Mid-America Apartment Communities (Mid-America Apartment Communities) Days Payable

: 25.91 (As of Dec. 2023)

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Mid-America Apartment Communities's average Accounts Payable for the three months ended in Dec. 2023 was $94 Mil. Mid-America Apartment Communities's Cost of Goods Sold for the three months ended in Dec. 2023 was $333 Mil. Hence, Mid-America Apartment Communities's Days Payable for the three months ended in Dec. 2023 was 25.91.

The historical rank and industry rank for Mid-America Apartment Communities's Days Payable or its related term are showing as below:

MAA' s Days Payable Range Over the Past 10 Years
Min: 2.9 Med: 6.16 Max: 29.39
Current: 26.89

During the past 13 years, Mid-America Apartment Communities's highest Days Payable was 29.39. The lowest was 2.90. And the median was 6.16.

MAA's Days Payable is ranked worse than
85.39% of 527 companies
in the REITs industry
Industry Median: 122.38 vs MAA: 26.89

Mid-America Apartment Communities's Days Payable declined from Dec. 2022 (29.14) to Dec. 2023 (25.91). It may suggest that Mid-America Apartment Communities accelerated paying its suppliers.

Mid-America Apartment Communities Days Payable Historical Data

The historical data trend for Mid-America Apartment Communities'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.

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Mid-America Apartment Communities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

29.39

26.89

Mid-America Apartment Communities Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																29.14	28.97	-	-	25.91

Competitive Comparison

For the REIT - Residential subindustry, Mid-America Apartment Communities'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.

Mid-America Apartment Communities Days Payable Distribution

For the REITs industry and Real Estate sector, Mid-America Apartment Communities's Days Payable distribution charts can be found below:

* The bar in red indicates where Mid-America Apartment Communities's Days Payable falls into.

Mid-America Apartment Communities 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.

Mid-America Apartment Communities'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
=	( (101.99	+	94.461)	/	2 )	/	1333.204	*	365
=	98.2255					/	1333.204	*	365
=	26.89

Mid-America Apartment Communities'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
=	( (0	+	94.461)	/	1 )	/	332.67	*	365 / 4
=	94.461					/	332.67	*	365 / 4
=	25.91

Mid-America Apartment Communities Days Payable Related Terms

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Mid-America Apartment Communities (Mid-America Apartment Communities) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mid-America Apartment Communities Inc (NYSE:MAA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MAApI.PFD:USA M2K:Germany M1AA34:Brazil

Address

6815 Poplar Avenue, Suite 500, Germantown, TN, USA, 38138

Website

https://www.maac.com

Mid-America Apartment Communities Inc, or MAA, is a real estate investment trust engaged in the acquisition, operation, and development of multifamily apartment communities located in southeastern and southwestern United States. Company operates two reportable segments; Same Store includes communities that the Company has owned and have been stabilized for at least a full 12 months as of the first day of the calendar year and Non-Same Store and Other includes recently acquired communities, communities being developed or in lease-up, communities that have been disposed of or identified for disposition, communities that have experienced a significant casualty loss and stabilized communities that do not meet the requirements to be Same Store communities. Key revenue comes from the Same Store.

Executives

Bolton H Eric Jr	director, officer: President and Chief Executive
Timothy Argo	officer: EVP, Chief Strategy & Analysis	6815 POPLAR AVE, SUITE 500, GERMANTOWN TN 38138
Melanie Carpenter	officer: EVP & CHRO	6815 POPLAR AVE, SUITE 500, GERMANTOWN TN 38138
Robert J. Delpriore	officer: EVP, General Counsel	6584 POPLAR AVENUE, MEMPHIS TN 38138
William Reid Sanders	director	C/O TWO HARBORS INVESTMENT CORP., 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Tamara D Fischer	director	5200 DTC PARKWAY, SUITE 200, GREENWOOD VILLAGE CO 80111
John Case	director	600 LA TERRAZA BOULEVARD, ESCONDIDO CA 92025
Deborah H Caplan	director	700 UNIVERSE BLVD, JUNO BEACH FL 33408
Adrian Hill	officer: EVP, Chief Investment Officer	6815 POPLAR AVE, SUITE 500, GERMANTOWN TN 38138
Campbell Albert M Iii	officer: EVP-Director of Finance	6584 POPLAR AVE., STE. 300, MEMPHIS TN 38138
Monica Houle Mcgurk	director	C/O BUNGE LIMITED, 1391 TIMBERLAKE MANOR PARKWAY, CHESTERFIELD MO 63017
Grimes Thomas L Jr	officer: EVP-Director of Property Mgm	6584 POPLAR AVE., STE. 300, MEMPHIS TN 38138
David P Stockert	director	4401 NORTHSIDE PARKWAY, SUITE 800, ATLANTA GA 30327-3057
Green Edith Kelly	director	3131 DEMOCRAT ROAD BLDG B206, MEMPHIS TN 38118
Russell R French	director	9 NORTH PARKWAY SQUARE, 4200 NORTHSIDE PARKWAY, ATLANTA GA 30327