* 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.
Goodman New Zealand and Goodman Property Services Days Payable Chart
Goodman New Zealand and Goodman Property Services Annual Data
* 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.
Goodman New Zealand and Goodman Property Services Days Payable vs REITs Industry
Goodman New Zealand and Goodman Property Services 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.
* 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.
Goodman New Zealand and Goodman Property Services (FRA:NJK) has a Days Payable of 371.70 as of Sep. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Goodman New Zealand and Goodman Property Services and its competitors. This is 5448% above median its historical median of 6.70. Over the past decade, Goodman New Zealand and Goodman Property Services' Days Payable has ranged from 3.87 to 343.31. According to the industry distribution chart, Goodman New Zealand and Goodman Property Services ranks #95 out of 549 companies in the REITs industry, placing it in the top 17.3%.
Is Goodman New Zealand and Goodman Property Services' Days Payable too high?
Goodman New Zealand and Goodman Property Services' current Days Payable of 371.70 is 5448% above median its 10-year median of 6.70. Over the past 10 years, this metric has ranged from a low of 3.87 to a high of 343.31. The REITs industry median Days Payable is 119.76. Goodman New Zealand and Goodman Property Services' value of 371.70 is 210.4% above this industry median. Based on the distribution chart, Goodman New Zealand and Goodman Property Services ranks #95 out of 549 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Goodman New Zealand and Goodman Property Services has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Goodman New Zealand and Goodman Property Services' Days Payable compare to PLD and PSA?
According to the REITs industry distribution chart, Goodman New Zealand and Goodman Property Services ranks #95 out of 549 companies for Days Payable. This places Goodman New Zealand and Goodman Property Services in the top 17% of its industry — outperforming the majority of peers. The industry median Days Payable is 119.76. Goodman New Zealand and Goodman Property Services' value of 371.70 is 210.4% above this benchmark. Historically, Goodman New Zealand and Goodman Property Services' own Days Payable has ranged from 3.87 to 343.31 over the past decade. While the company's 10-year median is 6.70 vs. the industry median of 119.76, Goodman New Zealand and Goodman Property Services 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 119.76, based on 549 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. Goodman New Zealand and Goodman Property Services's current Days Payable of 371.70 is 210.4% 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 Goodman New Zealand and Goodman Property Services and its competitors. For the REITs industry, the median Days Payable is 119.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Goodman New Zealand and Goodman Property Services's current Days Payable is 371.70, which is 5448% above median its own 10-year median of 6.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goodman New Zealand and Goodman Property Services stock overvalued right now?
Based on GuruFocus' analysis, Goodman New Zealand and Goodman Property Services (FRA:NJK) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.74, compared to a current price of €1.00 — trading 35.1% above its estimated fair value. The current Days Payable is 371.70, which is 5448% above median its 10-year median of 6.70 and 210.4% above the REITs industry median of 119.76. Goodman New Zealand and Goodman Property Services' overall GF Score™ is 31/100 with 7 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 Goodman New Zealand and Goodman Property Services (FRA:NJK), the current Days Payable is 371.70 as of Sep. 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 Goodman New Zealand and Goodman Property Services (FRA:NJK) Overvalued in 2026?
Based on GuruFocus' analysis, Goodman New Zealand and Goodman Property Services stock appears to be overvalued.
The current stock price of €1.00 is trading 35.1% above its estimated GF Value™ of €0.74.
GuruFocus considers Goodman New Zealand and Goodman Property Services to be Significantly Overvalued.
Key valuation signals for FRA:NJK:
Days Payable: 371.70 (5448% above median its 10-year median of 6.70)
GF Value™: €0.74 vs. price of €1.00 (35.1% above fair value)
Industry Position: 210.4% above the REITs median (#95 of 549)
No single metric tells the full story. See the FRA:NJK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Goodman New Zealand and Goodman Property Services Business Description
Goodman New Zealand Ltd and Goodman Property Services Ltd, formerly known as Goodman Property Trust, is one of New Zealand's property trusts, with a portfolio composed of industrial estates, businesses, and a development bank. After selling its Christchurch assets, Goodman is 100% Auckland-centric. The focus over the next few years will be on selling lower-quality assets and redeploying capital to industrial property in strategically important locations. The investment is premised on management's view that industrial assets in premium locations will generate superior long-term returns from lower average vacancy and higher rent growth.
31GF Score
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