Zenith Energy (FRA:ZCL) Days Payable: 2,044.20 (As of Mar. 2026) — 86% Above Median


What is Zenith Energy Days Payable?

Zenith Energy FRA:ZCL -7.40% Days Payable is 2,044.20 as of Mar. 2026, which is 86% above its 10-year median of 1,098.57. The stock has 6 warning signs investors should review. Among 851 Oil & Gas companies, Zenith Energy ranks better than 96.71% on this metric.

Zenith Energy's average Accounts Payable for the six months ended in Mar. 2026 was €5.21 Mil. Zenith Energy's Cost of Goods Sold for the six months ended in Mar. 2026 was €0.47 Mil. Hence, Zenith Energy's Days Payable for the six months ended in Mar. 2026 was 2,044.20.

The historical rank and industry rank for Zenith Energy's Days Payable or its related term are showing as below:

FRA:ZCL' s Days Payable Range Over the Past 10 Years
Min: 245.38   Med: 1098.57   Max: 3558.41
Current: 1620.94

During the past 13 years, Zenith Energy's highest Days Payable was 3558.41. The lowest was 245.38. And the median was 1098.57.

FRA:ZCL's Days Payable is ranked better than
96.71% of 851 companies
in the Oil & Gas industry
Industry Median: 57.95 vs FRA:ZCL: 1620.94

Zenith Energy's Days Payable increased from Mar. 2025 (807.78) to Mar. 2026 (2,044.20). It may suggest that Zenith Energy delayed paying its suppliers.


Zenith Energy Days Payable Historical Data

* Premium members only.

The historical data trend for Zenith Energy'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.

Zenith Energy Days Payable Chart

Zenith Energy Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,138.60 474.63 615.44 1,035.77 1,859.18

Zenith Energy Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 391.01 1,529.27 807.78 1,149.53 2,044.20

FRA:ZCL vs COP, EOG, FANG: Days Payable Comparison

For the Oil & Gas E&P subindustry, Zenith Energy'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.


Zenith Energy Days Payable vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Zenith Energy's Days Payable distribution charts can be found below:

* The bar in red indicates where Zenith Energy's Days Payable falls into.



Zenith Energy 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.

Zenith Energy's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as

Days Payable (A: Mar. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2025 ) + Accounts Payable (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (4.834 + 6.861) / 2 ) / 1.148*365
=5.8475 / 1.148*365
=1,859.18

Zenith Energy'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: Sep. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (3.556 + 6.861) / 2 ) / 0.465*365 / 2
=5.2085 / 0.465*365 / 2
=2,044.20

* 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 2,044.20 mean?
Zenith Energy (FRA:ZCL) has a Days Payable of 2,044.20 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 Zenith Energy and its competitors. This is 86% above median its historical median of 1,098.57. Over the past decade, Zenith Energy's Days Payable has ranged from 245.38 to 3,558.41. According to the industry distribution chart, Zenith Energy ranks #28 out of 851 companies in the Oil & Gas industry, placing it in the top 3.3%.
Is Zenith Energy's Days Payable too high?
Zenith Energy's current Days Payable of 2,044.20 is 86% above median its 10-year median of 1,098.57. Over the past 10 years, this metric has ranged from a low of 245.38 to a high of 3,558.41. The Oil & Gas industry median Days Payable is 57.95. Zenith Energy's value of 2,044.20 is 3427.5% above this industry median. Based on the distribution chart, Zenith Energy ranks #28 out of 851 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers.
How does Zenith Energy's Days Payable compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Zenith Energy ranks #28 out of 851 companies for Days Payable. This places Zenith Energy in the top 3% of its industry — outperforming the majority of peers. The industry median Days Payable is 57.95. Zenith Energy's value of 2,044.20 is 3427.5% above this benchmark. Historically, Zenith Energy's own Days Payable has ranged from 245.38 to 3,558.41 over the past decade. While the company's 10-year median is 1,098.57 vs. the industry median of 57.95, Zenith Energy 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 an Oil & Gas company?
The median Days Payable among Oil & Gas companies is 57.95, based on 851 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. Zenith Energy's current Days Payable of 2,044.20 is 3427.5% 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 Zenith Energy and its competitors. For the Oil & Gas industry, the median Days Payable is 57.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zenith Energy's current Days Payable is 2,044.20, which is 86% above median its own 10-year median of 1,098.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zenith Energy stock overvalued right now?
Based on GuruFocus' analysis, Zenith Energy (FRA:ZCL) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.02, compared to a current price of €0.04 — trading 119% above its estimated fair value. The current Days Payable is 2,044.20, which is 86% above median its 10-year median of 1,098.57 and 3427.5% above the Oil & Gas industry median of 57.95. 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 Zenith Energy (FRA:ZCL), the current Days Payable is 2,044.20 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.

Zenith Energy Business Description

Industry EnergyOil & Gas
Address 850 2nd Street, 15th Floor, Bankers Court, Calgary, AB, CAN, T2P 4K9
Zenith Energy Ltd is an international independent oil and gas company with production, exploration, and development assets in the Republic of the Congo, Italy, and Tunisia. The company's strategic focus is the development of revenue-generating oil production assets, as well as low-risk exploration activities in assets with existing production. Its segments are Italy, Tunisia and Others.