Timbercreek Financial (TSX:TF) Days Payable : 54.95 (As of Dec. 2024)

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What is Timbercreek Financial Days Payable?

Timbercreek Financial's average Accounts Payable for the three months ended in Dec. 2024 was C$12.5 Mil. Timbercreek Financial's Cost of Goods Sold for the three months ended in Dec. 2024 was C$20.8 Mil. Hence, Timbercreek Financial's Days Payable for the three months ended in Dec. 2024 was 54.95.

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

TSX:TF' s Days Payable Range Over the Past 10 Years
Min: 33.94 Med: 61.17 Max: 148.96
Current: 47.99

During the past 13 years, Timbercreek Financial's highest Days Payable was 148.96. The lowest was 33.94. And the median was 61.17.

TSX:TF's Days Payable is ranked better than
51.61% of 31 companies
in the Banks industry
Industry Median: 39.44 vs TSX:TF: 47.99

Timbercreek Financial's Days Payable increased from Dec. 2023 (31.92) to Dec. 2024 (54.95). It may suggest that Timbercreek Financial delayed paying its suppliers.

Timbercreek Financial Days Payable Historical Data

The historical data trend for Timbercreek Financial'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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Timbercreek Financial Days Payable Chart

Timbercreek Financial Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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56.17

67.18

49.74

33.94

43.49

Timbercreek Financial Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															31.92	41.53	46.43	54.27	54.95

Competitive Comparison of Timbercreek Financial's Days Payable

For the Mortgage Finance subindustry, Timbercreek Financial'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.

Timbercreek Financial's Days Payable Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Timbercreek Financial's Days Payable distribution charts can be found below:

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

Timbercreek Financial 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.

Timbercreek Financial's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (9.386	+	11.651)	/	2 )	/	88.282	*	365
=	10.5185					/	88.282	*	365
=	43.49

Timbercreek Financial's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (13.427	+	11.651)	/	2 )	/	20.824	*	365 / 4
=	12.539					/	20.824	*	365 / 4
=	54.95

Timbercreek Financial Days Payable Related Terms

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Timbercreek Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Timbercreek Financial Corp (TSX:TF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TBCRF:USA 58O:Germany

Address

25 Price Street, Toronto, ON, CAN, M4W 1Z1

Website

https://www.timbercreekfinancial.com

Timbercreek Financial Corp is a Canada-based non-banking commercial real estate lender. The company provides shorter-duration, customized financing solutions to professional real estate investors. It invests directly in a diversified portfolio of structured mortgage loans predominantly secured by stabilized, income-producing commercial real estates, such as multi-residential, office and retail buildings located in urban markets across Canada. The company's objective is to preserve investor capital and provide risk adjusted returns by lending mainly against income producing real estate, mitigate concentration risk by diversifying geographically by asset type and borrower and ensure loan to value ratios.

Executives

Robert Blair Tamblyn	Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Deborah Wallis Robinson	Director
Tracy Lee Johnston	Senior Officer
Ugo Bizzarri	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Tami Holdings Inc.	Subsidiary
Cameron Goodnough	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Derek John Watchorn	Director
Scott Rowland	Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer

Timbercreek Financial Headlines

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