EastGroup Properties (EastGroup Properties) Days Payable : 31.45 (As of Mar. 2024)

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What is EastGroup Properties Days Payable?

EastGroup Properties's average Accounts Payable for the three months ended in Mar. 2024 was $14.8 Mil. EastGroup Properties's Cost of Goods Sold for the three months ended in Mar. 2024 was $43.0 Mil. Hence, EastGroup Properties's Days Payable for the three months ended in Mar. 2024 was 31.45.

The historical rank and industry rank for EastGroup Properties's Days Payable or its related term are showing as below:

EGP' s Days Payable Range Over the Past 10 Years
Min: 8.56 Med: 25.02 Max: 31.92
Current: 31.92

During the past 13 years, EastGroup Properties's highest Days Payable was 31.92. The lowest was 8.56. And the median was 25.02.

EGP's Days Payable is ranked worse than
83.72% of 522 companies
in the REITs industry
Industry Median: 128.345 vs EGP: 31.92

EastGroup Properties's Days Payable increased from Mar. 2023 (30.03) to Mar. 2024 (31.45). It may suggest that EastGroup Properties delayed paying its suppliers.

EastGroup Properties Days Payable Historical Data

The historical data trend for EastGroup Properties'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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EastGroup Properties Days Payable Chart

EastGroup Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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8.56

20.61

29.42

30.81

EastGroup Properties Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															30.03	31.19	31.26	34.62	31.45

Competitive Comparison of EastGroup Properties's Days Payable

For the REIT - Industrial subindustry, EastGroup Properties'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.

EastGroup Properties's Days Payable Distribution in the REITs Industry

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

* The bar in red indicates where EastGroup Properties's Days Payable falls into.

EastGroup Properties 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.

EastGroup Properties'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
=	( (11.011	+	14.992)	/	2 )	/	154.03	*	365
=	13.0015					/	154.03	*	365
=	30.81

EastGroup Properties's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (14.992	+	14.652)	/	2 )	/	43.003	*	365 / 4
=	14.822					/	43.003	*	365 / 4
=	31.45

EastGroup Properties Days Payable Related Terms

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EastGroup Properties (EastGroup Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » EastGroup Properties Inc (NYSE:EGP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

EGO:Germany

Address

400 West Parkway Place, Suite 100, Ridgeland, MS, USA, 39157

Website

https://www.eastgroup.net

EastGroup Properties Inc is an equity real estate investment trust. It is engaged in the development, acquisition, and operation of industrial properties in major Sunbelt markets throughout the United States, primarily in the states of Florida, Texas, Arizona, California, and North Carolina. The company manages a portfolio of industrial properties. The vast majority of these properties are multi-tenant business distribution buildings that provide large warehousing and office space for customers. Properties located in Texas and Florida account for most of EastGroup's total real estate portfolio. The company derives its revenue in the form of rental income.

Executives

John F Coleman	officer: Executive Vice President	7003 PRESIDENTS DRIVE, STE 800, ORLANDO FL 32701
Richard Reid Dunbar	officer: Senior Vice President	190 EAST CAPITOL STREET, SUITE 400, JACKSON MS 39201
Eaves Hayden C Iii	director	201 S LAKE AVE, STE 501, PASADENA CA 91101
David Michael Fields	director	34 OAK TRAIL COURT, ALAMO CA 94507
Staci H. Tyler	officer: Senior VP, CAO and Secretary	EASTGROUP PROPERTIES, INC., 400 W. PARKWAY PLACE, SUITE 100, RIDGELAND MS 39157
Leland R Speed	director
Hoster David H Ii	director	188 EAST CAPITAL STREET, 300MONE JACKSON PLACE, JACKSON MS 39201
Katherine M Sandstrom	director	4600 SOUTH SYRACUSE STREET, SUITE 500, DENVER CO 80237
Bailey H C Jr	director	1052 HIGHLAND COLONY PARKWAY, STE 202, RIDGELAND MS 39157
Brent Wood	officer: Executive Vice President & CFO	188 E CAPITOL ST, 300 ONE JACKSON PL, JACKSON MS 39201
Donald F Colleran	director	942 SOUTH SHADY GROVE ROAD, MEMPHIS TN 38117
D Pike Aloian	director	C/O ROTHSCHILD REALTY INC, 1251 AVENUEOF THE AMERICAS, NEW YORK NY 10020
Mary E Mccormick	director	188 E. CAPITOL STREET, 300 ONE JACKSON PLACE, JACKSON MS 39201
Bolton H Eric Jr	director
Marshall A Loeb	director, officer: President and CEO	C/O EASTGROUP PROPERTIES, INC., 190 EAST CAPITOL STREET, JACKSON MS 39201