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South Ocean HoldingsJSE:SOH 45 Days Payable is 56.06 as of Dec. 2025, which is 90% above its 10-year median of 29.43. GuruFocus rates JSE:SOH with a GF Score™ of 45/100 and a GF Value™ of R1.55 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 2,991 Industrial Products companies, South Ocean Holdings ranks worse than 68.27% on this metric.
The historical rank and industry rank for South Ocean Holdings's Days Payable or its related term are showing as below:
JSE:SOH'
s Days Payable Range Over the Past 10 Years
Min: 13.37 Med: 29.43 Max: 53.85
Current: 50.99
During the past 13 years, South Ocean Holdings's highest Days Payable was 53.85. The lowest was 13.37. And the median was 29.43.
JSE:SOH's Days Payable is ranked worse than 68.27% of 2991
companies
in the Industrial Products industry
Industry Median: 78.4
vs JSE:SOH: 50.99
South Ocean Holdings's Days Payable
increased
from Dec. 2024 (51.28) to Dec. 2025 (56.06).
It may suggest that South Ocean Holdingsdelayed paying its suppliers.
The historical data trend for South Ocean 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.
For the Electrical Equipment & Parts subindustry, South Ocean 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.
South Ocean Holdings Days Payable vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, South Ocean Holdings's Days Payable distribution charts can be found below:
* The bar in red indicates where South Ocean Holdings'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.
South Ocean Holdings'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.
South Ocean Holdings (JSE:SOH) has a Days Payable of 56.06 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 South Ocean Holdings and its competitors. This is 90% above median its historical median of 29.43. Over the past decade, South Ocean Holdings' Days Payable has ranged from 13.37 to 53.85. According to the industry distribution chart, South Ocean Holdings ranks #2042 out of 2991 companies in the Industrial Products industry, placing it in the top 68.3%.
Is South Ocean Holdings' Days Payable too high?
South Ocean Holdings' current Days Payable of 56.06 is 90% above median its 10-year median of 29.43. Over the past 10 years, this metric has ranged from a low of 13.37 to a high of 53.85. The Industrial Products industry median Days Payable is 78.40. South Ocean Holdings' value of 56.06 is 28.5% below this industry median. Based on the distribution chart, South Ocean Holdings ranks #2042 out of 2991 companies in the Industrial Products industry, which is below the industry midpoint. Overall, South Ocean Holdings has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does South Ocean Holdings' Days Payable compare to VRT and BE?
According to the Industrial Products industry distribution chart, South Ocean Holdings ranks #2042 out of 2991 companies for Days Payable. This places South Ocean Holdings in the lower half of its industry. The industry median Days Payable is 78.40. South Ocean Holdings' value of 56.06 is 28.5% below this benchmark. Historically, South Ocean Holdings' own Days Payable has ranged from 13.37 to 53.85 over the past decade. While the company's 10-year median is 29.43 vs. the industry median of 78.40, South Ocean 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 78.40, based on 2,991 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. South Ocean Holdings's current Days Payable of 56.06 is 28.5% 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 South Ocean Holdings and its competitors. For the Industrial Products industry, the median Days Payable is 78.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. South Ocean Holdings's current Days Payable is 56.06, which is 90% above median its own 10-year median of 29.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is South Ocean Holdings stock overvalued right now?
Based on GuruFocus' analysis, South Ocean Holdings (JSE:SOH) is currently considered Possible Value Trap. The stock's GF Value™ is R1.55, compared to a current price of R0.76 — trading 51% below its estimated fair value. The current Days Payable is 56.06, which is 90% above median its 10-year median of 29.43 and 28.5% below the Industrial Products industry median of 78.40. South Ocean Holdings' overall GF Score™ is 45/100 with 9 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 South Ocean Holdings (JSE:SOH), the current Days Payable is 56.06 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 South Ocean Holdings (JSE:SOH) Overvalued in 2026?
Based on GuruFocus' analysis, South Ocean Holdings stock appears to be undervalued.
The current stock price of R0.76 is trading 51% below its estimated GF Value™ of R1.55.
GuruFocus considers South Ocean Holdings to be Possible Value Trap.
Key valuation signals for JSE:SOH:
Days Payable: 56.06 (90% above median its 10-year median of 29.43)
GF Value™: R1.55 vs. price of R0.76 (51% below fair value)
Industry Position: 28.5% below the Industrial Products median (#2042 of 2991)
No single metric tells the full story. See the JSE:SOH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
South Ocean Holdings Ltd is an investment holding company. The Company through its subsidiaries manufactures electrical wires, imports and distributes electrical accessories, general-purpose insulated wire, a range of flexible conductors, steel wire armored cables, flat-twin and earth cables, aluminum conductor steel reinforced (ACSR) cables, aerial bundle conductors (ABC) and surface wire investment company and light fittings assembly. The operating segments of the company include Electrical cable manufacturing; and Property investments. The company earns maximum revenue from Electrical cable manufacturing segment which consists manufacturing and distribution of electric wire. The group operates in South Africa.
45GF Score
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