Zalando SEHAM:ZAL +3.64%84 Days Payable is 186.45 as of Mar. 2026, which is 26% above its 10-year median of 148.44. GuruFocus rates HAM:ZAL with a GF Score™ of 84/100 and a GF Value™ of €33.21 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,098 Retail - Cyclical companies, Zalando SE ranks better than 86.98% on this metric.
Zalando SE's average Accounts Payable for the
three
months ended in Mar. 2026 was €3,728 Mil. Zalando SE's Cost of Goods Sold for the
three
months ended in Mar. 2026 was €1,825 Mil.
Hence, Zalando SE's Days Payable for the
three
months ended in Mar. 2026 was 186.45.
The historical rank and industry rank for Zalando SE's Days Payable or its related term are showing as below:
HAM:ZAL'
s Days Payable Range Over the Past 10 Years
Min: 135.87 Med: 148.44 Max: 167.91
Current: 157.78
During the past 13 years, Zalando SE's highest Days Payable was 167.91. The lowest was 135.87. And the median was 148.44.
HAM:ZAL's Days Payable is ranked better than 86.98% of 1098
companies
in the Retail - Cyclical industry
Industry Median: 51.625
vs HAM:ZAL: 157.78
Zalando SE's Days Payable
increased
from Mar. 2025 (175.74) to Mar. 2026 (186.45).
It may suggest that Zalando SEdelayed paying its suppliers.
Zalando SE Days Payable Related Terms
Zalando SE Days Payable Historical Data
* Premium members only.
The historical data trend for Zalando SE'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.
HAM:ZAL vs AMZN, BABA, PDD: Days Payable Comparison
For the Internet Retail subindustry, Zalando SE'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.
Zalando SE Days Payable vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Zalando SE's Days Payable distribution charts can be found below:
* The bar in red indicates where Zalando SE'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.
Zalando SE'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.
Zalando SE (HAM:ZAL) has a Days Payable of 186.45 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 Zalando SE and its competitors. This is 26% above median its historical median of 148.44. Over the past decade, Zalando SE's Days Payable has ranged from 135.87 to 167.91. According to the industry distribution chart, Zalando SE ranks #143 out of 1098 companies in the Retail - Cyclical industry, placing it in the top 13%.
Is Zalando SE's Days Payable too high?
Zalando SE's current Days Payable of 186.45 is 26% above median its 10-year median of 148.44. Over the past 10 years, this metric has ranged from a low of 135.87 to a high of 167.91. The Retail - Cyclical industry median Days Payable is 51.63. Zalando SE's value of 186.45 is 261.2% above this industry median. Based on the distribution chart, Zalando SE ranks #143 out of 1098 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Zalando SE has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zalando SE's Days Payable compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Zalando SE ranks #143 out of 1098 companies for Days Payable. This places Zalando SE in the top 13% of its industry — outperforming the majority of peers. The industry median Days Payable is 51.63. Zalando SE's value of 186.45 is 261.2% above this benchmark. Historically, Zalando SE's own Days Payable has ranged from 135.87 to 167.91 over the past decade. While the company's 10-year median is 148.44 vs. the industry median of 51.63, Zalando SE 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. Zalando SE's current Days Payable of 186.45 is 261.2% 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 Zalando SE 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. Zalando SE's current Days Payable is 186.45, which is 26% above median its own 10-year median of 148.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zalando SE stock overvalued right now?
Based on GuruFocus' analysis, Zalando SE (HAM:ZAL) is currently considered Modestly Undervalued. The stock's GF Value™ is €33.21, compared to a current price of €25.60 — trading 22.9% below its estimated fair value. The current Days Payable is 186.45, which is 26% above median its 10-year median of 148.44 and 261.2% above the Retail - Cyclical industry median of 51.63. Zalando SE's overall GF Score™ is 84/100 with 7 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 Zalando SE (HAM:ZAL), the current Days Payable is 186.45 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 Zalando SE (HAM:ZAL) Overvalued in 2026?
Based on GuruFocus' analysis, Zalando SE stock appears to be undervalued.
The current stock price of €25.60 is trading 22.9% below its estimated GF Value™ of €33.21.
GuruFocus considers Zalando SE to be Modestly Undervalued.
Key valuation signals for HAM:ZAL:
Days Payable: 186.45 (26% above median its 10-year median of 148.44)
GF Value™: €33.21 vs. price of €25.60 (22.9% below fair value)
Industry Position: 261.2% above the Retail - Cyclical median (#143 of 1098)
No single metric tells the full story. See the HAM:ZAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zalando, founded in 2008, is Europe's biggest pure-play online fashion platform. Zalando is present in 25 European countries, and its major market is the DACH region, comprising Germany, Austria, and Switzerland. After the About You acquisition, it has 17 fulfillment centers, offers over 7,000 brands, and as of September 2025, had 62 million active users (more than 10% of the population in countries where the firm has a presence).
84GF Score
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