First Mutual Properties (XZIM:FMP.ZW) Days Payable : 82.60 (As of Jun. 2023)

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What is First Mutual Properties Days Payable?

First Mutual Properties's average Accounts Payable for the six months ended in Jun. 2023 was ZWL2,431 Mil. First Mutual Properties's Cost of Goods Sold for the six months ended in Jun. 2023 was ZWL5,372 Mil. Hence, First Mutual Properties's Days Payable for the six months ended in Jun. 2023 was 82.60.

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

XZIM:FMP.ZW' s Days Payable Range Over the Past 10 Years
Min: 36.05 Med: 78.51 Max: 1375.95
Current: 122.48

During the past 7 years, First Mutual Properties's highest Days Payable was 1375.95. The lowest was 36.05. And the median was 78.51.

XZIM:FMP.ZW's Days Payable is not ranked
in the Real Estate industry.
Industry Median: 98.245 vs XZIM:FMP.ZW: 122.48

First Mutual Properties's Days Payable increased from Jun. 2022 (9.07) to Jun. 2023 (82.60). It may suggest that First Mutual Properties delayed paying its suppliers.

First Mutual Properties Days Payable Historical Data

The historical data trend for First Mutual 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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First Mutual Properties Days Payable Chart

First Mutual Properties Annual Data

Trend

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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1,375.95

50.05

78.51

36.05

71.07

First Mutual Properties Semi-Annual Data
	Jun09	Jun11	Dec11	Jun12	Dec12	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial										18.37	22.81	9.07	-	82.60

Competitive Comparison of First Mutual Properties's Days Payable

For the Real Estate Services subindustry, First Mutual 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.

First Mutual Properties's Days Payable Distribution in the Real Estate Industry

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

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

First Mutual 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.

First Mutual Properties's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (163.793	+	553.719)	/	2 )	/	1842.422	*	365
=	358.756					/	1842.422	*	365
=	71.07

First Mutual Properties's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (553.719	+	4308.524)	/	2 )	/	5371.523	*	365 / 2
=	2431.1215					/	5371.523	*	365 / 2
=	82.60

First Mutual Properties Days Payable Related Terms

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First Mutual Properties (XZIM:FMP.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » First Mutual Properties Ltd (XZIM:FMP.ZW) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

100 Borrowdale Road, First Floor, First Mutual Park, Borrowdale, Harare, ZWE

Website

https://www.firstmutual.co.zw

First Mutual Properties Ltd is principally engaged in property investment, development, and management. The segments of the company include office, retail and industrial properties. The office segment acquires, develops and leases office in the central business district and office parks. Office comprise the high rise central business district buildings and office parks in Zimbabwe. The retail segment acquires, develops and leases shops, and the industrial segment comprises properties situated in designated industrial areas of Zimbabwe. The industrial segment comprises properties situated in designated industrial areas of Zimbabwe.

First Mutual Properties (XZIM:FMP.ZW) Headlines

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