Goodman Property Trust (NZSE:GMT) Days Payable : 5.82 (As of Sep. 2023)

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What is Goodman Property Trust Days Payable?

Goodman Property Trust's average Accounts Payable for the six months ended in Sep. 2023 was NZ$0.9 Mil. Goodman Property Trust's Cost of Goods Sold for the six months ended in Sep. 2023 was NZ$28.2 Mil. Hence, Goodman Property Trust's Days Payable for the six months ended in Sep. 2023 was 5.82.

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

NZSE:GMT' s Days Payable Range Over the Past 10 Years
Min: 3.87 Med: 6.7 Max: 23.48
Current: 8.6

During the past 13 years, Goodman Property Trust's highest Days Payable was 23.48. The lowest was 3.87. And the median was 6.70.

NZSE:GMT's Days Payable is ranked worse than
96.17% of 522 companies
in the REITs industry
Industry Median: 128.345 vs NZSE:GMT: 8.60

Goodman Property Trust's Days Payable declined from Sep. 2022 (12.98) to Sep. 2023 (5.82). It may suggest that Goodman Property Trust accelerated paying its suppliers.

Goodman Property Trust Days Payable Historical Data

The historical data trend for Goodman Property Trust'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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Goodman Property Trust Days Payable Chart

Goodman Property Trust Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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5.43

8.94

7.56

7.32

9.06

Goodman Property Trust Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															76.17	47.13	12.98	5.64	5.82

Competitive Comparison of Goodman Property Trust's Days Payable

For the REIT - Industrial subindustry, Goodman Property Trust'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.

Goodman Property Trust's Days Payable Distribution in the REITs Industry

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

* The bar in red indicates where Goodman Property Trust's Days Payable falls into.

Goodman Property Trust 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.

Goodman Property Trust's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (1.8	+	0.9)	/	2 )	/	54.4	*	365
=	1.35					/	54.4	*	365
=	9.06

Goodman Property Trust's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.9	+	0)	/	1 )	/	28.2	*	365 / 2
=	0.9					/	28.2	*	365 / 2
=	5.82

Goodman Property Trust Days Payable Related Terms

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Goodman Property Trust (NZSE:GMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Goodman Property Trust (NZSE:GMT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

The Hayesbery, 1-11 Hayes Road, Rosebery, Sydney, NSW, AUS, 2018

Website

https://www.goodman.com

Goodman Property Trust is one of New Zealand's property trusts, with a portfolio composed of industrial estates, businesses, and a development bank. After selling its Christchurch assets, Goodman is 100% Auckland-centric. The focus over the next few years will be on selling lower-quality assets and redeploying capital to industrial property in strategically important locations. The investment strategy is premised on management's view that industrial assets in premium locations will generate superior long-term returns from lower average vacancy and higher rent growth.

Goodman Property Trust (NZSE:GMT) Headlines

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