Bulgarian Stock Exchange AD (FRA:0KP) Days Payable: 2,257.93 (As of Mar. 2026) — 26% Below Median

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FRA:0KP Bulgarian Stock Exchange AD FRA:0KP
59 GF Score
Price €7.00
GF Value €9.93
Valuation Possible Value Trap
! 7 Warning Signs
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What is Bulgarian Stock Exchange AD Days Payable?

Bulgarian Stock Exchange AD FRA:0KP 59 Days Payable is 2,257.93 as of Mar. 2026, which is 26% below its 10-year median of 3,070.36. GuruFocus rates FRA:0KP with a GF Score™ of 59/100 and a GF Value™ of €9.93 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 541 Capital Markets companies, Bulgarian Stock Exchange AD ranks better than 87.62% on this metric.

Bulgarian Stock Exchange AD's average Accounts Payable for the three months ended in Mar. 2026 was €31.03 Mil. Bulgarian Stock Exchange AD's Cost of Goods Sold for the three months ended in Mar. 2026 was €1.25 Mil. Hence, Bulgarian Stock Exchange AD's Days Payable for the three months ended in Mar. 2026 was 2,257.93.

The historical rank and industry rank for Bulgarian Stock Exchange AD's Days Payable or its related term are showing as below:

FRA:0KP' s Days Payable Range Over the Past 10 Years
Min: 62.82   Med: 3070.36   Max: 15129.38
Current: 2136.35

During the past 13 years, Bulgarian Stock Exchange AD's highest Days Payable was 15129.38. The lowest was 62.82. And the median was 3070.36.

FRA:0KP's Days Payable is ranked better than
87.62% of 541 companies
in the Capital Markets industry
Industry Median: 91.67 vs FRA:0KP: 2136.35

Bulgarian Stock Exchange AD's Days Payable declined from Mar. 2025 (2,347.29) to Mar. 2026 (2,257.93). It may suggest that Bulgarian Stock Exchange AD accelerated paying its suppliers.


Bulgarian Stock Exchange AD Days Payable Historical Data

* Premium members only.

The historical data trend for Bulgarian Stock Exchange AD'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.

Bulgarian Stock Exchange AD Days Payable Chart

Bulgarian Stock Exchange AD 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 15,129.38 8,984.39 3,911.35 2,985.75 2,907.32

Bulgarian Stock Exchange AD Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2,347.29 1,829.16 2,500.40 2,252.04 2,257.93

FRA:0KP vs SPGI, CME, ICE: Days Payable Comparison

For the Financial Data & Stock Exchanges subindustry, Bulgarian Stock Exchange AD'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.


Bulgarian Stock Exchange AD Days Payable vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bulgarian Stock Exchange AD's Days Payable distribution charts can be found below:

* The bar in red indicates where Bulgarian Stock Exchange AD's Days Payable falls into.


FRA:0KP
59GF Score
Bulgarian Stock Exchange AD FRA:0KP
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bulgarian Stock Exchange AD 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.

Bulgarian Stock Exchange AD'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
=( (43.612 + 27.9) / 2 ) / 4.489*365
=35.756 / 4.489*365
=2,907.32

Bulgarian Stock Exchange AD's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (27.9 + 34.159) / 2 ) / 1.254*365 / 4
=31.0295 / 1.254*365 / 4
=2,257.93

* 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 2,257.93 mean?
Bulgarian Stock Exchange AD (FRA:0KP) has a Days Payable of 2,257.93 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 Bulgarian Stock Exchange AD and its competitors. This is 26% below median its historical median of 3,070.36. Over the past decade, Bulgarian Stock Exchange AD's Days Payable has ranged from 62.82 to 15,129.38. According to the industry distribution chart, Bulgarian Stock Exchange AD ranks #67 out of 541 companies in the Capital Markets industry, placing it in the top 12.4%.
Is Bulgarian Stock Exchange AD's Days Payable too high?
Bulgarian Stock Exchange AD's current Days Payable of 2,257.93 is 26% below median its 10-year median of 3,070.36. Over the past 10 years, this metric has ranged from a low of 62.82 to a high of 15,129.38. The Capital Markets industry median Days Payable is 91.67. Bulgarian Stock Exchange AD's value of 2,257.93 is 2363.1% above this industry median. Based on the distribution chart, Bulgarian Stock Exchange AD ranks #67 out of 541 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Bulgarian Stock Exchange AD has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bulgarian Stock Exchange AD's Days Payable compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Bulgarian Stock Exchange AD ranks #67 out of 541 companies for Days Payable. This places Bulgarian Stock Exchange AD in the top 12% of its industry — outperforming the majority of peers. The industry median Days Payable is 91.67. Bulgarian Stock Exchange AD's value of 2,257.93 is 2363.1% above this benchmark. Historically, Bulgarian Stock Exchange AD's own Days Payable has ranged from 62.82 to 15,129.38 over the past decade. While the company's 10-year median is 3,070.36 vs. the industry median of 91.67, Bulgarian Stock Exchange AD 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 Capital Markets company?
The median Days Payable among Capital Markets companies is 91.67, based on 541 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. Bulgarian Stock Exchange AD's current Days Payable of 2,257.93 is 2363.1% 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 Bulgarian Stock Exchange AD and its competitors. For the Capital Markets industry, the median Days Payable is 91.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bulgarian Stock Exchange AD's current Days Payable is 2,257.93, which is 26% below median its own 10-year median of 3,070.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bulgarian Stock Exchange AD stock overvalued right now?
Based on GuruFocus' analysis, Bulgarian Stock Exchange AD (FRA:0KP) is currently considered Possible Value Trap. The stock's GF Value™ is €9.93, compared to a current price of €7.00 — trading 29.5% below its estimated fair value. The current Days Payable is 2,257.93, which is 26% below median its 10-year median of 3,070.36 and 2363.1% above the Capital Markets industry median of 91.67. Bulgarian Stock Exchange AD's overall GF Score™ is 59/100 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 Bulgarian Stock Exchange AD (FRA:0KP), the current Days Payable is 2,257.93 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 Bulgarian Stock Exchange AD (FRA:0KP) Overvalued in 2026?

Based on GuruFocus' analysis, Bulgarian Stock Exchange AD stock appears to be undervalued. The current stock price of €7.00 is trading 29.5% below its estimated GF Value™ of €9.93. GuruFocus considers Bulgarian Stock Exchange AD to be Possible Value Trap.

Key valuation signals for FRA:0KP:

  • Days Payable: 2,257.93 (26% below median its 10-year median of 3,070.36)
  • GF Value™: €9.93 vs. price of €7.00 (29.5% below fair value)
  • GF Score™: 59/100 with 7 warning signs
  • Industry Position: 2363.1% above the Capital Markets median (#67 of 541)

No single metric tells the full story. See the FRA:0KP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bulgarian Stock Exchange AD Business Description

Other Exchanges BSE:Bulgaria
Address 6 Tri ushi Street, Sofia, BGR, 1301
Bulgarian Stock Exchange AD is functioning stock exchange in Bulgaria. The principal activity of the group is to organize trade in securities and other financial instruments; organize and maintain an information system for security deals; and establish and maintain a clearing system. It has aggregated its operations into three reportable segments - Trading in Financial Instruments, Information Services, and Registration of Issues for Trading. It offers a wide range of RSS information services to serve the corporate clients, such as data-vendors, investment intermediaries, and issuers. The group performs their activities in Bulgaria only.
59GF Score

Get the complete analysis for FRA:0KP

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

€7.00
Price
€9.93
GF Value