TharisaJSE:THA +6.83%88 Days Payable is 35.13 as of Mar. 2026, which is 0% above its 10-year median of 34.97. GuruFocus rates JSE:THA with a GF Score™ of 88/100 and a GF Value™ of R17.75 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,064 Metals & Mining companies, Tharisa ranks worse than 84.59% on this metric.
Tharisa's average Accounts Payable for the
six
months ended in Mar. 2026 was R808 Mil. Tharisa's Cost of Goods Sold for the
six
months ended in Mar. 2026 was R4,195 Mil.
Hence, Tharisa's Days Payable for the
six
months ended in Mar. 2026 was 35.13.
The historical rank and industry rank for Tharisa's Days Payable or its related term are showing as below:
JSE:THA'
s Days Payable Range Over the Past 10 Years
Min: 19.44 Med: 34.97 Max: 100.91
Current: 32.31
During the past 13 years, Tharisa's highest Days Payable was 100.91. The lowest was 19.44. And the median was 34.97.
JSE:THA's Days Payable is ranked worse than 84.59% of 1064
companies
in the Metals & Mining industry
Industry Median: 126.885
vs JSE:THA: 32.31
Tharisa's Days Payable
increased
from Mar. 2025 (31.19) to Mar. 2026 (35.13).
It may suggest that Tharisadelayed paying its suppliers.
Tharisa Days Payable Related Terms
Tharisa Days Payable Historical Data
* Premium members only.
The historical data trend for Tharisa'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 Precious Metals & Mining subindustry, Tharisa'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.
Tharisa Days Payable vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Tharisa's Days Payable distribution charts can be found below:
* The bar in red indicates where Tharisa'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.
Tharisa's Days Payable for the fiscal year that ended in Sep. 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.
Tharisa (JSE:THA) has a Days Payable of 35.13 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 Tharisa and its competitors. This is near median its historical median of 34.97. Over the past decade, Tharisa's Days Payable has ranged from 19.44 to 100.91. According to the industry distribution chart, Tharisa ranks #900 out of 1064 companies in the Metals & Mining industry, placing it in the top 84.6%.
Is Tharisa's Days Payable too high?
Tharisa's current Days Payable of 35.13 is near median its 10-year median of 34.97. Over the past 10 years, this metric has ranged from a low of 19.44 to a high of 100.91. The Metals & Mining industry median Days Payable is 126.89. Tharisa's value of 35.13 is 72.3% below this industry median. Based on the distribution chart, Tharisa ranks #900 out of 1064 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Tharisa has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tharisa's Days Payable compare to HL and SIND?
According to the Metals & Mining industry distribution chart, Tharisa ranks #900 out of 1064 companies for Days Payable. This places Tharisa in the lower half of its industry. The industry median Days Payable is 126.89. Tharisa's value of 35.13 is 72.3% below this benchmark. Historically, Tharisa's own Days Payable has ranged from 19.44 to 100.91 over the past decade. While the company's 10-year median is 34.97 vs. the industry median of 126.89, Tharisa 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 126.89, 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. Tharisa's current Days Payable of 35.13 is 72.3% 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 Tharisa and its competitors. For the Metals & Mining industry, the median Days Payable is 126.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tharisa's current Days Payable is 35.13, which is near median its own 10-year median of 34.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tharisa stock overvalued right now?
Based on GuruFocus' analysis, Tharisa (JSE:THA) is currently considered Significantly Overvalued. The stock's GF Value™ is R17.75, compared to a current price of R25.80 — trading 45.4% above its estimated fair value. The current Days Payable is 35.13, which is near median its 10-year median of 34.97 and 72.3% below the Metals & Mining industry median of 126.89. Tharisa's overall GF Score™ is 88/100 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 Tharisa (JSE:THA), the current Days Payable is 35.13 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 Tharisa (JSE:THA) Overvalued in 2026?
Based on GuruFocus' analysis, Tharisa stock appears to be overvalued.
The current stock price of R25.80 is trading 45.4% above its estimated GF Value™ of R17.75.
GuruFocus considers Tharisa to be Significantly Overvalued.
Key valuation signals for JSE:THA:
Days Payable: 35.13 (near median its 10-year median of 34.97)
GF Value™: R17.75 vs. price of R25.80 (45.4% above fair value)
Industry Position: 72.3% below the Metals & Mining median (#900 of 1064)
No single metric tells the full story. See the JSE:THA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tharisa PLC is an investment holding company. The company, along with its subsidiaries, is engaged in the exploitation of metals and minerals, principally PGMs and chrome and associated sales and logistics operations. It incorporates mining, processing, exploration, and the beneficiation, marketing, sales, and logistics of PGMs and chrome concentrates, using innovation and technology as enablers. The company operates through the following four segments: PGM segment, Chrome segment, Agency and trading segment, and Manufacturing segment. The majority of the revenue is derived from the Chrome segment. Geographically, it generates the maximum revenue from South Africa.
88GF Score
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