Canadian Apartment Properties Real Estate Investment Trust Days Payable : 34.64 (As of Dec. 2023)

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What is Canadian Apartment Properties Real Estate Investment Trust Days Payable?

Canadian Apartment Properties Real Estate Investment Trust's average Accounts Payable for the three months ended in Dec. 2023 was $31.5 Mil. Canadian Apartment Properties Real Estate Investment Trust's Cost of Goods Sold for the three months ended in Dec. 2023 was $82.9 Mil. Hence, Canadian Apartment Properties Real Estate Investment Trust's Days Payable for the three months ended in Dec. 2023 was 34.64.

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

CDPYF' s Days Payable Range Over the Past 10 Years
Min: 38.04 Med: 100.92 Max: 121.17
Current: 38.04

During the past 13 years, Canadian Apartment Properties Real Estate Investment Trust's highest Days Payable was 121.17. The lowest was 38.04. And the median was 100.92.

CDPYF's Days Payable is ranked worse than
81.59% of 527 companies
in the REITs industry
Industry Median: 125.84 vs CDPYF: 38.04

Canadian Apartment Properties Real Estate Investment Trust's Days Payable declined from Dec. 2022 (43.80) to Dec. 2023 (34.64). It may suggest that Canadian Apartment Properties Real Estate Investment Trust accelerated paying its suppliers.

Canadian Apartment Properties Real Estate Investment Trust Days Payable Historical Data

The historical data trend for Canadian Apartment Properties 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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Canadian Apartment Properties Real Estate Investment Trust Days Payable Chart

Canadian Apartment Properties Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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87.78

54.68

56.12

50.87

40.42

Canadian Apartment Properties 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															43.80	41.47	37.63	35.33	34.64

Competitive Comparison of Canadian Apartment Properties Real Estate Investment Trust's Days Payable

For the REIT - Residential subindustry, Canadian Apartment Properties 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.

Canadian Apartment Properties Real Estate Investment Trust's Days Payable Distribution in the REITs Industry

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

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

Canadian Apartment Properties 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.

Canadian Apartment Properties 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
=	( (40.716	+	31.086)	/	2 )	/	324.169	*	365
=	35.901					/	324.169	*	365
=	40.42

Canadian Apartment Properties 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
=	( (31.88	+	31.086)	/	2 )	/	82.945	*	365 / 4
=	31.483					/	82.945	*	365 / 4
=	34.64

Canadian Apartment Properties Real Estate Investment Trust Days Payable Related Terms

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Canadian Apartment Properties Real Estate Investment Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Canadian Apartment Properties Real Estate Investment Trust (OTCPK:CDPYF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CARUN:Mexico CAR.UN:Canada

Address

11 Church Street, Suite 401, Toronto, ON, CAN, M5E 1W1

Website

https://www.capreit.ca

Canadian Apartment Properties Real Estate Investment Trust, or CAPREIT, is a real estate investment trust primarily engaged in the acquisition and leasing of multiunit residential rental properties located near major urban centers across Canada. The company's real estate portfolio is mainly composed of apartments and townhouses situated near public amenities. Most of CAPREIT's holdings are aimed towards the midtier and luxury markets in terms of demographic segments. The company derives nearly all of its income in the form of rental revenue from leasing its properties to tenants. The majority of this revenue comes from assets located in the Greater Toronto and Greater Montreal regions. The buildings in these areas also contain the majority of CAPREIT's total housing units.

Canadian Apartment Properties Real Estate Investment Trust Headlines

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