Ermes Department Stores (CYS:ERME) Days Payable: 445.86 (As of Jun. 2025) — 272% Above Median


What is Ermes Department Stores Days Payable?

Ermes Department Stores CYS:ERME +7.41% Days Payable is 445.86 as of Jun. 2025, which is 272% above its 10-year median of 119.96. The stock has 4 warning signs investors should review. Among 1,095 Retail - Cyclical companies, Ermes Department Stores ranks better than 92.6% on this metric.

Ermes Department Stores's average Accounts Payable for the six months ended in Jun. 2025 was €7.06 Mil. Ermes Department Stores's Cost of Goods Sold for the six months ended in Jun. 2025 was €2.89 Mil. Hence, Ermes Department Stores's Days Payable for the six months ended in Jun. 2025 was 445.86.

The historical rank and industry rank for Ermes Department Stores's Days Payable or its related term are showing as below:

CYS:ERME' s Days Payable Range Over the Past 10 Years
Min: 78.85   Med: 119.96   Max: 393.89
Current: 216.91

During the past 13 years, Ermes Department Stores's highest Days Payable was 393.89. The lowest was 78.85. And the median was 119.96.

CYS:ERME's Days Payable is ranked better than
92.6% of 1095 companies
in the Retail - Cyclical industry
Industry Median: 52.33 vs CYS:ERME: 216.91

Ermes Department Stores's Days Payable declined from Jun. 2024 (1,079.03) to Jun. 2025 (445.86). It may suggest that Ermes Department Stores accelerated paying its suppliers.


Ermes Department Stores Days Payable Historical Data

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The historical data trend for Ermes Department Stores'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.

Ermes Department Stores Days Payable Chart

Ermes Department Stores Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 152.73 146.71 134.49 393.89 249.39

Ermes Department Stores Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
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 151.03 0.00 1,079.03 161.43 445.86

CYS:ERME vs DDS, M: Days Payable Comparison

For the Department Stores subindustry, Ermes Department Stores'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.


Ermes Department Stores Days Payable vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Ermes Department Stores's Days Payable distribution charts can be found below:

* The bar in red indicates where Ermes Department Stores's Days Payable falls into.



Ermes Department Stores 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.

Ermes Department Stores's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

Days Payable (A: Dec. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2023 ) + Accounts Payable (A: Dec. 2024 )) / count ) / Cost of Goods Sold (A: Dec. 2024 )*Days in Period
=( (22.176 + 8.713) / 2 ) / 22.604*365
=15.4445 / 22.604*365
=249.39

Ermes Department Stores's Days Payable for the quarter that ended in Jun. 2025 is calculated as:

Days Payable (Q: Jun. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2024 ) + Accounts Payable (Q: Jun. 2025 )) / count ) / Cost of Goods Sold (Q: Jun. 2025 )*Days in Period
=( (8.713 + 5.408) / 2 ) / 2.89*365 / 2
=7.0605 / 2.89*365 / 2
=445.86

* 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 445.86 mean?
Ermes Department Stores (CYS:ERME) has a Days Payable of 445.86 as of Jun. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Ermes Department Stores and its competitors. This is 272% above median its historical median of 119.96. Over the past decade, Ermes Department Stores' Days Payable has ranged from 78.85 to 393.89. According to the industry distribution chart, Ermes Department Stores ranks #81 out of 1095 companies in the Retail - Cyclical industry, placing it in the top 7.4%.
Is Ermes Department Stores' Days Payable too high?
Ermes Department Stores' current Days Payable of 445.86 is 272% above median its 10-year median of 119.96. Over the past 10 years, this metric has ranged from a low of 78.85 to a high of 393.89. The Retail - Cyclical industry median Days Payable is 52.33. Ermes Department Stores' value of 445.86 is 752% above this industry median. Based on the distribution chart, Ermes Department Stores ranks #81 out of 1095 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers.
How does Ermes Department Stores' Days Payable compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Ermes Department Stores ranks #81 out of 1095 companies for Days Payable. This places Ermes Department Stores in the top 7% of its industry — outperforming the majority of peers. The industry median Days Payable is 52.33. Ermes Department Stores' value of 445.86 is 752% above this benchmark. Historically, Ermes Department Stores' own Days Payable has ranged from 78.85 to 393.89 over the past decade. While the company's 10-year median is 119.96 vs. the industry median of 52.33, Ermes Department Stores 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 Retail - Cyclical company?
The median Days Payable among Retail - Cyclical companies is 52.33, based on 1,095 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. Ermes Department Stores's current Days Payable of 445.86 is 752% 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 Ermes Department Stores and its competitors. For the Retail - Cyclical industry, the median Days Payable is 52.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ermes Department Stores's current Days Payable is 445.86, which is 272% above median its own 10-year median of 119.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ermes Department Stores stock overvalued right now?
Based on GuruFocus' analysis, Ermes Department Stores (CYS:ERME) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.01, compared to a current price of €0.01 — trading 45% above its estimated fair value. The current Days Payable is 445.86, which is 272% above median its 10-year median of 119.96 and 752% above the Retail - Cyclical industry median of 52.33. 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 Ermes Department Stores (CYS:ERME), the current Days Payable is 445.86 as of Jun. 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.

Ermes Department Stores Business Description

Address Mansion, Old Nicosia - Limassol Road, Shacolas, Athalassa, Nicosia, CYP, 1584
Ermes Department Stores PLC is engaged in operation of department stores. It sells fashion, cosmetics, toys, home goods and other goods and services for all ages and the family.