Rural Funds Group (ASX:RFF) Days Inventory : 132.50 (As of Dec. 2023)

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What is Rural Funds Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Rural Funds Group's Average Total Inventories for the six months ended in Dec. 2023 was A$14.7 Mil. Rural Funds Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$20.3 Mil. Hence, Rural Funds Group's Days Inventory for the six months ended in Dec. 2023 was 132.50.

The historical rank and industry rank for Rural Funds Group's Days Inventory or its related term are showing as below:

ASX:RFF' s Days Inventory Range Over the Past 10 Years
Min: 91.32 Med: 121.17 Max: 204.66
Current: 175.44

During the past 10 years, Rural Funds Group's highest Days Inventory was 204.66. The lowest was 91.32. And the median was 121.17.

ASX:RFF's Days Inventory is ranked worse than
55.94% of 143 companies
in the REITs industry
Industry Median: 84.95 vs ASX:RFF: 175.44

Rural Funds Group's Days Inventory increased from Dec. 2022 (121.54) to Dec. 2023 (132.50). It might indicate that Rural Funds Group's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Rural Funds Group's Inventory Turnover for the six months ended in Dec. 2023 was 1.38.

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. Rural Funds Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.28.

Rural Funds Group Days Inventory Historical Data

The historical data trend for Rural Funds 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.

* Premium members only.

Rural Funds Group Days Inventory Chart

Rural Funds Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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91.32

121.17

204.66

Rural Funds Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															31.10	170.05	121.54	324.33	132.50

Competitive Comparison of Rural Funds Group's Days Inventory

For the REIT - Specialty subindustry, Rural Funds 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.

Rural Funds Group's Days Inventory Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Rural Funds Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Rural Funds Group's Days Inventory falls into.

Rural Funds Group Days Inventory Calculation

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

Rural Funds Group's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (8.281	+	16.148)	/	2 )	/	21.784	*	365
=	12.2145					/	21.784	*	365
=	204.66

Rural Funds Group's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (16.148	+	13.331)	/	2 )	/	20.302	*	365 / 2
=	14.7395					/	20.302	*	365 / 2
=	132.50

Rural Funds Group (ASX:RFF) 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.

Rural Funds Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	20.302	/	14.7395
	=	1.38

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.

Rural Funds Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	14.7395	/	52.814
	=	0.28

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.

Rural Funds Group Days Inventory Related Terms

Thank you for viewing the detailed overview of Rural Funds Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Rural Funds Group (ASX:RFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Rural Funds Group (ASX:RFF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

RFNDF:USA

Address

2 King Street, Level 2, Deakin, Canberra, ACT, AUS, 2600

Website

https://www.ruralfunds.com.au

Rural Funds Group is a real estate investment trust, which holds and leases agricultural property and equipment. The company's operating segment includes Almonds; Cattle; Vineyards; Cropping, Macadamias, and Other. It generates maximum revenue from the Almonds segment.

Rural Funds Group (ASX:RFF) Headlines

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