Hersha Hospitality Trust (Hersha Hospitality Trust) Days Payable : 53.97 (As of Sep. 2023)

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What is Hersha Hospitality Trust Days Payable?

Hersha Hospitality Trust's average Accounts Payable for the three months ended in Sep. 2023 was $37.72 Mil. Hersha Hospitality Trust's Cost of Goods Sold for the three months ended in Sep. 2023 was $63.78 Mil. Hence, Hersha Hospitality Trust's Days Payable for the three months ended in Sep. 2023 was 53.97.

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

HTpD.PFD' s Days Payable Range Over the Past 10 Years
Min: 58.57 Med: 69.16 Max: 104.37
Current: 59.94

During the past 13 years, Hersha Hospitality Trust's highest Days Payable was 104.37. The lowest was 58.57. And the median was 69.16.

HTpD.PFD's Days Payable is not ranked
in the REITs industry.
Industry Median: 126.29 vs HTpD.PFD: 59.94

Hersha Hospitality Trust's Days Payable declined from Sep. 2022 (54.66) to Sep. 2023 (53.97). It may suggest that Hersha Hospitality Trust accelerated paying its suppliers.

Hersha Hospitality Trust Days Payable Historical Data

The historical data trend for Hersha Hospitality 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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Hersha Hospitality Trust Days Payable Chart

Hersha Hospitality Trust Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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69.98

60.01

104.37

84.58

58.57

Hersha Hospitality Trust Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															54.66	63.74	65.87	54.36	53.97

Competitive Comparison of Hersha Hospitality Trust's Days Payable

For the REIT - Hotel & Motel subindustry, Hersha Hospitality 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.

Hersha Hospitality Trust's Days Payable Distribution in the REITs Industry

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

* The bar in red indicates where Hersha Hospitality Trust's Days Payable falls into.

Hersha Hospitality 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.

Hersha Hospitality Trust's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (43.207	+	44.148)	/	2 )	/	272.206	*	365
=	43.6775					/	272.206	*	365
=	58.57

Hersha Hospitality Trust's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (35.855	+	39.589)	/	2 )	/	63.775	*	365 / 4
=	37.722					/	63.775	*	365 / 4
=	53.97

Hersha Hospitality Trust Days Payable Related Terms

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Hersha Hospitality Trust (Hersha Hospitality Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Hersha Hospitality Trust (NYSE:HTpD.PFD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

44 Hersha Drive, Harrisburg, PA, USA, 17102

Website

https://www.hersha.com

Hersha Hospitality Trust is a self-advised real estate investment trust in the hospitality sector, which owns and operates high-quality upscale hotels in urban gateway markets. Its hotels are located in the central business districts and dense metropolitan centers of New York City, Boston, Washington, DC, Philadelphia, Miami, Los Angeles, and San Diego. The company's revenue streams include Hotel revenue and Other revenue.