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CorEnergy Infrastructure Trust (CorEnergy Infrastructure Trust) Days Inventory : 11.08 (As of Sep. 2023)


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What is CorEnergy Infrastructure Trust Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CorEnergy Infrastructure Trust's Average Total Inventories for the three months ended in Sep. 2023 was $2.8 Mil. CorEnergy Infrastructure Trust's Cost of Goods Sold for the three months ended in Sep. 2023 was $22.7 Mil. Hence, CorEnergy Infrastructure Trust's Days Inventory for the three months ended in Sep. 2023 was 11.08.

The historical rank and industry rank for CorEnergy Infrastructure Trust's Days Inventory or its related term are showing as below:

CORRQ' s Days Inventory Range Over the Past 10 Years
Min: 5.3   Med: 11.12   Max: 24.69
Current: 22.15

During the past 13 years, CorEnergy Infrastructure Trust's highest Days Inventory was 24.69. The lowest was 5.30. And the median was 11.12.

CORRQ's Days Inventory is ranked better than
66.67% of 144 companies
in the REITs industry
Industry Median: 84.855 vs CORRQ: 22.15

CorEnergy Infrastructure Trust's Days Inventory declined from Sep. 2022 (25.28) to Sep. 2023 (11.08).

Inventory Turnover measures how fast the company turns over its inventory within a year. CorEnergy Infrastructure Trust's Inventory Turnover for the three months ended in Sep. 2023 was 8.24.

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. CorEnergy Infrastructure Trust's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.08.


CorEnergy Infrastructure Trust Days Inventory Historical Data

The historical data trend for CorEnergy Infrastructure Trust'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.

CorEnergy Infrastructure Trust Days Inventory Chart

CorEnergy Infrastructure Trust Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 5.30 11.12 24.69

CorEnergy Infrastructure Trust Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.28 25.58 38.33 22.62 11.08

Competitive Comparison of CorEnergy Infrastructure Trust's Days Inventory

For the REIT - Specialty subindustry, CorEnergy Infrastructure Trust'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.


CorEnergy Infrastructure Trust's Days Inventory Distribution in the REITs Industry

For the REITs industry and Real Estate sector, CorEnergy Infrastructure Trust's Days Inventory distribution charts can be found below:

* The bar in red indicates where CorEnergy Infrastructure Trust's Days Inventory falls into.



CorEnergy Infrastructure Trust Days Inventory Calculation

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

CorEnergy Infrastructure Trust's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

Days Inventory (A: Dec. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (3.954 + 5.95) / 2 ) / 73.196*365
=4.952 / 73.196*365
=24.69

CorEnergy Infrastructure Trust's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

Days Inventory (Q: Sep. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (3.58 + 1.939) / 2 ) / 22.728*365 / 4
=2.7595 / 22.728*365 / 4
=11.08

* 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.


CorEnergy Infrastructure Trust  (OTCPK:CORRQ) 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.

CorEnergy Infrastructure Trust's Inventory Turnover for the three months ended in Sep. 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.

CorEnergy Infrastructure Trust's Inventory to Revenue for the three months ended in Sep. 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.


CorEnergy Infrastructure Trust Days Inventory Related Terms

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


CorEnergy Infrastructure Trust (CorEnergy Infrastructure Trust) Business Description

Traded in Other Exchanges
Address
1100 Walnut, Suite 3350, Kansas, MO, USA, 64106
CorEnergy Infrastructure Trust Inc is primarily focused on acquiring and financing midstream and downstream real estate assets within the U.S. energy infrastructure sector. The company also provides other types of capital, including loans secured by energy infrastructure assets. It owns assets, such as pipelines, storage terminals, and transmission and distribution assets. Its assets include Crimson Midstream Holding, MoGas Pipeline System, and Omega Pipeline. The majority of the revenue is generated from the lease received.
Executives
Christopher M. Huffman officer: Chief Accounting Officer 1100 WALNUT, SUITE 3350, KANSAS CITY MO 64119
Robert L Waldron officer: President and CFO 1100 WALNUT, SUITE 3350, KANSAS MO 64106
John D Grier director, officer: Chief Operating Officer 1100 WALNUT, SUITE 3350, KANSAS CITY MO 64106
Richard C. Kreul officer: President - Mowood and MoGas 1100 WALNUT STREET, KANSAS CITY MO 64106
Arkan Haile director 1100 WALNUT STREET, KANSAS CITY MO 64106
Catherine A. Lewis director 325 NE NORTHGATE CROSSING, LEE'S SUMMIT MO 64064
Todd E. Banks director 1100 WALNUT, SUITE 3350, KANSAS CITY MO 64106
Ciccotello Conrad S director 5100 W. 115TH PLACE, LEAWOOD KS 66211
David J Schulte officer: President and CEO 233 WEST 47TH ST., KANSAS CITY MO 64112
Larry W Alexander officer: President of Crimson Midstream 1100 WALNUT, SUITE 3350, KANSAS CITY MO 64106
Jeffrey E. Fulmer officer: Executive Vice President 1100 WALNUT, SUITE 3350, KANSAS CITY MO 64106
Rebecca M Sandring officer: Treasurer 4200 W. 115TH STREET, LEAWOOD KS 66211
Kristin M Leitze officer: Chief Accounting Officer 1100 WALNUT, SUITE 3350, KANSAS CITY MO 64106
Nate Poundstone officer: Chief Accounting Officer 1100 WALNUT, SUITE 3350, KANSAS CITY MO 64106
Richard C Green director 4200 W 115TH STREET, SUITE 210, LEAWOOD KS 66211

CorEnergy Infrastructure Trust (CorEnergy Infrastructure Trust) Headlines