Scully Royalty (Scully Royalty) Inventory Turnover : 11.67 (As of Jun. 2023)

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What is Scully Royalty 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. Scully Royalty's Cost of Goods Sold for the six months ended in Jun. 2023 was $7.13 Mil. Scully Royalty's Average Total Inventories for the quarter that ended in Jun. 2023 was $0.61 Mil. Scully Royalty's Inventory Turnover for the quarter that ended in Jun. 2023 was 11.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Scully Royalty's Days Inventory for the six months ended in Jun. 2023 was 15.63.

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. Scully Royalty's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.03.

Scully Royalty Inventory Turnover Historical Data

The historical data trend for Scully Royalty'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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Scully Royalty Inventory Turnover Chart

Scully Royalty Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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8.76

14.23

14.39

24.62

29.78

Scully Royalty Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial															15.27	7.76	15.14	14.85	11.67

Scully Royalty Inventory Turnover Calculation

Scully Royalty's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	21.996	/ (	(0.859	+	0.618)	/	2 )
=	21.996	/	0.7385
=	29.78

Scully Royalty's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	7.133	/ (	(0.618	+	0.604)	/	2 )
=	7.133	/	0.611
=	11.67

Scully Royalty (NYSE:SRL) 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.

Scully Royalty's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	0.611	/	7.133	*	365 / 2
	=	15.63

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.

Scully Royalty's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	0.611	/	19.95
	=	0.03

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.

Scully Royalty Inventory Turnover Related Terms

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Scully Royalty (Scully Royalty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Scully Royalty Ltd (NYSE:SRL) » Definitions » Inventory Turnover

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Traded in Other Exchanges

MB01:Germany

Address

2299 Yan An Road West, Room 2103 Shanghai Mart Tower, Changning District, Shanghai, CHN, 200336

Website

http://www.scullyroyalty.com

Scully Royalty Ltd is a royalty-based company that maximizes earnings upon its iron ore royalty interest. The company's business segments include Royalty, which includes an interest in an iron ore mine; Industrial, which includes projects in resources and services; Merchant Banking, which comprises regulated merchant banking activities. The majority of the revenue is generated from the Royalty segment. The company's geographical segments include Canada, Africa, America, Asia, and Europe, out of which Canada accounts for the majority of the revenue.

Executives

Stefan Feuerstein

director

BERLIN CHARLOTTEN STR 59, GERMANY D-1017 2M 00000