Farmland Partners (FRA:0FA) Inventory Turnover : 0.93 (As of Mar. 2024)

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What is Farmland Partners 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. Farmland Partners's Cost of Goods Sold for the three months ended in Mar. 2024 was €2.15 Mil. Farmland Partners's Average Total Inventories for the quarter that ended in Mar. 2024 was €2.31 Mil. Farmland Partners's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Farmland Partners's Days Inventory for the three months ended in Mar. 2024 was 98.03.

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. Farmland Partners's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.21.

Farmland Partners Inventory Turnover Historical Data

The historical data trend for Farmland Partners'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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Farmland Partners Inventory Turnover Chart

Farmland Partners Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.37

7.63

4.32

4.99

5.13

Farmland Partners Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.13	1.24	0.94	1.44	0.93

Farmland Partners Inventory Turnover Calculation

Farmland Partners's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	12.3	/ (	(2.651	+	2.141)	/	2 )
=	12.3	/	2.396
=	5.13

Farmland Partners's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	2.152	/ (	(2.141	+	2.483)	/	2 )
=	2.152	/	2.312
=	0.93

Farmland Partners (FRA:0FA) 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.

Farmland Partners's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	2.312	/	2.152	*	365 / 4
	=	98.03

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.

Farmland Partners's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	2.312	/	11.031
	=	0.21

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.

Farmland Partners Inventory Turnover Related Terms

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Farmland Partners (FRA:0FA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Farmland Partners Inc (FRA:0FA) » Definitions » Inventory Turnover

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Traded in Other Exchanges

FPI:USA 0FA:Germany

Address

4600 South Syracuse Street, Suite 1450, Denver, CO, USA, 80237

Website

http://www.farmlandpartners.com

Farmland Partners Inc owns and seeks to acquire high-quality farmland throughout North America. The company is an internally managed real estate company and owns and contracts of farmland and storage facilities located across the United States. Its properties are farmed by over 100 tenants growing more than 26 commercial crops. Farmland Partners generates its revenues through the rent it receives from its tenants.

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