Allied Properties Real Estate Investment Trust (TSX:AP.UN) Days Payable : 350.85 (As of Dec. 2023)

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What is Allied Properties Real Estate Investment Trust Days Payable?

Allied Properties Real Estate Investment Trust's average Accounts Payable for the three months ended in Dec. 2023 was C$265.4 Mil. Allied Properties Real Estate Investment Trust's Cost of Goods Sold for the three months ended in Dec. 2023 was C$69.0 Mil. Hence, Allied Properties Real Estate Investment Trust's Days Payable for the three months ended in Dec. 2023 was 350.85.

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

TSX:AP.UN' s Days Payable Range Over the Past 10 Years
Min: 153.23 Med: 254.81 Max: 390.96
Current: 386.73

During the past 13 years, Allied Properties Real Estate Investment Trust's highest Days Payable was 390.96. The lowest was 153.23. And the median was 254.81.

TSX:AP.UN's Days Payable is ranked better than
83.68% of 527 companies
in the REITs industry
Industry Median: 125.84 vs TSX:AP.UN: 386.73

Allied Properties Real Estate Investment Trust's Days Payable declined from Dec. 2022 (370.64) to Dec. 2023 (350.85). It may suggest that Allied Properties Real Estate Investment Trust accelerated paying its suppliers.

Allied Properties Real Estate Investment Trust Days Payable Historical Data

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

Allied Properties Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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262.92

246.70

311.89

346.86

390.96

Allied 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															370.64	373.98	418.04	406.90	350.85

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

For the REIT - Office subindustry, Allied 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.

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

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

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

Allied 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.

Allied 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
=	( (245.675	+	283.346)	/	2 )	/	246.949	*	365
=	264.5105					/	246.949	*	365
=	390.96

Allied 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
=	( (247.475	+	283.346)	/	2 )	/	69.029	*	365 / 4
=	265.4105					/	69.029	*	365 / 4
=	350.85

Allied Properties Real Estate Investment Trust Days Payable Related Terms

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Allied Properties Real Estate Investment Trust (TSX:AP.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Allied Properties Real Estate Investment Trust (TSX:AP.UN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

APYRF:USA 5G8:Germany

Address

134 Peter Street, Suite 1700, Toronto, ON, CAN, M5V 2H2

Website

https://www.alliedreit.com

Allied Properties Real Estate Investment Trust is a real estate investment trust engaged in the development, management, and ownership of primarily urban office environments across Canada's major cities. Most of the total square footage in the company's real estate portfolio is located in Toronto and Montreal. Allied Properties derives nearly all of its income in the form of rental revenue from tenants in its properties. The majority of this revenue comes from its assets located in Central Canada. Allied Properties' major tenants include IT, banking, government, marketing, and telecommunications firms. The company also controls a number of telecommunications/IT and retail properties within its real estate portfolio.

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