Thungela Resources (FRA:6UP) Days Payable: 173.32 (As of Dec. 2025) — 65% Above Median


FRA:6UP Thungela Resources Ltd FRA:6UP
64 GF Score
Price €4.74
GF Value €6.00
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Thungela Resources Days Payable?

Thungela Resources FRA:6UP -2.47% 64 Days Payable is 173.32 as of Dec. 2025, which is 65% above its 10-year median of 105.23. GuruFocus rates FRA:6UP with a GF Score™ of 64/100 and a GF Value™ of €6.00 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 128 Other Energy Sources companies, Thungela Resources ranks better than 77.34% on this metric.

Thungela Resources's average Accounts Payable for the six months ended in Dec. 2025 was €309 Mil. Thungela Resources's Cost of Goods Sold for the six months ended in Dec. 2025 was €326 Mil. Hence, Thungela Resources's Days Payable for the six months ended in Dec. 2025 was 173.32.

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

FRA:6UP' s Days Payable Range Over the Past 10 Years
Min: 52.5   Med: 105.23   Max: 867.69
Current: 177.34

During the past 8 years, Thungela Resources's highest Days Payable was 867.69. The lowest was 52.50. And the median was 105.23.

FRA:6UP's Days Payable is ranked better than
77.34% of 128 companies
in the Other Energy Sources industry
Industry Median: 67.17 vs FRA:6UP: 177.34

Thungela Resources's Days Payable increased from Dec. 2024 (106.02) to Dec. 2025 (173.32). It may suggest that Thungela Resources delayed paying its suppliers.


Thungela Resources Days Payable Historical Data

* Premium members only.

The historical data trend for Thungela Resources'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.

Thungela Resources Days Payable Chart

Thungela Resources Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial 123.23 65.94 102.57 109.67 182.39

Thungela Resources Semi-Annual Data
Dec18 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 82.13 76.36 106.02 182.52 173.32

FRA:6UP vs CNR: Days Payable Comparison

For the Thermal Coal subindustry, Thungela Resources'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.


Thungela Resources Days Payable vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Thungela Resources's Days Payable distribution charts can be found below:

* The bar in red indicates where Thungela Resources's Days Payable falls into.


FRA:6UP
64GF Score
Thungela Resources Ltd FRA:6UP
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Thungela Resources 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.

Thungela Resources'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
=( (319.396 + 325.412) / 2 ) / 645.192*365
=322.404 / 645.192*365
=182.39

Thungela Resources'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
=( (293.333 + 325.412) / 2 ) / 325.767*365 / 2
=309.3725 / 325.767*365 / 2
=173.32

* 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 173.32 mean?
Thungela Resources (FRA:6UP) has a Days Payable of 173.32 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 Thungela Resources and its competitors. This is 65% above median its historical median of 105.23. Over the past decade, Thungela Resources' Days Payable has ranged from 52.50 to 867.69. According to the industry distribution chart, Thungela Resources ranks #29 out of 128 companies in the Other Energy Sources industry, placing it in the top 22.7%.
Is Thungela Resources' Days Payable too high?
Thungela Resources' current Days Payable of 173.32 is 65% above median its 10-year median of 105.23. Over the past 10 years, this metric has ranged from a low of 52.50 to a high of 867.69. The Other Energy Sources industry median Days Payable is 67.17. Thungela Resources' value of 173.32 is 158% above this industry median. Based on the distribution chart, Thungela Resources ranks #29 out of 128 companies in the Other Energy Sources industry, which is in the top quartile — a strong position relative to peers. Overall, Thungela Resources has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thungela Resources' Days Payable compare to CNR?
According to the Other Energy Sources industry distribution chart, Thungela Resources ranks #29 out of 128 companies for Days Payable. This places Thungela Resources in the top 23% of its industry — outperforming the majority of peers. The industry median Days Payable is 67.17. Thungela Resources' value of 173.32 is 158% above this benchmark. Historically, Thungela Resources' own Days Payable has ranged from 52.50 to 867.69 over the past decade. While the company's 10-year median is 105.23 vs. the industry median of 67.17, Thungela Resources 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 an Other Energy Sources company?
The median Days Payable among Other Energy Sources companies is 67.17, based on 128 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. Thungela Resources's current Days Payable of 173.32 is 158% 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 Thungela Resources and its competitors. For the Other Energy Sources industry, the median Days Payable is 67.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thungela Resources's current Days Payable is 173.32, which is 65% above median its own 10-year median of 105.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thungela Resources stock overvalued right now?
Based on GuruFocus' analysis, Thungela Resources (FRA:6UP) is currently considered Modestly Undervalued. The stock's GF Value™ is €6.00, compared to a current price of €4.74 — trading 21% below its estimated fair value. The current Days Payable is 173.32, which is 65% above median its 10-year median of 105.23 and 158% above the Other Energy Sources industry median of 67.17. Thungela Resources' overall GF Score™ is 64/100 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 Thungela Resources (FRA:6UP), the current Days Payable is 173.32 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 Thungela Resources (FRA:6UP) Overvalued in 2026?

Based on GuruFocus' analysis, Thungela Resources stock appears to be undervalued. The current stock price of €4.74 is trading 21% below its estimated GF Value™ of €6.00. GuruFocus considers Thungela Resources to be Modestly Undervalued.

Key valuation signals for FRA:6UP:

  • Days Payable: 173.32 (65% above median its 10-year median of 105.23)
  • GF Value™: €6.00 vs. price of €4.74 (21% below fair value)
  • GF Score™: 64/100 with 7 warning signs
  • Industry Position: 158% above the Other Energy Sources median (#29 of 128)

No single metric tells the full story. See the FRA:6UP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thungela Resources Business Description

Address 25 Bath Avenue, Rosebank, Johannesburg, GT, ZAF, 2196
Thungela Resources Ltd is a pure-play producer and exporter of thermal coal with operations in South Africa and Australia. The group focuses on high-quality coal reserves and marketable production, positioning as a key player in the energy market by delivering coal through world-class ports, and powering nations. It owns interests in various mining operations, namely Goedehoop, Greenside, Isibonelo, Khwezela, AAIC, Mafube Coal Mining, and Butsanani Energy which consist of both underground and open cast mines located in the Mpumalanga province of South Africa. Its operational segments are Opencast, Underground, and Services.
64GF Score

Get the complete analysis for FRA:6UP

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

€4.74
Price
€6.00
GF Value