Mercer International (FRA:AEZ) Days Payable: 13.31 (As of Mar. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:AEZ Mercer International Inc FRA:AEZ
38 GF Score
Price €0.58
GF Value €5.39
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Mercer International Days Payable?

Mercer International FRA:AEZ -3.17% 38 Days Payable is 13.31 as of Mar. 2026, which is 3% above its 10-year median of 12.94. GuruFocus rates FRA:AEZ with a GF Score™ of 38/100 and a GF Value™ of €5.39 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 275 Forest Products companies, Mercer International ranks worse than 94.55% on this metric.

Mercer International's average Accounts Payable for the three months ended in Mar. 2026 was €62 Mil. Mercer International's Cost of Goods Sold for the three months ended in Mar. 2026 was €427 Mil. Hence, Mercer International's Days Payable for the three months ended in Mar. 2026 was 13.31.

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

FRA:AEZ' s Days Payable Range Over the Past 10 Years
Min: 11.29   Med: 12.94   Max: 16.44
Current: 13.3

During the past 13 years, Mercer International's highest Days Payable was 16.44. The lowest was 11.29. And the median was 12.94.

FRA:AEZ's Days Payable is ranked worse than
94.55% of 275 companies
in the Forest Products industry
Industry Median: 56.46 vs FRA:AEZ: 13.30

Mercer International's Days Payable increased from Mar. 2025 (12.21) to Mar. 2026 (13.31). It may suggest that Mercer International delayed paying its suppliers.


Mercer International Days Payable Historical Data

* Premium members only.

The historical data trend for Mercer International'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.

Mercer International Days Payable Chart

Mercer International 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 13.00 15.11 14.12 11.05 12.44

Mercer International 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 12.21 14.59 13.13 12.62 13.31

FRA:AEZ vs ITP, SLVM: Days Payable Comparison

For the Paper & Paper Products subindustry, Mercer International'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.


Mercer International Days Payable vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Mercer International's Days Payable distribution charts can be found below:

* The bar in red indicates where Mercer International's Days Payable falls into.


FRA:AEZ
38GF Score
Mercer International Inc FRA:AEZ
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mercer International 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.

Mercer International'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
=( (51.198 + 61.527) / 2 ) / 1653.086*365
=56.3625 / 1653.086*365
=12.44

Mercer International'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
=( (61.527 + 62.997) / 2 ) / 427.008*365 / 4
=62.262 / 427.008*365 / 4
=13.31

* 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 13.31 mean?
Mercer International (FRA:AEZ) has a Days Payable of 13.31 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 Mercer International and its competitors. This is near median its historical median of 12.94. Over the past decade, Mercer International's Days Payable has ranged from 11.29 to 16.44. According to the industry distribution chart, Mercer International ranks #260 out of 275 companies in the Forest Products industry, placing it in the top 94.5%.
Is Mercer International's Days Payable too high?
Mercer International's current Days Payable of 13.31 is near median its 10-year median of 12.94. Over the past 10 years, this metric has ranged from a low of 11.29 to a high of 16.44. The Forest Products industry median Days Payable is 56.46. Mercer International's value of 13.31 is 76.4% below this industry median. Based on the distribution chart, Mercer International ranks #260 out of 275 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, Mercer International has a GF Score™ of 38/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mercer International's Days Payable compare to ITP and SLVM?
According to the Forest Products industry distribution chart, Mercer International ranks #260 out of 275 companies for Days Payable. This places Mercer International in the lower half of its industry. The industry median Days Payable is 56.46. Mercer International's value of 13.31 is 76.4% below this benchmark. Historically, Mercer International's own Days Payable has ranged from 11.29 to 16.44 over the past decade. While the company's 10-year median is 12.94 vs. the industry median of 56.46, Mercer International 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 Forest Products company?
The median Days Payable among Forest Products companies is 56.46, based on 275 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. Mercer International's current Days Payable of 13.31 is 76.4% 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 Mercer International and its competitors. For the Forest Products industry, the median Days Payable is 56.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercer International's current Days Payable is 13.31, which is near median its own 10-year median of 12.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercer International stock overvalued right now?
Based on GuruFocus' analysis, Mercer International (FRA:AEZ) is currently considered Possible Value Trap. The stock's GF Value™ is €5.39, compared to a current price of €0.58 — trading 89.2% below its estimated fair value. The current Days Payable is 13.31, which is near median its 10-year median of 12.94 and 76.4% below the Forest Products industry median of 56.46. Mercer International's overall GF Score™ is 38/100 with 6 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 Mercer International (FRA:AEZ), the current Days Payable is 13.31 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 Mercer International (FRA:AEZ) Overvalued in 2026?

Based on GuruFocus' analysis, Mercer International stock appears to be undervalued. The current stock price of €0.58 is trading 89.2% below its estimated GF Value™ of €5.39. GuruFocus considers Mercer International to be Possible Value Trap.

Key valuation signals for FRA:AEZ:

  • Days Payable: 13.31 (near median its 10-year median of 12.94)
  • GF Value™: €5.39 vs. price of €0.58 (89.2% below fair value)
  • GF Score™: 38/100 with 6 warning signs
  • Industry Position: 76.4% below the Forest Products median (#260 of 275)

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


Mercer International Business Description

Other Exchanges MERC:USAAEZ:Germany
Address 700 West Pender Street, Suite 1120, Vancouver, BC, CAN, V6C 1G8
Mercer International Inc is a forest products company with two reportable operating segments in pulp and solid wood. The pulp segment consists of the manufacture, sale, and distribution of pulp, electricity, and chemicals. The company has a geographical presence in the USA, Germany, China, and Other countries, where the maximum of revenue is generated from the China. The majority of the revenue is generated from the Pulp segment.
38GF Score

Get the complete analysis for FRA:AEZ

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

€0.58
Price
€5.39
GF Value