Hotel Property Investments (ASX:HPI) Days Payable : 220.14 (As of Dec. 2023)

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What is Hotel Property Investments Days Payable?

Hotel Property Investments's average Accounts Payable for the six months ended in Dec. 2023 was A$8.26 Mil. Hotel Property Investments's Cost of Goods Sold for the six months ended in Dec. 2023 was A$6.85 Mil. Hence, Hotel Property Investments's Days Payable for the six months ended in Dec. 2023 was 220.14.

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

ASX:HPI' s Days Payable Range Over the Past 10 Years
Min: 0.46 Med: 6.74 Max: 292.48
Current: 292.48

During the past 10 years, Hotel Property Investments's highest Days Payable was 292.48. The lowest was 0.46. And the median was 6.74.

ASX:HPI's Days Payable is ranked better than
77.84% of 528 companies
in the REITs industry
Industry Median: 128.505 vs ASX:HPI: 292.48

Hotel Property Investments's Days Payable increased from Dec. 2022 (205.30) to Dec. 2023 (220.14). It may suggest that Hotel Property Investments delayed paying its suppliers.

Hotel Property Investments Days Payable Historical Data

The historical data trend for Hotel Property Investments'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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Hotel Property Investments Days Payable Chart

Hotel Property Investments Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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1.88

1.30

0.46

7.58

13.14

Hotel Property Investments Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															139.57	138.46	205.30	225.36	220.14

Competitive Comparison of Hotel Property Investments's Days Payable

For the REIT - Diversified subindustry, Hotel Property Investments'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.

Hotel Property Investments's Days Payable Distribution in the REITs Industry

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

* The bar in red indicates where Hotel Property Investments's Days Payable falls into.

Hotel Property Investments 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.

Hotel Property Investments's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.454	+	0.453)	/	2 )	/	12.595	*	365
=	0.4535					/	12.595	*	365
=	13.14

Hotel Property Investments'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.453	+	16.07)	/	2 )	/	6.849	*	365 / 2
=	8.2615					/	6.849	*	365 / 2
=	220.14

Hotel Property Investments Days Payable Related Terms

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Hotel Property Investments (ASX:HPI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Hotel Property Investments (ASX:HPI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 City Road, Suite 2, Level 17, IBM Centre, Southbank, Melbourne, VIC, AUS, 3006

Website

https://www.hpitrust.com.au

Hotel Property Investments is an Australian REIT with a portfolio of freehold pub properties primarily in Queensland. Its portfolio is almost exclusively leased to Queensland Venue Co. on triple-net long-term leases where the tenant is responsible for outgoings (except land tax in Queensland), resulting in relatively low maintenance expenses. Most leases also provide for annual rental increases typically at the lower of 4% or two times the average of the last five years consumer price index.