Marwest Apartment REIT (TSXV:MAR.UN) Days Payable : 10.12 (As of Dec. 2023)

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What is Marwest Apartment REIT Days Payable?

Marwest Apartment REIT's average Accounts Payable for the three months ended in Dec. 2023 was C$0.10 Mil. Marwest Apartment REIT's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.90 Mil. Hence, Marwest Apartment REIT's Days Payable for the three months ended in Dec. 2023 was 10.12.

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

TSXV:MAR.UN' s Days Payable Range Over the Past 10 Years
Min: 11.09 Med: 11.76 Max: 12.54
Current: 11.77

During the past 4 years, Marwest Apartment REIT's highest Days Payable was 12.54. The lowest was 11.09. And the median was 11.76.

TSXV:MAR.UN's Days Payable is ranked worse than
94.84% of 523 companies
in the REITs industry
Industry Median: 129.64 vs TSXV:MAR.UN: 11.77

Marwest Apartment REIT's Days Payable declined from Dec. 2022 (13.43) to Dec. 2023 (10.12). It may suggest that Marwest Apartment REIT accelerated paying its suppliers.

Marwest Apartment REIT Days Payable Historical Data

The historical data trend for Marwest Apartment 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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Marwest Apartment REIT Days Payable Chart

Marwest Apartment REIT Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

11.09

12.54

11.76

Marwest Apartment REIT Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial									13.43	11.96	-	-	10.12

Competitive Comparison of Marwest Apartment REIT's Days Payable

For the REIT - Residential subindustry, Marwest Apartment 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.

Marwest Apartment REIT's Days Payable Distribution in the REITs Industry

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

* The bar in red indicates where Marwest Apartment REIT's Days Payable falls into.

Marwest Apartment 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.

Marwest Apartment 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
=	( (0.132	+	0.1)	/	2 )	/	3.599	*	365
=	0.116					/	3.599	*	365
=	11.76

Marwest Apartment REIT's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	0.1)	/	1 )	/	0.902	*	365 / 4
=	0.1					/	0.902	*	365 / 4
=	10.12

Marwest Apartment REIT Days Payable Related Terms

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Marwest Apartment REIT (TSXV:MAR.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Marwest Apartment REIT (TSXV:MAR.UN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

220 Portage Avenue, Suite 500, Winnipeg, MB, CAN, R3C 0A5

Website

http://www.marwest.ca

Marwest Apartment REIT is an open-ended real estate investment trust. The trust is focused on acquiring multi-family residential real estate in Western Canada.

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