Tribe Property Technologies (TSXV:TRBE) Days Payable : 18.02 (As of Dec. 2023)

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What is Tribe Property Technologies Days Payable?

Tribe Property Technologies's average Accounts Payable for the three months ended in Dec. 2023 was C$0.71 Mil. Tribe Property Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was C$3.57 Mil. Hence, Tribe Property Technologies's Days Payable for the three months ended in Dec. 2023 was 18.02.

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

TSXV:TRBE' s Days Payable Range Over the Past 10 Years
Min: 24.18 Med: 27.77 Max: 86.33
Current: 29.83

During the past 4 years, Tribe Property Technologies's highest Days Payable was 86.33. The lowest was 24.18. And the median was 27.77.

TSXV:TRBE's Days Payable is ranked worse than
81.19% of 1579 companies
in the Real Estate industry
Industry Median: 97.33 vs TSXV:TRBE: 29.83

Tribe Property Technologies's Days Payable declined from Dec. 2022 (19.19) to Dec. 2023 (18.02). It may suggest that Tribe Property Technologies accelerated paying its suppliers.

Tribe Property Technologies Days Payable Historical Data

The historical data trend for Tribe Property Technologies'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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Tribe Property Technologies Days Payable Chart

Tribe Property Technologies Annual Data

Trend

Apr20

Dec21

Dec22

Dec23

Days Payable

86.33

30.57

24.18

24.97

Tribe Property Technologies Quarterly Data
	Jan20	Apr20	Sep20	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial										19.19	26.43	-	18.51	18.02

Competitive Comparison of Tribe Property Technologies's Days Payable

For the Real Estate Services subindustry, Tribe Property Technologies'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.

Tribe Property Technologies's Days Payable Distribution in the Real Estate Industry

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

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

Tribe Property Technologies 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.

Tribe Property Technologies'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
=	( (0.852	+	0.817)	/	2 )	/	12.196	*	365
=	0.8345					/	12.196	*	365
=	24.97

Tribe Property Technologies'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
=	( (0.594	+	0.817)	/	2 )	/	3.572	*	365 / 4
=	0.7055					/	3.572	*	365 / 4
=	18.02

Tribe Property Technologies Days Payable Related Terms

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Tribe Property Technologies (TSXV:TRBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tribe Property Technologies Inc (TSXV:TRBE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TRPTF:USA

Address

1166 Alberni Street, Suite 1606, Vancouver, BC, CAN, V6E 3Z3

Website

https://www.tribetech.com

Tribe Property Technologies Inc is a property technology company engaged in offering technology-enabled property management services to meet the needs of developers, condominium and residential communities, owners and residents. As a tech-forward property management company, Tribe's integrated service-technology delivery model serves the needs of stakeholders than traditional service providers. The company's platform decreases customer acquisition costs, increases retention, and allows for the addition of value-added products and services through the platform.

Executives

Joseph Nakhla

10% Security Holder, Director, Senior Officer

Tribe Property Technologies (TSXV:TRBE) Headlines

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