Hankyu Hanshin REIT (TSE:8977) Days Payable: 55.71 (As of Nov. 2025) — Near Median


TSE:8977 Hankyu Hanshin REIT Inc TSE:8977
58 GF Score
Price 円139,900.00
GF Value 円161,504.99
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Hankyu Hanshin REIT Days Payable?

Hankyu Hanshin REIT TSE:8977 +1.16% 58 Days Payable is 55.71 as of Nov. 2025, which is 4% above its 10-year median of 53.33. GuruFocus rates TSE:8977 with a GF Score™ of 58/100 and a GF Value™ of 円161,504.99 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 548 REITs companies, Hankyu Hanshin REIT ranks worse than 66.61% on this metric.

Hankyu Hanshin REIT's average Accounts Payable for the six months ended in Nov. 2025 was 円950 Mil. Hankyu Hanshin REIT's Cost of Goods Sold for the six months ended in Nov. 2025 was 円3,111 Mil. Hence, Hankyu Hanshin REIT's Days Payable for the six months ended in Nov. 2025 was 55.71.

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

TSE:8977' s Days Payable Range Over the Past 10 Years
Min: 36.37   Med: 53.33   Max: 70.71
Current: 59.8

During the past 13 years, Hankyu Hanshin REIT's highest Days Payable was 70.71. The lowest was 36.37. And the median was 53.33.

TSE:8977's Days Payable is ranked worse than
66.61% of 548 companies
in the REITs industry
Industry Median: 119.45 vs TSE:8977: 59.80

Hankyu Hanshin REIT's Days Payable declined from Nov. 2024 (58.04) to Nov. 2025 (55.71). It may suggest that Hankyu Hanshin REIT accelerated paying its suppliers.


Hankyu Hanshin REIT Days Payable Historical Data

* Premium members only.

The historical data trend for Hankyu Hanshin 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.

Hankyu Hanshin REIT Days Payable Chart

Hankyu Hanshin REIT Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.41 57.23 63.57 70.71 63.85

Hankyu Hanshin REIT Semi-Annual Data
May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
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 56.98 65.65 58.04 59.96 55.71

TSE:8977 vs VICI, WPC: Days Payable Comparison

For the REIT - Diversified subindustry, Hankyu Hanshin 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.


Hankyu Hanshin REIT Days Payable vs REITs Industry

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

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


TSE:8977
58GF Score
Hankyu Hanshin REIT Inc TSE:8977
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Hankyu Hanshin 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.

Hankyu Hanshin REIT's Days Payable for the fiscal year that ended in Nov. 2025 is calculated as

Days Payable (A: Nov. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Nov. 2024 ) + Accounts Payable (A: Nov. 2025 )) / count ) / Cost of Goods Sold (A: Nov. 2025 )*Days in Period
=( (1079.42 + 1041.049) / 2 ) / 6060.538*365
=1060.2345 / 6060.538*365
=63.85

Hankyu Hanshin REIT's Days Payable for the quarter that ended in Nov. 2025 is calculated as:

Days Payable (Q: Nov. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: May. 2025 ) + Accounts Payable (Q: Nov. 2025 )) / count ) / Cost of Goods Sold (Q: Nov. 2025 )*Days in Period
=( (858.374 + 1041.049) / 2 ) / 3111.32*365 / 2
=949.7115 / 3111.32*365 / 2
=55.71

* 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 55.71 mean?
Hankyu Hanshin REIT (TSE:8977) has a Days Payable of 55.71 as of Nov. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Hankyu Hanshin REIT and its competitors. This is near median its historical median of 53.33. Over the past decade, Hankyu Hanshin REIT's Days Payable has ranged from 36.37 to 70.71. According to the industry distribution chart, Hankyu Hanshin REIT ranks #365 out of 548 companies in the REITs industry, placing it in the top 66.6%.
Is Hankyu Hanshin REIT's Days Payable too high?
Hankyu Hanshin REIT's current Days Payable of 55.71 is near median its 10-year median of 53.33. Over the past 10 years, this metric has ranged from a low of 36.37 to a high of 70.71. The REITs industry median Days Payable is 119.45. Hankyu Hanshin REIT's value of 55.71 is 53.4% below this industry median. Based on the distribution chart, Hankyu Hanshin REIT ranks #365 out of 548 companies in the REITs industry, which is below the industry midpoint. Overall, Hankyu Hanshin REIT has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hankyu Hanshin REIT's Days Payable compare to VICI and WPC?
According to the REITs industry distribution chart, Hankyu Hanshin REIT ranks #365 out of 548 companies for Days Payable. This places Hankyu Hanshin REIT in the lower half of its industry. The industry median Days Payable is 119.45. Hankyu Hanshin REIT's value of 55.71 is 53.4% below this benchmark. Historically, Hankyu Hanshin REIT's own Days Payable has ranged from 36.37 to 70.71 over the past decade. While the company's 10-year median is 53.33 vs. the industry median of 119.45, Hankyu Hanshin 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. Hankyu Hanshin REIT's current Days Payable of 55.71 is 53.4% 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 Hankyu Hanshin 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. Hankyu Hanshin REIT's current Days Payable is 55.71, which is near median its own 10-year median of 53.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hankyu Hanshin REIT stock overvalued right now?
Based on GuruFocus' analysis, Hankyu Hanshin REIT (TSE:8977) is currently considered Modestly Undervalued. The stock's GF Value™ is 円161,504.99, compared to a current price of 円139,900.00 — trading 13.4% below its estimated fair value. The current Days Payable is 55.71, which is near median its 10-year median of 53.33 and 53.4% below the REITs industry median of 119.45. Hankyu Hanshin REIT's overall GF Score™ is 58/100 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 Hankyu Hanshin REIT (TSE:8977), the current Days Payable is 55.71 as of Nov. 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 Hankyu Hanshin REIT (TSE:8977) Overvalued in 2026?

Based on GuruFocus' analysis, Hankyu Hanshin REIT stock appears to be undervalued. The current stock price of 円139,900.00 is trading 13.4% below its estimated GF Value™ of 円161,504.99. GuruFocus considers Hankyu Hanshin REIT to be Modestly Undervalued.

Key valuation signals for TSE:8977:

  • Days Payable: 55.71 (near median its 10-year median of 53.33)
  • GF Value™: 円161,504.99 vs. price of 円139,900.00 (13.4% below fair value)
  • GF Score™: 58/100 with 4 warning signs
  • Industry Position: 53.4% below the REITs median (#365 of 548)

No single metric tells the full story. See the TSE:8977 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hankyu Hanshin REIT Business Description

Industry Real EstateREITs
Address 19-19, Chayamachi, Applause Tower, 19th floor, Osaka, JPN, 530-0013
Hankyu Hanshin REIT Inc is a real estate investment trust. The firm manages funds contributed by unitholders by investing them mainly in real estate and real estate backed securities. Its portfolio comprises retail facilities, Office use facilities and Complex facilities. The firm holds the majority of its investments in Kansai region.
58GF Score

Get the complete analysis for TSE:8977

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

円139,900.00
Price
円161,504.99
GF Value