Quality and Reliability (ATH:QUAL) Days Payable: 81.15 (As of Dec. 2025) — 15% Above Median

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ATH:QUAL Quality and Reliability SA ATH:QUAL
77 GF Score
Price €1.30
GF Value €2.06
Valuation Possible Value Trap
! 7 Warning Signs
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What is Quality and Reliability Days Payable?

Quality and Reliability ATH:QUAL -0.31% 77 Days Payable is 81.15 as of Dec. 2025, which is 15% above its 10-year median of 70.76. GuruFocus rates ATH:QUAL with a GF Score™ of 77/100 and a GF Value™ of €2.06 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 2,610 Software companies, Quality and Reliability ranks better than 63.95% on this metric.

Quality and Reliability's average Accounts Payable for the six months ended in Dec. 2025 was €4.16 Mil. Quality and Reliability's Cost of Goods Sold for the six months ended in Dec. 2025 was €9.36 Mil. Hence, Quality and Reliability's Days Payable for the six months ended in Dec. 2025 was 81.15.

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

ATH:QUAL' s Days Payable Range Over the Past 10 Years
Min: 33.09   Med: 70.76   Max: 357.42
Current: 81.91

During the past 13 years, Quality and Reliability's highest Days Payable was 357.42. The lowest was 33.09. And the median was 70.76.

ATH:QUAL's Days Payable is ranked better than
63.95% of 2610 companies
in the Software industry
Industry Median: 51.735 vs ATH:QUAL: 81.91

Quality and Reliability's Days Payable increased from Dec. 2024 (44.90) to Dec. 2025 (81.15). It may suggest that Quality and Reliability delayed paying its suppliers.


Quality and Reliability Days Payable Historical Data

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The historical data trend for Quality and Reliability'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.

Quality and Reliability Days Payable Chart

Quality and Reliability 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 33.09 33.32 37.79 45.12 96.40

Quality and Reliability 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 28.14 60.55 44.90 63.59 81.15

ATH:QUAL vs QH, SHOP, UBER: Days Payable Comparison

For the Software - Application subindustry, Quality and Reliability'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.


Quality and Reliability Days Payable vs Software Industry

For the Software industry and Technology sector, Quality and Reliability's Days Payable distribution charts can be found below:

* The bar in red indicates where Quality and Reliability's Days Payable falls into.


ATH:QUAL
77GF Score
Quality and Reliability SA ATH:QUAL
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Quality and Reliability 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.

Quality and Reliability'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
=( (1.672 + 6.173) / 2 ) / 14.852*365
=3.9225 / 14.852*365
=96.40

Quality and Reliability'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
=( (2.153 + 6.173) / 2 ) / 9.362*365 / 2
=4.163 / 9.362*365 / 2
=81.15

* 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 81.15 mean?
Quality and Reliability (ATH:QUAL) has a Days Payable of 81.15 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 Quality and Reliability and its competitors. This is 15% above median its historical median of 70.76. Over the past decade, Quality and Reliability's Days Payable has ranged from 33.09 to 357.42. According to the industry distribution chart, Quality and Reliability ranks #941 out of 2610 companies in the Software industry, placing it in the top 36.1%.
Is Quality and Reliability's Days Payable too high?
Quality and Reliability's current Days Payable of 81.15 is 15% above median its 10-year median of 70.76. Over the past 10 years, this metric has ranged from a low of 33.09 to a high of 357.42. The Software industry median Days Payable is 51.74. Quality and Reliability's value of 81.15 is 56.9% above this industry median. Based on the distribution chart, Quality and Reliability ranks #941 out of 2610 companies in the Software industry, which is above the industry midpoint. Overall, Quality and Reliability has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Quality and Reliability's Days Payable compare to QH and SHOP?
According to the Software industry distribution chart, Quality and Reliability ranks #941 out of 2610 companies for Days Payable. This puts Quality and Reliability in the upper half of its industry. The industry median Days Payable is 51.74. Quality and Reliability's value of 81.15 is 56.9% above this benchmark. Historically, Quality and Reliability's own Days Payable has ranged from 33.09 to 357.42 over the past decade. While the company's 10-year median is 70.76 vs. the industry median of 51.74, Quality and Reliability has consistently been above 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 Software company?
The median Days Payable among Software companies is 51.74, based on 2,610 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. Quality and Reliability's current Days Payable of 81.15 is 56.9% above 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 Quality and Reliability and its competitors. For the Software industry, the median Days Payable is 51.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Quality and Reliability's current Days Payable is 81.15, which is 15% above median its own 10-year median of 70.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quality and Reliability stock overvalued right now?
Based on GuruFocus' analysis, Quality and Reliability (ATH:QUAL) is currently considered Possible Value Trap. The stock's GF Value™ is €2.06, compared to a current price of €1.30 — trading 36.7% below its estimated fair value. The current Days Payable is 81.15, which is 15% above median its 10-year median of 70.76 and 56.9% above the Software industry median of 51.74. Quality and Reliability's overall GF Score™ is 77/100 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 Quality and Reliability (ATH:QUAL), the current Days Payable is 81.15 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 Quality and Reliability (ATH:QUAL) Overvalued in 2026?

Based on GuruFocus' analysis, Quality and Reliability stock appears to be undervalued. The current stock price of €1.30 is trading 36.7% below its estimated GF Value™ of €2.06. GuruFocus considers Quality and Reliability to be Possible Value Trap.

Key valuation signals for ATH:QUAL:

  • Days Payable: 81.15 (15% above median its 10-year median of 70.76)
  • GF Value™: €2.06 vs. price of €1.30 (36.7% below fair value)
  • GF Score™: 77/100 with 7 warning signs
  • Industry Position: 56.9% above the Software median (#941 of 2610)

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


Quality and Reliability Business Description

Address 11B Konitsis Street, Marousi, GRC, 15125
Quality and Reliability SA is engaged in software development and in the provision of integration services for information systems. The company delivers complex Integrated Information Systems for large and mid-size enterprises in the public and private sectors, cutting-edge technology solutions for Financial Institutions, Enterprise web Portals, white label e-Bookstore platforms & label e-commerce solutions, cross-platform Mobile Applications and multi-platform eBook interactive educational authoring tools.
77GF Score

Get the complete analysis for ATH:QUAL

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

€1.30
Price
€2.06
GF Value