Automotive Properties Real Estate Investment Trust (Automotive Properties Real Estate Investment Trust) Days Payable : 97.29 (As of Dec. 2023)

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What is Automotive Properties Real Estate Investment Trust Days Payable?

Automotive Properties Real Estate Investment Trust's average Accounts Payable for the three months ended in Dec. 2023 was $2.82 Mil. Automotive Properties Real Estate Investment Trust's Cost of Goods Sold for the three months ended in Dec. 2023 was $2.65 Mil. Hence, Automotive Properties Real Estate Investment Trust's Days Payable for the three months ended in Dec. 2023 was 97.29.

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

APPTF' s Days Payable Range Over the Past 10 Years
Min: 97.86 Med: 126.24 Max: 613.39
Current: 101.49

During the past 9 years, Automotive Properties Real Estate Investment Trust's highest Days Payable was 613.39. The lowest was 97.86. And the median was 126.24.

APPTF's Days Payable is ranked worse than
56.32% of 522 companies
in the REITs industry
Industry Median: 128.345 vs APPTF: 101.49

Automotive Properties Real Estate Investment Trust's Days Payable declined from Dec. 2022 (102.77) to Dec. 2023 (97.29). It may suggest that Automotive Properties Real Estate Investment Trust accelerated paying its suppliers.

Automotive Properties Real Estate Investment Trust Days Payable Historical Data

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

Automotive Properties Real Estate Investment Trust Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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112.93

133.34

126.18

100.46

101.77

Automotive 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															102.77	111.30	108.48	88.38	97.29

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

For the REIT - Specialty subindustry, Automotive 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.

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

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

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

Automotive 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.

Automotive 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
=	( (2.766	+	3.083)	/	2 )	/	10.489	*	365
=	2.9245					/	10.489	*	365
=	101.77

Automotive 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
=	( (2.559	+	3.083)	/	2 )	/	2.646	*	365 / 4
=	2.821					/	2.646	*	365 / 4
=	97.29

Automotive Properties Real Estate Investment Trust Days Payable Related Terms

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Automotive Properties Real Estate Investment Trust (Automotive Properties Real Estate Investment Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Automotive Properties Real Estate Investment Trust (OTCPK:APPTF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

APR.UN:Canada

Address

133 King Street East, Suite 300, Toronto, ON, CAN, M5C 1G6

Website

https://www.automotivepropertiesreit.ca

Automotive Properties Real Estate Investment Trust is an unincorporated open-ended real estate investment trust focused on investing in high-quality Canadian automotive properties tenanted by automotive dealership groups and automotive brands ranging from mass-market to ultra-luxury. The company holds a portfolio of best-in-class properties located in strategic Canadian urban markets across Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, and Quebec. The primary objectives of the REIT are to provide Unitholders with stable, sustainable and growing cash distributions, and to enhance and expand the REIT's asset portfolio in order to maximize Unitholder value.

Automotive Properties Real Estate Investment Trust (Automotive Properties Real Estate Investment Trust) Headlines

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