Heriot REIT (JSE:HET) Days Payable : 118.45 (As of Dec. 2023)

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What is Heriot REIT Days Payable?

Heriot REIT's average Accounts Payable for the six months ended in Dec. 2023 was R133.0 Mil. Heriot REIT's Cost of Goods Sold for the six months ended in Dec. 2023 was R204.9 Mil. Hence, Heriot REIT's Days Payable for the six months ended in Dec. 2023 was 118.45.

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

JSE:HET' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 153.06
Current: 153.06

During the past 6 years, Heriot REIT's highest Days Payable was 153.06. The lowest was 0.00. And the median was 0.00.

JSE:HET's Days Payable is not ranked
in the REITs industry.
Industry Median: 128.55 vs JSE:HET: 153.06

Heriot REIT's Days Payable declined from Dec. 2022 (209.85) to Dec. 2023 (118.45). It may suggest that Heriot REIT accelerated paying its suppliers.

Heriot REIT Days Payable Historical Data

The historical data trend for Heriot 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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Heriot REIT Days Payable Chart

Heriot REIT Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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Heriot REIT Semi-Annual Data
	Nov17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial							175.04	174.02	209.85	225.97	118.45

Competitive Comparison of Heriot REIT's Days Payable

For the REIT - Diversified subindustry, Heriot 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.

Heriot REIT's Days Payable Distribution in the REITs Industry

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

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

Heriot 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.

Heriot REIT's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	202.032	*	365
=	0					/	202.032	*	365
=	0.00

Heriot 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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	132.995)	/	1 )	/	204.905	*	365 / 2
=	132.995					/	204.905	*	365 / 2
=	118.45

Heriot REIT Days Payable Related Terms

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Heriot REIT (JSE:HET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Heriot REIT Ltd (JSE:HET) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

3 Melrose Boulevard, Suite 1, Ground Floor, Melrose Arch, Johannesburg, GT, ZAF, 2196

Website

http://www.heriotreit.com

Heriot REIT Ltd is a South African real estate investment trust. The company owns a portfolio of retail, industrial, office, specialized, residential properties, and others. While the majority of the revenue is earned from Industrial properties. The primary objective of the company is to develop or acquire yield-enhancing assets within Southern Africa to create a stable and diverse portfolio for the purposes of generating capital growth and securing escalating net rental income streams.

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