Mindspace Business Parks REIT (BOM:543217) Days Payable : 106.54 (As of Sep. 2023)

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What is Mindspace Business Parks REIT Days Payable?

Mindspace Business Parks REIT's average Accounts Payable for the three months ended in Sep. 2023 was ₹1,349 Mil. Mindspace Business Parks REIT's Cost of Goods Sold for the three months ended in Sep. 2023 was ₹1,155 Mil. Hence, Mindspace Business Parks REIT's Days Payable for the three months ended in Sep. 2023 was 106.54.

The historical rank and industry rank for Mindspace Business Parks REIT's Days Payable or its related term are showing as below:

BOM:543217' s Days Payable Range Over the Past 10 Years
Min: 92.11 Med: 109.03 Max: 331.27
Current: 213.28

During the past 7 years, Mindspace Business Parks REIT's highest Days Payable was 331.27. The lowest was 92.11. And the median was 109.03.

BOM:543217's Days Payable is ranked better than
69.55% of 532 companies
in the REITs industry
Industry Median: 125.385 vs BOM:543217: 213.28

Mindspace Business Parks REIT's Days Payable increased from Sep. 2022 (41.18) to Sep. 2023 (106.54). It may suggest that Mindspace Business Parks REIT delayed paying its suppliers.

Mindspace Business Parks REIT Days Payable Historical Data

The historical data trend for Mindspace Business Parks REIT'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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Mindspace Business Parks REIT Days Payable Chart

Mindspace Business Parks REIT Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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92.61

101.50

109.03

92.11

172.78

Mindspace Business Parks REIT Quarterly Data
	Mar18	Mar19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial													-	-	104.07	106.54	-

Competitive Comparison of Mindspace Business Parks REIT's Days Payable

For the REIT - Office subindustry, Mindspace Business Parks REIT'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.

Mindspace Business Parks REIT's Days Payable Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Mindspace Business Parks REIT's Days Payable distribution charts can be found below:

* The bar in red indicates where Mindspace Business Parks REIT's Days Payable falls into.

Mindspace Business Parks REIT 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.

Mindspace Business Parks REIT's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (1152	+	1480)	/	2 )	/	2780	*	365
=	1316					/	2780	*	365
=	172.78

Mindspace Business Parks REIT's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1414	+	1283)	/	2 )	/	1155	*	365 / 4
=	1348.5					/	1155	*	365 / 4
=	106.54

Mindspace Business Parks REIT Days Payable Related Terms

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Mindspace Business Parks REIT (BOM:543217) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mindspace Business Parks REIT (BOM:543217) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MINDSPACE:India

Address

Plot No. C-30, Raheja Tower, Level 8, Block G, Bandra Kurla Complex, Bandra (East), Mumbai, MH, IND, 400 051

Website

https://www.mindspacereit.com

Mindspace Business Parks REIT is a real estate investment company. It owns an office portfolio located in four key office markets such as Mumbai Region, Hyderabad, Pune and Chennai in India. The company's portfolio has five integrated business parks with superior infrastructure and amenities (such as restaurants, creches and outdoor sports arenas) and five quality independent offices.

Mindspace Business Parks REIT (BOM:543217) Headlines

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