Lamar Advertising Co (Lamar Advertising Co) Days Payable

: 9.01 (As of Dec. 2023)

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Lamar Advertising Co's average Accounts Payable for the three months ended in Dec. 2023 was $18 Mil. Lamar Advertising Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $181 Mil. Hence, Lamar Advertising Co's Days Payable for the three months ended in Dec. 2023 was 9.01.

The historical rank and industry rank for Lamar Advertising Co's Days Payable or its related term are showing as below:

LAMR' s Days Payable Range Over the Past 10 Years
Min: 8.83 Med: 11.58 Max: 13.03
Current: 9.38

During the past 13 years, Lamar Advertising Co's highest Days Payable was 13.03. The lowest was 8.83. And the median was 11.58.

LAMR's Days Payable is ranked worse than
95.26% of 527 companies
in the REITs industry
Industry Median: 122.38 vs LAMR: 9.38

Lamar Advertising Co's Days Payable declined from Dec. 2022 (9.49) to Dec. 2023 (9.01). It may suggest that Lamar Advertising Co accelerated paying its suppliers.

Lamar Advertising Co Days Payable Historical Data

The historical data trend for Lamar Advertising Co's Days Payable 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.

Lamar Advertising Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

11.20

8.83

9.00

9.87

9.92

Lamar Advertising Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																9.49	9.90	9.05	9.06	9.01

Competitive Comparison

For the REIT - Specialty subindustry, Lamar Advertising Co's Days Payable, along with its competitors' market caps and Days Payable 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.

Lamar Advertising Co Days Payable Distribution

For the REITs industry and Real Estate sector, Lamar Advertising Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Lamar Advertising Co's Days Payable falls into.

Lamar Advertising Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Lamar Advertising Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (19.643	+	18.238)	/	2 )	/	696.799	*	365
=	18.9405					/	696.799	*	365
=	9.92

Lamar Advertising Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (17.592	+	18.238)	/	2 )	/	181.396	*	365 / 4
=	17.915					/	181.396	*	365 / 4
=	9.01

Lamar Advertising Co Days Payable Related Terms

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Lamar Advertising Co (Lamar Advertising Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Lamar Advertising Co (NAS:LAMR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

6LA:Germany

Address

5321 Corporate Boulevard, Baton Rouge, LA, USA, 70808

Website

https://www.lamar.com

Lamar Advertising Co is an outdoor advertising company organized as a real estate investment trust for U.S. federal income tax purposes. Lamar's core revenue-generating activity is leasing space for advertising on billboards, buses, shelters, benches, logo plates, and airport terminals through short-term agreements. The company is involved in this process from ad copy production to the placement and maintenance of physical advertisements. The vast majority of Lamar's revenue comes from renting ad space on its portfolio of static and digital roadside billboard displays in the U.S. The states of Pennsylvania and Texas house a proportion of these. The company's customers are restaurant, service, healthcare, and retail firms in terms of total revenue.

Executives

Jay Lecoryelle Johnson	officer: CFO, Treasurer, EVP	C/O DIAMONDROCK HOSPITALITY COMPANY, 2 BETHESDA METRO CENTER, SUITE 1400, BETHESDA MD 20814
Nancy Fletcher	director	5321 CORPORATE BOULEVARD, BATON ROUGE LA 70808
Thomas V Reifenheiser	director	C/O LAMAR CORP, 5551 CORPORATE BLVD, BATON ROUGE LA 70808
Wendell Reilly	director	C/O BERMAN CAPITAL ADVISORS, 3475 LENOX RD. STE. 760, ATLANTA GA 30326
Koerner John E Iii	director	200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Anna Reilly	director	C/O LAMAR ADVERTISING COMPANY, 5321 CORPORATE BLVD, BATON ROUGE LA 70808
Stephen P Mumblow	director	790 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Elizabeth Mary Thompson	director	5321 CORPORATE BOULEVARD, BATON ROUGE LA 70808
Keith A Istre	officer: Chief Financial Officer	C/O LAMAR CORP, 5321 CORPORATE BLVD, BATON ROUGE LA 70808
Sean E Reilly	officer: Chief Operating Officer	5321 CORPORATE BLVD, BATON ROUGE LA 70808
Marshall A Loeb	director	C/O EASTGROUP PROPERTIES, INC., 190 EAST CAPITOL STREET, JACKSON MS 39201
John Maxwell Hamilton	director	C/O LAMAR CORP, 5551 CORPORATE BLVD, BATON ROUGE LA 70808
Reilly Kevin P Jr	director, officer: President and CEO	C/O LAMAR CORP, 5321 CORPORATE BLVD, BATON ROUGE LA 70808
Spo Advisory Corp	10 percent owner	PO BOX 2722, C/O SPO PARTNERS & CO, SAN ANSELMO CA 94979
Abrams Capital Management, L.p.	10 percent owner	222 BERKELEY STREET, 21ST FLOOR, BOSTON MA 02116