Simon Property Group (BSP:SIMN34) Days Payable : 566.04 (As of Sep. 2024)

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What is Simon Property Group Days Payable?

Simon Property Group's average Accounts Payable for the three months ended in Sep. 2024 was R$8,867 Mil. Simon Property Group's Cost of Goods Sold for the three months ended in Sep. 2024 was R$1,429 Mil. Hence, Simon Property Group's Days Payable for the three months ended in Sep. 2024 was 566.04.

The historical rank and industry rank for Simon Property Group's Days Payable or its related term are showing as below:

BSP:SIMN34' s Days Payable Range Over the Past 10 Years
Min: 462.4 Med: 502.15 Max: 589.33
Current: 589.33

During the past 13 years, Simon Property Group's highest Days Payable was 589.33. The lowest was 462.40. And the median was 502.15.

BSP:SIMN34's Days Payable is ranked better than
89.48% of 561 companies
in the REITs industry
Industry Median: 107.32 vs BSP:SIMN34: 589.33

Simon Property Group's Days Payable increased from Sep. 2023 (522.20) to Sep. 2024 (566.04). It may suggest that Simon Property Group delayed paying its suppliers.

Simon Property Group Days Payable Historical Data

The historical data trend for Simon Property Group'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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Simon Property Group Days Payable Chart

Simon Property Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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470.99

498.12

493.67

553.67

583.86

Simon Property Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															522.20	594.99	558.21	608.50	566.04

Competitive Comparison of Simon Property Group's Days Payable

For the REIT - Retail subindustry, Simon Property Group'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.

Simon Property Group's Days Payable Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Simon Property Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Simon Property Group's Days Payable falls into.

Simon Property Group 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.

Simon Property Group'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
=	( (7823.949	+	8296.577)	/	2 )	/	5038.886	*	365
=	8060.263					/	5038.886	*	365
=	583.86

Simon Property Group's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (8764.849	+	8969.835)	/	2 )	/	1429.484	*	365 / 4
=	8867.342					/	1429.484	*	365 / 4
=	566.04

Simon Property Group Days Payable Related Terms

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Simon Property Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Simon Property Group Inc (BSP:SIMN34) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SPGpJ.PFD:USA SPG:USA SPG:Mexico 0L6P:UK SQI:Germany SQI:Germany

Address

225 West Washington Street, Indianapolis, IN, USA, 46204

Website

https://www.simon.com

Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 231 properties: 136 traditional malls, 70 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), 6 lifestyle centers, and 5 other retail properties. Simon's portfolio averaged $743 in sales per square foot in 2023 compared with $693 in sales per square foot over the 12 months before the pandemic. The company also owns a 22% interest in Klépierre, a European retail company with investments in shopping centers in 14 countries, and joint-venture interests in 33 premium outlets across 11 countries.

Simon Property Group Headlines

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