MIRARTH Real Estate Investment (TSE:3492) Days Payable: 44.94 (As of Feb. 2026) — 23% Below Median

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TSE:3492 MIRARTH Real Estate Investment Corp TSE:3492
51 GF Score
Price 円82,800.00
GF Value 円103,806.55
Valuation Modestly Undervalued
! 5 Warning Signs
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What is MIRARTH Real Estate Investment Days Payable?

MIRARTH Real Estate Investment TSE:3492 -0.24% 51 Days Payable is 44.94 as of Feb. 2026, which is 23% below its 10-year median of 58.49. GuruFocus rates TSE:3492 with a GF Score™ of 51/100 and a GF Value™ of 円103,806.55 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 548 REITs companies, MIRARTH Real Estate Investment ranks worse than 70.07% on this metric.

MIRARTH Real Estate Investment's average Accounts Payable for the six months ended in Feb. 2026 was 円435 Mil. MIRARTH Real Estate Investment's Cost of Goods Sold for the six months ended in Feb. 2026 was 円1,768 Mil. Hence, MIRARTH Real Estate Investment's Days Payable for the six months ended in Feb. 2026 was 44.94.

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

TSE:3492' s Days Payable Range Over the Past 10 Years
Min: 41.57   Med: 58.49   Max: 637.91
Current: 51.8

During the past 8 years, MIRARTH Real Estate Investment's highest Days Payable was 637.91. The lowest was 41.57. And the median was 58.49.

TSE:3492's Days Payable is ranked worse than
70.07% of 548 companies
in the REITs industry
Industry Median: 119.435 vs TSE:3492: 51.80

MIRARTH Real Estate Investment's Days Payable declined from Feb. 2025 (60.97) to Feb. 2026 (44.94). It may suggest that MIRARTH Real Estate Investment accelerated paying its suppliers.


MIRARTH Real Estate Investment Days Payable Historical Data

* Premium members only.

The historical data trend for MIRARTH Real Estate 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.

MIRARTH Real Estate Investment Days Payable Chart

MIRARTH Real Estate Investment Annual Data
Trend Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Days Payable
Get a 7-Day Free Trial 56.49 41.57 56.32 62.24 44.94

MIRARTH Real Estate Investment Semi-Annual Data
Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 68.62 60.90 60.97 50.57 44.94

TSE:3492 vs VICI, WPC: Days Payable Comparison

For the REIT - Diversified subindustry, MIRARTH Real Estate 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.


MIRARTH Real Estate Investment Days Payable vs REITs Industry

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

* The bar in red indicates where MIRARTH Real Estate Investment's Days Payable falls into.


TSE:3492
51GF Score
MIRARTH Real Estate Investment Corp TSE:3492
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MIRARTH Real Estate 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.

MIRARTH Real Estate Investment's Days Payable for the fiscal year that ended in Aug. 2025 is calculated as

Days Payable (A: Aug. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Aug. 2024 ) + Accounts Payable (A: Aug. 2025 )) / count ) / Cost of Goods Sold (A: Aug. 2025 )*Days in Period
=( (475.94 + 334.282) / 2 ) / 3290.34*365
=405.111 / 3290.34*365
=44.94

MIRARTH Real Estate Investment's Days Payable for the quarter that ended in Feb. 2026 is calculated as:

Days Payable (Q: Feb. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Aug. 2025 ) + Accounts Payable (Q: Feb. 2026 )) / count ) / Cost of Goods Sold (Q: Feb. 2026 )*Days in Period
=( (334.282 + 536.385) / 2 ) / 1767.735*365 / 2
=435.3335 / 1767.735*365 / 2
=44.94

* 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 44.94 mean?
MIRARTH Real Estate Investment (TSE:3492) has a Days Payable of 44.94 as of Feb. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on MIRARTH Real Estate Investment and its competitors. This is 23% below median its historical median of 58.49. Over the past decade, MIRARTH Real Estate Investment's Days Payable has ranged from 41.57 to 637.91. According to the industry distribution chart, MIRARTH Real Estate Investment ranks #384 out of 548 companies in the REITs industry, placing it in the top 70.1%.
Is MIRARTH Real Estate Investment's Days Payable too high?
MIRARTH Real Estate Investment's current Days Payable of 44.94 is 23% below median its 10-year median of 58.49. Over the past 10 years, this metric has ranged from a low of 41.57 to a high of 637.91. The REITs industry median Days Payable is 119.44. MIRARTH Real Estate Investment's value of 44.94 is 62.4% below this industry median. Based on the distribution chart, MIRARTH Real Estate Investment ranks #384 out of 548 companies in the REITs industry, which is below the industry midpoint. Overall, MIRARTH Real Estate Investment has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MIRARTH Real Estate Investment's Days Payable compare to VICI and WPC?
According to the REITs industry distribution chart, MIRARTH Real Estate Investment ranks #384 out of 548 companies for Days Payable. This places MIRARTH Real Estate Investment in the lower half of its industry. The industry median Days Payable is 119.44. MIRARTH Real Estate Investment's value of 44.94 is 62.4% below this benchmark. Historically, MIRARTH Real Estate Investment's own Days Payable has ranged from 41.57 to 637.91 over the past decade. While the company's 10-year median is 58.49 vs. the industry median of 119.44, MIRARTH Real Estate 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 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. MIRARTH Real Estate Investment's current Days Payable of 44.94 is 62.4% 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 MIRARTH Real Estate Investment 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. MIRARTH Real Estate Investment's current Days Payable is 44.94, which is 23% below median its own 10-year median of 58.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MIRARTH Real Estate Investment stock overvalued right now?
Based on GuruFocus' analysis, MIRARTH Real Estate Investment (TSE:3492) is currently considered Modestly Undervalued. The stock's GF Value™ is 円103,806.55, compared to a current price of 円82,800.00 — trading 20.2% below its estimated fair value. The current Days Payable is 44.94, which is 23% below median its 10-year median of 58.49 and 62.4% below the REITs industry median of 119.44. MIRARTH Real Estate Investment's overall GF Score™ is 51/100 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 MIRARTH Real Estate Investment (TSE:3492), the current Days Payable is 44.94 as of Feb. 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 MIRARTH Real Estate Investment (TSE:3492) Overvalued in 2026?

Based on GuruFocus' analysis, MIRARTH Real Estate Investment stock appears to be undervalued. The current stock price of 円82,800.00 is trading 20.2% below its estimated GF Value™ of 円103,806.55. GuruFocus considers MIRARTH Real Estate Investment to be Modestly Undervalued.

Key valuation signals for TSE:3492:

  • Days Payable: 44.94 (23% below median its 10-year median of 58.49)
  • GF Value™: 円103,806.55 vs. price of 円82,800.00 (20.2% below fair value)
  • GF Score™: 51/100 with 5 warning signs
  • Industry Position: 62.4% below the REITs median (#384 of 548)

No single metric tells the full story. See the TSE:3492 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MIRARTH Real Estate Investment Business Description

Industry Real EstateREITs
Address 2-2-1 Otemachi, Shin-Otemachi Building, 3rd Floor, Chiyoda-ku, Tokyo, JPN, 107-0052
MIRARTH Real Estate Investment Corp is a J-REIT that invests in residential properties, as well as office buildings, retail facilities, hotels, and other properties. It aims to build a diverse, comprehensive portfolio consisting of residential, office, hotel, commercial, and other properties by maximizing the strengths of each sponsor company through property development, property revitalization, and flexible property acquisition in the external real estate market.
51GF Score

Get the complete analysis for TSE:3492

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

円82,800.00
Price
円103,806.55
GF Value