Flagship Communities REIT (TSX:MHC.U) Days Payable : 24.26 (As of Dec. 2023)

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What is Flagship Communities REIT Days Payable?

Flagship Communities REIT's average Accounts Payable for the three months ended in Dec. 2023 was $1.81 Mil. Flagship Communities REIT's Cost of Goods Sold for the three months ended in Dec. 2023 was $6.81 Mil. Hence, Flagship Communities REIT's Days Payable for the three months ended in Dec. 2023 was 24.26.

The historical rank and industry rank for Flagship Communities REIT's Days Payable or its related term are showing as below:

TSX:MHC.U' s Days Payable Range Over the Past 10 Years
Min: 8.89 Med: 15.81 Max: 19.95
Current: 14.24

During the past 6 years, Flagship Communities REIT's highest Days Payable was 19.95. The lowest was 8.89. And the median was 15.81.

TSX:MHC.U's Days Payable is ranked worse than
93.74% of 527 companies
in the REITs industry
Industry Median: 126.04 vs TSX:MHC.U: 14.24

Flagship Communities REIT's Days Payable increased from Dec. 2022 (9.22) to Dec. 2023 (24.26). It may suggest that Flagship Communities REIT delayed paying its suppliers.

Flagship Communities REIT Days Payable Historical Data

The historical data trend for Flagship Communities REIT'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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Flagship Communities REIT Days Payable Chart

Flagship Communities REIT Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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8.89

19.95

12.45

19.17

Flagship Communities REIT Quarterly Data
	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial													9.22	8.30	6.02	11.48	24.26

Competitive Comparison of Flagship Communities REIT's Days Payable

For the REIT - Residential subindustry, Flagship Communities REIT'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.

Flagship Communities REIT's Days Payable Distribution in the REITs Industry

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

* The bar in red indicates where Flagship Communities REIT's Days Payable falls into.

Flagship Communities REIT 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.

Flagship Communities REIT'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
=	( (0.409	+	2.177)	/	2 )	/	24.621	*	365
=	1.293					/	24.621	*	365
=	19.17

Flagship Communities REIT'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
=	( (1.443	+	2.177)	/	2 )	/	6.808	*	365 / 4
=	1.81					/	6.808	*	365 / 4
=	24.26

Flagship Communities REIT Days Payable Related Terms

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Flagship Communities REIT (TSX:MHC.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Flagship Communities REIT (TSX:MHC.U) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MHCUF:USA MHC.UN:Canada

Address

467 Erlanger Road, Erlanger, KY, USA, 41018

Website

https://www.flagshipcommunities.com

Flagship Communities REIT is an open-ended real estate investment trust. It is formed for the purpose of owning and operating a portfolio of income-producing manufactured housing communities and related assets. The objective of the trust is to provide unitholders with predictable, sustainable and growing cash distributions. The company owns, manages and operates multifamily properties located in the United States.

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