Apple Hospitality REIT (FRA:48T) Days Payable : 44.98 (As of Mar. 2024)

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What is Apple Hospitality REIT Days Payable?

Apple Hospitality REIT's average Accounts Payable for the three months ended in Mar. 2024 was €99 Mil. Apple Hospitality REIT's Cost of Goods Sold for the three months ended in Mar. 2024 was €201 Mil. Hence, Apple Hospitality REIT's Days Payable for the three months ended in Mar. 2024 was 44.98.

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

FRA:48T' s Days Payable Range Over the Past 10 Years
Min: 26.23 Med: 51.34 Max: 80.6
Current: 40.71

During the past 13 years, Apple Hospitality REIT's highest Days Payable was 80.60. The lowest was 26.23. And the median was 51.34.

FRA:48T's Days Payable is ranked worse than
80.11% of 523 companies
in the REITs industry
Industry Median: 128.81 vs FRA:48T: 40.71

Apple Hospitality REIT's Days Payable increased from Mar. 2023 (43.66) to Mar. 2024 (44.98). It may suggest that Apple Hospitality REIT delayed paying its suppliers.

Apple Hospitality REIT Days Payable Historical Data

The historical data trend for Apple Hospitality 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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Apple Hospitality REIT Days Payable Chart

Apple Hospitality REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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49.90

84.72

54.55

47.28

52.93

Apple Hospitality REIT 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															43.66	34.65	38.75	51.69	44.98

Competitive Comparison of Apple Hospitality REIT's Days Payable

For the REIT - Hotel & Motel subindustry, Apple Hospitality 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.

Apple Hospitality REIT's Days Payable Distribution in the REITs Industry

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

* The bar in red indicates where Apple Hospitality REIT's Days Payable falls into.

Apple Hospitality 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.

Apple Hospitality REIT'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
=	( (109.564	+	119.147)	/	2 )	/	788.65	*	365
=	114.3555					/	788.65	*	365
=	52.93

Apple Hospitality REIT'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
=	( (119.147	+	78.808)	/	2 )	/	200.795	*	365 / 4
=	98.9775					/	200.795	*	365 / 4
=	44.98

Apple Hospitality REIT Days Payable Related Terms

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Apple Hospitality REIT (FRA:48T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Apple Hospitality REIT Inc (FRA:48T) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

APLE:USA 48T:Germany

Address

814 East Main Street, Richmond, VA, USA, 23219

Website

https://www.applehospitalityreit.com

Apple Hospitality REIT Inc is a real estate investment trust that invests in income-producing real estate, majorly in the lodging sector, in the United States. It chiefly invests in upscale service hotels. All of the company's hotels operate under the Marriott or Hilton brands. Apple Hospitality has wholly owned taxable REIT subsidiaries, which lease all of the company's hotels from wholly owned qualified REIT subsidiaries. These hotels are managed under separate agreements with various hotel management companies that are unaffiliated with Apple Hospitality. The company derives its income from hotel revenue, its sole segment.

Apple Hospitality REIT (FRA:48T) Headlines

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