Cominar Real Estate Investment Trust (TSX:CUF.UN) Days Payable : 83.62 (As of Dec. 2021)

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What is Cominar Real Estate Investment Trust Days Payable?

Cominar Real Estate Investment Trust's average Accounts Payable for the three months ended in Dec. 2021 was C$73.3 Mil. Cominar Real Estate Investment Trust's Cost of Goods Sold for the three months ended in Dec. 2021 was C$80.0 Mil. Hence, Cominar Real Estate Investment Trust's Days Payable for the three months ended in Dec. 2021 was 83.62.

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

TSX:CUF.UN's Days Payable is not ranked ^*
in the REITs industry.
Industry Median: 126.29
* Ranked among companies with meaningful Days Payable only.

Cominar Real Estate Investment Trust's Days Payable declined from Dec. 2020 (85.65) to Dec. 2021 (83.62). It may suggest that Cominar Real Estate Investment Trust accelerated paying its suppliers.

Cominar Real Estate Investment Trust Days Payable Historical Data

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

Cominar Real Estate Investment Trust Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Payable

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14.06

10.77

3.52

4.66

6.33

Cominar Real Estate Investment Trust Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Days Payable	Get a 7-Day Free Trial															85.65	75.76	159.88	163.87	83.62

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

For the REIT - Diversified subindustry, Cominar 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.

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

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

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

Cominar 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.

Cominar Real Estate Investment Trust's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

	Days Payable (A: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2020 )	+	Accounts Payable (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (4.929	+	6.041)	/	2 )	/	316.356	*	365
=	5.485					/	316.356	*	365
=	6.33

Cominar Real Estate Investment Trust's Days Payable for the quarter that ended in Dec. 2021 is calculated as:

	Days Payable (Q: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2021 )	+	Accounts Payable (Q: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2021 )	*	Days in Period
=	( (140.642	+	6.041)	/	2 )	/	80.035	*	365 / 4
=	73.3415					/	80.035	*	365 / 4
=	83.62

Cominar Real Estate Investment Trust Days Payable Related Terms

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Cominar Real Estate Investment Trust (TSX:CUF.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Cominar Real Estate Investment Trust (TSX:CUF.UN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

2820 Laurier Boulevard, Suite 850, Quebec City, QC, CAN, G1V 0C1

Website

https://www.cominar.com

Cominar Real Estate Investment Trust is a Canadian REIT involved in the ownership and management of properties throughout the Canadian provinces. Cominar's real estate portfolio comprises a mix of office, retail, and industrial and mixed-use properties. While industrial and mixed-use assets are the most numerous and command the most square footage in the company's portfolio, office and retail locations combined represent the vast majority of the portfolio's total value. Most of Cominar's properties are located in the Greater Quebec City and Montreal areas. The company derives nearly all of its revenue from rental income from its investment properties. The source of this revenue is largely split between Cominar's office and retail locations.

Cominar Real Estate Investment Trust (TSX:CUF.UN) Headlines

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