HomeCo Daily Needs REIT (ASX:HDN) Days Payable : 15.72 (As of Dec. 2023)

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What is HomeCo Daily Needs REIT Days Payable?

HomeCo Daily Needs REIT's average Accounts Payable for the six months ended in Dec. 2023 was A$4.9 Mil. HomeCo Daily Needs REIT's Cost of Goods Sold for the six months ended in Dec. 2023 was A$56.3 Mil. Hence, HomeCo Daily Needs REIT's Days Payable for the six months ended in Dec. 2023 was 15.72.

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

ASX:HDN' s Days Payable Range Over the Past 10 Years
Min: 17.78 Med: 101.66 Max: 147.4
Current: 17.78

During the past 2 years, HomeCo Daily Needs REIT's highest Days Payable was 147.40. The lowest was 17.78. And the median was 101.66.

ASX:HDN's Days Payable is ranked worse than
92.6% of 527 companies
in the REITs industry
Industry Median: 126.04 vs ASX:HDN: 17.78

HomeCo Daily Needs REIT's Days Payable declined from Dec. 2022 (58.12) to Dec. 2023 (15.72). It may suggest that HomeCo Daily Needs REIT accelerated paying its suppliers.

HomeCo Daily Needs REIT Days Payable Historical Data

The historical data trend for HomeCo Daily Needs 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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HomeCo Daily Needs REIT Days Payable Chart

HomeCo Daily Needs REIT Annual Data

Trend

Jun22

Jun23

Days Payable

147.40

55.92

HomeCo Daily Needs REIT Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	38.09	64.40	58.12	23.41	15.72

Competitive Comparison of HomeCo Daily Needs REIT's Days Payable

For the REIT - Retail subindustry, HomeCo Daily Needs 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.

HomeCo Daily Needs REIT's Days Payable Distribution in the REITs Industry

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

* The bar in red indicates where HomeCo Daily Needs REIT's Days Payable falls into.

HomeCo Daily Needs 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.

HomeCo Daily Needs REIT's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (25.2	+	7.8)	/	2 )	/	107.7	*	365
=	16.5					/	107.7	*	365
=	55.92

HomeCo Daily Needs 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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (7.8	+	1.9)	/	2 )	/	56.3	*	365 / 2
=	4.85					/	56.3	*	365 / 2
=	15.72

HomeCo Daily Needs REIT Days Payable Related Terms

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HomeCo Daily Needs REIT (ASX:HDN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » HomeCo Daily Needs REIT (ASX:HDN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Macquarie Place, Level 7, Gateway, Sydney, NSW, AUS, 2000

Website

https://www.home-co.com.au

HomeCo Daily Needs REIT, or HomeCo, is an externally managed property trust run by HMC Capital which also runs HealthCo Healthcare and Wellness REIT and unlisted funds. HomeCo targets 50% of assets in neighbourhood malls, 30% large-format, and 20% in health and services. After merging with Aventus Retail REIT in 2022, HomeCo is overweight large-format (just under half its portfolio) and underweight neighbourhood (one third of the portfolio), with health and services slightly below target. The plan is to move back to the target via redevelopment and tenant remixing, and potentially acquisitions. HomeCo seeks tenant leases before commencing developments, so we expect development opportunities will arise gradually, as population growth adds demand in HomeCo's catchments.

HomeCo Daily Needs REIT (ASX:HDN) Headlines

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