Crombie Real Estate Investment Trust (Crombie Real Estate Investment Trust) Days Payable : 66.04 (As of Dec. 2023)

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What is Crombie Real Estate Investment Trust Days Payable?

Crombie Real Estate Investment Trust's average Accounts Payable for the three months ended in Dec. 2023 was $24.3 Mil. Crombie Real Estate Investment Trust's Cost of Goods Sold for the three months ended in Dec. 2023 was $33.6 Mil. Hence, Crombie Real Estate Investment Trust's Days Payable for the three months ended in Dec. 2023 was 66.04.

The historical rank and industry rank for Crombie Real Estate Investment Trust's Days Payable or its related term are showing as below:

CROMF' s Days Payable Range Over the Past 10 Years
Min: 69.53 Med: 89.35 Max: 258.58
Current: 76.11

During the past 13 years, Crombie Real Estate Investment Trust's highest Days Payable was 258.58. The lowest was 69.53. And the median was 89.35.

CROMF's Days Payable is ranked worse than
64.05% of 523 companies
in the REITs industry
Industry Median: 126.29 vs CROMF: 76.11

Crombie Real Estate Investment Trust's Days Payable increased from Dec. 2022 (56.38) to Dec. 2023 (66.04). It may suggest that Crombie Real Estate Investment Trust delayed paying its suppliers.

Crombie Real Estate Investment Trust Days Payable Historical Data

The historical data trend for Crombie Real Estate Investment Trust'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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Crombie Real Estate Investment Trust Days Payable Chart

Crombie Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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93.37

68.38

77.86

82.71

75.10

Crombie Real Estate Investment Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															56.38	74.85	79.40	87.71	66.04

Competitive Comparison of Crombie Real Estate Investment Trust's Days Payable

For the REIT - Diversified subindustry, Crombie Real Estate Investment Trust'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.

Crombie Real Estate Investment Trust's Days Payable Distribution in the REITs Industry

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

* The bar in red indicates where Crombie Real Estate Investment Trust's Days Payable falls into.

Crombie Real Estate Investment Trust 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.

Crombie Real Estate Investment Trust'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
=	( (22.106	+	24.988)	/	2 )	/	114.436	*	365
=	23.547					/	114.436	*	365
=	75.10

Crombie Real Estate Investment Trust'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
=	( (23.632	+	24.988)	/	2 )	/	33.588	*	365 / 4
=	24.31					/	33.588	*	365 / 4
=	66.04

Crombie Real Estate Investment Trust Days Payable Related Terms

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Crombie Real Estate Investment Trust (Crombie Real Estate Investment Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Crombie Real Estate Investment Trust (OTCPK:CROMF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CRR.UN:Canada

Address

610 East River Road, Suite 200, New Glasgow, NS, CAN, B2H 3S2

Website

https://www.crombiereit.ca

Crombie Real Estate Investment Trust is a Canada-based open-end REIT that focuses on the retail industry. The company invests, operates, and develops a portfolio of grocery-store- and drugstore-anchored shopping centres, freestanding stores, offices, and mixed-use developments. The properties are located primarily in Canada's urban and suburban markets. Crombie's major tenants include retailers such as Sobeys, Shoppers Drug Mart, Cineplex, and Province of Nova Scotia. The company's property portfolio includes Aberdeen Business Centre, Barrington Place, Brunswick Place, Kenmount Business Centre, Barrington Tower, CIBC Building, Amherst Centre, Avalon Mall, County Fair Mall, and others.