Summit Industrialome REIT (TSX:SMU.UN) Days Payable : 417.67 (As of Dec. 2022)

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What is Summit Industrialome REIT Days Payable?

Summit Industrialome REIT's average Accounts Payable for the three months ended in Dec. 2022 was C$76.3 Mil. Summit Industrialome REIT's Cost of Goods Sold for the three months ended in Dec. 2022 was C$16.7 Mil. Hence, Summit Industrialome REIT's Days Payable for the three months ended in Dec. 2022 was 417.67.

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

TSX:SMU.UN' s Days Payable Range Over the Past 10 Years
Min: 143.27 Med: 247.06 Max: 373.73
Current: 359.36

During the past 13 years, Summit Industrialome REIT's highest Days Payable was 373.73. The lowest was 143.27. And the median was 247.06.

TSX:SMU.UN's Days Payable is not ranked
in the REITs industry.
Industry Median: 125.84 vs TSX:SMU.UN: 359.36

Summit Industrialome REIT's Days Payable increased from Dec. 2021 (277.37) to Dec. 2022 (417.67). It may suggest that Summit Industrialome REIT delayed paying its suppliers.

Summit Industrialome REIT Days Payable Historical Data

The historical data trend for Summit Industrialome 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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Summit Industrialome REIT Days Payable Chart

Summit Industrialome REIT Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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254.81

265.15

239.55

293.87

373.73

Summit Industrialome REIT Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Days Payable	Get a 7-Day Free Trial															277.37	303.89	330.19	367.76	417.67

Competitive Comparison of Summit Industrialome REIT's Days Payable

For the REIT - Industrial subindustry, Summit Industrialome 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.

Summit Industrialome REIT's Days Payable Distribution in the REITs Industry

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

* The bar in red indicates where Summit Industrialome REIT's Days Payable falls into.

Summit Industrialome 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.

Summit Industrialome REIT's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (50.875	+	80.226)	/	2 )	/	64.019	*	365
=	65.5505					/	64.019	*	365
=	373.73

Summit Industrialome REIT's Days Payable for the quarter that ended in Dec. 2022 is calculated as:

	Days Payable (Q: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2022 )	+	Accounts Payable (Q: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
=	( (72.423	+	80.226)	/	2 )	/	16.675	*	365 / 4
=	76.3245					/	16.675	*	365 / 4
=	417.67

Summit Industrialome REIT Days Payable Related Terms

Thank you for viewing the detailed overview of Summit Industrialome REIT's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Summit Industrialome REIT (TSX:SMU.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Summit Industrial Income REIT (TSX:SMU.UN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 St. Clair Avenue East, Suite 700, Toronto, ON, CAN, M4T 2S5

Website

https://www.choicereit.ca

Summit Industrial Income REIT is a Canada-based mutual fund trust. The Trust is involved in the commercial leasing of real estate property with property locations in Ontario, Western Canada, Quebec and Atlantic Canada. The company is focused on the light industrial sector of the Canadian real estate industry.

Summit Industrialome REIT (TSX:SMU.UN) Headlines

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