Construtora Tenda (BSP:TEND3) Days Payable : 24.18 (As of Dec. 2023)

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What is Construtora Tenda Days Payable?

Construtora Tenda's average Accounts Payable for the three months ended in Dec. 2023 was R$156 Mil. Construtora Tenda's Cost of Goods Sold for the three months ended in Dec. 2023 was R$587 Mil. Hence, Construtora Tenda's Days Payable for the three months ended in Dec. 2023 was 24.18.

The historical rank and industry rank for Construtora Tenda's Days Payable or its related term are showing as below:

BSP:TEND3' s Days Payable Range Over the Past 10 Years
Min: 7.36 Med: 12.09 Max: 43.6
Current: 22.45

During the past 13 years, Construtora Tenda's highest Days Payable was 43.60. The lowest was 7.36. And the median was 12.09.

BSP:TEND3's Days Payable is ranked worse than
85.67% of 1570 companies
in the Real Estate industry
Industry Median: 96.765 vs BSP:TEND3: 22.45

Construtora Tenda's Days Payable increased from Dec. 2022 (21.46) to Dec. 2023 (24.18). It may suggest that Construtora Tenda delayed paying its suppliers.

Construtora Tenda Days Payable Historical Data

The historical data trend for Construtora Tenda'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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Construtora Tenda Days Payable Chart

Construtora Tenda Annual Data

Trend

Dec13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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8.46

8.95

13.02

21.09

23.08

Construtora Tenda 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															21.46	24.14	20.57	20.54	24.18

Competitive Comparison of Construtora Tenda's Days Payable

For the Real Estate - Development subindustry, Construtora Tenda'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.

Construtora Tenda's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Construtora Tenda's Days Payable distribution charts can be found below:

* The bar in red indicates where Construtora Tenda's Days Payable falls into.

Construtora Tenda 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.

Construtora Tenda'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
=	( (136.164	+	153.995)	/	2 )	/	2294.468	*	365
=	145.0795					/	2294.468	*	365
=	23.08

Construtora Tenda'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
=	( (157.283	+	153.995)	/	2 )	/	587.24	*	365 / 4
=	155.639					/	587.24	*	365 / 4
=	24.18

Construtora Tenda Days Payable Related Terms

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Construtora Tenda (BSP:TEND3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Construtora Tenda SA (BSP:TEND3) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Rua Boa Vista, 280, Sao Paulo, SP, BRA, 01010-001

Website

https://www.tenda.com

Construtora Tenda SA is engaged in the performance of general construction works, real estate development, real estate purchase, and sale, the provision of general construction management services, the intermediation of the sale of consortium shares, and the holding of interests in other companies. The SPEs are exclusively engaged in real estate operations and are linked to specific projects. The company concentrates its activities in nine metropolitan regions of Brazil, uniquely operating within bracket 2 of the Casa Verde e Amarela federal government housing program. The company focuses on affordable housing which allows it to pursue scale gains and continuous improvement. It has a single SKU for no-elevator buildings.

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