Matrix Service Co (FRA:MX2) Days Payable: 42.60 (As of Mar. 2026) — 17% Above Median


FRA:MX2 Matrix Service Co FRA:MX2
72 GF Score
Price €12.00
GF Value €11.06
Valuation Fairly Valued
! 3 Warning Signs
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What is Matrix Service Co Days Payable?

Matrix Service Co FRA:MX2 +0.84% 72 Days Payable is 42.60 as of Mar. 2026, which is 17% above its 10-year median of 36.33. GuruFocus rates FRA:MX2 with a GF Score™ of 72/100 and a GF Value™ of €11.06 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,710 Construction companies, Matrix Service Co ranks worse than 79.94% on this metric.

Matrix Service Co's average Accounts Payable for the three months ended in Mar. 2026 was €76.6 Mil. Matrix Service Co's Cost of Goods Sold for the three months ended in Mar. 2026 was €164.0 Mil. Hence, Matrix Service Co's Days Payable for the three months ended in Mar. 2026 was 42.60.

The historical rank and industry rank for Matrix Service Co's Days Payable or its related term are showing as below:

FRA:MX2' s Days Payable Range Over the Past 10 Years
Min: 27.57   Med: 36.33   Max: 41.12
Current: 40.13

During the past 13 years, Matrix Service Co's highest Days Payable was 41.12. The lowest was 27.57. And the median was 36.33.

FRA:MX2's Days Payable is ranked worse than
79.94% of 1710 companies
in the Construction industry
Industry Median: 76.79 vs FRA:MX2: 40.13

Matrix Service Co's Days Payable increased from Mar. 2025 (39.37) to Mar. 2026 (42.60). It may suggest that Matrix Service Co delayed paying its suppliers.


Matrix Service Co Days Payable Historical Data

* Premium members only.

The historical data trend for Matrix Service Co'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.

Matrix Service Co Days Payable Chart

Matrix Service Co Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.63 33.03 36.57 37.55 37.71

Matrix Service Co 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 39.37 36.10 41.56 42.98 42.60

FRA:MX2 vs PHOE, ESOA, MCDIF: Days Payable Comparison

For the Engineering & Construction subindustry, Matrix Service Co'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.


Matrix Service Co Days Payable vs Construction Industry

For the Construction industry and Industrials sector, Matrix Service Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Matrix Service Co's Days Payable falls into.


FRA:MX2
72GF Score
Matrix Service Co FRA:MX2
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Matrix Service Co 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.

Matrix Service Co's Days Payable for the fiscal year that ended in Jun. 2025 is calculated as

Days Payable (A: Jun. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2024 ) + Accounts Payable (A: Jun. 2025 )) / count ) / Cost of Goods Sold (A: Jun. 2025 )*Days in Period
=( (60.969 + 69.753) / 2 ) / 632.571*365
=65.361 / 632.571*365
=37.71

Matrix Service Co'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
=( (75.134 + 77.971) / 2 ) / 163.966*365 / 4
=76.5525 / 163.966*365 / 4
=42.60

* 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 42.60 mean?
Matrix Service Co (FRA:MX2) has a Days Payable of 42.60 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 Matrix Service Co and its competitors. This is 17% above median its historical median of 36.33. Over the past decade, Matrix Service Co's Days Payable has ranged from 27.57 to 41.12. According to the industry distribution chart, Matrix Service Co ranks #1367 out of 1710 companies in the Construction industry, placing it in the top 79.9%.
Is Matrix Service Co's Days Payable too high?
Matrix Service Co's current Days Payable of 42.60 is 17% above median its 10-year median of 36.33. Over the past 10 years, this metric has ranged from a low of 27.57 to a high of 41.12. The Construction industry median Days Payable is 76.79. Matrix Service Co's value of 42.60 is 44.5% below this industry median. Based on the distribution chart, Matrix Service Co ranks #1367 out of 1710 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Matrix Service Co has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Matrix Service Co's Days Payable compare to PHOE and ESOA?
According to the Construction industry distribution chart, Matrix Service Co ranks #1367 out of 1710 companies for Days Payable. This places Matrix Service Co in the lower half of its industry. The industry median Days Payable is 76.79. Matrix Service Co's value of 42.60 is 44.5% below this benchmark. Historically, Matrix Service Co's own Days Payable has ranged from 27.57 to 41.12 over the past decade. While the company's 10-year median is 36.33 vs. the industry median of 76.79, Matrix Service Co 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 Construction company?
The median Days Payable among Construction companies is 76.79, based on 1,710 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. Matrix Service Co's current Days Payable of 42.60 is 44.5% 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 Matrix Service Co and its competitors. For the Construction industry, the median Days Payable is 76.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Matrix Service Co's current Days Payable is 42.60, which is 17% above median its own 10-year median of 36.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Matrix Service Co stock overvalued right now?
Based on GuruFocus' analysis, Matrix Service Co (FRA:MX2) is currently considered Fairly Valued. The stock's GF Value™ is €11.06, compared to a current price of €12.00 — trading 8.5% above its estimated fair value. The current Days Payable is 42.60, which is 17% above median its 10-year median of 36.33 and 44.5% below the Construction industry median of 76.79. Matrix Service Co's overall GF Score™ is 72/100 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 Matrix Service Co (FRA:MX2), the current Days Payable is 42.60 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 Matrix Service Co (FRA:MX2) Overvalued in 2026?

Based on GuruFocus' analysis, Matrix Service Co stock appears to be overvalued. The current stock price of €12.00 is trading 8.5% above its estimated GF Value™ of €11.06. GuruFocus considers Matrix Service Co to be Fairly Valued.

Key valuation signals for FRA:MX2:

  • Days Payable: 42.60 (17% above median its 10-year median of 36.33)
  • GF Value™: €11.06 vs. price of €12.00 (8.5% above fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 44.5% below the Construction median (#1367 of 1710)

No single metric tells the full story. See the FRA:MX2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Matrix Service Co Business Description

Other Exchanges MTRX:USA
Address 15 East 5th Street, Suite 1100, Tulsa, OK, USA, 74103
Matrix Service Co provides engineering, fabrication, construction, maintenance, and repair services prominently to the energy and industrial markets. The company operates through three main segments: Storage and Terminal Solutions, Utility and Power Infrastructure, and Process and Industrial Facilities. These segments cover services like building and maintaining storage tanks and terminals, supporting power delivery and new power generation projects including renewables, as well as plant maintenance and turnarounds for refining and petrochemical industries. Matrix generates revenue by delivering these services to clients in oil, gas, power, and petrochemical sectors across North America and internationally.
72GF Score

Get the complete analysis for FRA:MX2

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

€12.00
Price
€11.06
GF Value