EQCPD.PFD (Equity Commonwealth) Days Payable : 247.34 (As of Sep. 2024)

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What is Equity Commonwealth Days Payable?

Equity Commonwealth's average Accounts Payable for the three months ended in Sep. 2024 was $18.60 Mil. Equity Commonwealth's Cost of Goods Sold for the three months ended in Sep. 2024 was $6.86 Mil. Hence, Equity Commonwealth's Days Payable for the three months ended in Sep. 2024 was 247.34.

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

EQCpD.PFD' s Days Payable Range Over the Past 10 Years
Min: 154.31 Med: 294.36 Max: 375.29
Current: 296.72

During the past 13 years, Equity Commonwealth's highest Days Payable was 375.29. The lowest was 154.31. And the median was 294.36.

EQCpD.PFD's Days Payable is ranked better than
78.11% of 562 companies
in the REITs industry
Industry Median: 108.93 vs EQCpD.PFD: 296.72

Equity Commonwealth's Days Payable declined from Sep. 2023 (292.15) to Sep. 2024 (247.34). It may suggest that Equity Commonwealth accelerated paying its suppliers.

Equity Commonwealth Days Payable Historical Data

The historical data trend for Equity Commonwealth'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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Equity Commonwealth Days Payable Chart

Equity Commonwealth Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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375.29

365.16

284.40

344.84

353.76

Equity Commonwealth 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															292.15	350.97	336.08	274.37	247.34

Competitive Comparison of Equity Commonwealth's Days Payable

For the REIT - Office subindustry, Equity Commonwealth'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.

Equity Commonwealth's Days Payable Distribution in the REITs Industry

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

* The bar in red indicates where Equity Commonwealth's Days Payable falls into.

Equity Commonwealth 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.

Equity Commonwealth'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
=	( (25.935	+	27.298)	/	2 )	/	27.462	*	365
=	26.6165					/	27.462	*	365
=	353.76

Equity Commonwealth'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
=	( (19.585	+	17.621)	/	2 )	/	6.863	*	365 / 4
=	18.603					/	6.863	*	365 / 4
=	247.34

Equity Commonwealth Days Payable Related Terms

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Equity Commonwealth Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Equity Commonwealth (NYSE:EQCpD.PFD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

EQC:USA HP5A:Germany HP5A:Germany

Address

Two North Riverside Plaza, Suite 2100, Chicago, IL, USA, 60606

Website

https://www.eqcre.com

Equity Commonwealth is a real estate investment trust engaged in the acquisition, ownership, and operation of office buildings located throughout the United States. The vast majority of the company's real estate portfolio comprises office assets. These properties are fairly evenly dispersed between many of America's urban markets, notably Washington, Austin, and Denver. Equity Commonwealth derives the vast majority of its income in the form of rental revenue from tenants occupying its offices.