Invincible Investment (TSE:8963) Days Payable: 23.70 (As of Dec. 2025) — 27% Above Median


TSE:8963 Invincible Investment Corp TSE:8963
68 GF Score
Price 円60,800.00
GF Value 円86,779.74
Valuation Possible Value Trap
! 4 Warning Signs
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What is Invincible Investment Days Payable?

Invincible Investment TSE:8963 +1.00% 68 Days Payable is 23.70 as of Dec. 2025, which is 27% above its 10-year median of 18.64. GuruFocus rates TSE:8963 with a GF Score™ of 68/100 and a GF Value™ of 円86,779.74 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 548 REITs companies, Invincible Investment ranks worse than 82.3% on this metric.

Invincible Investment's average Accounts Payable for the six months ended in Dec. 2025 was 円980 Mil. Invincible Investment's Cost of Goods Sold for the six months ended in Dec. 2025 was 円7,550 Mil. Hence, Invincible Investment's Days Payable for the six months ended in Dec. 2025 was 23.70.

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

TSE:8963' s Days Payable Range Over the Past 10 Years
Min: 9.95   Med: 18.64   Max: 36.02
Current: 29.43

During the past 13 years, Invincible Investment's highest Days Payable was 36.02. The lowest was 9.95. And the median was 18.64.

TSE:8963's Days Payable is ranked worse than
82.3% of 548 companies
in the REITs industry
Industry Median: 119.45 vs TSE:8963: 29.43

Invincible Investment's Days Payable declined from Dec. 2024 (31.25) to Dec. 2025 (23.70). It may suggest that Invincible Investment accelerated paying its suppliers.


Invincible Investment Days Payable Historical Data

* Premium members only.

The historical data trend for Invincible 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.

Invincible Investment Days Payable Chart

Invincible Investment Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.86 31.13 28.13 27.22 36.02

Invincible Investment 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 25.07 26.99 31.25 31.65 23.70

TSE:8963 vs HST, RHP, APLE: Days Payable Comparison

For the REIT - Hotel & Motel subindustry, Invincible 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.


Invincible Investment Days Payable vs REITs Industry

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

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


TSE:8963
68GF Score
Invincible Investment Corp TSE:8963
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Invincible 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.

Invincible Investment's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

Days Payable (A: Dec. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2023 ) + Accounts Payable (A: Dec. 2024 )) / count ) / Cost of Goods Sold (A: Dec. 2024 )*Days in Period
=( (800.491 + 1456.179) / 2 ) / 11432.336*365
=1128.335 / 11432.336*365
=36.02

Invincible Investment'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
=( (824.238 + 1136.347) / 2 ) / 7549.601*365 / 2
=980.2925 / 7549.601*365 / 2
=23.70

* 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 23.70 mean?
Invincible Investment (TSE:8963) has a Days Payable of 23.70 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 Invincible Investment and its competitors. This is 27% above median its historical median of 18.64. Over the past decade, Invincible Investment's Days Payable has ranged from 9.95 to 36.02. According to the industry distribution chart, Invincible Investment ranks #451 out of 548 companies in the REITs industry, placing it in the top 82.3%.
Is Invincible Investment's Days Payable too high?
Invincible Investment's current Days Payable of 23.70 is 27% above median its 10-year median of 18.64. Over the past 10 years, this metric has ranged from a low of 9.95 to a high of 36.02. The REITs industry median Days Payable is 119.45. Invincible Investment's value of 23.70 is 80.2% below this industry median. Based on the distribution chart, Invincible Investment ranks #451 out of 548 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Invincible Investment has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Invincible Investment's Days Payable compare to HST and RHP?
According to the REITs industry distribution chart, Invincible Investment ranks #451 out of 548 companies for Days Payable. This places Invincible Investment in the lower half of its industry. The industry median Days Payable is 119.45. Invincible Investment's value of 23.70 is 80.2% below this benchmark. Historically, Invincible Investment's own Days Payable has ranged from 9.95 to 36.02 over the past decade. While the company's 10-year median is 18.64 vs. the industry median of 119.45, Invincible 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 119.45, 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. Invincible Investment's current Days Payable of 23.70 is 80.2% 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 Invincible Investment 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. Invincible Investment's current Days Payable is 23.70, which is 27% above median its own 10-year median of 18.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Invincible Investment stock overvalued right now?
Based on GuruFocus' analysis, Invincible Investment (TSE:8963) is currently considered Possible Value Trap. The stock's GF Value™ is 円86,779.74, compared to a current price of 円60,800.00 — trading 29.9% below its estimated fair value. The current Days Payable is 23.70, which is 27% above median its 10-year median of 18.64 and 80.2% below the REITs industry median of 119.45. Invincible Investment's overall GF Score™ is 68/100 with 4 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 Invincible Investment (TSE:8963), the current Days Payable is 23.70 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 Invincible Investment (TSE:8963) Overvalued in 2026?

Based on GuruFocus' analysis, Invincible Investment stock appears to be undervalued. The current stock price of 円60,800.00 is trading 29.9% below its estimated GF Value™ of 円86,779.74. GuruFocus considers Invincible Investment to be Possible Value Trap.

Key valuation signals for TSE:8963:

  • Days Payable: 23.70 (27% above median its 10-year median of 18.64)
  • GF Value™: 円86,779.74 vs. price of 円60,800.00 (29.9% below fair value)
  • GF Score™: 68/100 with 4 warning signs
  • Industry Position: 80.2% below the REITs median (#451 of 548)

No single metric tells the full story. See the TSE:8963 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Invincible Investment Business Description

Industry Real EstateREITs
Address Roppongi Hills Mori Tower 41st Floor, 6-10-1 Roppongi, Minato-ku, Tokyo, JPN
Invincible Investment Corp is a real estate investment corporation. The company is an investment REIT focusing on the Tokyo metropolitan area and on residential properties.
68GF Score

Get the complete analysis for TSE:8963

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

円60,800.00
Price
円86,779.74
GF Value