Days Inventory is also known as Days Sales of Inventory (DSI). Goodman Group's Average Total Inventories for the
six
months ended in Dec. 2023 was A$275 Mil. Goodman Group's Cost of Goods Sold for the
six
months ended in Dec. 2023 was A$168 Mil.
Hence, Goodman Group's Days Inventory for the
six
months ended in Dec. 2023 was 299.01.
The historical rank and industry rank for Goodman Group's Days Inventory or its related term are showing as below:
ASX:GMG'
s Days Inventory Range Over the Past 10 Years
Min: 79.26 Med: 195.25 Max: 324.07
Current: 246.76
During the past 13 years, Goodman Group's highest Days Inventory was 324.07. The lowest was 79.26. And the median was 195.25.
ASX:GMG's Days Inventory is ranked better than 72.28% of 1324
companies
in the Real Estate industry
Industry Median: 693.34
vs ASX:GMG: 246.76
Goodman Group's Days Inventory
increased
from Dec. 2022 (280.99) to Dec. 2023 (299.01).
It might indicate that Goodman Group's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Goodman Group's Inventory Turnover for the
six
months ended in Dec. 2023 was 0.61.
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.
Goodman Group's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.52.
Goodman Group Days Inventory Historical Data
The historical data trend for Goodman Group's Days Inventory 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.
Competitive Comparison of Goodman Group's Days Inventory
For the Real Estate - Diversified subindustry, Goodman Group's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Goodman Group's Days Inventory Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Goodman Group's Days Inventory distribution charts can be found below:
* The bar in red indicates where Goodman Group's Days Inventory falls into.
Goodman Group Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Goodman Group's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as
* 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.
Goodman Group (ASX:GMG) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Goodman Group's Inventory Turnover for the
six
months ended in Dec. 2023 is calculated as
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.
Goodman Group's Inventory to Revenue for the
six
months ended in Dec. 2023 is calculated as
* 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
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Goodman Group Days Inventory Related Terms
Thank you for viewing the detailed overview of Goodman Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Goodman Group develops and manages industrial property investments worldwide. Rather than taking all risks on its own balance sheet, most Goodman developments are on behalf of end-user tenants, and funds management clients. A typical deal involves purchasing land for a tenant who wants to occupy the site, and/or an investor who will own the asset via a Goodman investment vehicle. Goodman charges leasing fees for locking in tenants, and fees for managing the development. Completed projects reside in Goodman investment vehicles, and Goodman charges asset and investment management fees to investors, in return for collecting rent and managing the site. Goodman retains a minority stake in many projects, generating rental income and aligning its interests with its funds management clients.
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