT's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Feb. 2024 )	/	Average Total Inventories (Q: Feb. 2024 )
	=	113.588	/	421.5
	=	0.27

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.

Spear REIT's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	421.5	/	322.194
	=	1.31

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.

Spear REIT Total Inventories Related Terms

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Spear REIT Business Description

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Address

2 Long Street, PO Box 50, 16th Floor, Cape Town, ZAF, 8001

Website

https://www.spearprop.co.za

Spear REIT Ltd is a real estate investment trust. The company is a diversified property investment company investing in real estate sectors including office, retail, industrial, residential, and hospitality. Its operating business segments are Industrial, Commercial, Retail, Hospitality, Residential, Development, and Non-property. The segments derive their revenue mainly from rental income from leases. The company derives maximum revenue from the Industrial segment.

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