Tosei Reit Investment (TSE:3451) Days Payable: 31.69 (As of Apr. 2026) — 36% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:3451 Tosei Reit Investment Corp TSE:3451
58 GF Score
Price 円131,000.00
GF Value 円142,857.20
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Tosei Reit Investment Days Payable?

Tosei Reit Investment TSE:3451 -0.38% 58 Days Payable is 31.69 as of Apr. 2026, which is 36% above its 10-year median of 23.36. GuruFocus rates TSE:3451 with a GF Score™ of 58/100 and a GF Value™ of 円142,857.20 (Fairly Valued). The stock has 5 warning signs investors should review. Among 537 REITs companies, Tosei Reit Investment ranks worse than 80.45% on this metric.

Tosei Reit Investment's average Accounts Payable for the six months ended in Apr. 2026 was 円279 Mil. Tosei Reit Investment's Cost of Goods Sold for the six months ended in Apr. 2026 was 円1,606 Mil. Hence, Tosei Reit Investment's Days Payable for the six months ended in Apr. 2026 was 31.69.

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

TSE:3451' s Days Payable Range Over the Past 10 Years
Min: 15.41   Med: 23.36   Max: 34.16
Current: 30.33

During the past 11 years, Tosei Reit Investment's highest Days Payable was 34.16. The lowest was 15.41. And the median was 23.36.

TSE:3451's Days Payable is ranked worse than
80.45% of 537 companies
in the REITs industry
Industry Median: 112.89 vs TSE:3451: 30.33

Tosei Reit Investment's Days Payable increased from Apr. 2025 (24.41) to Apr. 2026 (31.69). It may suggest that Tosei Reit Investment delayed paying its suppliers.


Tosei Reit Investment Days Payable Historical Data

* Premium members only.

The historical data trend for Tosei Reit Investment'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.

Tosei Reit Investment Days Payable Chart

Tosei Reit Investment Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.63 18.28 22.62 24.09 30.02

Tosei Reit Investment Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 22.34 19.47 24.41 33.19 31.69

TSE:3451 vs VICI, WPC: Days Payable Comparison

For the REIT - Diversified subindustry, Tosei Reit Investment'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.


Tosei Reit Investment Days Payable vs REITs Industry

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

* The bar in red indicates where Tosei Reit Investment's Days Payable falls into.


TSE:3451
58GF Score
Tosei Reit Investment Corp TSE:3451
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tosei Reit Investment 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.

Tosei Reit Investment's Days Payable for the fiscal year that ended in Oct. 2025 is calculated as

Days Payable (A: Oct. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Oct. 2024 ) + Accounts Payable (A: Oct. 2025 )) / count ) / Cost of Goods Sold (A: Oct. 2025 )*Days in Period
=( (188.447 + 341.522) / 2 ) / 3222*365
=264.9845 / 3222*365
=30.02

Tosei Reit Investment's Days Payable for the quarter that ended in Apr. 2026 is calculated as:

Days Payable (Q: Apr. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Oct. 2025 ) + Accounts Payable (Q: Apr. 2026 )) / count ) / Cost of Goods Sold (Q: Apr. 2026 )*Days in Period
=( (341.522 + 216.366) / 2 ) / 1606.483*365 / 2
=278.944 / 1606.483*365 / 2
=31.69

* 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 31.69 mean?
Tosei Reit Investment (TSE:3451) has a Days Payable of 31.69 as of Apr. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Tosei Reit Investment and its competitors. This is 36% above median its historical median of 23.36. Over the past decade, Tosei Reit Investment's Days Payable has ranged from 15.41 to 34.16. According to the industry distribution chart, Tosei Reit Investment ranks #432 out of 537 companies in the REITs industry, placing it in the top 80.4%.
Is Tosei Reit Investment's Days Payable too high?
Tosei Reit Investment's current Days Payable of 31.69 is 36% above median its 10-year median of 23.36. Over the past 10 years, this metric has ranged from a low of 15.41 to a high of 34.16. The REITs industry median Days Payable is 112.89. Tosei Reit Investment's value of 31.69 is 71.9% below this industry median. Based on the distribution chart, Tosei Reit Investment ranks #432 out of 537 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Tosei Reit Investment has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tosei Reit Investment's Days Payable compare to VICI and WPC?
According to the REITs industry distribution chart, Tosei Reit Investment ranks #432 out of 537 companies for Days Payable. This places Tosei Reit Investment in the lower half of its industry. The industry median Days Payable is 112.89. Tosei Reit Investment's value of 31.69 is 71.9% below this benchmark. Historically, Tosei Reit Investment's own Days Payable has ranged from 15.41 to 34.16 over the past decade. While the company's 10-year median is 23.36 vs. the industry median of 112.89, Tosei Reit Investment 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 112.89, based on 537 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. Tosei Reit Investment's current Days Payable of 31.69 is 71.9% 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 Tosei Reit Investment and its competitors. For the REITs industry, the median Days Payable is 112.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tosei Reit Investment's current Days Payable is 31.69, which is 36% above median its own 10-year median of 23.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tosei Reit Investment stock overvalued right now?
Based on GuruFocus' analysis, Tosei Reit Investment (TSE:3451) is currently considered Fairly Valued. The stock's GF Value™ is 円142,857.20, compared to a current price of 円131,000.00 — trading 8.3% below its estimated fair value. The current Days Payable is 31.69, which is 36% above median its 10-year median of 23.36 and 71.9% below the REITs industry median of 112.89. Tosei Reit Investment's overall GF Score™ is 58/100 with 5 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 Tosei Reit Investment (TSE:3451), the current Days Payable is 31.69 as of Apr. 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 Tosei Reit Investment (TSE:3451) Overvalued in 2026?

Based on GuruFocus' analysis, Tosei Reit Investment stock appears to be undervalued. The current stock price of 円131,000.00 is trading 8.3% below its estimated GF Value™ of 円142,857.20. GuruFocus considers Tosei Reit Investment to be Fairly Valued.

Key valuation signals for TSE:3451:

  • Days Payable: 31.69 (36% above median its 10-year median of 23.36)
  • GF Value™: 円142,857.20 vs. price of 円131,000.00 (8.3% below fair value)
  • GF Score™: 58/100 with 5 warning signs
  • Industry Position: 71.9% below the REITs median (#432 of 537)

No single metric tells the full story. See the TSE:3451 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tosei Reit Investment Business Description

Industry Real EstateREITs
Address 4-5-4 Shibaura, Tamachi Tosei Building, Minato-ku, Tokyo, JPN
Tosei Reit Investment Corp is a Japanese company operating in the real estate industry. The company invests in real estate and other assets and the investments are spread across Offices, Commercial facility and Housing.
58GF Score

Get the complete analysis for TSE:3451

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

円131,000.00
Price
円142,857.20
GF Value