Fortune Real Estate Investment Trust (HKSE:00778) Days Payable : 251.02 (As of Dec. 2024)

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What is Fortune Real Estate Investment Trust Days Payable?

Fortune Real Estate Investment Trust's average Accounts Payable for the six months ended in Dec. 2024 was HK$431 Mil. Fortune Real Estate Investment Trust's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$314 Mil. Hence, Fortune Real Estate Investment Trust's Days Payable for the six months ended in Dec. 2024 was 251.02.

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

HKSE:00778' s Days Payable Range Over the Past 10 Years
Min: 239.75 Med: 285.87 Max: 319.64
Current: 259.32

During the past 13 years, Fortune Real Estate Investment Trust's highest Days Payable was 319.64. The lowest was 239.75. And the median was 285.87.

HKSE:00778's Days Payable is ranked better than
76.58% of 555 companies
in the REITs industry
Industry Median: 110.38 vs HKSE:00778: 259.32

Fortune Real Estate Investment Trust's Days Payable declined from Dec. 2023 (271.42) to Dec. 2024 (251.02). It may suggest that Fortune Real Estate Investment Trust accelerated paying its suppliers.

Fortune Real Estate Investment Trust Days Payable Historical Data

The historical data trend for Fortune Real Estate Investment 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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Fortune Real Estate Investment Trust Days Payable Chart

Fortune Real Estate Investment Trust Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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297.77

287.07

284.66

275.50

258.22

Fortune Real Estate Investment Trust Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Payable	Get a 7-Day Free Trial															303.16	289.26	271.42	269.10	251.02

Competitive Comparison of Fortune Real Estate Investment Trust's Days Payable

For the REIT - Retail subindustry, Fortune Real Estate Investment 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.

Fortune Real Estate Investment Trust's Days Payable Distribution in the REITs Industry

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

* The bar in red indicates where Fortune Real Estate Investment Trust's Days Payable falls into.

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Fortune Real Estate Investment 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.

Fortune Real Estate Investment Trust's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (446.326	+	422.712)	/	2 )	/	614.199	*	365
=	434.519					/	614.199	*	365
=	258.22

Fortune Real Estate Investment Trust's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (440.06	+	422.712)	/	2 )	/	313.636	*	365 / 2
=	431.386					/	313.636	*	365 / 2
=	251.02

Fortune Real Estate Investment Trust Days Payable Related Terms

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Fortune Real Estate Investment Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Fortune Real Estate Investment Trust (HKSE:00778) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Temasek Boulevard, No. 12-01, Suntec Tower 5, Singapore, SGP, 038985

Website

https://www.fortunereit.com

Fortune Real Estate Investment Trust is a real estate company that invests in retail shopping malls located in Hong Kong and Singapore with the primary objective of producing stable distributions for unitholders and achieving long-term growth in the net asset value per unit. The trust generates the majority of its revenue from rents and leases, with the remaining revenue from utility charges, management fees, car park revenue, license fees, and other sources. Fortune REIT's tenants include supermarkets, banking, and real estate services companies, restaurants, convenience stores, and general retailers.

Executives

Ck Asset Holdings Limited
Li Ka-shing

Fortune Real Estate Investment Trust Headlines

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