Minto Apartment REIT (TSX:MI.UN) Days Payable : 199.63 (As of Mar. 2024)

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What is Minto Apartment REIT Days Payable?

Minto Apartment REIT's average Accounts Payable for the three months ended in Mar. 2024 was C$31.7 Mil. Minto Apartment REIT's Cost of Goods Sold for the three months ended in Mar. 2024 was C$14.5 Mil. Hence, Minto Apartment REIT's Days Payable for the three months ended in Mar. 2024 was 199.63.

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

TSX:MI.UN' s Days Payable Range Over the Past 10 Years
Min: 27.49 Med: 55.47 Max: 180.13
Current: 170.1

During the past 9 years, Minto Apartment REIT's highest Days Payable was 180.13. The lowest was 27.49. And the median was 55.47.

TSX:MI.UN's Days Payable is ranked better than
61.69% of 522 companies
in the REITs industry
Industry Median: 128.345 vs TSX:MI.UN: 170.10

Minto Apartment REIT's Days Payable increased from Mar. 2023 (157.60) to Mar. 2024 (199.63). It may suggest that Minto Apartment REIT delayed paying its suppliers.

Minto Apartment REIT Days Payable Historical Data

The historical data trend for Minto Apartment 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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Minto Apartment REIT Days Payable Chart

Minto Apartment REIT Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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48.56

54.85

123.95

171.00

180.13

Minto Apartment REIT Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															157.60	159.17	174.23	180.82	199.63

Competitive Comparison of Minto Apartment REIT's Days Payable

For the REIT - Residential subindustry, Minto Apartment 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.

Minto Apartment REIT's Days Payable Distribution in the REITs Industry

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

* The bar in red indicates where Minto Apartment REIT's Days Payable falls into.

Minto Apartment 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.

Minto Apartment 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
=	( (28.689	+	29.306)	/	2 )	/	58.757	*	365
=	28.9975					/	58.757	*	365
=	180.13

Minto Apartment REIT's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (29.306	+	34.133)	/	2 )	/	14.499	*	365 / 4
=	31.7195					/	14.499	*	365 / 4
=	199.63

Minto Apartment REIT Days Payable Related Terms

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Minto Apartment REIT (TSX:MI.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Minto Apartment REIT (TSX:MI.UN) » Definitions » Days Payable

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Traded in Other Exchanges

MIAPF:USA

Address

200 - 180 Kent Street, Ottawa, ON, CAN, K1P 0B6

Website

https://www.mintoapartmentreit.com

Minto Apartment REIT is an unincorporated, open-ended real estate investment trust. It owns, develops, and operates a portfolio of income-producing multi-residential rental properties located in Canada. Its portfolio consists of interests in 32 multi-residential rental properties, including four mixed-use residential apartments and commercial buildings. The Reit's primary source of revenue is rental revenue.

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