Heriot REIT (JSE:HET) Days Payable: 115.17 (As of Dec. 2025)

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JSE:HET Heriot REIT Ltd JSE:HET
69 GF Score
Price R26.00
GF Value R23.54
Valuation Fairly Valued
! 13 Warning Signs
View Full Analysis

What is Heriot REIT Days Payable?

Heriot REIT JSE:HET 69 Days Payable is 115.17 as of Dec. 2025. GuruFocus rates JSE:HET with a GF Score™ of 69/100 and a GF Value™ of R23.54 (Fairly Valued). The stock has 13 warning signs investors should review. Among 547 REITs companies, Heriot REIT ranks worse than 51.92% on this metric.

Heriot REIT's average Accounts Payable for the six months ended in Dec. 2025 was R213 Mil. Heriot REIT's Cost of Goods Sold for the six months ended in Dec. 2025 was R337 Mil. Hence, Heriot REIT's Days Payable for the six months ended in Dec. 2025 was 115.17.

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

JSE:HET' s Days Payable Range Over the Past 10 Years
Min: 0   Med: 0   Max: 112.23
Current: 112.23

During the past 8 years, Heriot REIT's highest Days Payable was 112.23. The lowest was 0.00. And the median was 0.00.

JSE:HET's Days Payable is ranked worse than
51.92% of 547 companies
in the REITs industry
Industry Median: 119.42 vs JSE:HET: 112.23

Heriot REIT's Days Payable increased from Dec. 2024 (115.16) to Dec. 2025 (115.17). It may suggest that Heriot REIT delayed paying its suppliers.


Heriot REIT Days Payable Historical Data

* Premium members only.

The historical data trend for Heriot 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.

Heriot REIT Days Payable Chart

Heriot REIT Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Days Payable
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

Heriot REIT Semi-Annual Data
Nov17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 118.45 76.19 115.16 109.42 115.17

JSE:HET vs VICI, WPC: Days Payable Comparison

For the REIT - Diversified subindustry, Heriot 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.


Heriot REIT Days Payable vs REITs Industry

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

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


JSE:HET
69GF Score
Heriot REIT Ltd JSE:HET
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Heriot 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.

Heriot REIT's Days Payable for the fiscal year that ended in Jun. 2025 is calculated as

Days Payable (A: Jun. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2024 ) + Accounts Payable (A: Jun. 2025 )) / count ) / Cost of Goods Sold (A: Jun. 2025 )*Days in Period
=( (0 + 0) / 1 ) / 689.74*365
=0 / 689.74*365
=0.00

Heriot REIT's Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (0 + 212.604) / 1 ) / 336.892*365 / 2
=212.604 / 336.892*365 / 2
=115.17

* 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 115.17 mean?
Heriot REIT (JSE:HET) has a Days Payable of 115.17 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Heriot REIT and its competitors. According to the industry distribution chart, Heriot REIT ranks #284 out of 547 companies in the REITs industry, placing it in the top 51.9%.
Is Heriot REIT's Days Payable too high?
Heriot REIT's current Days Payable is 115.17. The REITs industry median Days Payable is 119.42. Heriot REIT's value of 115.17 is 3.6% below this industry median. Based on the distribution chart, Heriot REIT ranks #284 out of 547 companies in the REITs industry, which is below the industry midpoint. Overall, Heriot REIT has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Heriot REIT's Days Payable compare to VICI and WPC?
According to the REITs industry distribution chart, Heriot REIT ranks #284 out of 547 companies for Days Payable. This places Heriot REIT in the lower half of its industry. The industry median Days Payable is 119.42. Heriot REIT's value of 115.17 is 3.6% below this benchmark. 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. Heriot REIT's current Days Payable of 115.17 is 3.6% 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 Heriot REIT 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. Heriot REIT's current Days Payable is 115.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heriot REIT stock overvalued right now?
Based on GuruFocus' analysis, Heriot REIT (JSE:HET) is currently considered Fairly Valued. The stock's GF Value™ is R23.54, compared to a current price of R26.00 — trading 10.5% above its estimated fair value. The current Days Payable is 115.17 and 3.6% below the REITs industry median of 119.42. Heriot REIT's overall GF Score™ is 69/100 with 13 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 Heriot REIT (JSE:HET), the current Days Payable is 115.17 as of Dec. 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 Heriot REIT (JSE:HET) Overvalued in 2026?

Based on GuruFocus' analysis, Heriot REIT stock appears to be overvalued. The current stock price of R26.00 is trading 10.5% above its estimated GF Value™ of R23.54. GuruFocus considers Heriot REIT to be Fairly Valued.

Key valuation signals for JSE:HET:

  • Days Payable: 115.17
  • GF Value™: R23.54 vs. price of R26.00 (10.5% above fair value)
  • GF Score™: 69/100 with 13 warning signs
  • Industry Position: 3.6% below the REITs median (#284 of 547)

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


Heriot REIT Business Description

Industry Real EstateREITs
Address 3 Melrose Boulevard, Suite 1, Ground Floor, Melrose Arch, Johannesburg, GT, ZAF, 2196
Heriot REIT Ltd is a South African real estate investment trust. The company's primary segments include retail, industrial, office, specialized, residential, and others. While the majority of the revenue is earned from the Retail segment. The primary objective of the company is to develop or acquire yield-enhancing assets within Southern Africa to create a stable and diverse portfolio for the purposes of generating capital growth and securing escalating net rental income streams. Geographically, the company operates in Gauteng, Western Cape, KwaZulu-Natal, North West, Mpumalanga, Limpopo, Free State, and Namibia.
69GF Score

Get the complete analysis for JSE:HET

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

R26.00
Price
R23.54
GF Value