AdcoreFRA:ADQ -6.81%46 Days Payable is 109.73 as of Mar. 2026, which is 11% above its 10-year median of 98.43. GuruFocus rates FRA:ADQ with a GF Score™ of 46/100 and a GF Value™ of €0.14. The stock has 4 warning signs investors should review. Among 2,601 Software companies, Adcore ranks better than 67.47% on this metric.
Adcore's average Accounts Payable for the
three
months ended in Mar. 2026 was €4.10 Mil. Adcore's Cost of Goods Sold for the
three
months ended in Mar. 2026 was €3.41 Mil.
Hence, Adcore's Days Payable for the
three
months ended in Mar. 2026 was 109.73.
The historical rank and industry rank for Adcore's Days Payable or its related term are showing as below:
FRA:ADQ'
s Days Payable Range Over the Past 10 Years
Min: 49.17 Med: 98.43 Max: 150.39
Current: 95.53
During the past 9 years, Adcore's highest Days Payable was 150.39. The lowest was 49.17. And the median was 98.43.
FRA:ADQ's Days Payable is ranked better than 67.47% of 2601
companies
in the Software industry
Industry Median: 54.01
vs FRA:ADQ: 95.53
Adcore's Days Payable
declined
from Mar. 2025 (163.78) to Mar. 2026 (109.73).
It may suggest that Adcoreaccelerated paying its suppliers.
Adcore Days Payable Related Terms
Adcore Days Payable Historical Data
* Premium members only.
The historical data trend for Adcore'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.
FRA:ADQ vs UBER, SHOP, CRM: Days Payable Comparison
For the Software - Application subindustry, Adcore'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.
Adcore Days Payable vs Software Industry
For the Software industry and Technology sector, Adcore's Days Payable distribution charts can be found below:
* The bar in red indicates where Adcore'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.
Adcore's Days Payable for the fiscal year that ended in Dec. 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.
Adcore (FRA:ADQ) has a Days Payable of 109.73 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 Adcore and its competitors. This is 11% above median its historical median of 98.43. Over the past decade, Adcore's Days Payable has ranged from 49.17 to 150.39. According to the industry distribution chart, Adcore ranks #846 out of 2601 companies in the Software industry, placing it in the top 32.5%.
Is Adcore's Days Payable too high?
Adcore's current Days Payable of 109.73 is 11% above median its 10-year median of 98.43. Over the past 10 years, this metric has ranged from a low of 49.17 to a high of 150.39. The Software industry median Days Payable is 54.01. Adcore's value of 109.73 is 103.2% above this industry median. Based on the distribution chart, Adcore ranks #846 out of 2601 companies in the Software industry, which is above the industry midpoint. Overall, Adcore has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does Adcore's Days Payable compare to UBER and SHOP?
According to the Software industry distribution chart, Adcore ranks #846 out of 2601 companies for Days Payable. This puts Adcore in the upper half of its industry. The industry median Days Payable is 54.01. Adcore's value of 109.73 is 103.2% above this benchmark. Historically, Adcore's own Days Payable has ranged from 49.17 to 150.39 over the past decade. While the company's 10-year median is 98.43 vs. the industry median of 54.01, Adcore 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 Software company?
The median Days Payable among Software companies is 54.01, based on 2,601 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. Adcore's current Days Payable of 109.73 is 103.2% 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 Adcore and its competitors. For the Software industry, the median Days Payable is 54.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adcore's current Days Payable is 109.73, which is 11% above median its own 10-year median of 98.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adcore stock overvalued right now?
Adcore (FRA:ADQ) has a current Days Payable of 109.73. The stock's GF Value™ is €0.14, compared to a current price of €0.09 — trading 36.4% below its estimated fair value. The current Days Payable is 109.73, which is 11% above median its 10-year median of 98.43 and 103.2% above the Software industry median of 54.01. Adcore's overall GF Score™ is 46/100 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 Adcore (FRA:ADQ), the current Days Payable is 109.73 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 Adcore (FRA:ADQ) Overvalued in 2026?
Based on GuruFocus' analysis, Adcore stock appears to be undervalued.
The current stock price of €0.09 is trading 36.4% below its estimated GF Value™ of €0.14.
Key valuation signals for FRA:ADQ:
Days Payable: 109.73 (11% above median its 10-year median of 98.43)
GF Value™: €0.14 vs. price of €0.09 (36.4% below fair value)
Industry Position: 103.2% above the Software median (#846 of 2601)
No single metric tells the full story. See the FRA:ADQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adcore Inc is a provider of machine-learning-powered advertising technologies used by digital advertisers to enhance and maximize their Search Engine Marketing (SEM). It offers various products and services such as SEMDoc, Feeditor, and ADCORE Views. The company serves retail; travel; financial; food; education and other industries. It provides a solution to small and large agencies and direct advertisers. The Company and its subsidiaries are engaged in the following segments: AdTech which is an e-commerce advertising management and automation platform. EdTech is a marketplace for live classes, connecting and enriching humanity through knowledge.
46GF Score
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