TAG Immobilien AG (XTER:TEG) Days Payable : 14.63 (As of Dec. 2023)

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What is TAG Immobilien AG Days Payable?

TAG Immobilien AG's average Accounts Payable for the three months ended in Dec. 2023 was €68 Mil. TAG Immobilien AG's Cost of Goods Sold for the three months ended in Dec. 2023 was €423 Mil. Hence, TAG Immobilien AG's Days Payable for the three months ended in Dec. 2023 was 14.63.

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

XTER:TEG' s Days Payable Range Over the Past 10 Years
Min: 12.99 Med: 26.92 Max: 43.51
Current: 29.95

During the past 13 years, TAG Immobilien AG's highest Days Payable was 43.51. The lowest was 12.99. And the median was 26.92.

XTER:TEG's Days Payable is ranked worse than
81.21% of 1570 companies
in the Real Estate industry
Industry Median: 97.275 vs XTER:TEG: 29.95

TAG Immobilien AG's Days Payable declined from Dec. 2022 (22.66) to Dec. 2023 (14.63). It may suggest that TAG Immobilien AG accelerated paying its suppliers.

TAG Immobilien AG Days Payable Historical Data

The historical data trend for TAG Immobilien AG'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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TAG Immobilien AG Days Payable Chart

TAG Immobilien AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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30.63

24.51

39.62

36.10

29.33

TAG Immobilien AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															22.66	55.16	43.48	35.95	14.63

Competitive Comparison of TAG Immobilien AG's Days Payable

For the Real Estate Services subindustry, TAG Immobilien AG'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.

TAG Immobilien AG's Days Payable Distribution in the Real Estate Industry

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

* The bar in red indicates where TAG Immobilien AG's Days Payable falls into.

TAG Immobilien AG 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.

TAG Immobilien AG'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
=	( (79.348	+	70.804)	/	2 )	/	934.146	*	365
=	75.076					/	934.146	*	365
=	29.33

TAG Immobilien AG's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (64.92	+	70.804)	/	2 )	/	423.204	*	365 / 4
=	67.862					/	423.204	*	365 / 4
=	14.63

TAG Immobilien AG Days Payable Related Terms

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TAG Immobilien AG (XTER:TEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » TAG Immobilien AG (XTER:TEG) » Definitions » Days Payable

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TAGOF:USA TEGd:UK 0JK4:UK TEG:Austria

Address

Steckelhorn 5, Hamburg, DEU, 20457

Website

https://www.tag-ag.com

TAG Immobilien AG is a general real estate company that operates in Germany. The company reports multiple business segments based on location. The company's revenue sources are largely split between its top regions, while its Berlin operations slightly outweigh the others. Tag rents and manages residential properties, as well as commercial real estate properties and boarding houses. The company focuses on regions characterized by improving quality of life while considering acquisition activity as a component of its operational growth strategy.

TAG Immobilien AG (XTER:TEG) Headlines

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