Bhiraj Office Leasehold REIT (BKK:BOFFICE) Days Payable: 106.69 (As of Mar. 2026) — Near Median

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BKK:BOFFICE Bhiraj Office Leasehold REIT BKK:BOFFICE
79 GF Score
Price ฿5.50
GF Value ฿4.89
Valuation Modestly Overvalued
! 11 Warning Signs
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What is Bhiraj Office Leasehold REIT Days Payable?

Bhiraj Office Leasehold REIT BKK:BOFFICE 79 Days Payable is 106.69 as of Mar. 2026, which is 9% above its 10-year median of 97.73. GuruFocus rates BKK:BOFFICE with a GF Score™ of 79/100 and a GF Value™ of ฿4.89 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 546 REITs companies, Bhiraj Office Leasehold REIT ranks worse than 54.21% on this metric.

Bhiraj Office Leasehold REIT's average Accounts Payable for the three months ended in Mar. 2026 was ฿83.8 Mil. Bhiraj Office Leasehold REIT's Cost of Goods Sold for the three months ended in Mar. 2026 was ฿71.7 Mil. Hence, Bhiraj Office Leasehold REIT's Days Payable for the three months ended in Mar. 2026 was 106.69.

The historical rank and industry rank for Bhiraj Office Leasehold REIT's Days Payable or its related term are showing as below:

BKK:BOFFICE' s Days Payable Range Over the Past 10 Years
Min: 91.92   Med: 97.73   Max: 136.88
Current: 104.53

During the past 8 years, Bhiraj Office Leasehold REIT's highest Days Payable was 136.88. The lowest was 91.92. And the median was 97.73.

BKK:BOFFICE's Days Payable is ranked worse than
54.21% of 546 companies
in the REITs industry
Industry Median: 119.39 vs BKK:BOFFICE: 104.53

Bhiraj Office Leasehold REIT's Days Payable increased from Mar. 2025 (92.83) to Mar. 2026 (106.69). It may suggest that Bhiraj Office Leasehold REIT delayed paying its suppliers.


Bhiraj Office Leasehold REIT Days Payable Historical Data

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The historical data trend for Bhiraj Office Leasehold 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.

Bhiraj Office Leasehold REIT Days Payable Chart

Bhiraj Office Leasehold REIT Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial 93.78 105.53 113.36 93.45 94.13

Bhiraj Office Leasehold REIT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable 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 92.83 87.27 107.05 119.78 106.69

BKK:BOFFICE vs BXP, ARE, VNO: Days Payable Comparison

For the REIT - Office subindustry, Bhiraj Office Leasehold 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.


Bhiraj Office Leasehold REIT Days Payable vs REITs Industry

For the REITs industry and Real Estate sector, Bhiraj Office Leasehold REIT's Days Payable distribution charts can be found below:

* The bar in red indicates where Bhiraj Office Leasehold REIT's Days Payable falls into.


BKK:BOFFICE
79GF Score
Bhiraj Office Leasehold REIT BKK:BOFFICE
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Bhiraj Office Leasehold 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.

Bhiraj Office Leasehold REIT'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
=( (63.447 + 81.678) / 2 ) / 281.36*365
=72.5625 / 281.36*365
=94.13

Bhiraj Office Leasehold REIT's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (81.678 + 85.947) / 2 ) / 71.682*365 / 4
=83.8125 / 71.682*365 / 4
=106.69

* 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 106.69 mean?
Bhiraj Office Leasehold REIT (BKK:BOFFICE) has a Days Payable of 106.69 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Bhiraj Office Leasehold REIT and its competitors. This is near median its historical median of 97.73. Over the past decade, Bhiraj Office Leasehold REIT's Days Payable has ranged from 91.92 to 136.88. According to the industry distribution chart, Bhiraj Office Leasehold REIT ranks #296 out of 546 companies in the REITs industry, placing it in the top 54.2%.
Is Bhiraj Office Leasehold REIT's Days Payable too high?
Bhiraj Office Leasehold REIT's current Days Payable of 106.69 is near median its 10-year median of 97.73. Over the past 10 years, this metric has ranged from a low of 91.92 to a high of 136.88. The REITs industry median Days Payable is 119.39. Bhiraj Office Leasehold REIT's value of 106.69 is 10.6% below this industry median. Based on the distribution chart, Bhiraj Office Leasehold REIT ranks #296 out of 546 companies in the REITs industry, which is below the industry midpoint. Overall, Bhiraj Office Leasehold REIT has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bhiraj Office Leasehold REIT's Days Payable compare to BXP and ARE?
According to the REITs industry distribution chart, Bhiraj Office Leasehold REIT ranks #296 out of 546 companies for Days Payable. This places Bhiraj Office Leasehold REIT in the lower half of its industry. The industry median Days Payable is 119.39. Bhiraj Office Leasehold REIT's value of 106.69 is 10.6% below this benchmark. Historically, Bhiraj Office Leasehold REIT's own Days Payable has ranged from 91.92 to 136.88 over the past decade. While the company's 10-year median is 97.73 vs. the industry median of 119.39, Bhiraj Office Leasehold REIT 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 119.39, based on 546 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. Bhiraj Office Leasehold REIT's current Days Payable of 106.69 is 10.6% 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 Bhiraj Office Leasehold REIT and its competitors. For the REITs industry, the median Days Payable is 119.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bhiraj Office Leasehold REIT's current Days Payable is 106.69, which is near median its own 10-year median of 97.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bhiraj Office Leasehold REIT stock overvalued right now?
Based on GuruFocus' analysis, Bhiraj Office Leasehold REIT (BKK:BOFFICE) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿4.89, compared to a current price of ฿5.50 — trading 12.5% above its estimated fair value. The current Days Payable is 106.69, which is near median its 10-year median of 97.73 and 10.6% below the REITs industry median of 119.39. Bhiraj Office Leasehold REIT's overall GF Score™ is 79/100 with 11 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 Bhiraj Office Leasehold REIT (BKK:BOFFICE), the current Days Payable is 106.69 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 Bhiraj Office Leasehold REIT (BKK:BOFFICE) Overvalued in 2026?

Based on GuruFocus' analysis, Bhiraj Office Leasehold REIT stock appears to be overvalued. The current stock price of ฿5.50 is trading 12.5% above its estimated GF Value™ of ฿4.89. GuruFocus considers Bhiraj Office Leasehold REIT to be Modestly Overvalued.

Key valuation signals for BKK:BOFFICE:

  • Days Payable: 106.69 (near median its 10-year median of 97.73)
  • GF Value™: ฿4.89 vs. price of ฿5.50 (12.5% above fair value)
  • GF Score™: 79/100 with 11 warning signs
  • Industry Position: 10.6% below the REITs median (#296 of 546)

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


Bhiraj Office Leasehold REIT Business Description

Industry Real EstateREITs
Address Sukhumvit Road, 591 United Business Center II Building, 7th Floor, Khlong Tan Nuea, Wattana, Bangkok, THA, 10110
Bhiraj Office Leasehold REIT is a closed-end real estate investment trust. The company invests in long-term leasehold rights in the office building area. Its objectives are to mobilize funds raised from the selling of trust units and loans from the financial institution to invest in the leasehold right of Bhiraj Tower at the EmQuartier project and BHIRAJ TOWER at the BITEC project, which comprises the majority of the office rental areas and the associated operation areas. It operates in one segment, namely the lease of property investment in Thailand.
79GF Score

Get the complete analysis for BKK:BOFFICE

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿5.50
Price
฿4.89
GF Value