West African Resources (FRA:W25) Days Payable: 64.20 (As of Dec. 2025) — 45% Above Median


FRA:W25 West African Resources Ltd FRA:W25
97 GF Score
Price €1.71
GF Value €2.64
Valuation Modestly Undervalued
! 3 Warning Signs
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What is West African Resources Days Payable?

West African Resources FRA:W25 +3.89% 97 Days Payable is 64.20 as of Dec. 2025, which is 45% above its 10-year median of 44.32. GuruFocus rates FRA:W25 with a GF Score™ of 97/100 and a GF Value™ of €2.64 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,062 Metals & Mining companies, West African Resources ranks worse than 61.96% on this metric.

West African Resources's average Accounts Payable for the six months ended in Dec. 2025 was €77.0 Mil. West African Resources's Cost of Goods Sold for the six months ended in Dec. 2025 was €218.9 Mil. Hence, West African Resources's Days Payable for the six months ended in Dec. 2025 was 64.20.

The historical rank and industry rank for West African Resources's Days Payable or its related term are showing as below:

FRA:W25' s Days Payable Range Over the Past 10 Years
Min: 31.2   Med: 44.32   Max: 74.01
Current: 74.01

During the past 13 years, West African Resources's highest Days Payable was 74.01. The lowest was 31.20. And the median was 44.32.

FRA:W25's Days Payable is ranked worse than
61.96% of 1062 companies
in the Metals & Mining industry
Industry Median: 126.885 vs FRA:W25: 74.01

West African Resources's Days Payable declined from Dec. 2024 (108.24) to Dec. 2025 (64.20). It may suggest that West African Resources accelerated paying its suppliers.


West African Resources Days Payable Historical Data

* Premium members only.

The historical data trend for West African Resources'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.

West African Resources Days Payable Chart

West African Resources Annual Data
Trend Jun16 Jun17 Jun18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.23 31.11 42.61 69.84 48.04

West African Resources Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 64.74 97.77 108.24 141.52 64.20

FRA:W25 vs NEM, AU: Days Payable Comparison

For the Gold subindustry, West African Resources'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.


West African Resources Days Payable vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, West African Resources's Days Payable distribution charts can be found below:

* The bar in red indicates where West African Resources's Days Payable falls into.


FRA:W25
97GF Score
West African Resources Ltd FRA:W25
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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West African Resources 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.

West African Resources'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
=( (41.641 + 42.161) / 2 ) / 318.335*365
=41.901 / 318.335*365
=48.04

West African Resources's Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (111.82 + 42.161) / 2 ) / 218.864*365 / 2
=76.9905 / 218.864*365 / 2
=64.20

* 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 64.20 mean?
West African Resources (FRA:W25) has a Days Payable of 64.20 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 West African Resources and its competitors. This is 45% above median its historical median of 44.32. Over the past decade, West African Resources' Days Payable has ranged from 31.20 to 74.01. According to the industry distribution chart, West African Resources ranks #658 out of 1062 companies in the Metals & Mining industry, placing it in the top 62%.
Is West African Resources' Days Payable too high?
West African Resources' current Days Payable of 64.20 is 45% above median its 10-year median of 44.32. Over the past 10 years, this metric has ranged from a low of 31.20 to a high of 74.01. The Metals & Mining industry median Days Payable is 126.89. West African Resources' value of 64.20 is 49.4% below this industry median. Based on the distribution chart, West African Resources ranks #658 out of 1062 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, West African Resources has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does West African Resources' Days Payable compare to NEM and AU?
According to the Metals & Mining industry distribution chart, West African Resources ranks #658 out of 1062 companies for Days Payable. This places West African Resources in the lower half of its industry. The industry median Days Payable is 126.89. West African Resources' value of 64.20 is 49.4% below this benchmark. Historically, West African Resources' own Days Payable has ranged from 31.20 to 74.01 over the past decade. While the company's 10-year median is 44.32 vs. the industry median of 126.89, West African Resources 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 Metals & Mining company?
The median Days Payable among Metals & Mining companies is 126.89, based on 1,062 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. West African Resources's current Days Payable of 64.20 is 49.4% 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 West African Resources and its competitors. For the Metals & Mining industry, the median Days Payable is 126.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. West African Resources's current Days Payable is 64.20, which is 45% above median its own 10-year median of 44.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is West African Resources stock overvalued right now?
Based on GuruFocus' analysis, West African Resources (FRA:W25) is currently considered Modestly Undervalued. The stock's GF Value™ is €2.64, compared to a current price of €1.71 — trading 35.3% below its estimated fair value. The current Days Payable is 64.20, which is 45% above median its 10-year median of 44.32 and 49.4% below the Metals & Mining industry median of 126.89. West African Resources' overall GF Score™ is 97/100 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 West African Resources (FRA:W25), the current Days Payable is 64.20 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 West African Resources (FRA:W25) Overvalued in 2026?

Based on GuruFocus' analysis, West African Resources stock appears to be undervalued. The current stock price of €1.71 is trading 35.3% below its estimated GF Value™ of €2.64. GuruFocus considers West African Resources to be Modestly Undervalued.

Key valuation signals for FRA:W25:

  • Days Payable: 64.20 (45% above median its 10-year median of 44.32)
  • GF Value™: €2.64 vs. price of €1.71 (35.3% below fair value)
  • GF Score™: 97/100 with 3 warning signs
  • Industry Position: 49.4% below the Metals & Mining median (#658 of 1062)

No single metric tells the full story. See the FRA:W25 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


West African Resources Business Description

Address 1 Alvan Street, Level 1, Subiaco, WA, AUS, 6008
West African Resources Ltd is engaged in mineral exploration in Burkina Faso. It focuses on the development of the Sanbrado Gold Project. The Group's mineral portfolio also includes gold and copper-gold exploration permits in Burkina Faso. The operating segments of the Company that includes Mining Operations: comprise the Sanbrado Gold Project operation located in Burkina Faso. Construction and E&E segment comprises mines under construction andexploration and evaluation (E&E) projects in locations other than Sanbrado.
97GF Score

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

€1.71
Price
€2.64
GF Value