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MERFFRA:9KG +3.29%54 Days Payable is 11.03 as of Feb. 2026, which is 20% above its 10-year median of 9.18. GuruFocus rates FRA:9KG with a GF Score™ of 54/100 and a GF Value™ of €3.05. The stock has 4 warning signs investors should review. Among 1,066 Metals & Mining companies, MERF ranks worse than 96.62% on this metric.
MERF's average Accounts Payable for the
three
months ended in Feb. 2026 was €14.5 Mil. MERF's Cost of Goods Sold for the
three
months ended in Feb. 2026 was €120.1 Mil.
Hence, MERF's Days Payable for the
three
months ended in Feb. 2026 was 11.03.
The historical rank and industry rank for MERF's Days Payable or its related term are showing as below:
FRA:9KG'
s Days Payable Range Over the Past 10 Years
Min: 4.04 Med: 9.18 Max: 12.12
Current: 11.05
During the past 13 years, MERF's highest Days Payable was 12.12. The lowest was 4.04. And the median was 9.18.
FRA:9KG's Days Payable is ranked worse than 96.62% of 1066
companies
in the Metals & Mining industry
Industry Median: 124.925
vs FRA:9KG: 11.05
MERF's Days Payable
increased
from Feb. 2025 (0.00) to Feb. 2026 (11.03).
It may suggest that MERFdelayed paying its suppliers.
The historical data trend for MERF'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.
For the Other Industrial Metals & Mining subindustry, MERF'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.
MERF Days Payable vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, MERF's Days Payable distribution charts can be found below:
* The bar in red indicates where MERF'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.
MERF's Days Payable for the fiscal year that ended in Aug. 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.
MERF (FRA:9KG) has a Days Payable of 11.03 as of Feb. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on MERF and its competitors. This is 20% above median its historical median of 9.18. Over the past decade, MERF's Days Payable has ranged from 4.04 to 12.12. According to the industry distribution chart, MERF ranks #1030 out of 1066 companies in the Metals & Mining industry, placing it in the top 96.6%.
Is MERF's Days Payable too high?
MERF's current Days Payable of 11.03 is 20% above median its 10-year median of 9.18. Over the past 10 years, this metric has ranged from a low of 4.04 to a high of 12.12. The Metals & Mining industry median Days Payable is 124.93. MERF's value of 11.03 is 91.2% below this industry median. Based on the distribution chart, MERF ranks #1030 out of 1066 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, MERF has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does MERF's Days Payable compare to ?
According to the Metals & Mining industry distribution chart, MERF ranks #1030 out of 1066 companies for Days Payable. This places MERF in the lower half of its industry. The industry median Days Payable is 124.93. MERF's value of 11.03 is 91.2% below this benchmark. Historically, MERF's own Days Payable has ranged from 4.04 to 12.12 over the past decade. While the company's 10-year median is 9.18 vs. the industry median of 124.93, MERF 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 Metals & Mining company?
The median Days Payable among Metals & Mining companies is 124.93, based on 1,066 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. MERF's current Days Payable of 11.03 is 91.2% 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 MERF and its competitors. For the Metals & Mining industry, the median Days Payable is 124.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MERF's current Days Payable is 11.03, which is 20% above median its own 10-year median of 9.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MERF stock overvalued right now?
MERF (FRA:9KG) has a current Days Payable of 11.03. The stock's GF Value™ is €3.05, compared to a current price of €7.86 — trading 157.7% above its estimated fair value. The current Days Payable is 11.03, which is 20% above median its 10-year median of 9.18 and 91.2% below the Metals & Mining industry median of 124.93. MERF's overall GF Score™ is 54/100 with 4 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 MERF (FRA:9KG), the current Days Payable is 11.03 as of Feb. 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 MERF (FRA:9KG) Overvalued in 2026?
Based on GuruFocus' analysis, MERF stock appears to be overvalued.
The current stock price of €7.86 is trading 157.7% above its estimated GF Value™ of €3.05.
Key valuation signals for FRA:9KG:
Days Payable: 11.03 (20% above median its 10-year median of 9.18)
GF Value™: €3.05 vs. price of €7.86 (157.7% above fair value)
Industry Position: 91.2% below the Metals & Mining median (#1030 of 1066)
No single metric tells the full story. See the FRA:9KG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MERF Inc is engaged in recycling non-ferrous metals, focusing on copper and copper alloys. Its business activities are divided into two main segments: the Ingot Business, which involves the manufacturing of copper alloy ingots, and the Metal Recycling Raw Materials Business, which is engaged in metal recycling. It is also involved in the manufacturing and selling of art and craft products segment.
54GF Score
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