Hoshino Resorts REIT (FRA:A3F) Days Payable: 28.91 (As of Apr. 2026) — 28% Above Median

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FRA:A3F Hoshino Resorts REIT Inc FRA:A3F
71 GF Score
Price €1,300.00
GF Value €1,646.09
! 5 Warning Signs
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What is Hoshino Resorts REIT Days Payable?

Hoshino Resorts REIT FRA:A3F +3.17% 71 Days Payable is 28.91 as of Apr. 2026, which is 28% above its 10-year median of 22.57. GuruFocus rates FRA:A3F with a GF Score™ of 71/100 and a GF Value™ of €1,646.09. The stock has 5 warning signs investors should review. Among 546 REITs companies, Hoshino Resorts REIT ranks worse than 85.16% on this metric.

Hoshino Resorts REIT's average Accounts Payable for the six months ended in Apr. 2026 was €3.07 Mil. Hoshino Resorts REIT's Cost of Goods Sold for the six months ended in Apr. 2026 was €19.36 Mil. Hence, Hoshino Resorts REIT's Days Payable for the six months ended in Apr. 2026 was 28.91.

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

FRA:A3F' s Days Payable Range Over the Past 10 Years
Min: 7.68   Med: 22.57   Max: 28.53
Current: 24.53

During the past 13 years, Hoshino Resorts REIT's highest Days Payable was 28.53. The lowest was 7.68. And the median was 22.57.

FRA:A3F's Days Payable is ranked worse than
85.16% of 546 companies
in the REITs industry
Industry Median: 119.39 vs FRA:A3F: 24.53

Hoshino Resorts REIT's Days Payable increased from Apr. 2025 (27.75) to Apr. 2026 (28.91). It may suggest that Hoshino Resorts REIT delayed paying its suppliers.


Hoshino Resorts REIT Days Payable Historical Data

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The historical data trend for Hoshino Resorts 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.

Hoshino Resorts REIT Days Payable Chart

Hoshino Resorts REIT Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.00 25.44 24.21 28.79 28.01

Hoshino Resorts REIT Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 27.03 38.21 27.75 15.70 28.91

FRA:A3F vs HST, RHP, APLE: Days Payable Comparison

For the REIT - Hotel & Motel subindustry, Hoshino Resorts 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.


Hoshino Resorts REIT Days Payable vs REITs Industry

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

* The bar in red indicates where Hoshino Resorts REIT's Days Payable falls into.


FRA:A3F
71GF Score
Hoshino Resorts REIT Inc FRA:A3F
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Hoshino Resorts 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.

Hoshino Resorts REIT's Days Payable for the fiscal year that ended in Oct. 2025 is calculated as

Days Payable (A: Oct. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Oct. 2024 ) + Accounts Payable (A: Oct. 2025 )) / count ) / Cost of Goods Sold (A: Oct. 2025 )*Days in Period
=( (4.459 + 1.531) / 2 ) / 39.022*365
=2.995 / 39.022*365
=28.01

Hoshino Resorts REIT's Days Payable for the quarter that ended in Apr. 2026 is calculated as:

Days Payable (Q: Apr. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Oct. 2025 ) + Accounts Payable (Q: Apr. 2026 )) / count ) / Cost of Goods Sold (Q: Apr. 2026 )*Days in Period
=( (1.531 + 4.602) / 2 ) / 19.355*365 / 2
=3.0665 / 19.355*365 / 2
=28.91

* 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 28.91 mean?
Hoshino Resorts REIT (FRA:A3F) has a Days Payable of 28.91 as of Apr. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Hoshino Resorts REIT and its competitors. This is 28% above median its historical median of 22.57. Over the past decade, Hoshino Resorts REIT's Days Payable has ranged from 7.68 to 28.53. According to the industry distribution chart, Hoshino Resorts REIT ranks #465 out of 546 companies in the REITs industry, placing it in the top 85.2%.
Is Hoshino Resorts REIT's Days Payable too high?
Hoshino Resorts REIT's current Days Payable of 28.91 is 28% above median its 10-year median of 22.57. Over the past 10 years, this metric has ranged from a low of 7.68 to a high of 28.53. The REITs industry median Days Payable is 119.39. Hoshino Resorts REIT's value of 28.91 is 75.8% below this industry median. Based on the distribution chart, Hoshino Resorts REIT ranks #465 out of 546 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Hoshino Resorts REIT has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Hoshino Resorts REIT's Days Payable compare to HST and RHP?
According to the REITs industry distribution chart, Hoshino Resorts REIT ranks #465 out of 546 companies for Days Payable. This places Hoshino Resorts REIT in the lower half of its industry. The industry median Days Payable is 119.39. Hoshino Resorts REIT's value of 28.91 is 75.8% below this benchmark. Historically, Hoshino Resorts REIT's own Days Payable has ranged from 7.68 to 28.53 over the past decade. While the company's 10-year median is 22.57 vs. the industry median of 119.39, Hoshino Resorts 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. Hoshino Resorts REIT's current Days Payable of 28.91 is 75.8% 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 Hoshino Resorts 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. Hoshino Resorts REIT's current Days Payable is 28.91, which is 28% above median its own 10-year median of 22.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hoshino Resorts REIT stock overvalued right now?
Hoshino Resorts REIT (FRA:A3F) has a current Days Payable of 28.91. The stock's GF Value™ is €1,646.09, compared to a current price of €1,300.00 — trading 21% below its estimated fair value. The current Days Payable is 28.91, which is 28% above median its 10-year median of 22.57 and 75.8% below the REITs industry median of 119.39. Hoshino Resorts REIT's overall GF Score™ is 71/100 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 Hoshino Resorts REIT (FRA:A3F), the current Days Payable is 28.91 as of Apr. 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 Hoshino Resorts REIT (FRA:A3F) Overvalued in 2026?

Based on GuruFocus' analysis, Hoshino Resorts REIT stock appears to be undervalued. The current stock price of €1,300.00 is trading 21% below its estimated GF Value™ of €1,646.09.

Key valuation signals for FRA:A3F:

  • Days Payable: 28.91 (28% above median its 10-year median of 22.57)
  • GF Value™: €1,646.09 vs. price of €1,300.00 (21% below fair value)
  • GF Score™: 71/100 with 5 warning signs
  • Industry Position: 75.8% below the REITs median (#465 of 546)

No single metric tells the full story. See the FRA:A3F stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hoshino Resorts REIT Business Description

Industry Real EstateREITs
Other Exchanges 3287:Japan
Address 2148 Nagakura, Kitasaku-gun, Karuizawa-machi, Nagano Prefecture, Tokyo, JPN, 104-0032
Hoshino Resorts REIT Inc is a closed-end real estate investment trust company. It aims to achieve stable earnings and sustainable growth of its investment assets, by investing in hotels, Japanese-Style Inns, and related facilities.
71GF Score

Get the complete analysis for FRA:A3F

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

€1,300.00
Price
€1,646.09
GF Value