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NictusJSE:NCS 43 Days Payable is 199.96 as of Mar. 2026, which is 279% above its 10-year median of 52.75. GuruFocus rates JSE:NCS with a GF Score™ of 43/100 and a GF Value™ of R1.17 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,099 Retail - Cyclical companies, Nictus ranks better than 87.08% on this metric.
Nictus's average Accounts Payable for the
six
months ended in Mar. 2026 was R15.32 Mil. Nictus's Cost of Goods Sold for the
six
months ended in Mar. 2026 was R13.98 Mil.
Hence, Nictus's Days Payable for the
six
months ended in Mar. 2026 was 199.96.
The historical rank and industry rank for Nictus's Days Payable or its related term are showing as below:
JSE:NCS'
s Days Payable Range Over the Past 10 Years
Min: 26.76 Med: 52.75 Max: 152.11
Current: 152.11
During the past 13 years, Nictus's highest Days Payable was 152.11. The lowest was 26.76. And the median was 52.75.
JSE:NCS's Days Payable is ranked better than 87.08% of 1099
companies
in the Retail - Cyclical industry
Industry Median: 51.88
vs JSE:NCS: 152.11
Nictus's Days Payable
increased
from Mar. 2025 (167.23) to Mar. 2026 (199.96).
It may suggest that Nictusdelayed paying its suppliers.
Nictus Days Payable Related Terms
Nictus Days Payable Historical Data
* Premium members only.
The historical data trend for Nictus'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.
JSE:NCS vs CASY, WSM, DKS: Days Payable Comparison
For the Specialty Retail subindustry, Nictus'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.
Nictus Days Payable vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Nictus's Days Payable distribution charts can be found below:
* The bar in red indicates where Nictus'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.
Nictus's Days Payable for the fiscal year that ended in Mar. 2026 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.
Nictus (JSE:NCS) has a Days Payable of 199.96 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 Nictus and its competitors. This is 279% above median its historical median of 52.75. Over the past decade, Nictus' Days Payable has ranged from 26.76 to 152.11. According to the industry distribution chart, Nictus ranks #142 out of 1099 companies in the Retail - Cyclical industry, placing it in the top 12.9%.
Is Nictus' Days Payable too high?
Nictus' current Days Payable of 199.96 is 279% above median its 10-year median of 52.75. Over the past 10 years, this metric has ranged from a low of 26.76 to a high of 152.11. The Retail - Cyclical industry median Days Payable is 51.88. Nictus' value of 199.96 is 285.4% above this industry median. Based on the distribution chart, Nictus ranks #142 out of 1099 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Nictus has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nictus' Days Payable compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Nictus ranks #142 out of 1099 companies for Days Payable. This places Nictus in the top 13% of its industry — outperforming the majority of peers. The industry median Days Payable is 51.88. Nictus' value of 199.96 is 285.4% above this benchmark. Historically, Nictus' own Days Payable has ranged from 26.76 to 152.11 over the past decade. While the company's 10-year median is 52.75 vs. the industry median of 51.88, Nictus 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 51.88, based on 1,099 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. Nictus's current Days Payable of 199.96 is 285.4% 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 Nictus and its competitors. For the Retail - Cyclical industry, the median Days Payable is 51.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nictus's current Days Payable is 199.96, which is 279% above median its own 10-year median of 52.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nictus stock overvalued right now?
Based on GuruFocus' analysis, Nictus (JSE:NCS) is currently considered Significantly Overvalued. The stock's GF Value™ is R1.17, compared to a current price of R2.99 — trading 155.6% above its estimated fair value. The current Days Payable is 199.96, which is 279% above median its 10-year median of 52.75 and 285.4% above the Retail - Cyclical industry median of 51.88. Nictus' overall GF Score™ is 43/100 with 6 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 Nictus (JSE:NCS), the current Days Payable is 199.96 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 Nictus (JSE:NCS) Overvalued in 2026?
Based on GuruFocus' analysis, Nictus stock appears to be overvalued.
The current stock price of R2.99 is trading 155.6% above its estimated GF Value™ of R1.17.
GuruFocus considers Nictus to be Significantly Overvalued.
Key valuation signals for JSE:NCS:
Days Payable: 199.96 (279% above median its 10-year median of 52.75)
GF Value™: R1.17 vs. price of R2.99 (155.6% above fair value)
Industry Position: 285.4% above the Retail - Cyclical median (#142 of 1099)
No single metric tells the full story. See the JSE:NCS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nictus Ltd operates as a retailer of household furniture, electrical appliances, and home electronics through the Nictus Furnishers brand and a short-term insurer through the Corporate Guarantee brand. The company owns three furniture retail stores located in Makhado, Polokwane and Randburg, South Africa. It operates in two segments namely Furniture segment and Insurance segment provides short-term insurance. Majority of the revenue is derived from the retailing of furniture and other products.
43GF Score
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