European Residential REIT (TSX:ERE.UN) Days Payable : 43.45 (As of Dec. 2023)

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What is European Residential REIT Days Payable?

European Residential REIT's average Accounts Payable for the three months ended in Dec. 2023 was C$3.6 Mil. European Residential REIT's Cost of Goods Sold for the three months ended in Dec. 2023 was C$7.6 Mil. Hence, European Residential REIT's Days Payable for the three months ended in Dec. 2023 was 43.45.

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

TSX:ERE.UN' s Days Payable Range Over the Past 10 Years
Min: 14.2 Med: 42.22 Max: 530.82
Current: 49.03

During the past 8 years, European Residential REIT's highest Days Payable was 530.82. The lowest was 14.20. And the median was 42.22.

TSX:ERE.UN's Days Payable is ranked worse than
74.95% of 523 companies
in the REITs industry
Industry Median: 129.64 vs TSX:ERE.UN: 49.03

European Residential REIT's Days Payable declined from Dec. 2022 (44.95) to Dec. 2023 (43.45). It may suggest that European Residential REIT accelerated paying its suppliers.

European Residential REIT Days Payable Historical Data

The historical data trend for European Residential 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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European Residential REIT Days Payable Chart

European Residential REIT Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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20.67

14.20

31.89

49.80

42.22

European Residential REIT Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															44.95	49.32	56.45	54.20	43.45

Competitive Comparison of European Residential REIT's Days Payable

For the REIT - Residential subindustry, European Residential 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.

European Residential REIT's Days Payable Distribution in the REITs Industry

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

* The bar in red indicates where European Residential REIT's Days Payable falls into.

European Residential 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.

European Residential 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
=	( (4.173	+	2.784)	/	2 )	/	30.07	*	365
=	3.4785					/	30.07	*	365
=	42.22

European Residential REIT'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (4.478	+	2.784)	/	2 )	/	7.626	*	365 / 4
=	3.631					/	7.626	*	365 / 4
=	43.45

European Residential REIT Days Payable Related Terms

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European Residential REIT (TSX:ERE.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » European Residential REIT (TSX:ERE.UN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

EREUF:USA

Address

11 Church Street, Suite 401, Toronto, ON, CAN, M5E 1W1

Website

https://www.eresreit.com

European Residential REIT is an unincorporated, open-ended real estate investment trust. The company is focused on multi-residential real estate investment trust, with a current initial focus on investing in multi-residential real estate properties in Europe. The REIT owns and operates a portfolio of multi-residential properties, including apartments and townhomes, as well as commercial properties in Europe.

European Residential REIT (TSX:ERE.UN) Headlines

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