Minerva Knitwear (ATH:MIN) Days Payable: 52.99 (As of Dec. 2025) — Near Median


ATH:MIN Minerva Knitwear SA ATH:MIN
33 GF Score
Price €0.57
GF Value €0.58
Valuation Fairly Valued
! 5 Warning Signs
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What is Minerva Knitwear Days Payable?

Minerva Knitwear ATH:MIN -1.72% 33 Days Payable is 52.99 as of Dec. 2025, which is 2% above its 10-year median of 51.76. GuruFocus rates ATH:MIN with a GF Score™ of 33/100 and a GF Value™ of €0.58 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,019 Manufacturing - Apparel & Accessories companies, Minerva Knitwear ranks better than 53.68% on this metric.

Minerva Knitwear's average Accounts Payable for the six months ended in Dec. 2025 was €1.67 Mil. Minerva Knitwear's Cost of Goods Sold for the six months ended in Dec. 2025 was €5.74 Mil. Hence, Minerva Knitwear's Days Payable for the six months ended in Dec. 2025 was 52.99.

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

ATH:MIN' s Days Payable Range Over the Past 10 Years
Min: 46.25   Med: 51.76   Max: 71.01
Current: 58.05

During the past 10 years, Minerva Knitwear's highest Days Payable was 71.01. The lowest was 46.25. And the median was 51.76.

ATH:MIN's Days Payable is ranked better than
53.68% of 1019 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.13 vs ATH:MIN: 58.05

Minerva Knitwear's Days Payable declined from Dec. 2024 (53.13) to Dec. 2025 (52.99). It may suggest that Minerva Knitwear accelerated paying its suppliers.


Minerva Knitwear Days Payable Historical Data

* Premium members only.

The historical data trend for Minerva Knitwear'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.

Minerva Knitwear Days Payable Chart

Minerva Knitwear Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 47.23 53.27 53.91 52.40 48.39

Minerva Knitwear Semi-Annual Data
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 50.18 81.59 53.13 77.25 52.99

ATH:MIN vs AIN: Days Payable Comparison

For the Textile Manufacturing subindustry, Minerva Knitwear'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.


Minerva Knitwear Days Payable vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Minerva Knitwear's Days Payable distribution charts can be found below:

* The bar in red indicates where Minerva Knitwear's Days Payable falls into.


ATH:MIN
33GF Score
Minerva Knitwear SA ATH:MIN
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Minerva Knitwear 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.

Minerva Knitwear's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (1.294 + 1.277) / 2 ) / 9.697*365
=1.2855 / 9.697*365
=48.39

Minerva Knitwear'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
=( (2.056 + 1.277) / 2 ) / 5.74*365 / 2
=1.6665 / 5.74*365 / 2
=52.99

* 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 52.99 mean?
Minerva Knitwear (ATH:MIN) has a Days Payable of 52.99 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 Minerva Knitwear and its competitors. This is near median its historical median of 51.76. Over the past decade, Minerva Knitwear's Days Payable has ranged from 46.25 to 71.01. According to the industry distribution chart, Minerva Knitwear ranks #472 out of 1019 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 46.3%.
Is Minerva Knitwear's Days Payable too high?
Minerva Knitwear's current Days Payable of 52.99 is near median its 10-year median of 51.76. Over the past 10 years, this metric has ranged from a low of 46.25 to a high of 71.01. The Manufacturing - Apparel & Accessories industry median Days Payable is 54.13. Minerva Knitwear's value of 52.99 is 2.1% below this industry median. Based on the distribution chart, Minerva Knitwear ranks #472 out of 1019 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Minerva Knitwear has a GF Score™ of 33/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Minerva Knitwear's Days Payable compare to AIN?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Minerva Knitwear ranks #472 out of 1019 companies for Days Payable. This puts Minerva Knitwear in the upper half of its industry. The industry median Days Payable is 54.13. Minerva Knitwear's value of 52.99 is 2.1% below this benchmark. Historically, Minerva Knitwear's own Days Payable has ranged from 46.25 to 71.01 over the past decade. While the company's 10-year median is 51.76 vs. the industry median of 54.13, Minerva Knitwear 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 54.13, based on 1,019 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. Minerva Knitwear's current Days Payable of 52.99 is 2.1% 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 Minerva Knitwear and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 54.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Minerva Knitwear's current Days Payable is 52.99, which is near median its own 10-year median of 51.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Minerva Knitwear stock overvalued right now?
Based on GuruFocus' analysis, Minerva Knitwear (ATH:MIN) is currently considered Fairly Valued. The stock's GF Value™ is €0.58, compared to a current price of €0.57 — trading 1.7% below its estimated fair value. The current Days Payable is 52.99, which is near median its 10-year median of 51.76 and 2.1% below the Manufacturing - Apparel & Accessories industry median of 54.13. Minerva Knitwear's overall GF Score™ is 33/100 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 Minerva Knitwear (ATH:MIN), the current Days Payable is 52.99 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 Minerva Knitwear (ATH:MIN) Overvalued in 2026?

Based on GuruFocus' analysis, Minerva Knitwear stock appears to be undervalued. The current stock price of €0.57 is trading 1.7% below its estimated GF Value™ of €0.58. GuruFocus considers Minerva Knitwear to be Fairly Valued.

Key valuation signals for ATH:MIN:

  • Days Payable: 52.99 (near median its 10-year median of 51.76)
  • GF Value™: €0.58 vs. price of €0.57 (1.7% below fair value)
  • GF Score™: 33/100 with 5 warning signs
  • Industry Position: 2.1% below the Manufacturing - Apparel & Accessories median (#472 of 1019)

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


Minerva Knitwear Business Description

Address 6th klm Thessaloniki - Oraiokastro, Thessaloniki, GRC, 564 29
Minerva Knitwear SA is engaged in manufacturing, processing and trading of woollen and cotton products, and other textile raw materials. The company's products include men's, women's and children's underwear, men's, women's and children's sleep body-suits-pyjamas, Home-wear clothes for the winter and beachwear for the summer, blouses, T-Shirts, and women's Lingerie.
33GF Score

Get the complete analysis for ATH:MIN

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

€0.57
Price
€0.58
GF Value