Afric Industries (CAS:AFI) Days Payable: 76.57 (As of Dec. 2025) — 20% Above Median


CAS:AFI Afric Industries SA CAS:AFI
66 GF Score
Price MAD336.95
GF Value MAD338.88
Valuation Fairly Valued
! 6 Warning Signs
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What is Afric Industries Days Payable?

Afric Industries CAS:AFI -0.01% 66 Days Payable is 76.57 as of Dec. 2025, which is 20% above its 10-year median of 63.76. GuruFocus rates CAS:AFI with a GF Score™ of 66/100 and a GF Value™ of MAD338.88 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,560 Chemicals companies, Afric Industries ranks better than 62.05% on this metric.

Afric Industries's average Accounts Payable for the six months ended in Dec. 2025 was MAD4.83 Mil. Afric Industries's Cost of Goods Sold for the six months ended in Dec. 2025 was MAD11.50 Mil. Hence, Afric Industries's Days Payable for the six months ended in Dec. 2025 was 76.57.

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

CAS:AFI' s Days Payable Range Over the Past 10 Years
Min: 59.31   Med: 63.76   Max: 81.66
Current: 74.2

During the past 10 years, Afric Industries's highest Days Payable was 81.66. The lowest was 59.31. And the median was 63.76.

CAS:AFI's Days Payable is ranked better than
62.05% of 1560 companies
in the Chemicals industry
Industry Median: 59.915 vs CAS:AFI: 74.20

Afric Industries's Days Payable declined from Dec. 2024 (97.14) to Dec. 2025 (76.57). It may suggest that Afric Industries accelerated paying its suppliers.


Afric Industries Days Payable Historical Data

* Premium members only.

The historical data trend for Afric Industries'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.

Afric Industries Days Payable Chart

Afric Industries 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 59.91 69.97 60.12 63.76 68.77

Afric Industries 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 47.71 126.93 97.14 77.29 76.57

CAS:AFI vs LIN, SHW, ECL: Days Payable Comparison

For the Specialty Chemicals subindustry, Afric Industries'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.


Afric Industries Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Afric Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Afric Industries's Days Payable falls into.


CAS:AFI
66GF Score
Afric Industries SA CAS:AFI
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Afric Industries 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.

Afric Industries'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
=( (3.483 + 4.633) / 2 ) / 21.539*365
=4.058 / 21.539*365
=68.77

Afric Industries'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
=( (5.019 + 4.633) / 2 ) / 11.502*365 / 2
=4.826 / 11.502*365 / 2
=76.57

* 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 76.57 mean?
Afric Industries (CAS:AFI) has a Days Payable of 76.57 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 Afric Industries and its competitors. This is 20% above median its historical median of 63.76. Over the past decade, Afric Industries' Days Payable has ranged from 59.31 to 81.66. According to the industry distribution chart, Afric Industries ranks #592 out of 1560 companies in the Chemicals industry, placing it in the top 37.9%.
Is Afric Industries' Days Payable too high?
Afric Industries' current Days Payable of 76.57 is 20% above median its 10-year median of 63.76. Over the past 10 years, this metric has ranged from a low of 59.31 to a high of 81.66. The Chemicals industry median Days Payable is 59.92. Afric Industries' value of 76.57 is 27.8% above this industry median. Based on the distribution chart, Afric Industries ranks #592 out of 1560 companies in the Chemicals industry, which is above the industry midpoint. Overall, Afric Industries has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Afric Industries' Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, Afric Industries ranks #592 out of 1560 companies for Days Payable. This puts Afric Industries in the upper half of its industry. The industry median Days Payable is 59.92. Afric Industries' value of 76.57 is 27.8% above this benchmark. Historically, Afric Industries' own Days Payable has ranged from 59.31 to 81.66 over the past decade. While the company's 10-year median is 63.76 vs. the industry median of 59.92, Afric Industries 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 Chemicals company?
The median Days Payable among Chemicals companies is 59.92, based on 1,560 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. Afric Industries's current Days Payable of 76.57 is 27.8% 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 Afric Industries and its competitors. For the Chemicals industry, the median Days Payable is 59.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afric Industries's current Days Payable is 76.57, which is 20% above median its own 10-year median of 63.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Afric Industries stock overvalued right now?
Based on GuruFocus' analysis, Afric Industries (CAS:AFI) is currently considered Fairly Valued. The stock's GF Value™ is MAD338.88, compared to a current price of MAD336.95 — trading 0.6% below its estimated fair value. The current Days Payable is 76.57, which is 20% above median its 10-year median of 63.76 and 27.8% above the Chemicals industry median of 59.92. Afric Industries' overall GF Score™ is 66/100 with 6 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 Afric Industries (CAS:AFI), the current Days Payable is 76.57 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 Afric Industries (CAS:AFI) Overvalued in 2026?

Based on GuruFocus' analysis, Afric Industries stock appears to be undervalued. The current stock price of MAD336.95 is trading 0.6% below its estimated GF Value™ of MAD338.88. GuruFocus considers Afric Industries to be Fairly Valued.

Key valuation signals for CAS:AFI:

  • Days Payable: 76.57 (20% above median its 10-year median of 63.76)
  • GF Value™: MAD338.88 vs. price of MAD336.95 (0.6% below fair value)
  • GF Score™: 66/100 with 6 warning signs
  • Industry Position: 27.8% above the Chemicals median (#592 of 1560)

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


Afric Industries Business Description

Address Lot 107, Street 3, Tetouan Road, Industrial Area of Mghogha, Tangier, MAR, 90000
Afric Industries SA is engaged in the development, production, and marketing of abrasive products of all shapes and sizes. It is also engaged in the manufacturing and sale of tapes and adhesive and self-adhesive tapes; manufacturing, assembling, glazing, installation and marketing of all types of joinery and finished aluminum products and other materials; purchase, sale, import, export, manufacturing, processing, assembly, installation laying of all equipments, materials, tools, accessories, raw materials and spare parts.
66GF Score

Get the complete analysis for CAS:AFI

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

MAD336.95
Price
MAD338.88
GF Value