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Modiv Industrial's average Accounts Payable for the three months ended in Mar. 2024 was $0.57 Mil. Modiv Industrial's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.98 Mil. Hence, Modiv Industrial's Days Payable for the three months ended in Mar. 2024 was 52.95.
The historical rank and industry rank for Modiv Industrial's Days Payable or its related term are showing as below:
During the past 5 years, Modiv Industrial's highest Days Payable was 77.19. The lowest was 44.93. And the median was 55.31.
Modiv Industrial's Days Payable increased from Mar. 2023 (41.78) to Mar. 2024 (52.95). It may suggest that Modiv Industrial delayed paying its suppliers.
The historical data trend for Modiv Industrial'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.
Modiv Industrial Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Days Payable | 49.38 | 46.86 | 77.05 | 77.19 | 55.31 |
Modiv Industrial Quarterly Data | ||||||||||||||||
Dec19 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Days Payable | Get a 7-Day Free Trial | 41.78 | 30.81 | 39.25 | 69.87 | 52.95 |
For the REIT - Diversified subindustry, Modiv Industrial'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.
For the REITs industry and Real Estate sector, Modiv Industrial's Days Payable distribution charts can be found below:
* The bar in red indicates where Modiv Industrial's Days Payable falls into.
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.
Modiv Industrial's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as
Days Payable (A: Dec. 2023 ) | |||||||||
= | Average Accounts Payable | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Accounts Payable (A: Dec. 2022 ) | + | Accounts Payable (A: Dec. 2023 )) | / | count ) | / | Cost of Goods Sold (A: Dec. 2023 ) | * | Days in Period |
= | ( (1.001 | + | 0.563) | / | 2 ) | / | 5.161 | * | 365 |
= | 0.782 | / | 5.161 | * | 365 | ||||
= | 55.31 |
Modiv Industrial's Days Payable for the quarter that ended in Mar. 2024 is calculated as:
Days Payable (Q: Mar. 2024 ) | |||||||||
= | Average Accounts Payable | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Accounts Payable (Q: Dec. 2023 ) | + | Accounts Payable (Q: Mar. 2024 )) | / | count ) | / | Cost of Goods Sold (Q: Mar. 2024 ) | * | Days in Period |
= | ( (0.563 | + | 0.579) | / | 2 ) | / | 0.984 | * | 365 / 4 |
= | 0.571 | / | 0.984 | * | 365 / 4 | ||||
= | 52.95 |
* 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.
Thank you for viewing the detailed overview of Modiv Industrial's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.
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