Gladstone Land (Gladstone Land) Days Payable

: 626.94 (As of Dec. 2023)

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Gladstone Land's average Accounts Payable for the three months ended in Dec. 2023 was $10.01 Mil. Gladstone Land's Cost of Goods Sold for the three months ended in Dec. 2023 was $1.46 Mil. Hence, Gladstone Land's Days Payable for the three months ended in Dec. 2023 was 626.94.

The historical rank and industry rank for Gladstone Land's Days Payable or its related term are showing as below:

LANDP.PFD' s Days Payable Range Over the Past 10 Years
Min: 1043.6 Med: 1429.57 Max: 1897.39
Current: 1043.6

During the past 13 years, Gladstone Land's highest Days Payable was 1897.39. The lowest was 1043.60. And the median was 1429.57.

LANDP.PFD's Days Payable is ranked better than
95.45% of 527 companies
in the REITs industry
Industry Median: 125.84 vs LANDP.PFD: 1043.60

Gladstone Land's Days Payable declined from Dec. 2022 (1,773.89) to Dec. 2023 (626.94). It may suggest that Gladstone Land accelerated paying its suppliers.

Gladstone Land Days Payable Historical Data

The historical data trend for Gladstone Land'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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Gladstone Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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1,423.10

1,897.39

1,436.04

1,757.02

1,153.99

Gladstone Land 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															1,773.89	1,049.21	1,222.67	1,490.73	626.94

Competitive Comparison

For the REIT - Specialty subindustry, Gladstone Land'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.

Gladstone Land Days Payable Distribution

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

* The bar in red indicates where Gladstone Land's Days Payable falls into.

Gladstone Land 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.

Gladstone Land'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
=	( (16.266	+	10.298)	/	2 )	/	4.201	*	365
=	13.282					/	4.201	*	365
=	1,153.99

Gladstone Land'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
=	( (9.723	+	10.298)	/	2 )	/	1.457	*	365 / 4
=	10.0105					/	1.457	*	365 / 4
=	626.94

Gladstone Land Days Payable Related Terms

Thank you for viewing the detailed overview of Gladstone Land's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Gladstone Land (Gladstone Land) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Gladstone Land Corp (NAS:LANDP.PFD) » Definitions » Days Payable

Comparable Companies

FPI NLCP AFCG CORR PW UNIT OUT HASI AMT EQIX CCI DLR SBAC WY IRM GLPI LAMR RYN PCH EPR

Traded in Other Exchanges

LANDM.PFD:USA LANDO.PFD:USA LAND:USA 3L4:Germany

Address

1521 Westbranch Drive, Suite 100, McLean, VA, USA, 22102

Website

https://www.gladstonefarms.com

Gladstone Land Corp is an externally-managed, agricultural REIT. It is mainly in the business of owning and leasing farmland. It manages operations in one reporting segment. It is focused on the ownership of high-quality farms and farm-related properties that are leased on a triple-net basis to tenants with a strong operating history and deep farming resources. The farmland is predominantly concentrated in locations where farmers are able to grow either fresh produce annual row crops (e.g., certain berries and vegetables), which are typically planted and harvested annually, or certain permanent crops (e.g., almonds, blueberries, pistachios, and wine grapes). To a much lesser extent, it also own farms that grow certain commodity crops (e.g., corn and beans).