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Asset PlusNZSE:APL -1.76%43 Days Payable is 67.75 as of Mar. 2026, which is 618% above its 10-year median of 9.43. GuruFocus rates NZSE:APL with a GF Score™ of 43/100 and a GF Value™ of NZ$0.23 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 548 REITs companies, Asset Plus ranks worse than 70.62% on this metric.
Asset Plus's average Accounts Payable for the
six
months ended in Mar. 2026 was NZ$0.42 Mil. Asset Plus's Cost of Goods Sold for the
six
months ended in Mar. 2026 was NZ$1.13 Mil.
Hence, Asset Plus's Days Payable for the
six
months ended in Mar. 2026 was 67.75.
The historical rank and industry rank for Asset Plus's Days Payable or its related term are showing as below:
NZSE:APL'
s Days Payable Range Over the Past 10 Years
Min: 4.67 Med: 9.43 Max: 273.88
Current: 50.77
During the past 13 years, Asset Plus's highest Days Payable was 273.88. The lowest was 4.67. And the median was 9.43.
NZSE:APL's Days Payable is ranked worse than 70.62% of 548
companies
in the REITs industry
Industry Median: 119.435
vs NZSE:APL: 50.77
Asset Plus's Days Payable
increased
from Mar. 2025 (52.32) to Mar. 2026 (67.75).
It may suggest that Asset Plusdelayed paying its suppliers.
Asset Plus Days Payable Related Terms
Asset Plus Days Payable Historical Data
* Premium members only.
The historical data trend for Asset Plus'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.
NZSE:APL vs VICI, WPC, BNL: Days Payable Comparison
For the REIT - Diversified subindustry, Asset Plus'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.
Asset Plus Days Payable vs REITs Industry
For the REITs industry and Real Estate sector, Asset Plus's Days Payable distribution charts can be found below:
* The bar in red indicates where Asset Plus's Days Payable falls into.
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.
Asset Plus's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as
* 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.
Asset Plus (NZSE:APL) has a Days Payable of 67.75 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Asset Plus and its competitors. This is 618% above median its historical median of 9.43. Over the past decade, Asset Plus' Days Payable has ranged from 4.67 to 273.88. According to the industry distribution chart, Asset Plus ranks #387 out of 548 companies in the REITs industry, placing it in the top 70.6%.
Is Asset Plus' Days Payable too high?
Asset Plus' current Days Payable of 67.75 is 618% above median its 10-year median of 9.43. Over the past 10 years, this metric has ranged from a low of 4.67 to a high of 273.88. The REITs industry median Days Payable is 119.44. Asset Plus' value of 67.75 is 43.3% below this industry median. Based on the distribution chart, Asset Plus ranks #387 out of 548 companies in the REITs industry, which is below the industry midpoint. Overall, Asset Plus has a GF Score™ of 43/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asset Plus' Days Payable compare to VICI and WPC?
According to the REITs industry distribution chart, Asset Plus ranks #387 out of 548 companies for Days Payable. This places Asset Plus in the lower half of its industry. The industry median Days Payable is 119.44. Asset Plus' value of 67.75 is 43.3% below this benchmark. Historically, Asset Plus' own Days Payable has ranged from 4.67 to 273.88 over the past decade. While the company's 10-year median is 9.43 vs. the industry median of 119.44, Asset Plus 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 119.44, 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. Asset Plus's current Days Payable of 67.75 is 43.3% 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 Asset Plus and its competitors. For the REITs industry, the median Days Payable is 119.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asset Plus's current Days Payable is 67.75, which is 618% above median its own 10-year median of 9.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asset Plus stock overvalued right now?
Based on GuruFocus' analysis, Asset Plus (NZSE:APL) is currently considered Modestly Undervalued. The stock's GF Value™ is NZ$0.23, compared to a current price of NZ$0.17 — trading 27.4% below its estimated fair value. The current Days Payable is 67.75, which is 618% above median its 10-year median of 9.43 and 43.3% below the REITs industry median of 119.44. Asset Plus' overall GF Score™ is 43/100 with 2 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 Asset Plus (NZSE:APL), the current Days Payable is 67.75 as of Mar. 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 Asset Plus (NZSE:APL) Overvalued in 2026?
Based on GuruFocus' analysis, Asset Plus stock appears to be undervalued.
The current stock price of NZ$0.17 is trading 27.4% below its estimated GF Value™ of NZ$0.23.
GuruFocus considers Asset Plus to be Modestly Undervalued.
Key valuation signals for NZSE:APL:
Days Payable: 67.75 (618% above median its 10-year median of 9.43)
GF Value™: NZ$0.23 vs. price of NZ$0.17 (27.4% below fair value)
Industry Position: 43.3% below the REITs median (#387 of 548)
No single metric tells the full story. See the NZSE:APL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asset Plus Ltd is a commercial property investment company. Its principal activities include investing in commercial property in New Zealand. The company's investment portfolio consists of office properties in New Zealand including the Munroe Lane property, and the 35 Graham Street property which is currently held for sale.
43GF Score
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