Burstone Group (JSE:BTN) Days Payable: 10.10 (As of Mar. 2026) — 84% Below Median


JSE:BTN Burstone Group Ltd JSE:BTN
68 GF Score
Price R9.71
GF Value R8.52
Valuation Modestly Overvalued
! 12 Warning Signs
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What is Burstone Group Days Payable?

Burstone Group JSE:BTN +1.25% 68 Days Payable is 10.10 as of Mar. 2026, which is 84% below its 10-year median of 62.84. GuruFocus rates JSE:BTN with a GF Score™ of 68/100 and a GF Value™ of R8.52 (Modestly Overvalued). The stock has 12 warning signs investors should review. Among 547 REITs companies, Burstone Group ranks worse than 92.69% on this metric.

Burstone Group's average Accounts Payable for the six months ended in Mar. 2026 was R20 Mil. Burstone Group's Cost of Goods Sold for the six months ended in Mar. 2026 was R359 Mil. Hence, Burstone Group's Days Payable for the six months ended in Mar. 2026 was 10.10.

The historical rank and industry rank for Burstone Group's Days Payable or its related term are showing as below:

JSE:BTN' s Days Payable Range Over the Past 10 Years
Min: 13.03   Med: 62.84   Max: 300.58
Current: 13.03

During the past 13 years, Burstone Group's highest Days Payable was 300.58. The lowest was 13.03. And the median was 62.84.

JSE:BTN's Days Payable is ranked worse than
92.69% of 547 companies
in the REITs industry
Industry Median: 119.42 vs JSE:BTN: 13.03

Burstone Group's Days Payable declined from Mar. 2025 (41.88) to Mar. 2026 (10.10). It may suggest that Burstone Group accelerated paying its suppliers.


Burstone Group Days Payable Historical Data

* Premium members only.

The historical data trend for Burstone Group'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.

Burstone Group Days Payable Chart

Burstone Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 145.41 61.48 57.97 32.32 13.70

Burstone Group Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 206.99 51.79 41.88 14.95 10.10

JSE:BTN vs VICI, WPC: Days Payable Comparison

For the REIT - Diversified subindustry, Burstone Group'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.


Burstone Group Days Payable vs REITs Industry

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

* The bar in red indicates where Burstone Group's Days Payable falls into.


JSE:BTN
68GF Score
Burstone Group Ltd JSE:BTN
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Burstone Group 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.

Burstone Group's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as

Days Payable (A: Mar. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2025 ) + Accounts Payable (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (42.747 + 15.102) / 2 ) / 770.676*365
=28.9245 / 770.676*365
=13.70

Burstone Group's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (24.659 + 15.102) / 2 ) / 359.291*365 / 2
=19.8805 / 359.291*365 / 2
=10.10

* 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 10.10 mean?
Burstone Group (JSE:BTN) has a Days Payable of 10.10 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Burstone Group and its competitors. This is 84% below median its historical median of 62.84. Over the past decade, Burstone Group's Days Payable has ranged from 13.03 to 300.58. According to the industry distribution chart, Burstone Group ranks #507 out of 547 companies in the REITs industry, placing it in the top 92.7%.
Is Burstone Group's Days Payable too high?
Burstone Group's current Days Payable of 10.10 is 84% below median its 10-year median of 62.84. Over the past 10 years, this metric has ranged from a low of 13.03 to a high of 300.58. The REITs industry median Days Payable is 119.42. Burstone Group's value of 10.10 is 91.5% below this industry median. Based on the distribution chart, Burstone Group ranks #507 out of 547 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Burstone Group has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Burstone Group's Days Payable compare to VICI and WPC?
According to the REITs industry distribution chart, Burstone Group ranks #507 out of 547 companies for Days Payable. This places Burstone Group in the lower half of its industry. The industry median Days Payable is 119.42. Burstone Group's value of 10.10 is 91.5% below this benchmark. Historically, Burstone Group's own Days Payable has ranged from 13.03 to 300.58 over the past decade. While the company's 10-year median is 62.84 vs. the industry median of 119.42, Burstone Group 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 119.42, 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. Burstone Group's current Days Payable of 10.10 is 91.5% 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 Burstone Group and its competitors. For the REITs industry, the median Days Payable is 119.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Burstone Group's current Days Payable is 10.10, which is 84% below median its own 10-year median of 62.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Burstone Group stock overvalued right now?
Based on GuruFocus' analysis, Burstone Group (JSE:BTN) is currently considered Modestly Overvalued. The stock's GF Value™ is R8.52, compared to a current price of R9.71 — trading 14% above its estimated fair value. The current Days Payable is 10.10, which is 84% below median its 10-year median of 62.84 and 91.5% below the REITs industry median of 119.42. Burstone Group's overall GF Score™ is 68/100 with 12 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 Burstone Group (JSE:BTN), the current Days Payable is 10.10 as of Mar. 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 Burstone Group (JSE:BTN) Overvalued in 2026?

Based on GuruFocus' analysis, Burstone Group stock appears to be overvalued. The current stock price of R9.71 is trading 14% above its estimated GF Value™ of R8.52. GuruFocus considers Burstone Group to be Modestly Overvalued.

Key valuation signals for JSE:BTN:

  • Days Payable: 10.10 (84% below median its 10-year median of 62.84)
  • GF Value™: R8.52 vs. price of R9.71 (14% above fair value)
  • GF Score™: 68/100 with 12 warning signs
  • Industry Position: 91.5% below the REITs median (#507 of 547)

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


Burstone Group Business Description

Industry Real EstateREITs
Address 4 Sandown Valley Crescent, 4th Floor, Sandown, Sandton, GT, ZAF, 2196
Burstone Group Ltd is a real estate investment trust operating in South Africa and formed with the purpose of investing in direct real estate. The objective of the fund is to expand its asset base by investing in well-priced income-producing investment properties. The fund invests in the office, industrial, and retail property sectors and is managed and operated by Investec Property, which is a wholly-owned subsidiary of Investec. The fund is well diversified in terms of sectoral spread but mostly concentrates investments in the province of Gauteng from a geographical spread standpoint. The vast majority of the fund's revenue is derived from contracted rental fees.
68GF Score

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

R9.71
Price
R8.52
GF Value