Granite Real Estate Investment Trust (Granite Real Estate Investment Trust) Days Sales Outstanding : 7.97 (As of Dec. 2023)

View and export this data going back to 2003. Start your Free Trial

What is Granite Real Estate Investment Trust Days Sales Outstanding?

Granite Real Estate Investment Trust's average Accounts Receivable for the three months ended in Dec. 2023 was $8.5 Mil. Granite Real Estate Investment Trust's Revenue for the three months ended in Dec. 2023 was $96.8 Mil. Hence, Granite Real Estate Investment Trust's Days Sales Outstanding for the three months ended in Dec. 2023 was 7.97.

The historical rank and industry rank for Granite Real Estate Investment Trust's Days Sales Outstanding or its related term are showing as below:

GRP.U' s Days Sales Outstanding Range Over the Past 10 Years
Min: 2.52 Med: 6.48 Max: 9.19
Current: 7.96

During the past 13 years, Granite Real Estate Investment Trust's highest Days Sales Outstanding was 9.19. The lowest was 2.52. And the median was 6.48.

GRP.U's Days Sales Outstanding is ranked better than
77.72% of 615 companies
in the REITs industry
Industry Median: 22.66 vs GRP.U: 7.96

Granite Real Estate Investment Trust's Days Sales Outstanding declined from Dec. 2022 (10.38) to Dec. 2023 (7.97).

Granite Real Estate Investment Trust Days Sales Outstanding Historical Data

The historical data trend for Granite Real Estate Investment Trust's Days Sales Outstanding 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.

* Premium members only.

Granite Real Estate Investment Trust Days Sales Outstanding Chart

Granite Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

8.03

7.70

8.12

9.46

8.47

Granite Real Estate Investment Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															10.38	9.15	7.52	6.57	7.97

Competitive Comparison of Granite Real Estate Investment Trust's Days Sales Outstanding

For the REIT - Industrial subindustry, Granite Real Estate Investment Trust's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.

Granite Real Estate Investment Trust's Days Sales Outstanding Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Granite Real Estate Investment Trust's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Granite Real Estate Investment Trust's Days Sales Outstanding falls into.

Granite Real Estate Investment Trust Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Granite Real Estate Investment Trust's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (8.963	+	9.068)	/	2 )	/	388.529	*	365
=	9.0155					/	388.529	*	365
=	8.47

Granite Real Estate Investment Trust's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (7.847	+	9.068)	/	2 )	/	96.785	*	365 / 4
=	8.4575					/	96.785	*	365 / 4
=	7.97

Granite Real Estate Investment Trust (NYSE:GRP.U) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Granite Real Estate Investment Trust Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Granite Real Estate Investment Trust's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

Granite Real Estate Investment Trust (Granite Real Estate Investment Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Granite Real Estate Investment Trust (NYSE:GRP.U) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

4I7:Germany GRT.UN:Canada

Address

77 King Street West, Suite 4010, P.O. Box 159, Toronto-Dominion Centre, Toronto, ON, CAN, M5K 1H1

Website

https://www.granitereit.com

Granite Real Estate Investment Trust, or Granite, is a real estate investment trust engaged in the acquisition, development, ownership and management of of logistics, warehouse and industrial properties in North America and Europe. Granite's portfolio comprises various manufacturing, corporate office, warehouse and logistics, and product engineering facilities. The vast majority of the company's assets are logistics and distribution warehouses and multipurpose buildings split fairly evenly amongst Canadian, Austrian, and U.S. locations. Granite derives nearly all of its revenue in the form of rental income from its properties. The company's tenant is Magna International, an automotive parts and systems manufacturer, which accounts for the majority of Granite's lease income.