Mitsubishi Estate Logistics REIT Investment (TSE:3481) Days Payable : 20.56 (As of Aug. 2023)

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What is Mitsubishi Estate Logistics REIT Investment Days Payable?

Mitsubishi Estate Logistics REIT Investment's average Accounts Payable for the six months ended in Aug. 2023 was 円313 Mil. Mitsubishi Estate Logistics REIT Investment's Cost of Goods Sold for the six months ended in Aug. 2023 was 円2,783 Mil. Hence, Mitsubishi Estate Logistics REIT Investment's Days Payable for the six months ended in Aug. 2023 was 20.56.

The historical rank and industry rank for Mitsubishi Estate Logistics REIT Investment's Days Payable or its related term are showing as below:

TSE:3481' s Days Payable Range Over the Past 10 Years
Min: 8.94 Med: 19.12 Max: 28.54
Current: 20.69

During the past 7 years, Mitsubishi Estate Logistics REIT Investment's highest Days Payable was 28.54. The lowest was 8.94. And the median was 19.12.

TSE:3481's Days Payable is ranked worse than
90.06% of 523 companies
in the REITs industry
Industry Median: 126.29 vs TSE:3481: 20.69

Mitsubishi Estate Logistics REIT Investment's Days Payable declined from Aug. 2022 (20.65) to Aug. 2023 (20.56). It may suggest that Mitsubishi Estate Logistics REIT Investment accelerated paying its suppliers.

Mitsubishi Estate Logistics REIT Investment Days Payable Historical Data

The historical data trend for Mitsubishi Estate Logistics REIT Investment'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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Mitsubishi Estate Logistics REIT Investment Days Payable Chart

Mitsubishi Estate Logistics REIT Investment Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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16.25

15.17

21.98

28.54

25.44

Mitsubishi Estate Logistics REIT Investment Semi-Annual Data
	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Days Payable	Get a 7-Day Free Trial									25.94	20.65	19.53	20.56	27.62

Competitive Comparison of Mitsubishi Estate Logistics REIT Investment's Days Payable

For the REIT - Industrial subindustry, Mitsubishi Estate Logistics REIT Investment'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.

Mitsubishi Estate Logistics REIT Investment's Days Payable Distribution in the REITs Industry

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

* The bar in red indicates where Mitsubishi Estate Logistics REIT Investment's Days Payable falls into.

Mitsubishi Estate Logistics REIT Investment 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.

Mitsubishi Estate Logistics REIT Investment's Days Payable for the fiscal year that ended in Aug. 2023 is calculated as

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (313.482	+	415.959)	/	2 )	/	5233.527	*	365
=	364.7205					/	5233.527	*	365
=	25.44

Mitsubishi Estate Logistics REIT Investment's Days Payable for the quarter that ended in Aug. 2023 is calculated as:

	Days Payable (Q: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Feb. 2023 )	+	Accounts Payable (Q: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
=	( (211.031	+	415.959)	/	2 )	/	2782.852	*	365 / 2
=	313.495					/	2782.852	*	365 / 2
=	20.56

Mitsubishi Estate Logistics REIT Investment Days Payable Related Terms

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Mitsubishi Estate Logistics REIT Investment (TSE:3481) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mitsubishi Estate Logistics REIT Investment Corp (TSE:3481) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-5-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

https://mel-reit.co.jp

Mitsubishi Estate Logistics REIT Investment Corp operates as a real estate investment trust with logistics facilities as its main investment target. Its portfolio consists of eight properties mainly located in Tokyo metropolitan area.

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