Mirvac GroupASX:MGR +0.85%71 Days Payable is 67.32 as of Dec. 2025, which is 173% above its 10-year median of 24.70. GuruFocus rates ASX:MGR with a GF Score™ of 71/100 and a GF Value™ of A$2.30 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 550 REITs companies, Mirvac Group ranks worse than 58% on this metric.
The historical rank and industry rank for Mirvac Group's Days Payable or its related term are showing as below:
ASX:MGR'
s Days Payable Range Over the Past 10 Years
Min: 12.16 Med: 24.7 Max: 92.45
Current: 92.45
During the past 13 years, Mirvac Group's highest Days Payable was 92.45. The lowest was 12.16. And the median was 24.70.
ASX:MGR's Days Payable is ranked worse than 58% of 550
companies
in the REITs industry
Industry Median: 119.71
vs ASX:MGR: 92.45
Mirvac Group's Days Payable
declined
from Dec. 2024 (98.24) to Dec. 2025 (67.32).
It may suggest that Mirvac Groupaccelerated paying its suppliers.
Mirvac Group Days Payable Related Terms
Mirvac Group Days Payable Historical Data
* Premium members only.
The historical data trend for Mirvac Group'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.
ASX:MGR vs VICI, WPC, BNL: Days Payable Comparison
For the REIT - Diversified subindustry, Mirvac Group'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.
Mirvac Group Days Payable vs REITs Industry
For the REITs industry and Real Estate sector, Mirvac Group's Days Payable distribution charts can be found below:
* The bar in red indicates where Mirvac Group'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.
Mirvac Group's Days Payable for the fiscal year that ended in Jun. 2025 is calculated as
* 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.
Mirvac Group (ASX:MGR) has a Days Payable of 67.32 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Mirvac Group and its competitors. This is 173% above median its historical median of 24.70. Over the past decade, Mirvac Group's Days Payable has ranged from 12.16 to 92.45. According to the industry distribution chart, Mirvac Group ranks #319 out of 550 companies in the REITs industry, placing it in the top 58%.
Is Mirvac Group's Days Payable too high?
Mirvac Group's current Days Payable of 67.32 is 173% above median its 10-year median of 24.70. Over the past 10 years, this metric has ranged from a low of 12.16 to a high of 92.45. The REITs industry median Days Payable is 119.71. Mirvac Group's value of 67.32 is 43.8% below this industry median. Based on the distribution chart, Mirvac Group ranks #319 out of 550 companies in the REITs industry, which is below the industry midpoint. Overall, Mirvac Group has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mirvac Group's Days Payable compare to VICI and WPC?
According to the REITs industry distribution chart, Mirvac Group ranks #319 out of 550 companies for Days Payable. This places Mirvac Group in the lower half of its industry. The industry median Days Payable is 119.71. Mirvac Group's value of 67.32 is 43.8% below this benchmark. Historically, Mirvac Group's own Days Payable has ranged from 12.16 to 92.45 over the past decade. While the company's 10-year median is 24.70 vs. the industry median of 119.71, Mirvac Group has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a REITs company?
The median Days Payable among REITs companies is 119.71, based on 550 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mirvac Group's current Days Payable of 67.32 is 43.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Mirvac Group and its competitors. For the REITs industry, the median Days Payable is 119.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mirvac Group's current Days Payable is 67.32, which is 173% above median its own 10-year median of 24.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mirvac Group stock overvalued right now?
Based on GuruFocus' analysis, Mirvac Group (ASX:MGR) is currently considered Modestly Undervalued. The stock's GF Value™ is A$2.30, compared to a current price of A$1.79 — trading 22.4% below its estimated fair value. The current Days Payable is 67.32, which is 173% above median its 10-year median of 24.70 and 43.8% below the REITs industry median of 119.71. Mirvac Group's overall GF Score™ is 71/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Mirvac Group (ASX:MGR), the current Days Payable is 67.32 as of Dec. 2025. 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 Mirvac Group (ASX:MGR) Overvalued in 2026?
Based on GuruFocus' analysis, Mirvac Group stock appears to be undervalued.
The current stock price of A$1.79 is trading 22.4% below its estimated GF Value™ of A$2.30.
GuruFocus considers Mirvac Group to be Modestly Undervalued.
Key valuation signals for ASX:MGR:
Days Payable: 67.32 (173% above median its 10-year median of 24.70)
GF Value™: A$2.30 vs. price of A$1.79 (22.4% below fair value)
Industry Position: 43.8% below the REITs median (#319 of 550)
No single metric tells the full story. See the ASX:MGR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mirvac started off as a residential property developer and over time expanded into property investment, funds management, and commercial property development. Investment is the major earnings driver, generating about two-thirds of group earnings. The investment portfolio, by book value, is made up of 50% office, 20% retail, 15% industrial and the rest is build-to-rent and land lease assets. Longer term, Mirvac aims to increase exposure to the industrial and living sectors and own fewer offices and retail centers. Development income is volatile and was around one-fourth of fiscal 2025 group earnings. Besides developing apartments and houses, which Mirvac is best known for, it is also involved in commercial and mixed-use precinct developments.
71GF Score
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