Accelerate Property Fund (JSE:APF) Days Payable: 258.70 (As of Sep. 2025) — 586% Above Median


JSE:APF Accelerate Property Fund Ltd JSE:APF
30 GF Score
Price R0.53
GF Value R0.37
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Accelerate Property Fund Days Payable?

Accelerate Property Fund JSE:APF 30 Days Payable is 258.70 as of Sep. 2025, which is 586% above its 10-year median of 37.70. GuruFocus rates JSE:APF with a GF Score™ of 30/100 and a GF Value™ of R0.37 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 549 REITs companies, Accelerate Property Fund ranks better than 84.52% on this metric.

Accelerate Property Fund's average Accounts Payable for the six months ended in Sep. 2025 was R218.9 Mil. Accelerate Property Fund's Cost of Goods Sold for the six months ended in Sep. 2025 was R154.4 Mil. Hence, Accelerate Property Fund's Days Payable for the six months ended in Sep. 2025 was 258.70.

The historical rank and industry rank for Accelerate Property Fund's Days Payable or its related term are showing as below:

JSE:APF' s Days Payable Range Over the Past 10 Years
Min: 12.19   Med: 37.7   Max: 393.49
Current: 393.49

During the past 13 years, Accelerate Property Fund's highest Days Payable was 393.49. The lowest was 12.19. And the median was 37.70.

JSE:APF's Days Payable is ranked better than
84.52% of 549 companies
in the REITs industry
Industry Median: 119.66 vs JSE:APF: 393.49

Accelerate Property Fund's Days Payable declined from Sep. 2024 (322.68) to Sep. 2025 (258.70). It may suggest that Accelerate Property Fund accelerated paying its suppliers.


Accelerate Property Fund Days Payable Historical Data

* Premium members only.

The historical data trend for Accelerate Property Fund'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.

Accelerate Property Fund Days Payable Chart

Accelerate Property Fund Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 46.93 64.77 45.69 29.71 27.23

Accelerate Property Fund Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 316.73 290.82 322.68 344.98 258.70

JSE:APF vs SPG, O, KIM: Days Payable Comparison

For the REIT - Retail subindustry, Accelerate Property Fund'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.


Accelerate Property Fund Days Payable vs REITs Industry

For the REITs industry and Real Estate sector, Accelerate Property Fund's Days Payable distribution charts can be found below:

* The bar in red indicates where Accelerate Property Fund's Days Payable falls into.


JSE:APF
30GF Score
Accelerate Property Fund Ltd JSE:APF
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Accelerate Property Fund 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.

Accelerate Property Fund's Days Payable for the fiscal year that ended in Mar. 2025 is calculated as

Days Payable (A: Mar. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2024 ) + Accounts Payable (A: Mar. 2025 )) / count ) / Cost of Goods Sold (A: Mar. 2025 )*Days in Period
=( (23.658 + 25.476) / 2 ) / 329.299*365
=24.567 / 329.299*365
=27.23

Accelerate Property Fund's Days Payable for the quarter that ended in Sep. 2025 is calculated as:

Days Payable (Q: Sep. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2025 ) + Accounts Payable (Q: Sep. 2025 )) / count ) / Cost of Goods Sold (Q: Sep. 2025 )*Days in Period
=( (25.476 + 412.266) / 2 ) / 154.402*365 / 2
=218.871 / 154.402*365 / 2
=258.70

* 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 258.70 mean?
Accelerate Property Fund (JSE:APF) has a Days Payable of 258.70 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 Accelerate Property Fund and its competitors. This is 586% above median its historical median of 37.70. Over the past decade, Accelerate Property Fund's Days Payable has ranged from 12.19 to 393.49. According to the industry distribution chart, Accelerate Property Fund ranks #85 out of 549 companies in the REITs industry, placing it in the top 15.5%.
Is Accelerate Property Fund's Days Payable too high?
Accelerate Property Fund's current Days Payable of 258.70 is 586% above median its 10-year median of 37.70. Over the past 10 years, this metric has ranged from a low of 12.19 to a high of 393.49. The REITs industry median Days Payable is 119.66. Accelerate Property Fund's value of 258.70 is 116.2% above this industry median. Based on the distribution chart, Accelerate Property Fund ranks #85 out of 549 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Accelerate Property Fund has a GF Score™ of 30/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Accelerate Property Fund's Days Payable compare to SPG and O?
According to the REITs industry distribution chart, Accelerate Property Fund ranks #85 out of 549 companies for Days Payable. This places Accelerate Property Fund in the top 16% of its industry — outperforming the majority of peers. The industry median Days Payable is 119.66. Accelerate Property Fund's value of 258.70 is 116.2% above this benchmark. Historically, Accelerate Property Fund's own Days Payable has ranged from 12.19 to 393.49 over the past decade. While the company's 10-year median is 37.70 vs. the industry median of 119.66, Accelerate Property Fund 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 119.66, 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. Accelerate Property Fund's current Days Payable of 258.70 is 116.2% 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 Accelerate Property Fund and its competitors. For the REITs industry, the median Days Payable is 119.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Accelerate Property Fund's current Days Payable is 258.70, which is 586% above median its own 10-year median of 37.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Accelerate Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Accelerate Property Fund (JSE:APF) is currently considered Significantly Overvalued. The stock's GF Value™ is R0.37, compared to a current price of R0.53 — trading 43.2% above its estimated fair value. The current Days Payable is 258.70, which is 586% above median its 10-year median of 37.70 and 116.2% above the REITs industry median of 119.66. Accelerate Property Fund's overall GF Score™ is 30/100 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 Accelerate Property Fund (JSE:APF), the current Days Payable is 258.70 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 Accelerate Property Fund (JSE:APF) Overvalued in 2026?

Based on GuruFocus' analysis, Accelerate Property Fund stock appears to be overvalued. The current stock price of R0.53 is trading 43.2% above its estimated GF Value™ of R0.37. GuruFocus considers Accelerate Property Fund to be Significantly Overvalued.

Key valuation signals for JSE:APF:

  • Days Payable: 258.70 (586% above median its 10-year median of 37.70)
  • GF Value™: R0.37 vs. price of R0.53 (43.2% above fair value)
  • GF Score™: 30/100 with 5 warning signs
  • Industry Position: 116.2% above the REITs median (#85 of 549)

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


Accelerate Property Fund Business Description

Industry Real EstateREITs
Address 1st Floor, Corner Willow Avenue and Cedar Road, Cedar Square Shopping Centre, Management Office, Fourways, Johannesburg, GT, ZAF, 2055
Accelerate Property Fund Ltd is a retail-focused property fund. It functions through three operating segments. The industrial segment acquires, develops, and leases warehouses and factories. The retail segment acquires, develops, and leases shopping malls, community centers as well as retail centers. Commercial segment acquires develops and leases offices. Out of which Retail segment is a key revenue driver. Geographically, it has a presence in South Africa, Austria, and Slovakia, out of which the majority of its revenue is generated from South Africa.
30GF Score

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

R0.53
Price
R0.37
GF Value