Rural Funds Group (ASX:RFF) Days Payable : 48.47 (As of Dec. 2023)

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What is Rural Funds Group Days Payable?

Rural Funds Group's average Accounts Payable for the six months ended in Dec. 2023 was A$5.4 Mil. Rural Funds Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$20.3 Mil. Hence, Rural Funds Group's Days Payable for the six months ended in Dec. 2023 was 48.47.

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

ASX:RFF' s Days Payable Range Over the Past 10 Years
Min: 34.77 Med: 45.57 Max: 243.24
Current: 74.97

During the past 10 years, Rural Funds Group's highest Days Payable was 243.24. The lowest was 34.77. And the median was 45.57.

ASX:RFF's Days Payable is ranked worse than
65.27% of 524 companies
in the REITs industry
Industry Median: 126.16 vs ASX:RFF: 74.97

Rural Funds Group's Days Payable declined from Dec. 2022 (54.61) to Dec. 2023 (48.47). It may suggest that Rural Funds Group accelerated paying its suppliers.

Rural Funds Group Days Payable Historical Data

The historical data trend for Rural Funds 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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Rural Funds Group Days Payable Chart

Rural Funds Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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85.62

76.09

34.77

39.99

50.91

Rural Funds 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															45.07	118.30	54.61	124.68	48.47

Competitive Comparison of Rural Funds Group's Days Payable

For the REIT - Specialty subindustry, Rural Funds 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.

Rural Funds Group's Days Payable Distribution in the REITs Industry

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

* The bar in red indicates where Rural Funds Group's Days Payable falls into.

Rural Funds 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.

Rural Funds 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
=	( (2.142	+	3.935)	/	2 )	/	21.784	*	365
=	3.0385					/	21.784	*	365
=	50.91

Rural Funds 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
=	( (3.935	+	6.849)	/	2 )	/	20.302	*	365 / 2
=	5.392					/	20.302	*	365 / 2
=	48.47

Rural Funds Group Days Payable Related Terms

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Rural Funds Group (ASX:RFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Rural Funds Group (ASX:RFF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RFNDF:USA

Address

2 King Street, Level 2, Deakin, Canberra, ACT, AUS, 2600

Website

https://www.ruralfunds.com.au

Rural Funds Group is a real estate investment trust, which holds and leases agricultural property and equipment. The company's operating segment includes Almonds; Cattle; Vineyards; Cropping, Macadamias, and Other. It generates maximum revenue from the Almonds segment.

Rural Funds Group (ASX:RFF) Headlines

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