Burstone Group (JSE:BTN) Days Payable : 267.74 (As of Sep. 2023)

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What is Burstone Group Days Payable?

Burstone Group's average Accounts Payable for the six months ended in Sep. 2023 was R458 Mil. Burstone Group's Cost of Goods Sold for the six months ended in Sep. 2023 was R312 Mil. Hence, Burstone Group's Days Payable for the six months ended in Sep. 2023 was 267.74.

The historical rank and industry rank for Burstone Group's Days Payable or its related term are showing as below:

JSE:BTN' s Days Payable Range Over the Past 10 Years
Min: 12.56 Med: 66.48 Max: 300.58
Current: 270.03

During the past 12 years, Burstone Group's highest Days Payable was 300.58. The lowest was 12.56. And the median was 66.48.

JSE:BTN's Days Payable is ranked better than
75.29% of 526 companies
in the REITs industry
Industry Median: 128.68 vs JSE:BTN: 270.03

Burstone Group's Days Payable increased from Sep. 2022 (173.16) to Sep. 2023 (267.74). It may suggest that Burstone Group delayed paying its suppliers.

Burstone Group Days Payable Historical Data

The historical data trend for Burstone Group'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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Burstone Group Days Payable Chart

Burstone Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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64.20

129.86

300.58

149.37

64.43

Burstone Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															436.72	115.32	173.16	176.35	267.74

Competitive Comparison of Burstone Group's Days Payable

For the REIT - Diversified subindustry, Burstone Group'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.

Burstone Group's Days Payable Distribution in the REITs Industry

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

* The bar in red indicates where Burstone Group's Days Payable falls into.

Burstone Group 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.

Burstone Group's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (96.028	+	129.738)	/	2 )	/	639.531	*	365
=	112.883					/	639.531	*	365
=	64.43

Burstone Group's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (129.738	+	786.487)	/	2 )	/	312.265	*	365 / 2
=	458.1125					/	312.265	*	365 / 2
=	267.74

Burstone Group Days Payable Related Terms

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Burstone Group (JSE:BTN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Burstone Group Ltd (JSE:BTN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

100 Grayston Drive, Sandown, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.investecproperty.com

Burstone Group Ltd Formerly Investec Property Fund Ltd is a real estate investment trust operating in South Africa and formed with the purpose of investing in direct real estate. The objective of the fund is to expand its asset base by investing in well-priced income-producing investment properties. The fund invests in the office, industrial, and retail property sectors and is managed and operated by Investec Property, which is a wholly-owned subsidiary of Investec. The fund is well diversified in terms of sectoral spread but mostly concentrates investments in the province of Gauteng from a geographical spread standpoint. The vast majority of the fund's revenue is derived from contracted rental fees.

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