Fukuoka REIT (TSE:8968) Days Payable: 31.82 (As of Feb. 2026) — 54% Above Median


TSE:8968 Fukuoka REIT Corp TSE:8968
64 GF Score
Price 円174,600.00
GF Value 円177,022.86
Valuation Fairly Valued
! 7 Warning Signs
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What is Fukuoka REIT Days Payable?

Fukuoka REIT TSE:8968 +1.69% 64 Days Payable is 31.82 as of Feb. 2026, which is 54% above its 10-year median of 20.68. GuruFocus rates TSE:8968 with a GF Score™ of 64/100 and a GF Value™ of 円177,022.86 (Fairly Valued). The stock has 7 warning signs investors should review. Among 548 REITs companies, Fukuoka REIT ranks worse than 76.46% on this metric.

Fukuoka REIT's average Accounts Payable for the six months ended in Feb. 2026 was 円966 Mil. Fukuoka REIT's Cost of Goods Sold for the six months ended in Feb. 2026 was 円5,538 Mil. Hence, Fukuoka REIT's Days Payable for the six months ended in Feb. 2026 was 31.82.

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

TSE:8968' s Days Payable Range Over the Past 10 Years
Min: 13.87   Med: 20.68   Max: 40.25
Current: 40.25

During the past 13 years, Fukuoka REIT's highest Days Payable was 40.25. The lowest was 13.87. And the median was 20.68.

TSE:8968's Days Payable is ranked worse than
76.46% of 548 companies
in the REITs industry
Industry Median: 119.45 vs TSE:8968: 40.25

Fukuoka REIT's Days Payable declined from Feb. 2025 (39.76) to Feb. 2026 (31.82). It may suggest that Fukuoka REIT accelerated paying its suppliers.


Fukuoka REIT Days Payable Historical Data

* Premium members only.

The historical data trend for Fukuoka REIT'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.

Fukuoka REIT Days Payable Chart

Fukuoka REIT Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.87 14.26 20.79 25.19 23.30

Fukuoka REIT Semi-Annual Data
Aug16 Feb17 Aug17 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 Premium Member Only Premium Member Only Premium Member Only 28.45 25.04 39.76 43.26 31.82

TSE:8968 vs VICI, WPC: Days Payable Comparison

For the REIT - Diversified subindustry, Fukuoka REIT'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.


Fukuoka REIT Days Payable vs REITs Industry

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

* The bar in red indicates where Fukuoka REIT's Days Payable falls into.


TSE:8968
64GF Score
Fukuoka REIT Corp TSE:8968
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Fukuoka REIT 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.

Fukuoka REIT's Days Payable for the fiscal year that ended in Aug. 2024 is calculated as

Days Payable (A: Aug. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Aug. 2023 ) + Accounts Payable (A: Aug. 2024 )) / count ) / Cost of Goods Sold (A: Aug. 2024 )*Days in Period
=( (771.072 + 574.175) / 2 ) / 10536.072*365
=672.6235 / 10536.072*365
=23.30

Fukuoka REIT'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
=( (880.975 + 1050.521) / 2 ) / 5538.425*365 / 2
=965.748 / 5538.425*365 / 2
=31.82

* 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 31.82 mean?
Fukuoka REIT (TSE:8968) has a Days Payable of 31.82 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 Fukuoka REIT and its competitors. This is 54% above median its historical median of 20.68. Over the past decade, Fukuoka REIT's Days Payable has ranged from 13.87 to 40.25. According to the industry distribution chart, Fukuoka REIT ranks #419 out of 548 companies in the REITs industry, placing it in the top 76.5%.
Is Fukuoka REIT's Days Payable too high?
Fukuoka REIT's current Days Payable of 31.82 is 54% above median its 10-year median of 20.68. Over the past 10 years, this metric has ranged from a low of 13.87 to a high of 40.25. The REITs industry median Days Payable is 119.45. Fukuoka REIT's value of 31.82 is 73.4% below this industry median. Based on the distribution chart, Fukuoka REIT ranks #419 out of 548 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Fukuoka REIT has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fukuoka REIT's Days Payable compare to VICI and WPC?
According to the REITs industry distribution chart, Fukuoka REIT ranks #419 out of 548 companies for Days Payable. This places Fukuoka REIT in the lower half of its industry. The industry median Days Payable is 119.45. Fukuoka REIT's value of 31.82 is 73.4% below this benchmark. Historically, Fukuoka REIT's own Days Payable has ranged from 13.87 to 40.25 over the past decade. While the company's 10-year median is 20.68 vs. the industry median of 119.45, Fukuoka REIT 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. Fukuoka REIT's current Days Payable of 31.82 is 73.4% 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 Fukuoka REIT 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. Fukuoka REIT's current Days Payable is 31.82, which is 54% above median its own 10-year median of 20.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fukuoka REIT stock overvalued right now?
Based on GuruFocus' analysis, Fukuoka REIT (TSE:8968) is currently considered Fairly Valued. The stock's GF Value™ is 円177,022.86, compared to a current price of 円174,600.00 — trading 1.4% below its estimated fair value. The current Days Payable is 31.82, which is 54% above median its 10-year median of 20.68 and 73.4% below the REITs industry median of 119.45. Fukuoka REIT's overall GF Score™ is 64/100 with 7 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 Fukuoka REIT (TSE:8968), the current Days Payable is 31.82 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 Fukuoka REIT (TSE:8968) Overvalued in 2026?

Based on GuruFocus' analysis, Fukuoka REIT stock appears to be undervalued. The current stock price of 円174,600.00 is trading 1.4% below its estimated GF Value™ of 円177,022.86. GuruFocus considers Fukuoka REIT to be Fairly Valued.

Key valuation signals for TSE:8968:

  • Days Payable: 31.82 (54% above median its 10-year median of 20.68)
  • GF Value™: 円177,022.86 vs. price of 円174,600.00 (1.4% below fair value)
  • GF Score™: 64/100 with 7 warning signs
  • Industry Position: 73.4% below the REITs median (#419 of 548)

No single metric tells the full story. See the TSE:8968 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fukuoka REIT Business Description

Industry Real EstateREITs
Address 1-2-25 Sumiyoshi, Hakata, Fukuoka, JPN, 812-0018
Fukuoka REIT Corp is an REIT based in Japan. The company manages a portfolio with a focus on entertainment retail facilities and office buildings in the Fukuoka metropolitan area and other neighbouring areas in the Kyushu region. Fukuoka REIT's asset manager, Fukuoka Realty, provides real estate management, acquisition, arrangement of new property, fundraising, and other operations under contracts. The firm diversifies in retail, office buildings, and other types of property, including residences, hotels, logistics facilities, and public and other facilities. Retail property represents more than half of the portfolio assets.
64GF Score

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

円174,600.00
Price
円177,022.86
GF Value