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GrendeneBSP:GRND3 -0.26%66 Days Payable is 20.76 as of Mar. 2026, which is 32% above its 10-year median of 15.73. GuruFocus rates BSP:GRND3 with a GF Score™ of 66/100 and a GF Value™ of R$6.65 (Significantly Undervalued). The stock has 7 warning signs investors should review. Among 1,015 Manufacturing - Apparel & Accessories companies, Grendene ranks worse than 87.09% on this metric.
Grendene's average Accounts Payable for the
three
months ended in Mar. 2026 was R$69 Mil. Grendene's Cost of Goods Sold for the
three
months ended in Mar. 2026 was R$304 Mil.
Hence, Grendene's Days Payable for the
three
months ended in Mar. 2026 was 20.76.
The historical rank and industry rank for Grendene's Days Payable or its related term are showing as below:
BSP:GRND3'
s Days Payable Range Over the Past 10 Years
Min: 11.72 Med: 15.73 Max: 20.08
Current: 18.73
During the past 13 years, Grendene's highest Days Payable was 20.08. The lowest was 11.72. And the median was 15.73.
BSP:GRND3's Days Payable is ranked worse than 87.09% of 1015
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.22
vs BSP:GRND3: 18.73
Grendene's Days Payable
declined
from Mar. 2025 (21.11) to Mar. 2026 (20.76).
It may suggest that Grendeneaccelerated paying its suppliers.
Grendene Days Payable Related Terms
Grendene Days Payable Historical Data
* Premium members only.
The historical data trend for Grendene'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.
BSP:GRND3 vs NKE, DECK, ONON: Days Payable Comparison
For the Footwear & Accessories subindustry, Grendene'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.
Grendene Days Payable vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Grendene's Days Payable distribution charts can be found below:
* The bar in red indicates where Grendene's Days Payable falls into.
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.
Grendene's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Grendene (BSP:GRND3) has a Days Payable of 20.76 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Grendene and its competitors. This is 32% above median its historical median of 15.73. Over the past decade, Grendene's Days Payable has ranged from 11.72 to 20.08. According to the industry distribution chart, Grendene ranks #884 out of 1015 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 87.1%.
Is Grendene's Days Payable too high?
Grendene's current Days Payable of 20.76 is 32% above median its 10-year median of 15.73. Over the past 10 years, this metric has ranged from a low of 11.72 to a high of 20.08. The Manufacturing - Apparel & Accessories industry median Days Payable is 54.22. Grendene's value of 20.76 is 61.7% below this industry median. Based on the distribution chart, Grendene ranks #884 out of 1015 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Grendene has a GF Score™ of 66/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Grendene's Days Payable compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Grendene ranks #884 out of 1015 companies for Days Payable. This places Grendene in the lower half of its industry. The industry median Days Payable is 54.22. Grendene's value of 20.76 is 61.7% below this benchmark. Historically, Grendene's own Days Payable has ranged from 11.72 to 20.08 over the past decade. While the company's 10-year median is 15.73 vs. the industry median of 54.22, Grendene 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 54.22, based on 1,015 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. Grendene's current Days Payable of 20.76 is 61.7% 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 Grendene and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 54.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grendene's current Days Payable is 20.76, which is 32% above median its own 10-year median of 15.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grendene stock overvalued right now?
Based on GuruFocus' analysis, Grendene (BSP:GRND3) is currently considered Significantly Undervalued. The stock's GF Value™ is R$6.65, compared to a current price of R$3.88 — trading 41.7% below its estimated fair value. The current Days Payable is 20.76, which is 32% above median its 10-year median of 15.73 and 61.7% below the Manufacturing - Apparel & Accessories industry median of 54.22. Grendene's overall GF Score™ is 66/100 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 Grendene (BSP:GRND3), the current Days Payable is 20.76 as of Mar. 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 Grendene (BSP:GRND3) Overvalued in 2026?
Based on GuruFocus' analysis, Grendene stock appears to be undervalued.
The current stock price of R$3.88 is trading 41.7% below its estimated GF Value™ of R$6.65.
GuruFocus considers Grendene to be Significantly Undervalued.
Key valuation signals for BSP:GRND3:
Days Payable: 20.76 (32% above median its 10-year median of 15.73)
GF Value™: R$6.65 vs. price of R$3.88 (41.7% below fair value)
Industry Position: 61.7% below the Manufacturing - Apparel & Accessories median (#884 of 1015)
No single metric tells the full story. See the BSP:GRND3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grendene SA is engaged in the development, production, distribution, and sale of plastic footwear for all the socio-economic classes, in the women's, men's, and children's market segments. It also has its stores, franchises, and web commerce channels, operating under the brands Melissa, Grendha, Zaxy, Rider, Cartago, Grendene Kids, and Ipanema. It also owns the brands Pega Forte and Nuar. Geographically, the company operates in Brazil, North America, Asia and Oceania, Europe, Central and South America, and the Middle East and Africa, out of which a majority of its revenue comes from Brazil.
66GF Score
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