Madison Pacific Properties (TSX:MPC) Days Payable : 213.94 (As of Feb. 2024)

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What is Madison Pacific Properties Days Payable?

Madison Pacific Properties's average Accounts Payable for the three months ended in Feb. 2024 was C$7.74 Mil. Madison Pacific Properties's Cost of Goods Sold for the three months ended in Feb. 2024 was C$3.30 Mil. Hence, Madison Pacific Properties's Days Payable for the three months ended in Feb. 2024 was 213.94.

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

TSX:MPC' s Days Payable Range Over the Past 10 Years
Min: 16.34 Med: 32.71 Max: 169.06
Current: 169.06

During the past 13 years, Madison Pacific Properties's highest Days Payable was 169.06. The lowest was 16.34. And the median was 32.71.

TSX:MPC's Days Payable is ranked better than
66.82% of 1570 companies
in the Real Estate industry
Industry Median: 96.765 vs TSX:MPC: 169.06

Madison Pacific Properties's Days Payable increased from Feb. 2023 (178.05) to Feb. 2024 (213.94). It may suggest that Madison Pacific Properties delayed paying its suppliers.

Madison Pacific Properties Days Payable Historical Data

The historical data trend for Madison Pacific 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.

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Madison Pacific Properties Days Payable Chart

Madison Pacific Properties Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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34.13

32.82

24.98

16.97

16.34

Madison Pacific Properties Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															178.05	212.88	104.32	114.61	213.94

Competitive Comparison of Madison Pacific Properties's Days Payable

For the Real Estate Services subindustry, Madison Pacific 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.

Madison Pacific Properties's Days Payable Distribution in the Real Estate Industry

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

* The bar in red indicates where Madison Pacific Properties's Days Payable falls into.

Madison Pacific 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.

Madison Pacific Properties's Days Payable for the fiscal year that ended in Aug. 2023 is calculated as

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (0.49	+	0.671)	/	2 )	/	12.966	*	365
=	0.5805					/	12.966	*	365
=	16.34

Madison Pacific Properties's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (7.179	+	8.295)	/	2 )	/	3.3	*	365 / 4
=	7.737					/	3.3	*	365 / 4
=	213.94

Madison Pacific Properties Days Payable Related Terms

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Madison Pacific Properties (TSX:MPC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Madison Pacific Properties Inc (TSX:MPC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MPC.C:Canada

Address

389 West 6th Avenue, Vancouver, BC, CAN, V5Y 1L1

Website

https://www.madisonpacific.ca

Madison Pacific Properties Inc is a real estate company. It owns, develops, and operates office, industrial, and commercial real estate properties located in Western Canada. It also has investments in joint ventures that construct residential properties. The company has one reportable segment that being the Rental of Office, Industrial, Commercial, and multi-family real estate properties located in Canada. The company derives its revenue from rental operations and property management.