Spear REIT (JSE:SEA) Days Payable : 95.52 (As of Aug. 2023)

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What is Spear REIT Days Payable?

Spear REIT's average Accounts Payable for the six months ended in Aug. 2023 was R53.1 Mil. Spear REIT's Cost of Goods Sold for the six months ended in Aug. 2023 was R101.4 Mil. Hence, Spear REIT's Days Payable for the six months ended in Aug. 2023 was 95.52.

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

JSE:SEA' s Days Payable Range Over the Past 10 Years
Min: 13.36 Med: 26.59 Max: 178.47
Current: 117.12

During the past 7 years, Spear REIT's highest Days Payable was 178.47. The lowest was 13.36. And the median was 26.59.

JSE:SEA's Days Payable is ranked worse than
53.42% of 526 companies
in the REITs industry
Industry Median: 128.68 vs JSE:SEA: 117.12

Spear REIT's Days Payable increased from Aug. 2022 (79.53) to Aug. 2023 (95.52). It may suggest that Spear REIT delayed paying its suppliers.

Spear REIT Days Payable Historical Data

The historical data trend for Spear 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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Spear REIT Days Payable Chart

Spear REIT Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Payable

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26.59

24.20

51.76

24.41

13.36

Spear REIT Semi-Annual Data
	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Days Payable	Get a 7-Day Free Trial									101.39	73.42	79.53	90.28	95.52

Competitive Comparison of Spear REIT's Days Payable

For the REIT - Diversified subindustry, Spear 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.

Spear REIT's Days Payable Distribution in the REITs Industry

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

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

Spear 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.

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

	Days Payable (A: Feb. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2022 )	+	Accounts Payable (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (3.367	+	11.126)	/	2 )	/	198.023	*	365
=	7.2465					/	198.023	*	365
=	13.36

Spear REIT's Days Payable for the quarter that ended in Aug. 2023 is calculated as:

	Days Payable (Q: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Feb. 2023 )	+	Accounts Payable (Q: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
=	( (11.126	+	95.048)	/	2 )	/	101.428	*	365 / 2
=	53.087					/	101.428	*	365 / 2
=	95.52

Spear REIT Days Payable Related Terms

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Spear REIT (JSE:SEA) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Long Street, PO Box 50, 16th Floor, Cape Town, ZAF, 8001

Website

https://www.spearprop.co.za

Spear REIT Ltd is a real estate investment trust. The company is a diversified property investment company investing in real estate sectors including office, retail, industrial, residential, and hospitality. Its operating business segments are Industrial, Commercial, Retail, Hospitality, Residential, Development, and Non-property. The segments derive their revenue mainly from rental income from leases. The company derives maximum revenue from the Industrial segment.

Spear REIT (JSE:SEA) Headlines

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