Tier REIT (Tier REIT) Days Payable : 520.17 (As of Mar. 2019)

View and export this data going back to 2015. Start your Free Trial

What is Tier REIT Days Payable?

Tier REIT's average Accounts Payable for the three months ended in Mar. 2019 was $63.4 Mil. Tier REIT's Cost of Goods Sold for the three months ended in Mar. 2019 was $11.1 Mil. Hence, Tier REIT's Days Payable for the three months ended in Mar. 2019 was 520.17.

The historical rank and industry rank for Tier REIT's Days Payable or its related term are showing as below:

TIER's Days Payable is not ranked ^*
in the REITs industry.
Industry Median: 128.505
* Ranked among companies with meaningful Days Payable only.

Tier REIT's Days Payable increased from Mar. 2018 (0.00) to Mar. 2019 (520.17). It may suggest that Tier REIT delayed paying its suppliers.

Tier REIT Days Payable Historical Data

The historical data trend for Tier REIT'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.

Tier REIT Days Payable Chart

Tier REIT Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Days Payable

Get a 7-Day Free Trial

12.65

101.07

362.55

483.98

Tier REIT Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
Days Payable	Get a 7-Day Free Trial															-	604.94	538.17	525.86	520.17

Competitive Comparison of Tier REIT's Days Payable

For the REIT - Office subindustry, Tier REIT'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.

Tier REIT's Days Payable Distribution in the REITs Industry

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

* The bar in red indicates where Tier REIT's Days Payable falls into.

Tier REIT 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.

Tier REIT's Days Payable for the fiscal year that ended in Dec. 2018 is calculated as

	Days Payable (A: Dec. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2017 )	+	Accounts Payable (A: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2018 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	52.012	*	365
=	0					/	52.012	*	365
=	0.00

Tier REIT's Days Payable for the quarter that ended in Mar. 2019 is calculated as:

	Days Payable (Q: Mar. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2018 )	+	Accounts Payable (Q: Mar. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2019 )	*	Days in Period
=	( (0	+	63.35)	/	1 )	/	11.113	*	365 / 4
=	63.35					/	11.113	*	365 / 4
=	520.17

Tier REIT Days Payable Related Terms

Thank you for viewing the detailed overview of Tier REIT's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Tier REIT (Tier REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Tier REIT Inc (NYSE:TIER) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5950 Sherry Lane, Suite 700, Dallas, TX, USA, 75225

Website

http://www.tierreit.com

Tier REIT Inc is a Dallas-based real estate investment trust. Its current business consists of owning, acquiring, developing, operating, investing in, and disposing of real estate assets. The company owns interests in nearly 29 operating office properties, one non-operating property, and one development property located in thirteen markets throughout the United States. Its property portfolio comprises 500 East Pratt, 5950 Sherry Lane, Bank of America Plaza, Centreport Office Center, Eldridge Place, among others.

Executives

Scott W Fordham	director, officer: Chief Executive Officer	5950 SHERRY LANE, SUITE 700, DALLAS TX 75225
Christie B. Kelly	director	600 E. 96TH ST., #100, INDIANAPOLIS IN 46240
Griffin R Kent Jr	director	5950 SHERRY LANE, SUITE 700, DALLAS TX 75225
Richard I Gilchrist	director	5950 SHERRY LANE, SUITE 700, DALLAS TX 75225
Thomas M Herzog	director	1920 MAIN STREET, SUITE 1200, IRVINE CA 92614
M Jason Mattox	director	1323 NORTH STEMMONS FREEWAY SUITE 200, DALLAS TX 75207
Thomas P Simon	officer: Senior Vice President/Finance	1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129
Michael A Ernst	officer: Chief Financial Officer	5914 NORWAY RD, DALLAS TX 75230
Thomas F August	officer: Chief Operating Officer	6214 PARK LANE, DALLAS TX 75225
Reihsen Gerald J Iii	officer: Executive VP - Corporate, other: Develop. & Legal and Secretary	14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254