GRIT Real Estateome Group (LSE:GR1T) Days Payable : 239.21 (As of Dec. 2023)

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What is GRIT Real Estateome Group Days Payable?

GRIT Real Estateome Group's average Accounts Payable for the six months ended in Dec. 2023 was £5.13 Mil. GRIT Real Estateome Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £3.91 Mil. Hence, GRIT Real Estateome Group's Days Payable for the six months ended in Dec. 2023 was 239.21.

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

LSE:GR1T' s Days Payable Range Over the Past 10 Years
Min: 129 Med: 264.64 Max: 567.9
Current: 546.26

During the past 11 years, GRIT Real Estateome Group's highest Days Payable was 567.90. The lowest was 129.00. And the median was 264.64.

LSE:GR1T's Days Payable is ranked better than
88.28% of 1579 companies
in the Real Estate industry
Industry Median: 98.32 vs LSE:GR1T: 546.26

GRIT Real Estateome Group's Days Payable declined from Dec. 2022 (685.97) to Dec. 2023 (239.21). It may suggest that GRIT Real Estateome Group accelerated paying its suppliers.

GRIT Real Estateome Group Days Payable Historical Data

The historical data trend for GRIT Real Estateome 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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GRIT Real Estateome Group Days Payable Chart

GRIT Real Estateome Group Annual Data

Trend

Aug13

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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129.00

216.51

330.27

223.52

216.96

GRIT Real Estateome Group Semi-Annual Data
	Aug13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															544.17	650.70	685.97	735.18	239.21

Competitive Comparison of GRIT Real Estateome Group's Days Payable

For the Real Estate Services subindustry, GRIT Real Estateome 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.

GRIT Real Estateome Group's Days Payable Distribution in the Real Estate Industry

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

* The bar in red indicates where GRIT Real Estateome Group's Days Payable falls into.

GRIT Real Estateome 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.

GRIT Real Estateome Group'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
=	( (3.932	+	5.129)	/	2 )	/	7.622	*	365
=	4.5305					/	7.622	*	365
=	216.96

GRIT Real Estateome Group'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
=	( (5.129	+	0)	/	1 )	/	3.913	*	365 / 2
=	5.129					/	3.913	*	365 / 2
=	239.21

GRIT Real Estateome Group Days Payable Related Terms

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GRIT Real Estateome Group (LSE:GR1T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » GRIT Real Estate Income Group Ltd (LSE:GR1T) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

DEL.N0000:Mauritius

Address

The Precinct,, M2 Junction, B11 Fond du Sac Road, Grand Baie, MUS, 31301

Website

https://www.grit.group

GRIT Real Estate Income Group Ltd is a real estate income group operating in selected African countries that invest in real estate assets. Its geographical segments include Botswana, Senegal, Morocco, Mozambique, Zambia, Kenya, Ghana, and Mauritius.

GRIT Real Estateome Group (LSE:GR1T) Headlines

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