MHPC (Manufactured Housing Properties) Days Payable: 94.54 (As of Sep. 2023)

What is Manufactured Housing Properties Days Payable?

Manufactured Housing Properties MHPC 12 Days Payable is 94.54 as of Sep. 2023. GuruFocus rates MHPC with a GF Score™ of 12/100.

Manufactured Housing Properties's average Accounts Payable for the three months ended in Sep. 2023 was $0.86 Mil. Manufactured Housing Properties's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.83 Mil. Hence, Manufactured Housing Properties's Days Payable for the three months ended in Sep. 2023 was 94.54.

The historical rank and industry rank for Manufactured Housing Properties's Days Payable or its related term are showing as below:

MHPC's Days Payable is not ranked ^*
in the Real Estate industry.
Industry Median: 94.38
* Ranked among companies with meaningful Days Payable only.

Manufactured Housing Properties's Days Payable declined from Sep. 2022 (153.31) to Sep. 2023 (94.54). It may suggest that Manufactured Housing Properties accelerated paying its suppliers.

Manufactured Housing Properties Days Payable Related Terms

Manufactured Housing Properties Days Payable Historical Data

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The historical data trend for Manufactured Housing Properties'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.

Manufactured Housing Properties Days Payable Chart

Manufactured Housing Properties Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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90.41

128.60

121.24

124.46

104.09

Manufactured Housing Properties 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															153.31	133.81	115.45	99.97	94.54

MHPC vs WEWKQ, GYRO, LRHC: Days Payable Comparison

For the Real Estate Services subindustry, Manufactured Housing Properties'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.

Manufactured Housing Properties Days Payable vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Manufactured Housing Properties's Days Payable distribution charts can be found below:

* The bar in red indicates where Manufactured Housing Properties's Days Payable falls into.

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Manufactured Housing Properties Inc MHPC

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Manufactured Housing Properties 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.

Manufactured Housing Properties'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
=	( (0.477	+	0.755)	/	2 )	/	2.16	*	365
=	0.616					/	2.16	*	365
=	104.09

Manufactured Housing Properties'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
=	( (0.733	+	0.991)	/	2 )	/	0.832	*	365 / 4
=	0.862					/	0.832	*	365 / 4
=	94.54

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 94.54 mean?

Manufactured Housing Properties (MHPC) has a Days Payable of 94.54 as of Sep. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Manufactured Housing Properties and its competitors.

Is Manufactured Housing Properties' Days Payable too high?

Manufactured Housing Properties' current Days Payable is 94.54. The Real Estate industry median Days Payable is 94.38. Manufactured Housing Properties' value of 94.54 is 0.2% above this industry median. Overall, Manufactured Housing Properties has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Manufactured Housing Properties' Days Payable compare to WEWKQ and GYRO?

Manufactured Housing Properties' Days Payable of 94.54 can be compared against companies in the Real Estate industry. The industry median Days Payable is 94.38. Manufactured Housing Properties' value of 94.54 is 0.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Days Payable for a Real Estate company?

The median Days Payable among Real Estate companies is 94.38, based on 1,571 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manufactured Housing Properties's current Days Payable of 94.54 is 0.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Days Payable mean?

A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Manufactured Housing Properties and its competitors. For the Real Estate industry, the median Days Payable is 94.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manufactured Housing Properties's current Days Payable is 94.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Manufactured Housing Properties stock overvalued right now?

Manufactured Housing Properties (MHPC) has a current Days Payable of 94.54. The current Days Payable is 94.54 and 0.2% above the Real Estate industry median of 94.38. Manufactured Housing Properties' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Days Payable calculated?

Days Payable is calculated from a company's financial statements. For Manufactured Housing Properties (MHPC), the current Days Payable is 94.54 as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Manufactured Housing Properties Business Description

Industry Real Estate Real Estate

Comparable Companies WEWKQ GYRO LRHC FLJ NYC MDJH ABCP ZDPY LEJU ALBT CSGP CBRE XMAD:CLNX BEKE TSE:8830 SGX:9CI MIL:INW HKSE:01972 XTER:DWNI HKSE:01997

Address 136 Main Street, Pineville, NC, USA, 28134

Website https://www.mhproperties.com

Manufactured Housing Properties Inc is a self-administered, self-managed, vertically integrated owner and operator of manufactured housing communities. It provides non-subsidized affordable housing facilities. The company earns income from leasing manufactured home sites to tenants who own their manufactured homes as well as the rental of company-owned manufactured homes to residents of the communities. Its communities are located in Georgia, North Carolina, South Carolina, and Tennessee.

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