Morguard (TSX:MRC) Days Payable : 94.76 (As of Mar. 2024)

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What is Morguard Days Payable?

Morguard's average Accounts Payable for the three months ended in Mar. 2024 was C$204 Mil. Morguard's Cost of Goods Sold for the three months ended in Mar. 2024 was C$196 Mil. Hence, Morguard's Days Payable for the three months ended in Mar. 2024 was 94.76.

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

TSX:MRC' s Days Payable Range Over the Past 10 Years
Min: 117.06 Med: 128.87 Max: 208.83
Current: 127.62

During the past 13 years, Morguard's highest Days Payable was 208.83. The lowest was 117.06. And the median was 128.87.

TSX:MRC's Days Payable is ranked better than
57.72% of 1580 companies
in the Real Estate industry
Industry Median: 98.245 vs TSX:MRC: 127.62

Morguard's Days Payable declined from Mar. 2023 (100.89) to Mar. 2024 (94.76). It may suggest that Morguard accelerated paying its suppliers.

Morguard Days Payable Historical Data

The historical data trend for Morguard'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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Morguard Days Payable Chart

Morguard Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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120.89

134.44

118.33

117.33

117.06

Morguard Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															100.89	148.89	142.15	138.49	94.76

Competitive Comparison of Morguard's Days Payable

For the Real Estate - Diversified subindustry, Morguard'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.

Morguard's Days Payable Distribution in the Real Estate Industry

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

* The bar in red indicates where Morguard's Days Payable falls into.

Morguard 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.

Morguard's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (208.406	+	211.128)	/	2 )	/	654.042	*	365
=	209.767					/	654.042	*	365
=	117.06

Morguard's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (211.128	+	196.198)	/	2 )	/	196.109	*	365 / 4
=	203.663					/	196.109	*	365 / 4
=	94.76

Morguard Days Payable Related Terms

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Morguard (TSX:MRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Morguard Corp (TSX:MRC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MRCBF:USA

Address

55 City Centre Drive, Suite 1000, Legal Department, Mississauga, ON, CAN, L5B 1M3

Website

https://www.morguard.com

Morguard Corp is a real estate company that acquires, owns, and develops properties in Canada and the United States. The company operates through three business divisions: investments in real property, ownership in real estate investment trusts (including Morguard REIT and Morguard North American Residential REIT), and real estate advisory services and portfolio management. This advisory segment focuses on publicly traded equities and fixed-income securities for institutional clients and private investors. Morguard owns a portfolio of residential, retail, office, industrial, and hotel properties. The company also offers real estate management services and property investment advisory services.

Executives

Sime Armoyan

10% Security Holder