Dipula Properties (JSE:DIB) Days Payable: 56.97 (As of Feb. 2026) — 739% Above Median


JSE:DIB Dipula Properties Ltd JSE:DIB
46 GF Score
Price R7.15
GF Value R3.33
Valuation Significantly Overvalued
! 11 Warning Signs
View Full Analysis

What is Dipula Properties Days Payable?

Dipula Properties JSE:DIB 46 Days Payable is 56.97 as of Feb. 2026, which is 739% above its 10-year median of 6.79. GuruFocus rates JSE:DIB with a GF Score™ of 46/100 and a GF Value™ of R3.33 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 548 REITs companies, Dipula Properties ranks worse than 62.41% on this metric.

Dipula Properties's average Accounts Payable for the six months ended in Feb. 2026 was R96 Mil. Dipula Properties's Cost of Goods Sold for the six months ended in Feb. 2026 was R309 Mil. Hence, Dipula Properties's Days Payable for the six months ended in Feb. 2026 was 56.97.

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

JSE:DIB' s Days Payable Range Over the Past 10 Years
Min: 1.26   Med: 6.79   Max: 72.76
Current: 72.76

During the past 13 years, Dipula Properties's highest Days Payable was 72.76. The lowest was 1.26. And the median was 6.79.

JSE:DIB's Days Payable is ranked worse than
62.41% of 548 companies
in the REITs industry
Industry Median: 119.45 vs JSE:DIB: 72.76

Dipula Properties's Days Payable increased from Feb. 2025 (54.36) to Feb. 2026 (56.97). It may suggest that Dipula Properties delayed paying its suppliers.


Dipula Properties Days Payable Historical Data

* Premium members only.

The historical data trend for Dipula Properties'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.

Dipula Properties Days Payable Chart

Dipula Properties Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.26 3.92 8.23 6.79 4.21

Dipula Properties Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 68.43 65.03 54.36 54.14 56.97

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

For the REIT - Retail subindustry, Dipula Properties'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.


Dipula Properties Days Payable vs REITs Industry

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

* The bar in red indicates where Dipula Properties's Days Payable falls into.


JSE:DIB
46GF Score
Dipula Properties Ltd JSE:DIB
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dipula Properties 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.

Dipula Properties's Days Payable for the fiscal year that ended in Aug. 2025 is calculated as

Days Payable (A: Aug. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Aug. 2024 ) + Accounts Payable (A: Aug. 2025 )) / count ) / Cost of Goods Sold (A: Aug. 2025 )*Days in Period
=( (6.928 + 6.712) / 2 ) / 591.964*365
=6.82 / 591.964*365
=4.21

Dipula Properties's Days Payable for the quarter that ended in Feb. 2026 is calculated as:

Days Payable (Q: Feb. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Aug. 2025 ) + Accounts Payable (Q: Feb. 2026 )) / count ) / Cost of Goods Sold (Q: Feb. 2026 )*Days in Period
=( (6.712 + 186.273) / 2 ) / 309.104*365 / 2
=96.4925 / 309.104*365 / 2
=56.97

* 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 56.97 mean?
Dipula Properties (JSE:DIB) has a Days Payable of 56.97 as of Feb. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Dipula Properties and its competitors. This is 739% above median its historical median of 6.79. Over the past decade, Dipula Properties' Days Payable has ranged from 1.26 to 72.76. According to the industry distribution chart, Dipula Properties ranks #342 out of 548 companies in the REITs industry, placing it in the top 62.4%.
Is Dipula Properties' Days Payable too high?
Dipula Properties' current Days Payable of 56.97 is 739% above median its 10-year median of 6.79. Over the past 10 years, this metric has ranged from a low of 1.26 to a high of 72.76. The REITs industry median Days Payable is 119.45. Dipula Properties' value of 56.97 is 52.3% below this industry median. Based on the distribution chart, Dipula Properties ranks #342 out of 548 companies in the REITs industry, which is below the industry midpoint. Overall, Dipula Properties has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dipula Properties' Days Payable compare to SPG and O?
According to the REITs industry distribution chart, Dipula Properties ranks #342 out of 548 companies for Days Payable. This places Dipula Properties in the lower half of its industry. The industry median Days Payable is 119.45. Dipula Properties' value of 56.97 is 52.3% below this benchmark. Historically, Dipula Properties' own Days Payable has ranged from 1.26 to 72.76 over the past decade. While the company's 10-year median is 6.79 vs. the industry median of 119.45, Dipula Properties 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 119.45, based on 548 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. Dipula Properties's current Days Payable of 56.97 is 52.3% 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 Dipula Properties 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. Dipula Properties's current Days Payable is 56.97, which is 739% above median its own 10-year median of 6.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dipula Properties stock overvalued right now?
Based on GuruFocus' analysis, Dipula Properties (JSE:DIB) is currently considered Significantly Overvalued. The stock's GF Value™ is R3.33, compared to a current price of R7.15 — trading 114.7% above its estimated fair value. The current Days Payable is 56.97, which is 739% above median its 10-year median of 6.79 and 52.3% below the REITs industry median of 119.45. Dipula Properties' overall GF Score™ is 46/100 with 11 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 Dipula Properties (JSE:DIB), the current Days Payable is 56.97 as of Feb. 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 Dipula Properties (JSE:DIB) Overvalued in 2026?

Based on GuruFocus' analysis, Dipula Properties stock appears to be overvalued. The current stock price of R7.15 is trading 114.7% above its estimated GF Value™ of R3.33. GuruFocus considers Dipula Properties to be Significantly Overvalued.

Key valuation signals for JSE:DIB:

  • Days Payable: 56.97 (739% above median its 10-year median of 6.79)
  • GF Value™: R3.33 vs. price of R7.15 (114.7% above fair value)
  • GF Score™: 46/100 with 11 warning signs
  • Industry Position: 52.3% below the REITs median (#342 of 548)

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


Dipula Properties Business Description

Industry Real EstateREITs
Address 16 Baker Street, 12th Floor, Firestation Rosebank, Rosebank, Johannesburg, GT, ZAF, 2196
Dipula Properties Ltd is a South Africa-based real estate investment trust that owns a diversified property portfolio comprising defensive urban, township, and rural community retail centres. In addition to retail assets, the company also owns mid-sized industrial and logistics properties, office properties in urban areas, and affordable residential rental assets located in economically active regions across South Africa. The company's operating segments include Retail, Offices, Industrial, Land, Residential, and Corporate. The majority of its revenue is derived from the Retail segment, which represents income generated from its portfolio of shopping centres. The majority of its properties are located in Gauteng.
46GF Score

Get the complete analysis for JSE:DIB

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

R7.15
Price
R3.33
GF Value