Hedge Brasil Shopping Fundo DE Investimento Imobiliario (BSP:HGBS11) Days Payable: 0.00 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:HGBS11 Hedge Brasil Shopping Fundo DE Investimento Imobiliario BSP:HGBS11
66 GF Score
Price R$19.14
GF Value R$17.46
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Hedge Brasil Shopping Fundo DE Investimento Imobiliario Days Payable?

Hedge Brasil Shopping Fundo DE Investimento Imobiliario BSP:HGBS11 66 Days Payable is 0.00 as of Dec. 2025. GuruFocus rates BSP:HGBS11 with a GF Score™ of 66/100 and a GF Value™ of R$17.46 (Fairly Valued). The stock has 5 warning signs investors should review. Among 539 REITs companies, Hedge Brasil Shopping Fundo DE Investimento Imobiliario ranks worse than 185528.57% on this metric.

Hedge Brasil Shopping Fundo DE Investimento Imobiliario's average Accounts Payable for the six months ended in Dec. 2025 was R$0.0 Mil. Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Cost of Goods Sold for the six months ended in Dec. 2025 was R$-58.3 Mil.

The historical rank and industry rank for Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Days Payable or its related term are showing as below:

During the past 13 years, Hedge Brasil Shopping Fundo DE Investimento Imobiliario's highest Days Payable was 2.51. The lowest was 2.38. And the median was 2.45.

BSP:HGBS11's Days Payable is not ranked *
in the REITs industry.
Industry Median: 119.45
* Ranked among companies with meaningful Days Payable only.

Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Days Payable stayed the same from Dec. 2023 (0.00) to Dec. 2025 (0.00).


Hedge Brasil Shopping Fundo DE Investimento Imobiliario Days Payable Related Terms


Hedge Brasil Shopping Fundo DE Investimento Imobiliario Days Payable Historical Data

* Premium members only.

The historical data trend for Hedge Brasil Shopping Fundo DE Investimento Imobiliario'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.

Hedge Brasil Shopping Fundo DE Investimento Imobiliario Days Payable Chart

Hedge Brasil Shopping Fundo DE Investimento Imobiliario Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.51 0.00 0.00 0.00 0.00

Hedge Brasil Shopping Fundo DE Investimento Imobiliario Semi-Annual Data
Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
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 2.51 0.00 0.00 0.00 0.00

BSP:HGBS11 vs SPG, O, KIM: Days Payable Comparison

For the REIT - Retail subindustry, Hedge Brasil Shopping Fundo DE Investimento Imobiliario'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.


Hedge Brasil Shopping Fundo DE Investimento Imobiliario Days Payable vs REITs Industry

For the REITs industry and Real Estate sector, Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Days Payable distribution charts can be found below:

* The bar in red indicates where Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Days Payable falls into.


BSP:HGBS11
66GF Score
Hedge Brasil Shopping Fundo DE Investimento Imobiliario BSP:HGBS11
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hedge Brasil Shopping Fundo DE Investimento Imobiliario 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.

Hedge Brasil Shopping Fundo DE Investimento Imobiliario'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
=( (0 + 0) / 1 ) / -58.317*365
=0 / -58.317*365
=N/A

Hedge Brasil Shopping Fundo DE Investimento Imobiliario'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: Dec. 2024 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (0 + 0) / 1 ) / -58.317*365 / 2
=0 / -58.317*365 / 2
=N/A

* 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 0.00 mean?
Hedge Brasil Shopping Fundo DE Investimento Imobiliario (BSP:HGBS11) has a Days Payable of 0.00 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 Hedge Brasil Shopping Fundo DE Investimento Imobiliario and its competitors. Over the past decade, Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Days Payable has ranged from 2.38 to 2.51. According to the industry distribution chart, Hedge Brasil Shopping Fundo DE Investimento Imobiliario ranks #999999 out of 539 companies in the REITs industry.
Is Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Days Payable too high?
Hedge Brasil Shopping Fundo DE Investimento Imobiliario's current Days Payable is 0.00. Over the past 10 years, this metric has ranged from a low of 2.38 to a high of 2.51. Based on the distribution chart, Hedge Brasil Shopping Fundo DE Investimento Imobiliario ranks #999999 out of 539 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Hedge Brasil Shopping Fundo DE Investimento Imobiliario has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Days Payable compare to SPG and O?
According to the REITs industry distribution chart, Hedge Brasil Shopping Fundo DE Investimento Imobiliario ranks #999999 out of 539 companies for Days Payable. This places Hedge Brasil Shopping Fundo DE Investimento Imobiliario in the lower half of its industry. The industry median Days Payable is 119.45. Historically, Hedge Brasil Shopping Fundo DE Investimento Imobiliario's own Days Payable has ranged from 2.38 to 2.51 over the past decade. 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 539 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. 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 Hedge Brasil Shopping Fundo DE Investimento Imobiliario 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. Hedge Brasil Shopping Fundo DE Investimento Imobiliario's current Days Payable is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hedge Brasil Shopping Fundo DE Investimento Imobiliario stock overvalued right now?
Based on GuruFocus' analysis, Hedge Brasil Shopping Fundo DE Investimento Imobiliario (BSP:HGBS11) is currently considered Fairly Valued. The stock's GF Value™ is R$17.46, compared to a current price of R$19.14 — trading 9.6% above its estimated fair value. The current Days Payable is 0.00. Hedge Brasil Shopping Fundo DE Investimento Imobiliario's overall GF Score™ is 66/100 with 5 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 Hedge Brasil Shopping Fundo DE Investimento Imobiliario (BSP:HGBS11), the current Days Payable is 0.00 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 Hedge Brasil Shopping Fundo DE Investimento Imobiliario (BSP:HGBS11) Overvalued in 2026?

Based on GuruFocus' analysis, Hedge Brasil Shopping Fundo DE Investimento Imobiliario stock appears to be overvalued. The current stock price of R$19.14 is trading 9.6% above its estimated GF Value™ of R$17.46. GuruFocus considers Hedge Brasil Shopping Fundo DE Investimento Imobiliario to be Fairly Valued.

Key valuation signals for BSP:HGBS11:

  • Days Payable: 0.00
  • GF Value™: R$17.46 vs. price of R$19.14 (9.6% above fair value)
  • GF Score™: 66/100 with 5 warning signs

No single metric tells the full story. See the BSP:HGBS11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hedge Brasil Shopping Fundo DE Investimento Imobiliario Business Description

Industry Real EstateREITs
Address Avenue Brigadeiro Faria, 3600 - 11th floor, Sao Paulo, SP, BRA, 4538132
Hedge Brasil Shopping Fundo DE Investimento Imobiliario is a Brazilian real estate investment fund with objective to obtain capital appreciation by acquisition of interests in shopping centers. The objective of the Fund is the acquisition for commercial exploitation of commercial real estate projects, which are duly built or are subject to renovations, improvements or expansions, through the acquisition of portions and/or the entirety of real estate projects, directly or indirectly, through the assets provided for in the Regulation, for subsequent sale, rental or leasing, including assets and rights related to them.
66GF Score

Get the complete analysis for BSP:HGBS11

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

R$19.14
Price
R$17.46
GF Value