Stride Property (NZSE:SPG) Days Payable : 77.75 (As of Sep. 2023)

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What is Stride Property Days Payable?

Stride Property's average Accounts Payable for the six months ended in Sep. 2023 was NZ$5.7 Mil. Stride Property's Cost of Goods Sold for the six months ended in Sep. 2023 was NZ$13.4 Mil. Hence, Stride Property's Days Payable for the six months ended in Sep. 2023 was 77.75.

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

NZSE:SPG' s Days Payable Range Over the Past 10 Years
Min: 34.09 Med: 62.28 Max: 412.43
Current: 412.43

During the past 13 years, Stride Property's highest Days Payable was 412.43. The lowest was 34.09. And the median was 62.28.

NZSE:SPG's Days Payable is ranked better than
84.89% of 523 companies
in the REITs industry
Industry Median: 128.81 vs NZSE:SPG: 412.43

Stride Property's Days Payable declined from Sep. 2022 (573.12) to Sep. 2023 (77.75). It may suggest that Stride Property accelerated paying its suppliers.

Stride Property Days Payable Historical Data

The historical data trend for Stride Property'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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Stride Property Days Payable Chart

Stride Property Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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62.28

61.31

56.69

45.79

34.09

Stride Property 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															219.66	210.51	573.12	591.11	77.75

Competitive Comparison of Stride Property's Days Payable

For the REIT - Diversified subindustry, Stride Property'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.

Stride Property's Days Payable Distribution in the REITs Industry

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

* The bar in red indicates where Stride Property's Days Payable falls into.

Stride Property 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.

Stride Property'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
=	( (2.952	+	1.458)	/	2 )	/	23.607	*	365
=	2.205					/	23.607	*	365
=	34.09

Stride Property'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
=	( (1.458	+	9.98)	/	2 )	/	13.424	*	365 / 2
=	5.719					/	13.424	*	365 / 2
=	77.75

Stride Property Days Payable Related Terms

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Stride Property (NZSE:SPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Stride Property Ltd (NZSE:SPG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

34 Shortland Street, Level 12, Louise Hill, Auckland, NTL, NZL, 1010

Website

https://www.strideproperty.co.nz

Stride Property Ltd is a real estate company that owns and manages investment properties in New Zealand. Most of the properties are located in Auckland, followed by Wellington, Northern Regional, and South Island. Stride's portfolio consists of commercial office, retail, and industrial property, as well as land. Retail properties deliver the majority of contract rental revenue, followed by office and industrial properties. The company's major tenants include general distributors, large retailers, banks, the New Zealand government, and industrial companies.