GlencoreGLCNF -3.21%66 Days Payable is 39.66 as of Dec. 2025, which is 8% below its 10-year median of 42.96. GuruFocus rates GLCNF with a GF Score™ of 66/100 and a GF Value™ of $6.12 (Fairly Valued). The stock has 11 warning signs investors should review. Among 1,064 Metals & Mining companies, Glencore ranks worse than 79.04% on this metric.
Glencore's average Accounts Payable for the
six
months ended in Dec. 2025 was $27,480 Mil. Glencore's Cost of Goods Sold for the
six
months ended in Dec. 2025 was $126,453 Mil.
Hence, Glencore's Days Payable for the
six
months ended in Dec. 2025 was 39.66.
The historical rank and industry rank for Glencore's Days Payable or its related term are showing as below:
GLCNF'
s Days Payable Range Over the Past 10 Years
Min: 37.78 Med: 42.96 Max: 54.96
Current: 41.03
During the past 13 years, Glencore's highest Days Payable was 54.96. The lowest was 37.78. And the median was 42.96.
GLCNF's Days Payable is ranked worse than 79.04% of 1064
companies
in the Metals & Mining industry
Industry Median: 127.62
vs GLCNF: 41.03
Glencore's Days Payable
declined
from Dec. 2024 (42.09) to Dec. 2025 (39.66).
It may suggest that Glencoreaccelerated paying its suppliers.
Glencore Days Payable Related Terms
Glencore Days Payable Historical Data
* Premium members only.
The historical data trend for Glencore'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.
For the Other Industrial Metals & Mining subindustry, Glencore'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.
Glencore Days Payable vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Glencore's Days Payable distribution charts can be found below:
* The bar in red indicates where Glencore's Days Payable falls into.
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.
Glencore's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Glencore (GLCNF) has a Days Payable of 39.66 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 Glencore and its competitors. This is near median its historical median of 42.96. Over the past decade, Glencore's Days Payable has ranged from 37.78 to 54.96. According to the industry distribution chart, Glencore ranks #841 out of 1064 companies in the Metals & Mining industry, placing it in the top 79%.
Is Glencore's Days Payable too high?
Glencore's current Days Payable of 39.66 is near median its 10-year median of 42.96. Over the past 10 years, this metric has ranged from a low of 37.78 to a high of 54.96. The Metals & Mining industry median Days Payable is 127.62. Glencore's value of 39.66 is 68.9% below this industry median. Based on the distribution chart, Glencore ranks #841 out of 1064 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Glencore has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Glencore's Days Payable compare to competitors?
According to the Metals & Mining industry distribution chart, Glencore ranks #841 out of 1064 companies for Days Payable. This places Glencore in the lower half of its industry. The industry median Days Payable is 127.62. Glencore's value of 39.66 is 68.9% below this benchmark. Historically, Glencore's own Days Payable has ranged from 37.78 to 54.96 over the past decade. While the company's 10-year median is 42.96 vs. the industry median of 127.62, Glencore 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 127.62, based on 1,064 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. Glencore's current Days Payable of 39.66 is 68.9% 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 Glencore and its competitors. For the Metals & Mining industry, the median Days Payable is 127.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Glencore's current Days Payable is 39.66, which is near median its own 10-year median of 42.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Glencore stock overvalued right now?
Based on GuruFocus' analysis, Glencore (GLCNF) is currently considered Fairly Valued. The stock's GF Value™ is $6.12, compared to a current price of $6.63 — trading 8.3% above its estimated fair value. The current Days Payable is 39.66, which is near median its 10-year median of 42.96 and 68.9% below the Metals & Mining industry median of 127.62. Glencore's overall GF Score™ is 66/100 with 11 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 Glencore (GLCNF), the current Days Payable is 39.66 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 Glencore (GLCNF) Overvalued in 2026?
Based on GuruFocus' analysis, Glencore stock appears to be overvalued.
The current stock price of $6.63 is trading 8.3% above its estimated GF Value™ of $6.12.
GuruFocus considers Glencore to be Fairly Valued.
Key valuation signals for GLCNF:
Days Payable: 39.66 (near median its 10-year median of 42.96)
GF Value™: $6.12 vs. price of $6.63 (8.3% above fair value)
Industry Position: 68.9% below the Metals & Mining median (#841 of 1064)
No single metric tells the full story. See the GLCNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Glencore is one of the world's largest commodities traders, active in markets for metals and minerals, and energy products. Its marketing business provides sourcing, logistics, transportation, storage, and financing services to commodity producers and consumers around the globe. Its mining or industrials business produces thermal coal, coking coal, copper, zinc, nickel, cobalt, and ferroalloys. Unlike other major miners who are generally reducing their exposure to coal, it plans to produce thermal coal until its mines exhaust, arguing that it is better for listed, western companies to own these assets and then rehabilitate them consistent with western standards. We agree. It also expanded its coking coal exposure via the purchase of 77% of Teck's metallurgical coal business in July 2024.
66GF Score
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