Metrospaces (Metrospaces) Days Payable : 669.17 (As of Mar. 2016)

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What is Metrospaces Days Payable?

Metrospaces's average Accounts Payable for the three months ended in Mar. 2016 was $0.07 Mil. Metrospaces's Cost of Goods Sold for the three months ended in Mar. 2016 was $0.01 Mil. Hence, Metrospaces's Days Payable for the three months ended in Mar. 2016 was 669.17.

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

MSPC's Days Payable is not ranked ^*
in the Real Estate industry.
Industry Median: 97.02
* Ranked among companies with meaningful Days Payable only.

Metrospaces's Days Payable increased from Mar. 2015 (225.08) to Mar. 2016 (669.17). It may suggest that Metrospaces delayed paying its suppliers.

Metrospaces Days Payable Historical Data

The historical data trend for Metrospaces'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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Metrospaces Days Payable Chart

Metrospaces Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Days Payable

217.77

Metrospaces Quarterly Data
	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16
Days Payable	Get a 7-Day Free Trial										225.08	76.84	320.85	-	669.17

Competitive Comparison of Metrospaces's Days Payable

For the Real Estate Services subindustry, Metrospaces'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.

Metrospaces's Days Payable Distribution in the Real Estate Industry

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

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

Metrospaces 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.

Metrospaces's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

	Days Payable (A: Dec. 2015 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2014 )	+	Accounts Payable (A: Dec. 2015 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2015 )	*	Days in Period
=	( (0	+	0.071)	/	1 )	/	0.119	*	365
=	0.071					/	0.119	*	365
=	217.77

Metrospaces's Days Payable for the quarter that ended in Mar. 2016 is calculated as:

	Days Payable (Q: Mar. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2015 )	+	Accounts Payable (Q: Mar. 2016 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2016 )	*	Days in Period
=	( (0.071	+	0.061)	/	2 )	/	0.009	*	365 / 4
=	0.066					/	0.009	*	365 / 4
=	669.17

Metrospaces Days Payable Related Terms

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Metrospaces (Metrospaces) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Metrospaces Inc (OTCPK:MSPC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 St. Johns Lane, New York, USA, 10013

Website

http://www.metrospaces.com

Metrospaces Inc is a real estate developer. The company is engaged in the business of acquisition and repositioning of luxury resort properties and hotels. The firm also invests in real estate-based operating companies, such as hotel operators and real estate-based corporate reorganizations.

Executives

Oscar A Brito

director, 10 percent owner, officer: President

888 BRICKELL KEY DRIVE, 1102, MIAMI FL 33131