Dream Residential REIT (Dream Residential REIT) Days Payable : 9.18 (As of Mar. 2024)

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What is Dream Residential REIT Days Payable?

Dream Residential REIT's average Accounts Payable for the three months ended in Mar. 2024 was $0.54 Mil. Dream Residential REIT's Cost of Goods Sold for the three months ended in Mar. 2024 was $5.38 Mil. Hence, Dream Residential REIT's Days Payable for the three months ended in Mar. 2024 was 9.18.

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

DRREF' s Days Payable Range Over the Past 10 Years
Min: 9.21 Med: 9.21 Max: 13.49
Current: 13.49

During the past 2 years, Dream Residential REIT's highest Days Payable was 13.49. The lowest was 9.21. And the median was 9.21.

DRREF's Days Payable is ranked worse than
94.07% of 523 companies
in the REITs industry
Industry Median: 128.46 vs DRREF: 13.49

Dream Residential REIT's Days Payable increased from Dec. 2022 (0.00) to Mar. 2024 (9.18). It may suggest that Dream Residential REIT delayed paying its suppliers.

Dream Residential REIT Days Payable Historical Data

The historical data trend for Dream Residential 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.

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Dream Residential REIT Days Payable Chart

Dream Residential REIT Annual Data

Trend

Dec22

Dec23

Days Payable

9.21

Dream Residential REIT Quarterly Data
	Feb22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial			-	4.33	3.68	-	9.18

Competitive Comparison of Dream Residential REIT's Days Payable

For the REIT - Residential subindustry, Dream Residential 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.

Dream Residential REIT's Days Payable Distribution in the REITs Industry

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

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

Dream Residential 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.

Dream Residential REIT'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
=	( (0.31	+	0.836)	/	2 )	/	22.711	*	365
=	0.573					/	22.711	*	365
=	9.21

Dream Residential REIT's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0.836	+	0.247)	/	2 )	/	5.381	*	365 / 4
=	0.5415					/	5.381	*	365 / 4
=	9.18

Dream Residential REIT Days Payable Related Terms

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Dream Residential REIT (Dream Residential REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Dream Residential REIT (OTCPK:DRREF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

DRR.U:Canada

Address

30 Adelaide Street East, Suite 301, Toronto, ON, CAN, M5C 3H1

Website

https://www.dream.ca

Dream Residential REIT is a Canada-based open-ended, real estate investment trust. It plans to acquire all of the issued and outstanding equity interests in special purpose entities, which collectively own more than 15 multi-residential rental properties. All of its properties are located in the United States.