MRGIF (Mori Trust Reit) Days Payable: 28.58 (As of Feb. 2024)


MRGIF Mori Trust Reit Inc MRGIF
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What is Mori Trust Reit Days Payable?

Mori Trust Reit MRGIF 12 Days Payable is 28.58 as of Feb. 2024. GuruFocus rates MRGIF with a GF Score™ of 12/100.

Mori Trust Reit's average Accounts Payable for the six months ended in Feb. 2024 was $3.7 Mil. Mori Trust Reit's Cost of Goods Sold for the six months ended in Feb. 2024 was $23.4 Mil. Hence, Mori Trust Reit's Days Payable for the six months ended in Feb. 2024 was 28.58.

The historical rank and industry rank for Mori Trust Reit's Days Payable or its related term are showing as below:

MRGIF's Days Payable is not ranked *
in the REITs industry.
Industry Median: 119.76
* Ranked among companies with meaningful Days Payable only.

Mori Trust Reit's Days Payable increased from Sep. 2022 (17.91) to Feb. 2024 (28.58). It may suggest that Mori Trust Reit delayed paying its suppliers.

Mori Trust Reit Days Payable Historical Data

* Premium members only.

The historical data trend for Mori Trust 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.

Mori Trust Reit Days Payable Chart

Mori Trust Reit Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.23 22.14 10.97 15.82 22.53

Mori Trust Reit Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Aug23 Feb24 Aug24
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 18.36 17.91 27.97 28.58 17.11

MRGIF vs ARE, BXP, VNO: Days Payable Comparison

For the REIT - Office subindustry, Mori Trust 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.

Mori Trust Reit Days Payable vs REITs Industry

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

* The bar in red indicates where Mori Trust Reit's Days Payable falls into.


MRGIF
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Mori Trust Reit Inc MRGIF
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Mori Trust 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.

Mori Trust Reit's Days Payable for the fiscal year that ended in Sep. 2022 is calculated as

Days Payable (A: Sep. 2022 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Sep. 2021 ) + Accounts Payable (A: Sep. 2022 )) / count ) / Cost of Goods Sold (A: Sep. 2022 )*Days in Period
=( (3.093 + 2.148) / 2 ) / 42.453*365
=2.6205 / 42.453*365
=22.53

Mori Trust Reit's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

Days Payable (Q: Feb. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Aug. 2023 ) + Accounts Payable (Q: Feb. 2024 )) / count ) / Cost of Goods Sold (Q: Feb. 2024 )*Days in Period
=( (5.013 + 2.33) / 2 ) / 23.444*365 / 2
=3.6715 / 23.444*365 / 2
=28.58

* 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 28.58 mean?
Mori Trust Reit (MRGIF) has a Days Payable of 28.58 as of Feb. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Mori Trust Reit and its competitors.
Is Mori Trust Reit's Days Payable too high?
Mori Trust Reit's current Days Payable is 28.58. The REITs industry median Days Payable is 119.76. Mori Trust Reit's value of 28.58 is 76.1% below this industry median. Overall, Mori Trust Reit has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Mori Trust Reit's Days Payable compare to ARE and BXP?
Mori Trust Reit's Days Payable of 28.58 can be compared against companies in the REITs industry. The industry median Days Payable is 119.76. Mori Trust Reit's value of 28.58 is 76.1% 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 119.76, 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. Mori Trust Reit's current Days Payable of 28.58 is 76.1% 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 Mori Trust Reit and its competitors. For the REITs industry, the median Days Payable is 119.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mori Trust Reit's current Days Payable is 28.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mori Trust Reit stock overvalued right now?
Mori Trust Reit (MRGIF) has a current Days Payable of 28.58. The current Days Payable is 28.58 and 76.1% below the REITs industry median of 119.76. Mori Trust Reit's overall GF Score™ is 12/100. 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 Mori Trust Reit (MRGIF), the current Days Payable is 28.58 as of Feb. 2024. 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.

Mori Trust Reit Business Description

Industry Real EstateREITs
Address 3-1 Toranomon 4-chome, Minato-ku, Tokyo, JPN
Mori Trust Reit Inc is a real estate investment trust company. Its objective is to achieve sustainable growth and stable earnings from mid- to long-term perspectives. It invests in office buildings, commercial facilities, housings, and hotels. The company owns more than 10 properties in and around Central Tokyo and others. The company generates its revenue from its leasing business.
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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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