Preferred Apartment Communities (Preferred Apartment Communities) Days Payable : 90.40 (As of Mar. 2022)

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What is Preferred Apartment Communities Days Payable?

Preferred Apartment Communities's average Accounts Payable for the three months ended in Mar. 2022 was $35.8 Mil. Preferred Apartment Communities's Cost of Goods Sold for the three months ended in Mar. 2022 was $36.1 Mil. Hence, Preferred Apartment Communities's Days Payable for the three months ended in Mar. 2022 was 90.40.

The historical rank and industry rank for Preferred Apartment Communities's Days Payable or its related term are showing as below:

APTS's Days Payable is not ranked ^*
in the REITs industry.
Industry Median: 125.84
* Ranked among companies with meaningful Days Payable only.

Preferred Apartment Communities's Days Payable declined from Mar. 2021 (96.78) to Mar. 2022 (90.40). It may suggest that Preferred Apartment Communities accelerated paying its suppliers.

Preferred Apartment Communities Days Payable Historical Data

The historical data trend for Preferred Apartment Communities'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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Preferred Apartment Communities Days Payable Chart

Preferred Apartment Communities Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Payable

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114.78

100.03

96.64

95.23

98.60

Preferred Apartment Communities Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Days Payable	Get a 7-Day Free Trial															96.78	104.34	127.99	112.13	90.40

Competitive Comparison of Preferred Apartment Communities's Days Payable

For the REIT - Diversified subindustry, Preferred Apartment Communities'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.

Preferred Apartment Communities's Days Payable Distribution in the REITs Industry

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

* The bar in red indicates where Preferred Apartment Communities's Days Payable falls into.

Preferred Apartment Communities 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.

Preferred Apartment Communities's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

	Days Payable (A: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2020 )	+	Accounts Payable (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (41.912	+	36.517)	/	2 )	/	145.158	*	365
=	39.2145					/	145.158	*	365
=	98.60

Preferred Apartment Communities's Days Payable for the quarter that ended in Mar. 2022 is calculated as:

	Days Payable (Q: Mar. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2021 )	+	Accounts Payable (Q: Mar. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2022 )	*	Days in Period
=	( (36.517	+	35.046)	/	2 )	/	36.116	*	365 / 4
=	35.7815					/	36.116	*	365 / 4
=	90.40

Preferred Apartment Communities Days Payable Related Terms

Thank you for viewing the detailed overview of Preferred Apartment Communities's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Preferred Apartment Communities (Preferred Apartment Communities) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Preferred Apartment Communities Inc (NYSE:APTS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3284 Northside Parkway NW, Suite 150, Atlanta, GA, USA, 30327

Website

https://www.pacapts.com

Preferred Apartment Communities Inc is a real estate investment trust that acquires and operates multifamily properties in select targeted markets throughout the United States. It operates through the following segments: The Multifamily Communities segment being the highest revenue generating segment; Financing segment refers to the portfolio of real estate loans, bridge loans, other instruments, and other real estate related assets; New Market Properties segment covers a portfolio of grocery-anchored shopping centers, as well as the financial results from the retail real estate loans; and Preferred Office properties segment relates to the office buildings.

Executives

Sara Finley	director	ONE CVS DRIVE, WOONSOCKET RI 02895
Jeffrey David Sherman	officer: PRESIDENT - MULTIFAMILY	3284 NORTHSIDE PARKWAY NW SUITE 150 ATLANTA GA 30327
Michael Aide	officer: PRESIDENT - RETAIL	3284 NORTHSIDE PARKWAY NW SUITE 150 ATLANTA GA 30327
John A Isakson	officer: CHIEF FINANCIAL OFFICER	3284 NORTHSIDE PARKWAY, NW, SUITE 150, ATLANTA GA 30327
Jeffrey R Sprain	officer: EVP, GENERAL COUNSEL AND SEC.	3284 NORTHSIDE PARKWAY, NW, SUITE 150 ATLANTA GA 30327
Daphne Bryson Jackson	director	3284 NORTHSIDE PARKWAY NW SUITE 150 ATLANTA GA 30327
John M Cannon	director	3284 NORTHSIDE PARKWAY NW SUITE 150 ATLANTA GA 30327
Daniel M Dupree	director	2500 WINDY RIDGE PARKWAY SUITE 1600, ATLANTA GA 30339
Parker Boone Dupree	officer: President - Office	3284 NORTHSIDE PARKWAY NW SUITE 150 ATLANTA GA 30327
Joel T Murphy	director, officer: See Remarks	2500 WINDY RIDGE PARKWAY, SUITE 1600, ATLANTA GA 30339
Michael Joseph Cronin	officer: See Remarks	3625 CUMBERLAND BOULDEVARD SUITE 400 ATLANTA GA 30339
Steve Bartkowski	director	3625 CUMBERLAND BOULDEVARD SUITE 400 ATLANTA GA 30339
Gary B Coursey	director
Gresham William J Jr	director	1010 RICHMOND HILL DRIVE MARIETTA GA 30068
Timothy Alan Peterson	director	3625 CUMBERLAND BOULDEVARD SUITE 400 ATLANTA GA 30339