Independence Realty Trust (FRA:5O2) Days Payable : 123.07 (As of Jun. 2024)

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What is Independence Realty Trust Days Payable?

Independence Realty Trust's average Accounts Payable for the three months ended in Jun. 2024 was €85.9 Mil. Independence Realty Trust's Cost of Goods Sold for the three months ended in Jun. 2024 was €63.7 Mil. Hence, Independence Realty Trust's Days Payable for the three months ended in Jun. 2024 was 123.07.

The historical rank and industry rank for Independence Realty Trust's Days Payable or its related term are showing as below:

FRA:5O2' s Days Payable Range Over the Past 10 Years
Min: 80.63 Med: 100.92 Max: 233.91
Current: 146.85

During the past 13 years, Independence Realty Trust's highest Days Payable was 233.91. The lowest was 80.63. And the median was 100.92.

FRA:5O2's Days Payable is ranked better than
60.29% of 549 companies
in the REITs industry
Industry Median: 108.2 vs FRA:5O2: 146.85

Independence Realty Trust's Days Payable declined from Jun. 2023 (147.56) to Jun. 2024 (123.07). It may suggest that Independence Realty Trust accelerated paying its suppliers.

Independence Realty Trust Days Payable Historical Data

The historical data trend for Independence Realty 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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Independence Realty Trust Days Payable Chart

Independence Realty Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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99.68

106.19

230.70

149.07

149.26

Independence Realty Trust Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															147.56	163.32	172.32	130.10	123.07

Competitive Comparison of Independence Realty Trust's Days Payable

For the REIT - Residential subindustry, Independence Realty 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.

Independence Realty Trust's Days Payable Distribution in the REITs Industry

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

* The bar in red indicates where Independence Realty Trust's Days Payable falls into.

Independence Realty 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.

Independence Realty 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
=	( (103.535	+	100.021)	/	2 )	/	248.883	*	365
=	101.778					/	248.883	*	365
=	149.26

Independence Realty Trust's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (76.984	+	94.795)	/	2 )	/	63.682	*	365 / 4
=	85.8895					/	63.682	*	365 / 4
=	123.07

Independence Realty Trust Days Payable Related Terms

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Independence Realty Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Independence Realty Trust Inc (FRA:5O2) » Definitions » Days Payable

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Traded in Other Exchanges

IRT:USA

Address

1835 Market Street, Suite 2601, Philadelphia, PA, USA, 19103

Website

https://www.irtliving.com

Independence Realty Trust Inc is a real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It owns and operates multifamily apartment properties, across non-gateway U.S markets, including Louisville, Memphis, Atlanta, and Raleigh. The company is focused on gaining scale within key amenity-rich submarkets that offer school districts, retail, and employment centers.

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