Horizon OilFRA:HOJ 44 Days Payable is 33.07 as of Dec. 2025, which is 199% above its 10-year median of 11.06. GuruFocus rates FRA:HOJ with a GF Score™ of 44/100 and a GF Value™ of €0.09 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 854 Oil & Gas companies, Horizon Oil ranks worse than 61.71% on this metric.
The historical rank and industry rank for Horizon Oil's Days Payable or its related term are showing as below:
FRA:HOJ'
s Days Payable Range Over the Past 10 Years
Min: 2.09 Med: 11.06 Max: 42.97
Current: 42.97
During the past 13 years, Horizon Oil's highest Days Payable was 42.97. The lowest was 2.09. And the median was 11.06.
FRA:HOJ's Days Payable is ranked worse than 61.71% of 854
companies
in the Oil & Gas industry
Industry Median: 57.145
vs FRA:HOJ: 42.97
Horizon Oil's Days Payable
increased
from Dec. 2024 (32.33) to Dec. 2025 (33.07).
It may suggest that Horizon Oildelayed paying its suppliers.
Horizon Oil Days Payable Related Terms
Horizon Oil Days Payable Historical Data
* Premium members only.
The historical data trend for Horizon Oil'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:HOJ vs COP, EOG, FANG: Days Payable Comparison
For the Oil & Gas E&P subindustry, Horizon Oil'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.
Horizon Oil Days Payable vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Horizon Oil's Days Payable distribution charts can be found below:
* The bar in red indicates where Horizon Oil'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.
Horizon Oil's Days Payable for the fiscal year that ended in Jun. 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.
Horizon Oil (FRA:HOJ) has a Days Payable of 33.07 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 Horizon Oil and its competitors. This is 199% above median its historical median of 11.06. Over the past decade, Horizon Oil's Days Payable has ranged from 2.09 to 42.97. According to the industry distribution chart, Horizon Oil ranks #527 out of 854 companies in the Oil & Gas industry, placing it in the top 61.7%.
Is Horizon Oil's Days Payable too high?
Horizon Oil's current Days Payable of 33.07 is 199% above median its 10-year median of 11.06. Over the past 10 years, this metric has ranged from a low of 2.09 to a high of 42.97. The Oil & Gas industry median Days Payable is 57.15. Horizon Oil's value of 33.07 is 42.1% below this industry median. Based on the distribution chart, Horizon Oil ranks #527 out of 854 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Horizon Oil has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Horizon Oil's Days Payable compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Horizon Oil ranks #527 out of 854 companies for Days Payable. This places Horizon Oil in the lower half of its industry. The industry median Days Payable is 57.15. Horizon Oil's value of 33.07 is 42.1% below this benchmark. Historically, Horizon Oil's own Days Payable has ranged from 2.09 to 42.97 over the past decade. While the company's 10-year median is 11.06 vs. the industry median of 57.15, Horizon Oil 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 an Oil & Gas company?
The median Days Payable among Oil & Gas companies is 57.15, based on 854 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. Horizon Oil's current Days Payable of 33.07 is 42.1% 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 Horizon Oil and its competitors. For the Oil & Gas industry, the median Days Payable is 57.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horizon Oil's current Days Payable is 33.07, which is 199% above median its own 10-year median of 11.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horizon Oil stock overvalued right now?
Based on GuruFocus' analysis, Horizon Oil (FRA:HOJ) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.09, compared to a current price of €0.12 — trading 34.4% above its estimated fair value. The current Days Payable is 33.07, which is 199% above median its 10-year median of 11.06 and 42.1% below the Oil & Gas industry median of 57.15. Horizon Oil's overall GF Score™ is 44/100 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 Horizon Oil (FRA:HOJ), the current Days Payable is 33.07 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 Horizon Oil (FRA:HOJ) Overvalued in 2026?
Based on GuruFocus' analysis, Horizon Oil stock appears to be overvalued.
The current stock price of €0.12 is trading 34.4% above its estimated GF Value™ of €0.09.
GuruFocus considers Horizon Oil to be Significantly Overvalued.
Key valuation signals for FRA:HOJ:
Days Payable: 33.07 (199% above median its 10-year median of 11.06)
GF Value™: €0.09 vs. price of €0.12 (34.4% above fair value)
Industry Position: 42.1% below the Oil & Gas median (#527 of 854)
No single metric tells the full story. See the FRA:HOJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Horizon Oil Ltd is engaged in petroleum exploration, development, and production. The company operates in three segments: China development, New Zealand development, and Australia development. It generates maximum revenue from the China development segment, which is involved in developing and producing crude oil from the Block 22/12-WZ6-12, WZ12-8W and WZ12-8E oil field developments and in the exploration and evaluation of hydrocarbons within Block 22/12. The New Zealand development segment is currently involved in developing and producing crude oil from the Maari/Manaia oil field development, and the Australia development segment is engaged in developing and producing oil and gas from the Mereenie OL4 and OL5 oil and gas fields.
44GF Score
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