Deutsche Real Estate AG (FRA:DRE2) Days Payable : 21.39 (As of Dec. 2023)

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What is Deutsche Real Estate AG Days Payable?

Deutsche Real Estate AG's average Accounts Payable for the six months ended in Dec. 2023 was €0.87 Mil. Deutsche Real Estate AG's Cost of Goods Sold for the six months ended in Dec. 2023 was €7.45 Mil. Hence, Deutsche Real Estate AG's Days Payable for the six months ended in Dec. 2023 was 21.39.

The historical rank and industry rank for Deutsche Real Estate AG's Days Payable or its related term are showing as below:

FRA:DRE2' s Days Payable Range Over the Past 10 Years
Min: 25.72 Med: 38.94 Max: 76.96
Current: 25.72

During the past 13 years, Deutsche Real Estate AG's highest Days Payable was 76.96. The lowest was 25.72. And the median was 38.94.

FRA:DRE2's Days Payable is ranked worse than
84.11% of 1580 companies
in the Real Estate industry
Industry Median: 98.245 vs FRA:DRE2: 25.72

Deutsche Real Estate AG's Days Payable declined from Dec. 2022 (29.26) to Dec. 2023 (21.39). It may suggest that Deutsche Real Estate AG accelerated paying its suppliers.

Deutsche Real Estate AG Days Payable Historical Data

The historical data trend for Deutsche Real Estate AG'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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Deutsche Real Estate AG Days Payable Chart

Deutsche Real Estate AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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56.34

76.96

45.28

35.28

27.79

Deutsche Real Estate AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															59.63	32.02	29.26	29.17	21.39

Competitive Comparison of Deutsche Real Estate AG's Days Payable

For the Real Estate Services subindustry, Deutsche Real Estate AG'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.

Deutsche Real Estate AG's Days Payable Distribution in the Real Estate Industry

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

* The bar in red indicates where Deutsche Real Estate AG's Days Payable falls into.

Deutsche Real Estate AG 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.

Deutsche Real Estate AG'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
=	( (0.994	+	0.979)	/	2 )	/	12.959	*	365
=	0.9865					/	12.959	*	365
=	27.79

Deutsche Real Estate AG'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.767	+	0.979)	/	2 )	/	7.45	*	365 / 2
=	0.873					/	7.45	*	365 / 2
=	21.39

Deutsche Real Estate AG Days Payable Related Terms

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Deutsche Real Estate AG (FRA:DRE2) Business Description

Industry

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DRE2:Germany

Address

Oudenarder Street 16, Berlin, DEU, 13347

Website

https://www.drestate.de

Deutsche Real Estate AG is engaged in investing in building a portfolio with focus on office, logistics and retail properties in the growth regions of Germany.

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