Asset Plus (NZSE:APL) Days Payable : 129.48 (As of Sep. 2023)

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What is Asset Plus Days Payable?

Asset Plus's average Accounts Payable for the six months ended in Sep. 2023 was NZ$1.03 Mil. Asset Plus's Cost of Goods Sold for the six months ended in Sep. 2023 was NZ$1.46 Mil. Hence, Asset Plus's Days Payable for the six months ended in Sep. 2023 was 129.48.

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

NZSE:APL' s Days Payable Range Over the Past 10 Years
Min: 9.35 Med: 13.64 Max: 375.68
Current: 375.68

During the past 13 years, Asset Plus's highest Days Payable was 375.68. The lowest was 9.35. And the median was 13.64.

NZSE:APL's Days Payable is ranked better than
82.48% of 525 companies
in the REITs industry
Industry Median: 128.55 vs NZSE:APL: 375.68

Asset Plus's Days Payable declined from Sep. 2022 (240.91) to Sep. 2023 (129.48). It may suggest that Asset Plus accelerated paying its suppliers.

Asset Plus Days Payable Historical Data

The historical data trend for Asset Plus'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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Asset Plus Days Payable Chart

Asset Plus Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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9.43

63.12

13.64

11.60

9.35

Asset Plus 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															175.51	167.00	240.91	443.16	129.48

Competitive Comparison of Asset Plus's Days Payable

For the REIT - Diversified subindustry, Asset Plus'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.

Asset Plus's Days Payable Distribution in the REITs Industry

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

* The bar in red indicates where Asset Plus's Days Payable falls into.

Asset Plus 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.

Asset Plus'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
=	( (0.134	+	0.073)	/	2 )	/	4.041	*	365
=	0.1035					/	4.041	*	365
=	9.35

Asset Plus'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
=	( (0.073	+	1.993)	/	2 )	/	1.456	*	365 / 2
=	1.033					/	1.456	*	365 / 2
=	129.48

Asset Plus Days Payable Related Terms

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Asset Plus (NZSE:APL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Asset Plus Ltd (NZSE:APL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Gaunt Street, Level 2, Bayleys House, Wynyard Quarter, Auckland, NTL, NZL, 1010

Website

https://www.assetplusnz.co.nz

Asset Plus Ltd is a commercial property investment company. Its investment portfolio includes investments in retail, industrial, and commercial buildings throughout New Zealand. Its objective of property investment is to deliver consistent dividends and growth in capital value for its shareholders.

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