UMHPD.PFD (UMH Properties) Days Payable : 18.14 (As of Sep. 2024)

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What is UMH Properties Days Payable?

UMH Properties's average Accounts Payable for the three months ended in Sep. 2024 was $5.56 Mil. UMH Properties's Cost of Goods Sold for the three months ended in Sep. 2024 was $27.96 Mil. Hence, UMH Properties's Days Payable for the three months ended in Sep. 2024 was 18.14.

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

UMHpD.PFD' s Days Payable Range Over the Past 10 Years
Min: 15.98 Med: 20.38 Max: 22.26
Current: 19.71

During the past 13 years, UMH Properties's highest Days Payable was 22.26. The lowest was 15.98. And the median was 20.38.

UMHpD.PFD's Days Payable is ranked worse than
88.06% of 561 companies
in the REITs industry
Industry Median: 107.32 vs UMHpD.PFD: 19.71

UMH Properties's Days Payable declined from Sep. 2023 (22.25) to Sep. 2024 (18.14). It may suggest that UMH Properties accelerated paying its suppliers.

UMH Properties Days Payable Historical Data

The historical data trend for UMH 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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UMH Properties Days Payable Chart

UMH Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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20.65

21.08

17.94

20.87

22.26

UMH Properties Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															22.25	21.55	20.30	18.79	18.14

Competitive Comparison of UMH Properties's Days Payable

For the REIT - Residential subindustry, UMH 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.

UMH Properties's Days Payable Distribution in the REITs Industry

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

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

UMH 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.

UMH Properties'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
=	( (6.387	+	6.106)	/	2 )	/	102.432	*	365
=	6.2465					/	102.432	*	365
=	22.26

UMH Properties's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (5.386	+	5.732)	/	2 )	/	27.957	*	365 / 4
=	5.559					/	27.957	*	365 / 4
=	18.14

UMH Properties Days Payable Related Terms

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UMH Properties Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » UMH Properties Inc (NYSE:UMHpD.PFD) » Definitions » Days Payable

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Traded in Other Exchanges

UMH:USA UMH:Israel

Address

3499 Route 9, Suite 3C, Freehold, NJ, USA, 07728

Website

https://www.umh.reit

UMH Properties Inc together with its subsidiaries is a real estate investment trust. It is engaged in the business of ownership and operation of manufactured home communities - leasing manufactured homesites to residents . The Company also leases manufactured homes to residents and, through its wholly-owned taxable REIT subsidiary, UMH Sales and Finance, Inc. sells and finances the sale of manufactured homes to residents and prospective residents of its communities and for placement on customers' privately-owned land. The company also owns the land, utility connections, streets, lighting, driveways, common area amenities, and other capital improvements. It earns income from lease agreements for their sites and homes, where the company is the lessor.