Adcorp Holdings (JSE:ADR) Days Payable: 17.45 (As of Feb. 2026) — 258% Above Median


JSE:ADR Adcorp Holdings Ltd JSE:ADR
60 GF Score
Price R6.60
GF Value R4.60
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Adcorp Holdings Days Payable?

Adcorp Holdings JSE:ADR 60 Days Payable is 17.45 as of Feb. 2026, which is 258% above its 10-year median of 4.87. GuruFocus rates JSE:ADR with a GF Score™ of 60/100 and a GF Value™ of R4.60 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 943 Business Services companies, Adcorp Holdings ranks worse than 84.2% on this metric.

Adcorp Holdings's average Accounts Payable for the six months ended in Feb. 2026 was R521 Mil. Adcorp Holdings's Cost of Goods Sold for the six months ended in Feb. 2026 was R5,453 Mil. Hence, Adcorp Holdings's Days Payable for the six months ended in Feb. 2026 was 17.45.

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

JSE:ADR' s Days Payable Range Over the Past 10 Years
Min: 3.4   Med: 4.87   Max: 20.09
Current: 12.73

During the past 13 years, Adcorp Holdings's highest Days Payable was 20.09. The lowest was 3.40. And the median was 4.87.

JSE:ADR's Days Payable is ranked worse than
84.2% of 943 companies
in the Business Services industry
Industry Median: 46.92 vs JSE:ADR: 12.73

Adcorp Holdings's Days Payable declined from Feb. 2025 (17.61) to Feb. 2026 (17.45). It may suggest that Adcorp Holdings accelerated paying its suppliers.


Adcorp Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Adcorp Holdings'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.

Adcorp Holdings Days Payable Chart

Adcorp Holdings Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.02 4.72 3.54 3.58 3.40

Adcorp Holdings Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 14.92 16.29 17.61 17.35 17.45

JSE:ADR vs KFY, RHI, TNET: Days Payable Comparison

For the Staffing & Employment Services subindustry, Adcorp Holdings'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.


Adcorp Holdings Days Payable vs Business Services Industry

For the Business Services industry and Industrials sector, Adcorp Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Adcorp Holdings's Days Payable falls into.


JSE:ADR
60GF Score
Adcorp Holdings Ltd JSE:ADR
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Adcorp Holdings 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.

Adcorp Holdings's Days Payable for the fiscal year that ended in Feb. 2026 is calculated as

Days Payable (A: Feb. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Feb. 2025 ) + Accounts Payable (A: Feb. 2026 )) / count ) / Cost of Goods Sold (A: Feb. 2026 )*Days in Period
=( (131.783 + 77.409) / 2 ) / 11222.944*365
=104.596 / 11222.944*365
=3.40

Adcorp Holdings's Days Payable for the quarter that ended in Feb. 2026 is calculated as:

Days Payable (Q: Feb. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Aug. 2025 ) + Accounts Payable (Q: Feb. 2026 )) / count ) / Cost of Goods Sold (Q: Feb. 2026 )*Days in Period
=( (965.461 + 77.409) / 2 ) / 5452.742*365 / 2
=521.435 / 5452.742*365 / 2
=17.45

* 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 17.45 mean?
Adcorp Holdings (JSE:ADR) has a Days Payable of 17.45 as of Feb. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Adcorp Holdings and its competitors. This is 258% above median its historical median of 4.87. Over the past decade, Adcorp Holdings' Days Payable has ranged from 3.40 to 20.09. According to the industry distribution chart, Adcorp Holdings ranks #794 out of 943 companies in the Business Services industry, placing it in the top 84.2%.
Is Adcorp Holdings' Days Payable too high?
Adcorp Holdings' current Days Payable of 17.45 is 258% above median its 10-year median of 4.87. Over the past 10 years, this metric has ranged from a low of 3.40 to a high of 20.09. The Business Services industry median Days Payable is 46.92. Adcorp Holdings' value of 17.45 is 62.8% below this industry median. Based on the distribution chart, Adcorp Holdings ranks #794 out of 943 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Adcorp Holdings has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Adcorp Holdings' Days Payable compare to KFY and RHI?
According to the Business Services industry distribution chart, Adcorp Holdings ranks #794 out of 943 companies for Days Payable. This places Adcorp Holdings in the lower half of its industry. The industry median Days Payable is 46.92. Adcorp Holdings' value of 17.45 is 62.8% below this benchmark. Historically, Adcorp Holdings' own Days Payable has ranged from 3.40 to 20.09 over the past decade. While the company's 10-year median is 4.87 vs. the industry median of 46.92, Adcorp Holdings 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 Business Services company?
The median Days Payable among Business Services companies is 46.92, based on 943 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. Adcorp Holdings's current Days Payable of 17.45 is 62.8% 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 Adcorp Holdings and its competitors. For the Business Services industry, the median Days Payable is 46.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adcorp Holdings's current Days Payable is 17.45, which is 258% above median its own 10-year median of 4.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adcorp Holdings stock overvalued right now?
Based on GuruFocus' analysis, Adcorp Holdings (JSE:ADR) is currently considered Significantly Overvalued. The stock's GF Value™ is R4.60, compared to a current price of R6.60 — trading 43.5% above its estimated fair value. The current Days Payable is 17.45, which is 258% above median its 10-year median of 4.87 and 62.8% below the Business Services industry median of 46.92. Adcorp Holdings' overall GF Score™ is 60/100 with 4 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 Adcorp Holdings (JSE:ADR), the current Days Payable is 17.45 as of Feb. 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 Adcorp Holdings (JSE:ADR) Overvalued in 2026?

Based on GuruFocus' analysis, Adcorp Holdings stock appears to be overvalued. The current stock price of R6.60 is trading 43.5% above its estimated GF Value™ of R4.60. GuruFocus considers Adcorp Holdings to be Significantly Overvalued.

Key valuation signals for JSE:ADR:

  • Days Payable: 17.45 (258% above median its 10-year median of 4.87)
  • GF Value™: R4.60 vs. price of R6.60 (43.5% above fair value)
  • GF Score™: 60/100 with 4 warning signs
  • Industry Position: 62.8% below the Business Services median (#794 of 943)

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


Adcorp Holdings Business Description

Address 102 Western Service Road, Adcorp Place, Gallo Manor Ext 6, Johannesburg, GT, ZAF, 2191
Adcorp Holdings Ltd is engaged in providing workplace solutions. The company renders services in the fields of permanent recruitment and flexible staffing sectors, professional IT services, as well as the provision of business process outsourcing, training, and financial services. Its operating segments are Contingent staffing, Professional Services, Business support. and Contingent staffing Australia. The geographical segments are South Africa and International.
60GF Score

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

R6.60
Price
R4.60
GF Value