Hospitality Property Fund (JSE:TSP) Days Payable: 111.26 (As of Sep. 2020)

What is Hospitality Property Fund Days Payable?

Hospitality Property Fund JSE:TSP 11 Days Payable is 111.26 as of Sep. 2020. GuruFocus rates JSE:TSP with a GF Score™ of 11/100. The stock has 8 warning signs investors should review.

Hospitality Property Fund's average Accounts Payable for the six months ended in Sep. 2020 was R34.48 Mil. Hospitality Property Fund's Cost of Goods Sold for the six months ended in Sep. 2020 was R56.55 Mil. Hence, Hospitality Property Fund's Days Payable for the six months ended in Sep. 2020 was 111.26.

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

JSE:TSP' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0
Current: 365.93

JSE:TSP's Days Payable is not ranked
in the REITs industry.
Industry Median: 119.45 vs JSE:TSP: 365.93

Hospitality Property Fund's Days Payable declined from Sep. 2019 (344.27) to Sep. 2020 (111.26). It may suggest that Hospitality Property Fund accelerated paying its suppliers.

Hospitality Property Fund Days Payable Related Terms

Hospitality Property Fund Days Payable Historical Data

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The historical data trend for Hospitality 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.

Hospitality Property Fund Days Payable Chart

Hospitality Property Fund Annual Data

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Days Payable

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Hospitality Property Fund Semi-Annual Data
	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20
Days Payable	Get a 7-Day Free Trial															0.00	0.00	344.27	0.00	111.26

JSE:TSP vs HST, PK, APLE: Days Payable Comparison

For the REIT - Hotel & Motel subindustry, Hospitality 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.

Hospitality Property Fund Days Payable vs REITs Industry

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

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

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Hospitality 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.

Hospitality Property Fund's Days Payable for the fiscal year that ended in Mar. 2020 is calculated as

	Days Payable (A: Mar. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2019 )	+	Accounts Payable (A: Mar. 2020 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2020 )	*	Days in Period
=	( (12.543	+	21.422)	/	2 )	/	0	*	365
=	16.9825					/	0	*	365
=	N/A

Hospitality Property Fund's Days Payable for the quarter that ended in Sep. 2020 is calculated as:

	Days Payable (Q: Sep. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2020 )	+	Accounts Payable (Q: Sep. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2020 )	*	Days in Period
=	( (21.422	+	47.534)	/	2 )	/	56.553	*	365 / 2
=	34.478					/	56.553	*	365 / 2
=	111.26

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 111.26 mean?

Hospitality Property Fund (JSE:TSP) has a Days Payable of 111.26 as of Sep. 2020. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Hospitality Property Fund and its competitors.

Is Hospitality Property Fund's Days Payable too high?

Hospitality Property Fund's current Days Payable is 111.26. The REITs industry median Days Payable is 119.45. Hospitality Property Fund's value of 111.26 is 6.9% below this industry median. Overall, Hospitality Property Fund has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.

How does Hospitality Property Fund's Days Payable compare to HST and PK?

Hospitality Property Fund's Days Payable of 111.26 can be compared against companies in the REITs industry. The industry median Days Payable is 119.45. Hospitality Property Fund's value of 111.26 is 6.9% 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 119.45, 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. Hospitality Property Fund's current Days Payable of 111.26 is 6.9% 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 Hospitality Property Fund 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. Hospitality Property Fund's current Days Payable is 111.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Hospitality Property Fund stock overvalued right now?

Hospitality Property Fund (JSE:TSP) has a current Days Payable of 111.26. The current Days Payable is 111.26 and 6.9% below the REITs industry median of 119.45. Hospitality Property Fund's overall GF Score™ is 11/100 with 8 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 Hospitality Property Fund (JSE:TSP), the current Days Payable is 111.26 as of Sep. 2020. 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.

Hospitality Property Fund Business Description

Industry Real Estate REITs

Comparable Companies HST PK APLE XPAR:COVH SHO RHP PEB RLJ TSE:8985 FCPT DRH SVC XHR TSE:3287 INN ASX:LEP HKSE:01881 TSE:3478 XKLS:5109 CLDT

Address Montecasino Boulevard, Palazzo Towers West, Fourways, Johannesburg, ZAF, 2055

Website http://www.hpf.co.za

Hospitality Property Fund Ltd is a specialised real estate investment trust investing in the hotel and leisure sector, providing investors with exposure to both the property and hospitality industries. The company's portfolio caters to a wide-ranging domestic and international market and accommodates various segments including corporate, government, leisure, group conferencing and event business. The properties are well diversified in terms of geographic location and class of hotel, thus mitigating the inherent risks associated within the cyclical nature of the hospitality industry.