Motor Oil (Hellas) Corinth Refineries (FRA:MHZ) Days Payable: 45.95 (As of Mar. 2026) — 48% Above Median


FRA:MHZ Motor Oil (Hellas) Corinth Refineries SA FRA:MHZ
64 GF Score
Price €37.80
GF Value €22.06
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Motor Oil (Hellas) Corinth Refineries Days Payable?

Motor Oil (Hellas) Corinth Refineries FRA:MHZ -2.58% 64 Days Payable is 45.95 as of Mar. 2026, which is 48% above its 10-year median of 31.11. GuruFocus rates FRA:MHZ with a GF Score™ of 64/100 and a GF Value™ of €22.06 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 852 Oil & Gas companies, Motor Oil (Hellas) Corinth Refineries ranks worse than 64.2% on this metric.

Motor Oil (Hellas) Corinth Refineries's average Accounts Payable for the three months ended in Mar. 2026 was €1,384 Mil. Motor Oil (Hellas) Corinth Refineries's Cost of Goods Sold for the three months ended in Mar. 2026 was €2,749 Mil. Hence, Motor Oil (Hellas) Corinth Refineries's Days Payable for the three months ended in Mar. 2026 was 45.95.

The historical rank and industry rank for Motor Oil (Hellas) Corinth Refineries's Days Payable or its related term are showing as below:

FRA:MHZ' s Days Payable Range Over the Past 10 Years
Min: 23.19   Med: 31.11   Max: 46.77
Current: 40.13

During the past 13 years, Motor Oil (Hellas) Corinth Refineries's highest Days Payable was 46.77. The lowest was 23.19. And the median was 31.11.

FRA:MHZ's Days Payable is ranked worse than
64.2% of 852 companies
in the Oil & Gas industry
Industry Median: 57.84 vs FRA:MHZ: 40.13

Motor Oil (Hellas) Corinth Refineries's Days Payable increased from Mar. 2025 (30.21) to Mar. 2026 (45.95). It may suggest that Motor Oil (Hellas) Corinth Refineries delayed paying its suppliers.


Motor Oil (Hellas) Corinth Refineries Days Payable Related Terms


Motor Oil (Hellas) Corinth Refineries Days Payable Historical Data

* Premium members only.

The historical data trend for Motor Oil (Hellas) Corinth Refineries'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.

Motor Oil (Hellas) Corinth Refineries Days Payable Chart

Motor Oil (Hellas) Corinth Refineries 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 29.77 23.19 31.54 32.08 32.57

Motor Oil (Hellas) Corinth Refineries 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 30.21 35.51 37.19 37.98 45.95

FRA:MHZ vs VLO, MPC, PSX: Days Payable Comparison

For the Oil & Gas Refining & Marketing subindustry, Motor Oil (Hellas) Corinth Refineries'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.


Motor Oil (Hellas) Corinth Refineries Days Payable vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Motor Oil (Hellas) Corinth Refineries's Days Payable distribution charts can be found below:

* The bar in red indicates where Motor Oil (Hellas) Corinth Refineries's Days Payable falls into.


FRA:MHZ
64GF Score
Motor Oil (Hellas) Corinth Refineries SA FRA:MHZ
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Motor Oil (Hellas) Corinth Refineries 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.

Motor Oil (Hellas) Corinth Refineries'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
=( (854.935 + 1007.35) / 2 ) / 10435.795*365
=931.1425 / 10435.795*365
=32.57

Motor Oil (Hellas) Corinth Refineries'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
=( (1007.35 + 1761.152) / 2 ) / 2748.724*365 / 4
=1384.251 / 2748.724*365 / 4
=45.95

* 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 45.95 mean?
Motor Oil (Hellas) Corinth Refineries (FRA:MHZ) has a Days Payable of 45.95 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 Motor Oil (Hellas) Corinth Refineries and its competitors. This is 48% above median its historical median of 31.11. Over the past decade, Motor Oil (Hellas) Corinth Refineries' Days Payable has ranged from 23.19 to 46.77. According to the industry distribution chart, Motor Oil (Hellas) Corinth Refineries ranks #547 out of 852 companies in the Oil & Gas industry, placing it in the top 64.2%.
Is Motor Oil (Hellas) Corinth Refineries' Days Payable too high?
Motor Oil (Hellas) Corinth Refineries' current Days Payable of 45.95 is 48% above median its 10-year median of 31.11. Over the past 10 years, this metric has ranged from a low of 23.19 to a high of 46.77. The Oil & Gas industry median Days Payable is 57.84. Motor Oil (Hellas) Corinth Refineries' value of 45.95 is 20.6% below this industry median. Based on the distribution chart, Motor Oil (Hellas) Corinth Refineries ranks #547 out of 852 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Motor Oil (Hellas) Corinth Refineries has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Motor Oil (Hellas) Corinth Refineries' Days Payable compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Motor Oil (Hellas) Corinth Refineries ranks #547 out of 852 companies for Days Payable. This places Motor Oil (Hellas) Corinth Refineries in the lower half of its industry. The industry median Days Payable is 57.84. Motor Oil (Hellas) Corinth Refineries' value of 45.95 is 20.6% below this benchmark. Historically, Motor Oil (Hellas) Corinth Refineries' own Days Payable has ranged from 23.19 to 46.77 over the past decade. While the company's 10-year median is 31.11 vs. the industry median of 57.84, Motor Oil (Hellas) Corinth Refineries 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 57.84, based on 852 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. Motor Oil (Hellas) Corinth Refineries's current Days Payable of 45.95 is 20.6% 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 Motor Oil (Hellas) Corinth Refineries and its competitors. For the Oil & Gas industry, the median Days Payable is 57.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Motor Oil (Hellas) Corinth Refineries's current Days Payable is 45.95, which is 48% above median its own 10-year median of 31.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Motor Oil (Hellas) Corinth Refineries stock overvalued right now?
Based on GuruFocus' analysis, Motor Oil (Hellas) Corinth Refineries (FRA:MHZ) is currently considered Significantly Overvalued. The stock's GF Value™ is €22.06, compared to a current price of €37.80 — trading 71.4% above its estimated fair value. The current Days Payable is 45.95, which is 48% above median its 10-year median of 31.11 and 20.6% below the Oil & Gas industry median of 57.84. Motor Oil (Hellas) Corinth Refineries' overall GF Score™ is 64/100 with 5 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 Motor Oil (Hellas) Corinth Refineries (FRA:MHZ), the current Days Payable is 45.95 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 Motor Oil (Hellas) Corinth Refineries (FRA:MHZ) Overvalued in 2026?

Based on GuruFocus' analysis, Motor Oil (Hellas) Corinth Refineries stock appears to be overvalued. The current stock price of €37.80 is trading 71.4% above its estimated GF Value™ of €22.06. GuruFocus considers Motor Oil (Hellas) Corinth Refineries to be Significantly Overvalued.

Key valuation signals for FRA:MHZ:

  • Days Payable: 45.95 (48% above median its 10-year median of 31.11)
  • GF Value™: €22.06 vs. price of €37.80 (71.4% above fair value)
  • GF Score™: 64/100 with 5 warning signs
  • Industry Position: 20.6% below the Oil & Gas median (#547 of 852)

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


Motor Oil (Hellas) Corinth Refineries Business Description

Industry EnergyOil & Gas
Other Exchanges MOHCY:USAMOH:Greece0MQT:UK
Address 12A, Irodou Attikou Street, Maroussi, GRC, 151 24
Motor Oil (Hellas) Corinth Refineries SA plays a role in the sectors of crude oil refining and marketing of petroleum products in Greece as well as the eastern Mediterranean region, supplying its customers with a wide range of quality products. The refinery, with its ancillary plants and fuel distribution facilities, forms the privately owned industrial complex in Greece. It serves petroleum marketing companies in Greece and internationally. The Group is active in four main operating business segments: Refining Activity, Fuels Marketing Activity, Power and Gas, and Other. It derives maximum revenue from Refining Activity. The firm derives the majority of its revenue from Foreign Sales.
64GF Score

Get the complete analysis for FRA:MHZ

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

€37.80
Price
€22.06
GF Value