Hospitality Property Fund (JSE:TSP) Total Inventories: R0.93 Mil (As of Sep. 2020)

What is Hospitality Property Fund Total Inventories?

Hospitality Property Fund JSE:TSP 11 Total Inventories is R0.93 Mil as of Sep. 2020. GuruFocus rates JSE:TSP with a GF Score™ of 11/100. The stock has 8 warning signs investors should review.

Hospitality Property Fund's total inventories for the quarter that ended in Sep. 2020 was R0.93 Mil. Hospitality Property Fund's average total inventories from the quarter that ended in Mar. 2020 to the quarter that ended in Sep. 2020 was R0.47 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Hospitality Property Fund's Net-Net Working Capital per share for the quarter that ended in Sep. 2020 was R-4.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hospitality Property Fund's Days Inventory for the six months ended in Sep. 2020 was 1.50.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hospitality Property Fund's Inventory Turnover for the quarter that ended in Sep. 2020 was 121.36.

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. Hospitality Property Fund's Inventory-to-Revenue for the quarter that ended in Sep. 2020 was 0.01.

Hospitality Property Fund (JSE:TSP) 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.

Hospitality Property Fund's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2020 is

	Net-Net Working Capital Per Share (Q: Sep. 2020 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(71.551	+	0.75 * 183.171	+	0.5 * 0.932	-	2739.35
-	0	-	0)	/	577.591
=	-4.38

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

Hospitality Property Fund's Days Inventory for the six months ended in Sep. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2020 )	/	Cost of Goods Sold (Q: Sep. 2020 )	*	Days in Period
	=	0.466	/	56.553	*	365 / 2
	=	1.50

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

Hospitality Property Fund's Inventory Turnover for the quarter that ended in Sep. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2020 )	/	Average Total Inventories (Q: Sep. 2020 )
	=	56.553	/	0.466
	=	121.36

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.

Hospitality Property Fund's Inventory to Revenue for the quarter that ended in Sep. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2020 )	/	Revenue (Q: Sep. 2020 )
	=	0.466	/	85.538
	=	0.01

* 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.

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.

Hospitality Property Fund Total Inventories Related Terms

Hospitality Property Fund Total Inventories Historical Data

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The historical data trend for Hospitality Property Fund's Total Inventories can be seen below:

Hospitality Property Fund Total Inventories Chart

Hospitality Property Fund Annual Data

Trend

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Mar18

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Mar20

Total Inventories

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21.62

22.64

0.00

Hospitality Property Fund Semi-Annual Data
	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20
Total Inventories	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.93

Hospitality Property Fund 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.

Frequently Asked Questions Learn more about Total Inventories →

What does a Total Inventories of R0.93 Mil mean?

Hospitality Property Fund (JSE:TSP) has a Total Inventories of R0.93 Mil as of Sep. 2020. The total amount of inventory as recorded on a company's balance sheet. View historical data for Hospitality Property Fund and its competitors.

Is Hospitality Property Fund's Total Inventories too high?

Hospitality Property Fund's current Total Inventories is R0.93 Mil. Overall, Hospitality Property Fund has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.

How does Hospitality Property Fund's Total Inventories compare to HST and PK?

Hospitality Property Fund's Total Inventories of R0.93 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Total Inventories for a REITs company?

A good Total Inventories depends on the REITs industry context. However, Total Inventories should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Total Inventories mean?

A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for Hospitality Property Fund and its competitors. Hospitality Property Fund's current Total Inventories is R0.93 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Hospitality Property Fund stock overvalued right now?

Hospitality Property Fund (JSE:TSP) has a current Total Inventories of R0.93 Mil. The current Total Inventories is R0.93 Mil. Hospitality Property Fund's overall GF Score™ is 11/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Total Inventories calculated?

Total Inventories is calculated from a company's financial statements. For Hospitality Property Fund (JSE:TSP), the current Total Inventories is R0.93 Mil as of Sep. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Hospitality Property Fund Business Description

Industry Real Estate REITs

Comparable Companies HST PK APLE XPAR:COVH SHO RHP PEB RLJ TSE:8985 FCPT DRH SVC XHR TSE:3287 INN ASX:LEP HKSE:01881 TSE:3478 XKLS:5109 CLDT

Address Montecasino Boulevard, Palazzo Towers West, Fourways, Johannesburg, ZAF, 2055

Website http://www.hpf.co.za

Hospitality Property Fund Ltd is a specialised real estate investment trust investing in the hotel and leisure sector, providing investors with exposure to both the property and hospitality industries. The company's portfolio caters to a wide-ranging domestic and international market and accommodates various segments including corporate, government, leisure, group conferencing and event business. The properties are well diversified in terms of geographic location and class of hotel, thus mitigating the inherent risks associated within the cyclical nature of the hospitality industry.