Essex Property Trust (Essex Property Trust) Days Payable : 133.90 (As of Dec. 2023)

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What is Essex Property Trust Days Payable?

Essex Property Trust's average Accounts Payable for the three months ended in Dec. 2023 was $195.80 Mil. Essex Property Trust's Cost of Goods Sold for the three months ended in Dec. 2023 was $133.43 Mil. Hence, Essex Property Trust's Days Payable for the three months ended in Dec. 2023 was 133.90.

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

ESS.PRH.CL.PFD' s Days Payable Range Over the Past 10 Years
Min: 111.58 Med: 120.21 Max: 133.84
Current: 128.88

During the past 13 years, Essex Property Trust's highest Days Payable was 133.84. The lowest was 111.58. And the median was 120.21.

ESS.PRH.CL.PFD's Days Payable is ranked better than
51.42% of 527 companies
in the REITs industry
Industry Median: 125.84 vs ESS.PRH.CL.PFD: 128.88

Essex Property Trust's Days Payable declined from Dec. 2022 (138.47) to Dec. 2023 (133.90). It may suggest that Essex Property Trust accelerated paying its suppliers.

Essex Property Trust Days Payable Historical Data

The historical data trend for Essex Property 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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Essex Property Trust Days Payable Chart

Essex Property Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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120.84

119.45

126.46

124.38

117.42

Essex Property 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															138.47	129.26	133.03	130.79	133.90

Competitive Comparison of Essex Property Trust's Days Payable

For the REIT - Residential subindustry, Essex Property 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.

Essex Property Trust's Days Payable Distribution in the REITs Industry

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

* The bar in red indicates where Essex Property Trust's Days Payable falls into.

Essex Property 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.

Essex Property 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
=	( (165.461	+	176.401)	/	2 )	/	531.351	*	365
=	170.931					/	531.351	*	365
=	117.42

Essex Property 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
=	( (215.201	+	176.401)	/	2 )	/	133.432	*	365 / 4
=	195.801					/	133.432	*	365 / 4
=	133.90

Essex Property Trust Days Payable Related Terms

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Essex Property Trust (Essex Property Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Essex Property Trust Inc (NYSE:ESS.PRH.CL.PFD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ESS:USA EXP:Germany E1SS34:Brazil

Address

1100 Park Place, Suite 200, San Mateo, CA, USA, 94403

Website

http://www.essex.com

Essex Property Trust owns a portfolio of 252 apartment communities with over 62,000 units and is developing another property with 264 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.