Accelerate Property Fund (JSE:APF) Change In Working Capital: R-12.3 Mil (TTM As of Mar. 2026)

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JSE:APF Accelerate Property Fund Ltd JSE:APF
25 GF Score
Price R0.39
GF Value R0.35
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Accelerate Property Fund Change In Working Capital?

Accelerate Property Fund JSE:APF -2.50% 25 Change In Working Capital is R-12.3 Mil as of Mar. 2026. GuruFocus rates JSE:APF with a GF Score™ of 25/100 and a GF Value™ of R0.35 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Accelerate Property Fund's change in working capital for the quarter that ended in Mar. 2026 was R-35.9 Mil.

Accelerate Property Fund's change in working capital for the fiscal year that ended in Mar. 2026 was R-12.3 Mil.

It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement. Not by calculating the number changes in each periods' working capital (Total Current Assets minus Total Current Liabilities).


Accelerate Property Fund Change In Working Capital Related Terms


Accelerate Property Fund Change In Working Capital Historical Data

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The historical data trend for Accelerate Property Fund's Change In Working Capital 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.

Accelerate Property Fund Change In Working Capital Chart

Accelerate Property Fund Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Change In Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -222.51 -104.89 -105.65 -45.41 -12.31

Accelerate Property Fund Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Change In Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -48.53 2.18 -47.60 23.59 -35.90
JSE:APF
25GF Score
Accelerate Property Fund Ltd JSE:APF
Change In Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
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Accelerate Property Fund Change In Working Capital Calculation

Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-12.3 Mil.

Working Capital is a measure of a company's short term liquidity or its ability to cover short term liabilities. It is defined as the difference between a company's current assets and current liabilities.

Changes in Working Capital is reported in the cash flow statement since it is one of the major ways in which net income can differ from operating cash flow. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement.

Use Wal-Mart Stores Inc (Jan 2014, Annual Data) as an example: Source: Wal-Mart Stores Inc 2014-01-31 10-K from SEC

Consolidated Statements of Cash Flows Fiscal Years EndedJanuary 31,(Amounts in millions)
Cash flows from operating activities: 2014 2013 2012
Changes in certain assets and liabilities, net of effects of acquisitions:
Receivables, net (566) (614) (796)
Inventories (1,667) (2,759) (3,727)
Accounts payable 531 1,061 2,687
Accrued liabilities 103 271 (935)
Accrued income taxes (1,224) 981 994

For 2014-01-31, add all the items under 2014 collum together, Change in Working Capital was (566) + (1,667) + 531 + 103 + (1,224) = $ (2,823) Mil.

* 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.

What does a Change In Working Capital of R-12.3 Mil mean?
Accelerate Property Fund (JSE:APF) has a Change In Working Capital of R-12.3 Mil as of Mar. 2026. Change in Working Capital is the difference between current assets less current liabilities between the current period and the past period. View historical data for Accelerate Property Fund.
Is Accelerate Property Fund's Change In Working Capital too high?
Accelerate Property Fund's current Change In Working Capital is R-12.3 Mil. Overall, Accelerate Property Fund has a GF Score™ of 25/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Accelerate Property Fund's Change In Working Capital compare to SPG and O?
Accelerate Property Fund's Change In Working Capital of R-12.3 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Working Capital for a REITs company?
A good Change In Working Capital depends on the REITs industry context. However, Change In Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Working Capital mean?
A high Change In Working Capital can signal that a stock is expensive relative to its fundamentals. Change in Working Capital is the difference between current assets less current liabilities between the current period and the past period. View historical data for Accelerate Property Fund. Accelerate Property Fund's current Change In Working Capital is R-12.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Accelerate Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Accelerate Property Fund (JSE:APF) is currently considered Modestly Overvalued. The stock's GF Value™ is R0.35, compared to a current price of R0.39 — trading 11.4% above its estimated fair value. The current Change In Working Capital is R-12.3 Mil. Accelerate Property Fund's overall GF Score™ is 25/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Working Capital calculated?
Change In Working Capital is calculated from a company's financial statements. For Accelerate Property Fund (JSE:APF), the current Change In Working Capital is R-12.3 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Accelerate Property Fund (JSE:APF) Overvalued in 2026?

Based on GuruFocus' analysis, Accelerate Property Fund stock appears to be overvalued. The current stock price of R0.39 is trading 11.4% above its estimated GF Value™ of R0.35. GuruFocus considers Accelerate Property Fund to be Modestly Overvalued.

Key valuation signals for JSE:APF:

  • Change In Working Capital: R-12.3 Mil
  • GF Value™: R0.35 vs. price of R0.39 (11.4% above fair value)
  • GF Score™: 25/100 with 6 warning signs

No single metric tells the full story. See the JSE:APF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Accelerate Property Fund Business Description

Industry Real EstateREITs
Address 1st Floor, Corner Willow Avenue and Cedar Road, Cedar Square Shopping Centre, Management Office, Fourways, Johannesburg, GT, ZAF, 2055
Accelerate Property Fund Ltd is a retail-focused property fund. It functions through three operating segments. The industrial segment acquires, develops, and leases warehouses and factories. The retail segment acquires, develops, and leases shopping malls, community centers as well as retail centers. Commercial segment acquires develops and leases offices. Out of which Retail segment is a key revenue driver. Geographically, it has a presence in South Africa, Austria, and Slovakia, out of which the majority of its revenue is generated from South Africa.
25GF Score

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Change In Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R0.39
Price
R0.35
GF Value