MINISO Group Holding (FRA:MIF0) Days Payable: 149.33 (As of Mar. 2026) — 327% Above Median


FRA:MIF0 MINISO Group Holding Ltd FRA:MIF0
74 GF Score
Price €2.56
GF Value €6.58
Valuation Significantly Undervalued
! 3 Warning Signs
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What is MINISO Group Holding Days Payable?

MINISO Group Holding FRA:MIF0 +2.16% 74 Days Payable is 149.33 as of Mar. 2026, which is 327% above its 10-year median of 35.00. GuruFocus rates FRA:MIF0 with a GF Score™ of 74/100 and a GF Value™ of €6.58 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,098 Retail - Cyclical companies, MINISO Group Holding ranks better than 70.86% on this metric.

MINISO Group Holding's average Accounts Payable for the three months ended in Mar. 2026 was €662 Mil. MINISO Group Holding's Cost of Goods Sold for the three months ended in Mar. 2026 was €405 Mil. Hence, MINISO Group Holding's Days Payable for the three months ended in Mar. 2026 was 149.33.

The historical rank and industry rank for MINISO Group Holding's Days Payable or its related term are showing as below:

FRA:MIF0' s Days Payable Range Over the Past 10 Years
Min: 29.22   Med: 35   Max: 83.81
Current: 83.81

During the past 8 years, MINISO Group Holding's highest Days Payable was 83.81. The lowest was 29.22. And the median was 35.00.

FRA:MIF0's Days Payable is ranked better than
70.86% of 1098 companies
in the Retail - Cyclical industry
Industry Median: 51.625 vs FRA:MIF0: 83.81

MINISO Group Holding's Days Payable increased from Mar. 2025 (91.41) to Mar. 2026 (149.33). It may suggest that MINISO Group Holding delayed paying its suppliers.


MINISO Group Holding Days Payable Historical Data

* Premium members only.

The historical data trend for MINISO Group Holding'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.

MINISO Group Holding Days Payable Chart

MINISO Group Holding Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial 30.06 31.75 35.45 37.47 50.87

MINISO Group Holding 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 91.41 79.24 74.97 149.55 149.33

FRA:MIF0 vs RH, ASO, BBWI: Days Payable Comparison

For the Specialty Retail subindustry, MINISO Group Holding'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.


MINISO Group Holding Days Payable vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, MINISO Group Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where MINISO Group Holding's Days Payable falls into.


FRA:MIF0
74GF Score
MINISO Group Holding Ltd FRA:MIF0
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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MINISO Group Holding 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.

MINISO Group Holding'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
=( (167.704 + 819.199) / 2 ) / 3540.547*365
=493.4515 / 3540.547*365
=50.87

MINISO Group Holding'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
=( (819.199 + 505.294) / 2 ) / 404.676*365 / 4
=662.2465 / 404.676*365 / 4
=149.33

* 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 149.33 mean?
MINISO Group Holding (FRA:MIF0) has a Days Payable of 149.33 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 MINISO Group Holding and its competitors. This is 327% above median its historical median of 35.00. Over the past decade, MINISO Group Holding's Days Payable has ranged from 29.22 to 83.81. According to the industry distribution chart, MINISO Group Holding ranks #320 out of 1098 companies in the Retail - Cyclical industry, placing it in the top 29.1%.
Is MINISO Group Holding's Days Payable too high?
MINISO Group Holding's current Days Payable of 149.33 is 327% above median its 10-year median of 35.00. Over the past 10 years, this metric has ranged from a low of 29.22 to a high of 83.81. The Retail - Cyclical industry median Days Payable is 51.63. MINISO Group Holding's value of 149.33 is 189.3% above this industry median. Based on the distribution chart, MINISO Group Holding ranks #320 out of 1098 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, MINISO Group Holding has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MINISO Group Holding's Days Payable compare to RH and ASO?
According to the Retail - Cyclical industry distribution chart, MINISO Group Holding ranks #320 out of 1098 companies for Days Payable. This puts MINISO Group Holding in the upper half of its industry. The industry median Days Payable is 51.63. MINISO Group Holding's value of 149.33 is 189.3% above this benchmark. Historically, MINISO Group Holding's own Days Payable has ranged from 29.22 to 83.81 over the past decade. While the company's 10-year median is 35.00 vs. the industry median of 51.63, MINISO Group Holding 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 Retail - Cyclical company?
The median Days Payable among Retail - Cyclical companies is 51.63, based on 1,098 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. MINISO Group Holding's current Days Payable of 149.33 is 189.3% 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 MINISO Group Holding and its competitors. For the Retail - Cyclical industry, the median Days Payable is 51.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MINISO Group Holding's current Days Payable is 149.33, which is 327% above median its own 10-year median of 35.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MINISO Group Holding stock overvalued right now?
Based on GuruFocus' analysis, MINISO Group Holding (FRA:MIF0) is currently considered Significantly Undervalued. The stock's GF Value™ is €6.58, compared to a current price of €2.56 — trading 61.1% below its estimated fair value. The current Days Payable is 149.33, which is 327% above median its 10-year median of 35.00 and 189.3% above the Retail - Cyclical industry median of 51.63. MINISO Group Holding's overall GF Score™ is 74/100 with 3 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 MINISO Group Holding (FRA:MIF0), the current Days Payable is 149.33 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 MINISO Group Holding (FRA:MIF0) Overvalued in 2026?

Based on GuruFocus' analysis, MINISO Group Holding stock appears to be undervalued. The current stock price of €2.56 is trading 61.1% below its estimated GF Value™ of €6.58. GuruFocus considers MINISO Group Holding to be Significantly Undervalued.

Key valuation signals for FRA:MIF0:

  • Days Payable: 149.33 (327% above median its 10-year median of 35.00)
  • GF Value™: €6.58 vs. price of €2.56 (61.1% below fair value)
  • GF Score™: 74/100 with 3 warning signs
  • Industry Position: 189.3% above the Retail - Cyclical median (#320 of 1098)

No single metric tells the full story. See the FRA:MIF0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MINISO Group Holding Business Description

Address No. 109, Pazhou Avenue, 8th Floor, M Plaza, Haizhu District, Guangdong Province, Guangzhou, CHN, 510000
MINISO Group Holding Ltd is a value retailer offering a variety of trendy lifestyle products featuring IP design. The principal activity of the Company is investment holding. The company's product categories include home decor, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care, snacks, fragrance and perfumes, and stationery and gifts. Its segment includes the MINISO brand -Chinese Mainland and MINISO brand-Overseas which is engaged in the Design, buying, and sale of lifestyle products, and the TOP TOY brand, which is engaged in the Design, buying, and sale of pop toys. The company generates maximum revenue from theMINISO brand -Chinese Mainland segment. Geographically, it derives a majority of its revenue from Chinese Mainland.
74GF Score

Get the complete analysis for FRA:MIF0

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

€2.56
Price
€6.58
GF Value