Noval Property Real Estate Investment Co (ATH:NOVAL) Days Payable: 228.16 (As of Dec. 2025) — Near Median


ATH:NOVAL Noval Property Real Estate Investment Co ATH:NOVAL
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What is Noval Property Real Estate Investment Co Days Payable?

Noval Property Real Estate Investment Co ATH:NOVAL -0.39% 17 Days Payable is 228.16 as of Dec. 2025, which is 9% below its 10-year median of 250.02. GuruFocus rates ATH:NOVAL with a GF Score™ of 17/100. The stock has 3 warning signs investors should review. Among 547 REITs companies, Noval Property Real Estate Investment Co ranks better than 75.87% on this metric.

Noval Property Real Estate Investment Co's average Accounts Payable for the six months ended in Dec. 2025 was €1.84 Mil. Noval Property Real Estate Investment Co's Cost of Goods Sold for the six months ended in Dec. 2025 was €1.47 Mil. Hence, Noval Property Real Estate Investment Co's Days Payable for the six months ended in Dec. 2025 was 228.16.

The historical rank and industry rank for Noval Property Real Estate Investment Co's Days Payable or its related term are showing as below:

ATH:NOVAL' s Days Payable Range Over the Past 10 Years
Min: 102.14   Med: 250.02   Max: 421.96
Current: 261.57

During the past 5 years, Noval Property Real Estate Investment Co's highest Days Payable was 421.96. The lowest was 102.14. And the median was 250.02.

ATH:NOVAL's Days Payable is ranked better than
75.87% of 547 companies
in the REITs industry
Industry Median: 119.45 vs ATH:NOVAL: 261.57

Noval Property Real Estate Investment Co's Days Payable declined from Dec. 2024 (559.70) to Dec. 2025 (228.16). It may suggest that Noval Property Real Estate Investment Co accelerated paying its suppliers.


Noval Property Real Estate Investment Co Days Payable Related Terms


Noval Property Real Estate Investment Co Days Payable Historical Data

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The historical data trend for Noval Property Real Estate Investment Co'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.

Noval Property Real Estate Investment Co Days Payable Chart

Noval Property Real Estate Investment Co Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
136.42 102.14 250.02 421.96 329.95

Noval Property Real Estate Investment Co Semi-Annual Data
Dec21 Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Days Payable Get a 7-Day Free Trial 0.00 324.09 559.70 227.06 228.16

ATH:NOVAL vs VICI, WPC, BNL: Days Payable Comparison

For the REIT - Diversified subindustry, Noval Property Real Estate Investment Co'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.


Noval Property Real Estate Investment Co Days Payable vs REITs Industry

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

* The bar in red indicates where Noval Property Real Estate Investment Co's Days Payable falls into.


ATH:NOVAL
17GF Score
Noval Property Real Estate Investment Co ATH:NOVAL
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Noval Property Real Estate Investment Co 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.

Noval Property Real Estate Investment Co's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (7.388 + 1.914) / 2 ) / 5.145*365
=4.651 / 5.145*365
=329.95

Noval Property Real Estate Investment Co's Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (1.759 + 1.914) / 2 ) / 1.469*365 / 2
=1.8365 / 1.469*365 / 2
=228.16

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 228.16 mean?
Noval Property Real Estate Investment Co (ATH:NOVAL) has a Days Payable of 228.16 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 Noval Property Real Estate Investment Co and its competitors. This is near median its historical median of 250.02. Over the past decade, Noval Property Real Estate Investment Co's Days Payable has ranged from 102.14 to 421.96. According to the industry distribution chart, Noval Property Real Estate Investment Co ranks #132 out of 547 companies in the REITs industry, placing it in the top 24.1%.
Is Noval Property Real Estate Investment Co's Days Payable too high?
Noval Property Real Estate Investment Co's current Days Payable of 228.16 is near median its 10-year median of 250.02. Over the past 10 years, this metric has ranged from a low of 102.14 to a high of 421.96. The REITs industry median Days Payable is 119.45. Noval Property Real Estate Investment Co's value of 228.16 is 91% above this industry median. Based on the distribution chart, Noval Property Real Estate Investment Co ranks #132 out of 547 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Noval Property Real Estate Investment Co has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Noval Property Real Estate Investment Co's Days Payable compare to VICI and WPC?
According to the REITs industry distribution chart, Noval Property Real Estate Investment Co ranks #132 out of 547 companies for Days Payable. This places Noval Property Real Estate Investment Co in the top 24% of its industry — outperforming the majority of peers. The industry median Days Payable is 119.45. Noval Property Real Estate Investment Co's value of 228.16 is 91% above this benchmark. Historically, Noval Property Real Estate Investment Co's own Days Payable has ranged from 102.14 to 421.96 over the past decade. While the company's 10-year median is 250.02 vs. the industry median of 119.45, Noval Property Real Estate Investment Co has consistently been above 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 119.45, based on 547 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. Noval Property Real Estate Investment Co's current Days Payable of 228.16 is 91% above 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 Noval Property Real Estate Investment Co and its competitors. For the REITs industry, the median Days Payable is 119.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noval Property Real Estate Investment Co's current Days Payable is 228.16, which is near median its own 10-year median of 250.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noval Property Real Estate Investment Co stock overvalued right now?
Noval Property Real Estate Investment Co (ATH:NOVAL) has a current Days Payable of 228.16. The current Days Payable is 228.16, which is near median its 10-year median of 250.02 and 91% above the REITs industry median of 119.45. Noval Property Real Estate Investment Co's overall GF Score™ is 17/100 with 3 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 Noval Property Real Estate Investment Co (ATH:NOVAL), the current Days Payable is 228.16 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.

Noval Property Real Estate Investment Co Business Description

Industry Real EstateREITs
Address Leof. Mesogeion 2-4, Athens, GRC, 115 27
Noval Property Real Estate Investment Co is a well-diversified Real Estate Investment Company (REIC) engaged in sourcing, evaluating, and acquiring attractive investment opportunities mainly in the Greek real estate market. The company's investment portfolio includes various real estate properties comprising office buildings, commercial spaces, retail stores, hospitality properties, logistics, industrial buildings, and warehouses, as well as land and buildings for future development. Its operating segments are Retail, which derives maximum revenue, Offices, Industrial properties, Hospitality, and Other. Geographically, the company derives a majority of its revenue from Greece in the form of rental income, and the rest from Bulgaria.
17GF Score

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