True North Commercial REIT (TSX:TNT.UN) Days Payable : 197.10 (As of Mar. 2024)

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What is True North Commercial REIT Days Payable?

True North Commercial REIT's average Accounts Payable for the three months ended in Mar. 2024 was C$34.3 Mil. True North Commercial REIT's Cost of Goods Sold for the three months ended in Mar. 2024 was C$15.9 Mil. Hence, True North Commercial REIT's Days Payable for the three months ended in Mar. 2024 was 197.10.

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

TSX:TNT.UN' s Days Payable Range Over the Past 10 Years
Min: 65.1 Med: 114.16 Max: 218.19
Current: 211.33

During the past 12 years, True North Commercial REIT's highest Days Payable was 218.19. The lowest was 65.10. And the median was 114.16.

TSX:TNT.UN's Days Payable is ranked better than
68.26% of 523 companies
in the REITs industry
Industry Median: 128.81 vs TSX:TNT.UN: 211.33

True North Commercial REIT's Days Payable declined from Mar. 2023 (219.56) to Mar. 2024 (197.10). It may suggest that True North Commercial REIT accelerated paying its suppliers.

True North Commercial REIT Days Payable Historical Data

The historical data trend for True North Commercial 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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True North Commercial REIT Days Payable Chart

True North Commercial REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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112.62

125.74

144.64

185.98

218.19

True North Commercial REIT Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															219.56	233.05	216.36	199.26	197.10

Competitive Comparison of True North Commercial REIT's Days Payable

For the REIT - Office subindustry, True North Commercial 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.

True North Commercial REIT's Days Payable Distribution in the REITs Industry

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

* The bar in red indicates where True North Commercial REIT's Days Payable falls into.

True North Commercial 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.

True North Commercial REIT'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
=	( (36.974	+	34.347)	/	2 )	/	59.656	*	365
=	35.6605					/	59.656	*	365
=	218.19

True North Commercial REIT'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
=	( (34.347	+	34.246)	/	2 )	/	15.878	*	365 / 4
=	34.2965					/	15.878	*	365 / 4
=	197.10

True North Commercial REIT Days Payable Related Terms

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True North Commercial REIT (TSX:TNT.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » True North Commercial REIT (TSX:TNT.UN) » Definitions » Days Payable

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TUERF:USA

Address

3280 Bloor Street West, Suite 1400, Centre Tower, Toronto, ON, CAN, M8X 2X3

Website

https://www.truenorthreit.com

True North Commercial REIT is a Canadian-based open-ended Real estate investment trust company. It owns and acquires commercial real estate in Canada. The objective is to maximize the total profit for shareholders. Returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties. It has properties in Alberta, British Columbia, New Brunswick, Nova Scotia, and Ontario.

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