Investore Property (NZSE:IPL) Days Payable: 113.66 (As of Mar. 2026) — 721% Above Median


NZSE:IPL Investore Property Ltd NZSE:IPL
65 GF Score
Price NZ$1.04
GF Value NZ$1.13
Valuation Fairly Valued
! 8 Warning Signs
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What is Investore Property Days Payable?

Investore Property NZSE:IPL -0.96% 65 Days Payable is 113.66 as of Mar. 2026, which is 721% above its 10-year median of 13.85. GuruFocus rates NZSE:IPL with a GF Score™ of 65/100 and a GF Value™ of NZ$1.13 (Fairly Valued). The stock has 8 warning signs investors should review. Among 549 REITs companies, Investore Property ranks worse than 66.48% on this metric.

Investore Property's average Accounts Payable for the six months ended in Mar. 2026 was NZ$3.94 Mil. Investore Property's Cost of Goods Sold for the six months ended in Mar. 2026 was NZ$6.32 Mil. Hence, Investore Property's Days Payable for the six months ended in Mar. 2026 was 113.66.

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

NZSE:IPL' s Days Payable Range Over the Past 10 Years
Min: 6.83   Med: 13.85   Max: 82.83
Current: 62.81

During the past 10 years, Investore Property's highest Days Payable was 82.83. The lowest was 6.83. And the median was 13.85.

NZSE:IPL's Days Payable is ranked worse than
66.48% of 549 companies
in the REITs industry
Industry Median: 119.66 vs NZSE:IPL: 62.81

Investore Property's Days Payable declined from Mar. 2025 (200.33) to Mar. 2026 (113.66). It may suggest that Investore Property accelerated paying its suppliers.


Investore Property Days Payable Historical Data

* Premium members only.

The historical data trend for Investore Property'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.

Investore Property Days Payable Chart

Investore Property Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.28 11.79 7.49 6.83 14.41

Investore Property Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 167.23 108.19 200.33 69.95 113.66

NZSE:IPL vs SPG, O, KIM: Days Payable Comparison

For the REIT - Retail subindustry, Investore Property'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.


Investore Property Days Payable vs REITs Industry

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

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


NZSE:IPL
65GF Score
Investore Property Ltd NZSE:IPL
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Investore Property 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.

Investore Property's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as

Days Payable (A: Mar. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2025 ) + Accounts Payable (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (0.488 + 0.791) / 2 ) / 16.202*365
=0.6395 / 16.202*365
=14.41

Investore Property's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (7.085 + 0.791) / 2 ) / 6.323*365 / 2
=3.938 / 6.323*365 / 2
=113.66

* 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 113.66 mean?
Investore Property (NZSE:IPL) has a Days Payable of 113.66 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 Investore Property and its competitors. This is 721% above median its historical median of 13.85. Over the past decade, Investore Property's Days Payable has ranged from 6.83 to 82.83. According to the industry distribution chart, Investore Property ranks #365 out of 549 companies in the REITs industry, placing it in the top 66.5%.
Is Investore Property's Days Payable too high?
Investore Property's current Days Payable of 113.66 is 721% above median its 10-year median of 13.85. Over the past 10 years, this metric has ranged from a low of 6.83 to a high of 82.83. The REITs industry median Days Payable is 119.66. Investore Property's value of 113.66 is 5% below this industry median. Based on the distribution chart, Investore Property ranks #365 out of 549 companies in the REITs industry, which is below the industry midpoint. Overall, Investore Property has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Investore Property's Days Payable compare to SPG and O?
According to the REITs industry distribution chart, Investore Property ranks #365 out of 549 companies for Days Payable. This places Investore Property in the lower half of its industry. The industry median Days Payable is 119.66. Investore Property's value of 113.66 is 5% below this benchmark. Historically, Investore Property's own Days Payable has ranged from 6.83 to 82.83 over the past decade. While the company's 10-year median is 13.85 vs. the industry median of 119.66, Investore Property 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 119.66, 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. Investore Property's current Days Payable of 113.66 is 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 Investore Property and its competitors. For the REITs industry, the median Days Payable is 119.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Investore Property's current Days Payable is 113.66, which is 721% above median its own 10-year median of 13.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Investore Property stock overvalued right now?
Based on GuruFocus' analysis, Investore Property (NZSE:IPL) is currently considered Fairly Valued. The stock's GF Value™ is NZ$1.13, compared to a current price of NZ$1.04 — trading 8.4% below its estimated fair value. The current Days Payable is 113.66, which is 721% above median its 10-year median of 13.85 and 5% below the REITs industry median of 119.66. Investore Property's overall GF Score™ is 65/100 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 Investore Property (NZSE:IPL), the current Days Payable is 113.66 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 Investore Property (NZSE:IPL) Overvalued in 2026?

Based on GuruFocus' analysis, Investore Property stock appears to be undervalued. The current stock price of NZ$1.04 is trading 8.4% below its estimated GF Value™ of NZ$1.13. GuruFocus considers Investore Property to be Fairly Valued.

Key valuation signals for NZSE:IPL:

  • Days Payable: 113.66 (721% above median its 10-year median of 13.85)
  • GF Value™: NZ$1.13 vs. price of NZ$1.04 (8.4% below fair value)
  • GF Score™: 65/100 with 8 warning signs
  • Industry Position: 5% below the REITs median (#365 of 549)

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


Investore Property Business Description

Industry Real EstateREITs
Address 34 Shortland Street, Level 12, Auckland, NZL, 1010
Investore Property Ltd is a commercial property ownership business that has been established to invest in quality Large Format Retail property assets. Its Large Format Retail includes single-story or low-level properties comprising retail shops and outlets and car parking areas. The group is reported to have a single operating segment, being large format retail properties. The company derives revenue from Rental income.
65GF Score

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

NZ$1.04
Price
NZ$1.13
GF Value