Artis Real Estate Investment Trust (TSX:AX.PR.E.PFD) Days Payable

: 113.27 (As of Dec. 2023)

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Artis Real Estate Investment Trust's average Accounts Payable for the three months ended in Dec. 2023 was C$44.12 Mil. Artis Real Estate Investment Trust's Cost of Goods Sold for the three months ended in Dec. 2023 was C$35.54 Mil. Hence, Artis Real Estate Investment Trust's Days Payable for the three months ended in Dec. 2023 was 113.27.

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

TSX:AX.PR.E.PFD' s Days Payable Range Over the Past 10 Years
Min: 51.96 Med: 58.63 Max: 119.77
Current: 119.77

During the past 13 years, Artis Real Estate Investment Trust's highest Days Payable was 119.77. The lowest was 51.96. And the median was 58.63.

TSX:AX.PR.E.PFD's Days Payable is ranked worse than
51.61% of 527 companies
in the REITs industry
Industry Median: 125.84 vs TSX:AX.PR.E.PFD: 119.77

Artis Real Estate Investment Trust's Days Payable declined from Dec. 2022 (239.49) to Dec. 2023 (113.27). It may suggest that Artis Real Estate Investment Trust accelerated paying its suppliers.

Artis Real Estate Investment Trust Days Payable Historical Data

The historical data trend for Artis 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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Artis Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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62.91

71.62

72.47

74.36

57.95

Artis 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															239.49	97.97	160.23	173.85	113.27

Competitive Comparison

For the REIT - Diversified subindustry, Artis 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.

Artis Real Estate Investment Trust Days Payable Distribution

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

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

Artis 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.

Artis 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
=	( (29.473	+	18.735)	/	2 )	/	151.82	*	365
=	24.104					/	151.82	*	365
=	57.95

Artis 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
=	( (69.495	+	18.735)	/	2 )	/	35.54	*	365 / 4
=	44.115					/	35.54	*	365 / 4
=	113.27

Artis Real Estate Investment Trust Days Payable Related Terms

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Artis Real Estate Investment Trust (TSX:AX.PR.E.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Artis Real Estate Investment Trust (TSX:AX.PR.E.PFD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ARESF:USA AX.PR.I.PFD:Canada AX.UN:Canada

Address

220 Portage Avenue, Suite 600, Winnipeg, MB, CAN, R3C 0A5

Website

https://www.artisreit.com

Artis Real Estate Investment Trust is an unincorporated closed-end REIT based in Canada. Artis REIT's portfolio comprises properties located in Central and Western Canada and selects markets throughout the United States, including regions such as Alberta, British Columbia, Manitoba, Ontario, Saskatchewan, Arizona, Minnesota, Colorado, New York, and Wisconsin. The properties are divided into three categories: office, retail, and industrial. The industrial properties account for most of the portfolio, followed by the office properties and the retail properties.

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