New Zealand Rural Land Co (FRA:8UK) Days Payable : 229.41 (As of Dec. 2023)

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What is New Zealand Rural Land Co Days Payable?

New Zealand Rural Land Co's average Accounts Payable for the six months ended in Dec. 2023 was €0.80 Mil. New Zealand Rural Land Co's Cost of Goods Sold for the six months ended in Dec. 2023 was €0.64 Mil. Hence, New Zealand Rural Land Co's Days Payable for the six months ended in Dec. 2023 was 229.41.

The historical rank and industry rank for New Zealand Rural Land Co's Days Payable or its related term are showing as below:

FRA:8UK' s Days Payable Range Over the Past 10 Years
Min: 264.45 Med: 394.39 Max: 524.33
Current: 358.47

During the past 2 years, New Zealand Rural Land Co's highest Days Payable was 524.33. The lowest was 264.45. And the median was 394.39.

FRA:8UK's Days Payable is ranked better than
82.7% of 1572 companies
in the Real Estate industry
Industry Median: 99.68 vs FRA:8UK: 358.47

New Zealand Rural Land Co's Days Payable declined from Dec. 2022 (270.09) to Dec. 2023 (229.41). It may suggest that New Zealand Rural Land Co accelerated paying its suppliers.

New Zealand Rural Land Co Days Payable Historical Data

The historical data trend for New Zealand Rural Land Co'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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New Zealand Rural Land Co Days Payable Chart

New Zealand Rural Land Co Annual Data

Trend

Jun22

Dec23

Days Payable

523.28

273.18

New Zealand Rural Land Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	-	277.43	270.09	-	229.41

Competitive Comparison of New Zealand Rural Land Co's Days Payable

For the Real Estate Services subindustry, New Zealand Rural Land Co'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.

New Zealand Rural Land Co's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, New Zealand Rural Land Co's Days Payable distribution charts can be found below:

* The bar in red indicates where New Zealand Rural Land Co's Days Payable falls into.

New Zealand Rural Land Co 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.

New Zealand Rural Land Co'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: Jun. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.605	+	0.35)	/	2 )	/	0.638	*	365
=	0.4775					/	0.638	*	365
=	273.18

New Zealand Rural Land Co'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
=	( (1.254	+	0.35)	/	2 )	/	0.638	*	365 / 2
=	0.802					/	0.638	*	365 / 2
=	229.41

New Zealand Rural Land Co Days Payable Related Terms

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New Zealand Rural Land Co (FRA:8UK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » New Zealand Rural Land Co Ltd (FRA:8UK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NZL:New Zealand

Address

c/o Duncan Cotterill, Level 2, Chartered Accountants, 50 Customhouse Quay, Wellington, NZL, 6011

Website

https://www.nzrlc.co.nz

New Zealand Rural Land Co Ltd operates as a real estate company that offers investors exposure to rural land as an asset class without direct involvement in agricultural operations. Its principal activity is an investment in New Zealand's rural farmland. The company seeks an opportunity to focus on dairyland, due to a combination of recent legislative and bank lending changes.

New Zealand Rural Land Co (FRA:8UK) Headlines

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