Real Estate Fund -Fundo De Investimento Imobiliario (BSP:ZAVI11) Days Payable: 2,234.69 (As of Jun. 2025) — 31% Below Median


BSP:ZAVI11 Real Estate Fund -Fundo De Investimento Imobiliario BSP:ZAVI11
57 GF Score
Price R$9.57
GF Value R$19.53
Valuation Possible Value Trap
! 2 Warning Signs
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What is Real Estate Fund -Fundo De Investimento Imobiliario Days Payable?

Real Estate Fund -Fundo De Investimento Imobiliario BSP:ZAVI11 -0.62% 57 Days Payable is 2,234.69 as of Jun. 2025, which is 31% below its 10-year median of 3,236.87. GuruFocus rates BSP:ZAVI11 with a GF Score™ of 57/100 and a GF Value™ of R$19.53 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 547 REITs companies, Real Estate Fund -Fundo De Investimento Imobiliario ranks better than 96.34% on this metric.

Real Estate Fund -Fundo De Investimento Imobiliario's average Accounts Payable for the six months ended in Jun. 2025 was R$85.24 Mil. Real Estate Fund -Fundo De Investimento Imobiliario's Cost of Goods Sold for the six months ended in Jun. 2025 was R$13.92 Mil. Hence, Real Estate Fund -Fundo De Investimento Imobiliario's Days Payable for the six months ended in Jun. 2025 was 1,117.34.

The historical rank and industry rank for Real Estate Fund -Fundo De Investimento Imobiliario's Days Payable or its related term are showing as below:

BSP:ZAVI11' s Days Payable Range Over the Past 10 Years
Min: 2234.69   Med: 3236.87   Max: 3749.56
Current: 2234.69

During the past 4 years, Real Estate Fund -Fundo De Investimento Imobiliario's highest Days Payable was 3749.56. The lowest was 2234.69. And the median was 3236.87.

BSP:ZAVI11's Days Payable is ranked better than
96.34% of 547 companies
in the REITs industry
Industry Median: 119.45 vs BSP:ZAVI11: 2234.69

Real Estate Fund -Fundo De Investimento Imobiliario's Days Payable declined from Jun. 2023 (3,749.56) to Jun. 2025 (2,234.69). It may suggest that Real Estate Fund -Fundo De Investimento Imobiliario accelerated paying its suppliers.


Real Estate Fund -Fundo De Investimento Imobiliario Days Payable Related Terms


Real Estate Fund -Fundo De Investimento Imobiliario Days Payable Historical Data

* Premium members only.

The historical data trend for Real Estate Fund -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.

Real Estate Fund -Fundo De Investimento Imobiliario Days Payable Chart

Real Estate Fund -Fundo De Investimento Imobiliario Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Days Payable
3,561.56 3,749.56 2,912.18 2,234.69

Real Estate Fund -Fundo De Investimento Imobiliario Semi-Annual Data
Jun22 Jun23 Jun24 Jun25
Days Payable 3,561.56 3,749.56 2,912.18 2,234.69

BSP:ZAVI11 vs VICI, WPC: Days Payable Comparison

For the REIT - Diversified subindustry, Real Estate Fund -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.


Real Estate Fund -Fundo De Investimento Imobiliario Days Payable vs REITs Industry

For the REITs industry and Real Estate sector, Real Estate Fund -Fundo De Investimento Imobiliario's Days Payable distribution charts can be found below:

* The bar in red indicates where Real Estate Fund -Fundo De Investimento Imobiliario's Days Payable falls into.


BSP:ZAVI11
57GF Score
Real Estate Fund -Fundo De Investimento Imobiliario BSP:ZAVI11
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Real Estate Fund -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.

Real Estate Fund -Fundo De Investimento Imobiliario's Days Payable for the fiscal year that ended in Jun. 2025 is calculated as

Days Payable (A: Jun. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2024 ) + Accounts Payable (A: Jun. 2025 )) / count ) / Cost of Goods Sold (A: Jun. 2025 )*Days in Period
=( (86.984 + 83.489) / 2 ) / 13.922*365
=85.2365 / 13.922*365
=2,234.69

Real Estate Fund -Fundo De Investimento Imobiliario's Days Payable for the quarter that ended in Jun. 2025 is calculated as:

Days Payable (Q: Jun. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2024 ) + Accounts Payable (Q: Jun. 2025 )) / count ) / Cost of Goods Sold (Q: Jun. 2025 )*Days in Period
=( (86.984 + 83.489) / 2 ) / 13.922*365 / 2
=85.2365 / 13.922*365 / 2
=1,117.34

* 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 2,234.69 mean?
Real Estate Fund -Fundo De Investimento Imobiliario (BSP:ZAVI11) has a Days Payable of 2,234.69 as of Jun. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Real Estate Fund -Fundo De Investimento Imobiliario and its competitors. This is 31% below median its historical median of 3,236.87. Over the past decade, Real Estate Fund -Fundo De Investimento Imobiliario's Days Payable has ranged from 2,234.69 to 3,749.56. According to the industry distribution chart, Real Estate Fund -Fundo De Investimento Imobiliario ranks #20 out of 547 companies in the REITs industry, placing it in the top 3.7%.
Is Real Estate Fund -Fundo De Investimento Imobiliario's Days Payable too high?
Real Estate Fund -Fundo De Investimento Imobiliario's current Days Payable of 2,234.69 is 31% below median its 10-year median of 3,236.87. Over the past 10 years, this metric has ranged from a low of 2,234.69 to a high of 3,749.56. The REITs industry median Days Payable is 119.45. Real Estate Fund -Fundo De Investimento Imobiliario's value of 2,234.69 is 1770.8% above this industry median. Based on the distribution chart, Real Estate Fund -Fundo De Investimento Imobiliario ranks #20 out of 547 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Real Estate Fund -Fundo De Investimento Imobiliario has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Real Estate Fund -Fundo De Investimento Imobiliario's Days Payable compare to VICI and WPC?
According to the REITs industry distribution chart, Real Estate Fund -Fundo De Investimento Imobiliario ranks #20 out of 547 companies for Days Payable. This places Real Estate Fund -Fundo De Investimento Imobiliario in the top 4% of its industry — outperforming the majority of peers. The industry median Days Payable is 119.45. Real Estate Fund -Fundo De Investimento Imobiliario's value of 2,234.69 is 1770.8% above this benchmark. Historically, Real Estate Fund -Fundo De Investimento Imobiliario's own Days Payable has ranged from 2,234.69 to 3,749.56 over the past decade. While the company's 10-year median is 3,236.87 vs. the industry median of 119.45, Real Estate Fund -Fundo De Investimento Imobiliario 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. Real Estate Fund -Fundo De Investimento Imobiliario's current Days Payable of 2,234.69 is 1770.8% 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 Real Estate Fund -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. Real Estate Fund -Fundo De Investimento Imobiliario's current Days Payable is 2,234.69, which is 31% below median its own 10-year median of 3,236.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Real Estate Fund -Fundo De Investimento Imobiliario stock overvalued right now?
Based on GuruFocus' analysis, Real Estate Fund -Fundo De Investimento Imobiliario (BSP:ZAVI11) is currently considered Possible Value Trap. The stock's GF Value™ is R$19.53, compared to a current price of R$9.57 — trading 51% below its estimated fair value. The current Days Payable is 2,234.69, which is 31% below median its 10-year median of 3,236.87 and 1770.8% above the REITs industry median of 119.45. Real Estate Fund -Fundo De Investimento Imobiliario's overall GF Score™ is 57/100 with 2 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 Real Estate Fund -Fundo De Investimento Imobiliario (BSP:ZAVI11), the current Days Payable is 2,234.69 as of Jun. 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 Real Estate Fund -Fundo De Investimento Imobiliario (BSP:ZAVI11) Overvalued in 2026?

Based on GuruFocus' analysis, Real Estate Fund -Fundo De Investimento Imobiliario stock appears to be undervalued. The current stock price of R$9.57 is trading 51% below its estimated GF Value™ of R$19.53. GuruFocus considers Real Estate Fund -Fundo De Investimento Imobiliario to be Possible Value Trap.

Key valuation signals for BSP:ZAVI11:

  • Days Payable: 2,234.69 (31% below median its 10-year median of 3,236.87)
  • GF Value™: R$19.53 vs. price of R$9.57 (51% below fair value)
  • GF Score™: 57/100 with 2 warning signs
  • Industry Position: 1770.8% above the REITs median (#20 of 547)

No single metric tells the full story. See the BSP:ZAVI11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Real Estate Fund -Fundo De Investimento Imobiliario Business Description

Industry Real EstateREITs
Address RUA GILBERTO SABINO - 215 - CONJUNTO 41, SALA 2, PINHEIROS, SP, BRA, 5425020
Real Estate Fund -Fundo De Investimento Imobiliario is a closed-end fund. The fund's objective is to provide shareholders with appreciation and profitability of their shares predominantly through investments.
57GF Score

Get the complete analysis for BSP:ZAVI11

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

R$9.57
Price
R$19.53
GF Value