Cromwell Property Group (ASX:CMW) Days Payable : 531.08 (As of Dec. 2023)

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What is Cromwell Property Group Days Payable?

Cromwell Property Group's average Accounts Payable for the six months ended in Dec. 2023 was A$58.2 Mil. Cromwell Property Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$20.0 Mil. Hence, Cromwell Property Group's Days Payable for the six months ended in Dec. 2023 was 531.08.

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

ASX:CMW' s Days Payable Range Over the Past 10 Years
Min: 186.1 Med: 249.3 Max: 410.3
Current: 335.99

During the past 13 years, Cromwell Property Group's highest Days Payable was 410.30. The lowest was 186.10. And the median was 249.30.

ASX:CMW's Days Payable is ranked better than
80.88% of 523 companies
in the REITs industry
Industry Median: 126.29 vs ASX:CMW: 335.99

Cromwell Property Group's Days Payable increased from Dec. 2022 (237.83) to Dec. 2023 (531.08). It may suggest that Cromwell Property Group delayed paying its suppliers.

Cromwell Property Group Days Payable Historical Data

The historical data trend for Cromwell Property Group'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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Cromwell Property Group Days Payable Chart

Cromwell Property Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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410.30

257.27

186.10

195.36

195.20

Cromwell Property Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															285.13	306.39	237.83	218.45	531.08

Competitive Comparison of Cromwell Property Group's Days Payable

For the REIT - Office subindustry, Cromwell Property Group'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.

Cromwell Property Group's Days Payable Distribution in the REITs Industry

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

* The bar in red indicates where Cromwell Property Group's Days Payable falls into.

Cromwell Property Group 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.

Cromwell Property Group's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (40.7	+	45.4)	/	2 )	/	80.5	*	365
=	43.05					/	80.5	*	365
=	195.20

Cromwell Property Group'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (45.4	+	71)	/	2 )	/	20	*	365 / 2
=	58.2					/	20	*	365 / 2
=	531.08

Cromwell Property Group Days Payable Related Terms

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Cromwell Property Group (ASX:CMW) Business Description

Industry

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Traded in Other Exchanges

C4Q:Germany

Address

200 Mary Street, Level 19, Brisbane, QLD, AUS, 4000

Website

https://www.cromwellpropertygroup.com

Cromwell Property Group is an internally managed Australian real estate investment trust. It owns an Australian portfolio of (mostly office) properties and also develops and manages properties on behalf of third-party investors. The group is exploring opportunities to sell some assets, and to spin out its office portfolio into a separate REIT, leaving the Cromwell business to focus more on funds management. The timetable is uncertain given high interest rates are a headwind for property sales and sentiment toward office stocks has been depressed since the rise of hybrid working.

Cromwell Property Group (ASX:CMW) Headlines

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