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RAM Essential Services Property Fund (ASX:REP) Days Payable : 136.14 (As of Dec. 2023)


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What is RAM Essential Services Property Fund Days Payable?

RAM Essential Services Property Fund's average Accounts Payable for the six months ended in Dec. 2023 was A$6.63 Mil. RAM Essential Services Property Fund's Cost of Goods Sold for the six months ended in Dec. 2023 was A$8.88 Mil. Hence, RAM Essential Services Property Fund's Days Payable for the six months ended in Dec. 2023 was 136.14.

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

ASX:REP' s Days Payable Range Over the Past 10 Years
Min: 67.15   Med: 257.23   Max: 447.3
Current: 180.09

During the past 2 years, RAM Essential Services Property Fund's highest Days Payable was 447.30. The lowest was 67.15. And the median was 257.23.

ASX:REP's Days Payable is ranked better than
70.6% of 466 companies
in the Asset Management industry
Industry Median: 69.44 vs ASX:REP: 180.09

RAM Essential Services Property Fund's Days Payable declined from Dec. 2022 (267.50) to Dec. 2023 (136.14). It may suggest that RAM Essential Services Property Fund accelerated paying its suppliers.

RAM Essential Services Property Fund Days Payable Historical Data

The historical data trend for RAM Essential Services Property Fund'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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RAM Essential Services Property Fund Days Payable Chart

RAM Essential Services Property Fund Annual Data
Trend Jun22 Jun23
Days Payable
447.30 67.15

RAM Essential Services Property Fund Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Days Payable 1,628.85 1,020.46 267.50 134.57 136.14

Competitive Comparison of RAM Essential Services Property Fund's Days Payable

For the Asset Management subindustry, RAM Essential Services Property Fund'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.

RAM Essential Services Property Fund's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, RAM Essential Services Property Fund's Days Payable distribution charts can be found below:

* The bar in red indicates where RAM Essential Services Property Fund's Days Payable falls into.


RAM Essential Services Property Fund 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.

RAM Essential Services Property Fund'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
=( (7.147 + 0.042) / 2 ) / 19.539*365
=3.5945 / 19.539*365
=67.15

RAM Essential Services Property Fund'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
=( (0.042 + 13.209) / 2 ) / 8.882*365 / 2
=6.6255 / 8.882*365 / 2
=136.14

* 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.

RAM Essential Services Property Fund Days Payable Related Terms

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RAM Essential Services Property Fund (ASX:REP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RAM Essential Services Property Fund (ASX:REP) » Definitions » Days Payable
Comparable Companies
ASX:GDC ASX:FID ASX:ENN ASX:EZL ASX:QVE ASX:WMA ASX:GVF ASX:TGF ASX:TGP ASX:WAX BLK BX OSTO:INVE A KKR TSX:BN APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
Australia Square 264 George Street, Suite 3201, Level 32, Sydney, NSW, AUS, 2000
Website
https://www.ramgroup.com
RAM Essential Services Property Fund invests in high-quality Australian medical and essential retail real estate assets, leased to essential services tenants. Its objective is to provide investors with stable and secure income with the potential for both income and capital growth through exposure to high quality, defensive portfolio of assets with favourable sector trends.

RAM Essential Services Property Fund (ASX:REP) Headlines

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