NBFJF (Nippon Building Fund) Days Payable: 30.46 (As of Dec. 2025) — 26% Above Median


NBFJF Nippon Building Fund Inc NBFJF
56 GF Score
Price $842.92
GF Value $714.82
! 7 Warning Signs
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What is Nippon Building Fund Days Payable?

Nippon Building Fund NBFJF 56 Days Payable is 30.46 as of Dec. 2025, which is 26% above its 10-year median of 24.12. GuruFocus rates NBFJF with a GF Score™ of 56/100 and a GF Value™ of $714.82. The stock has 7 warning signs investors should review. Among 548 REITs companies, Nippon Building Fund ranks worse than 82.85% on this metric.

Nippon Building Fund's average Accounts Payable for the six months ended in Dec. 2025 was $27.0 Mil. Nippon Building Fund's Cost of Goods Sold for the six months ended in Dec. 2025 was $161.9 Mil. Hence, Nippon Building Fund's Days Payable for the six months ended in Dec. 2025 was 30.46.

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

NBFJF' s Days Payable Range Over the Past 10 Years
Min: 21.38   Med: 24.12   Max: 31.17
Current: 28.57

During the past 13 years, Nippon Building Fund's highest Days Payable was 31.17. The lowest was 21.38. And the median was 24.12.

NBFJF's Days Payable is ranked worse than
82.85% of 548 companies
in the REITs industry
Industry Median: 119.45 vs NBFJF: 28.57

Nippon Building Fund's Days Payable increased from Dec. 2024 (29.40) to Dec. 2025 (30.46). It may suggest that Nippon Building Fund delayed paying its suppliers.


Nippon Building Fund Days Payable Historical Data

* Premium members only.

The historical data trend for Nippon Building 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.

Nippon Building Fund Days Payable Chart

Nippon Building Fund Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.41 24.69 24.42 25.71 31.34

Nippon Building Fund Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 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 Premium Member Only Premium Member Only Premium Member Only 23.40 31.94 29.40 24.08 30.46

NBFJF vs BXP, ARE, VNO: Days Payable Comparison

For the REIT - Office subindustry, Nippon Building 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.


Nippon Building Fund Days Payable vs REITs Industry

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

* The bar in red indicates where Nippon Building Fund's Days Payable falls into.


NBFJF
56GF Score
Nippon Building Fund Inc NBFJF
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Nippon Building 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.

Nippon Building Fund's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (21.809 + 32.283) / 2 ) / 315.032*365
=27.046 / 315.032*365
=31.34

Nippon Building Fund'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
=( (21.777 + 32.283) / 2 ) / 161.948*365 / 2
=27.03 / 161.948*365 / 2
=30.46

* 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 30.46 mean?
Nippon Building Fund (NBFJF) has a Days Payable of 30.46 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 Nippon Building Fund and its competitors. This is 26% above median its historical median of 24.12. Over the past decade, Nippon Building Fund's Days Payable has ranged from 21.38 to 31.17. According to the industry distribution chart, Nippon Building Fund ranks #454 out of 548 companies in the REITs industry, placing it in the top 82.8%.
Is Nippon Building Fund's Days Payable too high?
Nippon Building Fund's current Days Payable of 30.46 is 26% above median its 10-year median of 24.12. Over the past 10 years, this metric has ranged from a low of 21.38 to a high of 31.17. The REITs industry median Days Payable is 119.45. Nippon Building Fund's value of 30.46 is 74.5% below this industry median. Based on the distribution chart, Nippon Building Fund ranks #454 out of 548 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Nippon Building Fund has a GF Score™ of 56/100, reflecting its overall financial health beyond just this single metric.
How does Nippon Building Fund's Days Payable compare to BXP and ARE?
According to the REITs industry distribution chart, Nippon Building Fund ranks #454 out of 548 companies for Days Payable. This places Nippon Building Fund in the lower half of its industry. The industry median Days Payable is 119.45. Nippon Building Fund's value of 30.46 is 74.5% below this benchmark. Historically, Nippon Building Fund's own Days Payable has ranged from 21.38 to 31.17 over the past decade. While the company's 10-year median is 24.12 vs. the industry median of 119.45, Nippon Building Fund 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. Nippon Building Fund's current Days Payable of 30.46 is 74.5% 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 Nippon Building 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. Nippon Building Fund's current Days Payable is 30.46, which is 26% above median its own 10-year median of 24.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Building Fund stock overvalued right now?
Nippon Building Fund (NBFJF) has a current Days Payable of 30.46. The stock's GF Value™ is $714.82, compared to a current price of $842.92 — trading 17.9% above its estimated fair value. The current Days Payable is 30.46, which is 26% above median its 10-year median of 24.12 and 74.5% below the REITs industry median of 119.45. Nippon Building Fund's overall GF Score™ is 56/100 with 7 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 Nippon Building Fund (NBFJF), the current Days Payable is 30.46 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 Nippon Building Fund (NBFJF) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Building Fund stock appears to be overvalued. The current stock price of $842.92 is trading 17.9% above its estimated GF Value™ of $714.82.

Key valuation signals for NBFJF:

  • Days Payable: 30.46 (26% above median its 10-year median of 24.12)
  • GF Value™: $714.82 vs. price of $842.92 (17.9% above fair value)
  • GF Score™: 56/100 with 7 warning signs
  • Industry Position: 74.5% below the REITs median (#454 of 548)

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


Nippon Building Fund Business Description

Industry Real EstateREITs
Other Exchanges 8951:JapanS4C:Germany
Address 3-1, Nihonbashi Muromachi 2-chome, Muromachi Furukawa Mitsui Building 16th Floor, Chuo-ku, Tokyo, JPN, 103-0022
Nippon Building Fund Inc is a Japanese real estate investment trust engaged in the acquisition, ownership, and leasing of properties in the Greater Tokyo area. The company's real estate portfolio comprises of large corporate office buildings. The majority of these are located in the five wards of Tokyo's central business district. Office space located throughout the rest of Tokyo also makes up a substantial percentage of Nippon Building Fund's assets. The company derives the majority of its income in the form of rental revenue from tenants. Nippon Building Fund's customers are firms from the service, electrical equipment, and information and communications industries in terms of square footage used.
56GF Score

Get the complete analysis for NBFJF

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

$842.92
Price
$714.82
GF Value