Westfield (Westfield) Days Payable : 9.11 (As of Dec. 2017)

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What is Westfield Days Payable?

Westfield's average Accounts Payable for the six months ended in Dec. 2017 was $38.2 Mil. Westfield's Cost of Goods Sold for the six months ended in Dec. 2017 was $766.0 Mil. Hence, Westfield's Days Payable for the six months ended in Dec. 2017 was 9.11.

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

WFGPY's Days Payable is not ranked ^*
in the REITs industry.
Industry Median: 125.84
* Ranked among companies with meaningful Days Payable only.

Westfield's Days Payable declined from Dec. 2016 (10.80) to Dec. 2017 (9.11). It may suggest that Westfield accelerated paying its suppliers.

Westfield Days Payable Historical Data

The historical data trend for Westfield'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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Westfield Days Payable Chart

Westfield Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Days Payable

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62.46

87.07

20.86

17.37

14.97

Westfield Semi-Annual Data
	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17
Days Payable	Get a 7-Day Free Trial															12.40	68.06	10.80	44.71	9.11

Competitive Comparison of Westfield's Days Payable

For the REIT - Retail subindustry, Westfield'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.

Westfield's Days Payable Distribution in the REITs Industry

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

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

Westfield 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.

Westfield's Days Payable for the fiscal year that ended in Dec. 2017 is calculated as

	Days Payable (A: Dec. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2016 )	+	Accounts Payable (A: Dec. 2017 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2017 )	*	Days in Period
=	( (29.65	+	43.715)	/	2 )	/	894.691	*	365
=	36.6825					/	894.691	*	365
=	14.97

Westfield's Days Payable for the quarter that ended in Dec. 2017 is calculated as:

	Days Payable (Q: Dec. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2017 )	+	Accounts Payable (Q: Dec. 2017 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2017 )	*	Days in Period
=	( (32.747	+	43.715)	/	2 )	/	765.978	*	365 / 2
=	38.231					/	765.978	*	365 / 2
=	9.11

Westfield Days Payable Related Terms

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Westfield (Westfield) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Westfield Corp (OTCPK:WFGPY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.westfieldcorp.com

Westfield is one of the largest global retail REITs, with interests in 35 malls with a gross value of USD 21.4 billion and external assets under management of USD 13 billion. Westfield's passive investments generate about 80% of group EBIT, with the balance derived from management fees and development income. It differs from peers by developing malls in signature locations, and aims to make each of its assets into a destination centre, with comprehensive entertainment facilities and premium retailers.

Westfield (Westfield) Headlines

From GuruFocus

Westfield Is Amongst the Best Mall Stocks in the World

By Holmes Osborne, CFA Holmes Osborne, CFA • 09-28-2016