Investore Property (NZSE:IPL) Days Payable : 167.23 (As of Mar. 2024)

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What is Investore Property Days Payable?

Investore Property's average Accounts Payable for the six months ended in Mar. 2024 was NZ$4.67 Mil. Investore Property's Cost of Goods Sold for the six months ended in Mar. 2024 was NZ$5.09 Mil. Hence, Investore Property's Days Payable for the six months ended in Mar. 2024 was 167.23.

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

NZSE:IPL' s Days Payable Range Over the Past 10 Years
Min: 11.79 Med: 15.17 Max: 133.43
Current: 133.43

During the past 7 years, Investore Property's highest Days Payable was 133.43. The lowest was 11.79. And the median was 15.17.

NZSE:IPL's Days Payable is ranked better than
50.86% of 523 companies
in the REITs industry
Industry Median: 129.64 vs NZSE:IPL: 133.43

Investore Property's Days Payable increased from Mar. 2023 (104.04) to Mar. 2024 (167.23). It may suggest that Investore Property delayed paying its suppliers.

Investore Property Days Payable Historical Data

The historical data trend for Investore Property'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.

* Premium members only.

Investore Property Days Payable Chart

Investore Property Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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17.06

12.17

13.28

11.79

7.49

Investore Property Semi-Annual Data
	Sep16	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial										106.77	62.02	104.04	102.87	167.23

Competitive Comparison of Investore Property's Days Payable

For the REIT - Retail subindustry, Investore Property'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.

Investore Property's Days Payable Distribution in the REITs Industry

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

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

Investore Property 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.

Investore Property's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (0.491	+	0.073)	/	2 )	/	13.741	*	365
=	0.282					/	13.741	*	365
=	7.49

Investore Property'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: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (9.259	+	0.073)	/	2 )	/	5.092	*	365 / 2
=	4.666					/	5.092	*	365 / 2
=	167.23

Investore Property Days Payable Related Terms

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Investore Property (NZSE:IPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Investore Property Ltd (NZSE:IPL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

34 Shortland Street, Level 12, Auckland, NZL, 1010

Website

https://www.investoreproperty.co.nz

Investore Property Ltd is a commercial property ownership business that has been established to invest in quality Large Format Retail property assets. Its Large Format Retail includes single-story or low-level properties comprising retail shops and outlets and car parking areas. The group is reported to have a single operating segment, being large format retail properties. The company derives revenue from Rental income.

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