Empire State Realty Trust (FRA:ES9) Days Payable : 42.33 (As of Mar. 2024)

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What is Empire State Realty Trust Days Payable?

Empire State Realty Trust's average Accounts Payable for the three months ended in Mar. 2024 was €37.6 Mil. Empire State Realty Trust's Cost of Goods Sold for the three months ended in Mar. 2024 was €81.0 Mil. Hence, Empire State Realty Trust's Days Payable for the three months ended in Mar. 2024 was 42.33.

The historical rank and industry rank for Empire State Realty Trust's Days Payable or its related term are showing as below:

FRA:ES9' s Days Payable Range Over the Past 10 Years
Min: 36.57 Med: 42.31 Max: 93.45
Current: 36.57

During the past 13 years, Empire State Realty Trust's highest Days Payable was 93.45. The lowest was 36.57. And the median was 42.31.

FRA:ES9's Days Payable is ranked worse than
82.13% of 526 companies
in the REITs industry
Industry Median: 128.68 vs FRA:ES9: 36.57

Empire State Realty Trust's Days Payable increased from Mar. 2023 (31.28) to Mar. 2024 (42.33). It may suggest that Empire State Realty Trust delayed paying its suppliers.

Empire State Realty Trust Days Payable Historical Data

The historical data trend for Empire State Realty Trust'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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Empire State Realty Trust Days Payable Chart

Empire State Realty Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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37.63

44.34

46.80

40.88

42.02

Empire State Realty Trust 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															31.28	30.09	34.38	42.90	42.33

Competitive Comparison of Empire State Realty Trust's Days Payable

For the REIT - Diversified subindustry, Empire State Realty Trust'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.

Empire State Realty Trust's Days Payable Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Empire State Realty Trust's Days Payable distribution charts can be found below:

* The bar in red indicates where Empire State Realty Trust's Days Payable falls into.

Empire State Realty Trust 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.

Empire State Realty Trust'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
=	( (31.083	+	40.503)	/	2 )	/	310.878	*	365
=	35.793					/	310.878	*	365
=	42.02

Empire State Realty Trust'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
=	( (40.503	+	34.66)	/	2 )	/	81.018	*	365 / 4
=	37.5815					/	81.018	*	365 / 4
=	42.33

Empire State Realty Trust Days Payable Related Terms

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Empire State Realty Trust (FRA:ES9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Empire State Realty Trust Inc (FRA:ES9) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ESRT:USA

Address

111 West 33rd Street, 12th Floor, New York, NY, USA, 10120

Website

https://www.empirestaterealtytrust.com

Empire State Realty Trust operates as a pure-play greater New York and Manhattan-focused REIT, featuring its landmark Empire State Building office and observation deck. The company owns and operates around 9.4 million square feet of office space, about 80% of which is located in Manhattan.

Empire State Realty Trust (FRA:ES9) Headlines

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