Pan African Resources (ASX:PAF) Days Payable: 45.41 (As of Dec. 2025) — Near Median


ASX:PAF Pan African Resources PLC ASX:PAF
76 GF Score
Price A$1.96
GF Value A$1.64
! 3 Warning Signs
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What is Pan African Resources Days Payable?

Pan African Resources ASX:PAF 76 Days Payable is 45.41 as of Dec. 2025, which is 7% below its 10-year median of 48.64. GuruFocus rates ASX:PAF with a GF Score™ of 76/100 and a GF Value™ of A$1.64. The stock has 3 warning signs investors should review. Among 1,065 Metals & Mining companies, Pan African Resources ranks worse than 74.18% on this metric.

Pan African Resources's average Accounts Payable for the six months ended in Dec. 2025 was A$83 Mil. Pan African Resources's Cost of Goods Sold for the six months ended in Dec. 2025 was A$335 Mil. Hence, Pan African Resources's Days Payable for the six months ended in Dec. 2025 was 45.41.

The historical rank and industry rank for Pan African Resources's Days Payable or its related term are showing as below:

ASX:PAF' s Days Payable Range Over the Past 10 Years
Min: 32.36   Med: 48.64   Max: 92.82
Current: 48.2

During the past 13 years, Pan African Resources's highest Days Payable was 92.82. The lowest was 32.36. And the median was 48.64.

ASX:PAF's Days Payable is ranked worse than
74.18% of 1065 companies
in the Metals & Mining industry
Industry Median: 127.26 vs ASX:PAF: 48.20

Pan African Resources's Days Payable declined from Dec. 2024 (59.84) to Dec. 2025 (45.41). It may suggest that Pan African Resources accelerated paying its suppliers.


Pan African Resources Days Payable Historical Data

* Premium members only.

The historical data trend for Pan African Resources'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.

Pan African Resources Days Payable Chart

Pan African Resources Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.12 41.31 54.11 60.79 51.07

Pan African Resources 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 59.21 64.83 59.84 46.63 45.41

ASX:PAF vs : Days Payable Comparison

For the Gold subindustry, Pan African Resources'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.


Pan African Resources Days Payable vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Pan African Resources's Days Payable distribution charts can be found below:

* The bar in red indicates where Pan African Resources's Days Payable falls into.


ASX:PAF
76GF Score
Pan African Resources PLC ASX:PAF
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Pan African Resources 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.

Pan African Resources's Days Payable for the fiscal year that ended in Jun. 2025 is calculated as

Days Payable (A: Jun. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2024 ) + Accounts Payable (A: Jun. 2025 )) / count ) / Cost of Goods Sold (A: Jun. 2025 )*Days in Period
=( (67.433 + 67.602) / 2 ) / 482.592*365
=67.5175 / 482.592*365
=51.07

Pan African Resources'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
=( (67.602 + 99.128) / 2 ) / 335.026*365 / 2
=83.365 / 335.026*365 / 2
=45.41

* 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 45.41 mean?
Pan African Resources (ASX:PAF) has a Days Payable of 45.41 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 Pan African Resources and its competitors. This is near median its historical median of 48.64. Over the past decade, Pan African Resources' Days Payable has ranged from 32.36 to 92.82. According to the industry distribution chart, Pan African Resources ranks #790 out of 1065 companies in the Metals & Mining industry, placing it in the top 74.2%.
Is Pan African Resources' Days Payable too high?
Pan African Resources' current Days Payable of 45.41 is near median its 10-year median of 48.64. Over the past 10 years, this metric has ranged from a low of 32.36 to a high of 92.82. The Metals & Mining industry median Days Payable is 127.26. Pan African Resources' value of 45.41 is 64.3% below this industry median. Based on the distribution chart, Pan African Resources ranks #790 out of 1065 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Pan African Resources has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Pan African Resources' Days Payable compare to ?
According to the Metals & Mining industry distribution chart, Pan African Resources ranks #790 out of 1065 companies for Days Payable. This places Pan African Resources in the lower half of its industry. The industry median Days Payable is 127.26. Pan African Resources' value of 45.41 is 64.3% below this benchmark. Historically, Pan African Resources' own Days Payable has ranged from 32.36 to 92.82 over the past decade. While the company's 10-year median is 48.64 vs. the industry median of 127.26, Pan African Resources 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 Metals & Mining company?
The median Days Payable among Metals & Mining companies is 127.26, based on 1,065 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. Pan African Resources's current Days Payable of 45.41 is 64.3% 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 Pan African Resources and its competitors. For the Metals & Mining industry, the median Days Payable is 127.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pan African Resources's current Days Payable is 45.41, which is near median its own 10-year median of 48.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pan African Resources stock overvalued right now?
Pan African Resources (ASX:PAF) has a current Days Payable of 45.41. The stock's GF Value™ is A$1.64, compared to a current price of A$1.96 — trading 19.5% above its estimated fair value. The current Days Payable is 45.41, which is near median its 10-year median of 48.64 and 64.3% below the Metals & Mining industry median of 127.26. Pan African Resources' overall GF Score™ is 76/100 with 3 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 Pan African Resources (ASX:PAF), the current Days Payable is 45.41 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 Pan African Resources (ASX:PAF) Overvalued in 2026?

Based on GuruFocus' analysis, Pan African Resources stock appears to be overvalued. The current stock price of A$1.96 is trading 19.5% above its estimated GF Value™ of A$1.64.

Key valuation signals for ASX:PAF:

  • Days Payable: 45.41 (near median its 10-year median of 48.64)
  • GF Value™: A$1.64 vs. price of A$1.96 (19.5% above fair value)
  • GF Score™: 76/100 with 3 warning signs
  • Industry Position: 64.3% below the Metals & Mining median (#790 of 1065)

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


Pan African Resources Business Description

Comparable Companies
Address Corner Cradock and Biermann Avenues, 2nd Floor, Office 204, The Firs Building, Rosebank, Johannesburg, GT, ZAF, 2196
Pan African Resources PLC is engaged in gold mining and exploration activities. The group owns and operates a portfolio of projects located in South Africa, Australia, and an exploration project in Sudan. Its project portfolio comprises Fairview Mine, Sheba and Consort Mines, BTRP, Elikhulu, MTR, Evander Mines, and Tennant Mines. The group's reporting segments are: Mining operations and Other operations. Maximum revenue is generated from the Mining operations segment, which generates revenue from mining, extraction, production, and the sale of gold. The Other operations segment represents its exploration assets in Sudan, Agricultural ESG projects, and other activities. Geographically, the group generates maximum revenue from South Africa, followed by Australia, and UK and Europe.
76GF Score

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

A$1.96
Price
A$1.64
GF Value