Elme Communities (FRA:WRI) Days Payable : 133.39 (As of Mar. 2024)

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What is Elme Communities Days Payable?

Elme Communities's average Accounts Payable for the three months ended in Mar. 2024 was €32.2 Mil. Elme Communities's Cost of Goods Sold for the three months ended in Mar. 2024 was €22.0 Mil. Hence, Elme Communities's Days Payable for the three months ended in Mar. 2024 was 133.39.

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

FRA:WRI' s Days Payable Range Over the Past 10 Years
Min: 142.06 Med: 187.29 Max: 339.33
Current: 142.06

During the past 13 years, Elme Communities's highest Days Payable was 339.33. The lowest was 142.06. And the median was 187.29.

FRA:WRI's Days Payable is ranked better than
54.11% of 523 companies
in the REITs industry
Industry Median: 128.23 vs FRA:WRI: 142.06

Elme Communities's Days Payable declined from Mar. 2023 (135.73) to Mar. 2024 (133.39). It may suggest that Elme Communities accelerated paying its suppliers.

Elme Communities Days Payable Historical Data

The historical data trend for Elme Communities'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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Elme Communities Days Payable Chart

Elme Communities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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335.78

321.97

222.32

162.32

154.39

Elme Communities Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															135.73	133.89	161.73	163.48	133.39

Competitive Comparison of Elme Communities's Days Payable

For the REIT - Residential subindustry, Elme Communities'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.

Elme Communities's Days Payable Distribution in the REITs Industry

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

* The bar in red indicates where Elme Communities's Days Payable falls into.

Elme Communities 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.

Elme Communities'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
=	( (32.46	+	35.76)	/	2 )	/	80.639	*	365
=	34.11					/	80.639	*	365
=	154.39

Elme Communities's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (35.76	+	28.623)	/	2 )	/	22.022	*	365 / 4
=	32.1915					/	22.022	*	365 / 4
=	133.39

Elme Communities Days Payable Related Terms

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Elme Communities (FRA:WRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Elme Communities (FRA:WRI) » Definitions » Days Payable

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Traded in Other Exchanges

ELME:USA

Address

1775 Eye Street North West, Suite 1000, Washington, DC, USA, 20006

Website

https://www.elmecommunities.com

Elme Communities is a real estate investment trust engaged in owning and operating properties in the greater Washington DC metropolitan area. The company's real estate portfolio is comprised of office, retail, and multifamily properties located primarily near major transportation nodes. Washington REIT derives nearly all of its income in the form of rental revenue from tenants organized into long-term leases. The company's office assets contribute the majority of this income, while the rest is split fairly evenly between its retail and multifamily locations. Washington REIT's largest tenants are banking, consulting, law, and financial services firms.