Rafhan Maize Product Co (KAR:RMPL) Days Payable: 66.61 (As of Mar. 2026) — 470% Above Median


KAR:RMPL Rafhan Maize Product Co Ltd KAR:RMPL
92 GF Score
Price ₨9,506.37
GF Value ₨9,698.88
Valuation Fairly Valued
! 5 Warning Signs
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What is Rafhan Maize Product Co Days Payable?

Rafhan Maize Product Co KAR:RMPL 92 Days Payable is 66.61 as of Mar. 2026, which is 470% above its 10-year median of 11.68. GuruFocus rates KAR:RMPL with a GF Score™ of 92/100 and a GF Value™ of ₨9,698.88 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,882 Consumer Packaged Goods companies, Rafhan Maize Product Co ranks better than 63.39% on this metric.

Rafhan Maize Product Co's average Accounts Payable for the three months ended in Mar. 2026 was ₨10,862 Mil. Rafhan Maize Product Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ₨14,881 Mil. Hence, Rafhan Maize Product Co's Days Payable for the three months ended in Mar. 2026 was 66.61.

The historical rank and industry rank for Rafhan Maize Product Co's Days Payable or its related term are showing as below:

KAR:RMPL' s Days Payable Range Over the Past 10 Years
Min: 5.13   Med: 11.68   Max: 60.44
Current: 57.38

During the past 13 years, Rafhan Maize Product Co's highest Days Payable was 60.44. The lowest was 5.13. And the median was 11.68.

KAR:RMPL's Days Payable is ranked better than
63.39% of 1882 companies
in the Consumer Packaged Goods industry
Industry Median: 44.145 vs KAR:RMPL: 57.38

Rafhan Maize Product Co's Days Payable increased from Mar. 2025 (47.61) to Mar. 2026 (66.61). It may suggest that Rafhan Maize Product Co delayed paying its suppliers.


Rafhan Maize Product Co Days Payable Historical Data

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The historical data trend for Rafhan Maize Product Co'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.

Rafhan Maize Product Co Days Payable Chart

Rafhan Maize Product Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.04 14.69 49.58 60.44 56.88

Rafhan Maize Product Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 47.61 51.75 45.39 65.25 66.61

KAR:RMPL vs ADM, BG, TSN: Days Payable Comparison

For the Farm Products subindustry, Rafhan Maize Product Co'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.


Rafhan Maize Product Co Days Payable vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Rafhan Maize Product Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Rafhan Maize Product Co's Days Payable falls into.


KAR:RMPL
92GF Score
Rafhan Maize Product Co Ltd KAR:RMPL
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Rafhan Maize Product Co 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.

Rafhan Maize Product Co's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (6850.284 + 11711.715) / 2 ) / 59551.885*365
=9280.9995 / 59551.885*365
=56.88

Rafhan Maize Product Co's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (11711.715 + 10011.816) / 2 ) / 14880.609*365 / 4
=10861.7655 / 14880.609*365 / 4
=66.61

* 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 66.61 mean?
Rafhan Maize Product Co (KAR:RMPL) has a Days Payable of 66.61 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 Rafhan Maize Product Co and its competitors. This is 470% above median its historical median of 11.68. Over the past decade, Rafhan Maize Product Co's Days Payable has ranged from 5.13 to 60.44. According to the industry distribution chart, Rafhan Maize Product Co ranks #689 out of 1882 companies in the Consumer Packaged Goods industry, placing it in the top 36.6%.
Is Rafhan Maize Product Co's Days Payable too high?
Rafhan Maize Product Co's current Days Payable of 66.61 is 470% above median its 10-year median of 11.68. Over the past 10 years, this metric has ranged from a low of 5.13 to a high of 60.44. The Consumer Packaged Goods industry median Days Payable is 44.15. Rafhan Maize Product Co's value of 66.61 is 50.9% above this industry median. Based on the distribution chart, Rafhan Maize Product Co ranks #689 out of 1882 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Rafhan Maize Product Co has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Rafhan Maize Product Co's Days Payable compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Rafhan Maize Product Co ranks #689 out of 1882 companies for Days Payable. This puts Rafhan Maize Product Co in the upper half of its industry. The industry median Days Payable is 44.15. Rafhan Maize Product Co's value of 66.61 is 50.9% above this benchmark. Historically, Rafhan Maize Product Co's own Days Payable has ranged from 5.13 to 60.44 over the past decade. While the company's 10-year median is 11.68 vs. the industry median of 44.15, Rafhan Maize Product Co 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 Consumer Packaged Goods company?
The median Days Payable among Consumer Packaged Goods companies is 44.15, based on 1,882 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. Rafhan Maize Product Co's current Days Payable of 66.61 is 50.9% 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 Rafhan Maize Product Co and its competitors. For the Consumer Packaged Goods industry, the median Days Payable is 44.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rafhan Maize Product Co's current Days Payable is 66.61, which is 470% above median its own 10-year median of 11.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rafhan Maize Product Co stock overvalued right now?
Based on GuruFocus' analysis, Rafhan Maize Product Co (KAR:RMPL) is currently considered Fairly Valued. The stock's GF Value™ is ₨9,698.88, compared to a current price of ₨9,506.37 — trading 2% below its estimated fair value. The current Days Payable is 66.61, which is 470% above median its 10-year median of 11.68 and 50.9% above the Consumer Packaged Goods industry median of 44.15. Rafhan Maize Product Co's overall GF Score™ is 92/100 with 5 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 Rafhan Maize Product Co (KAR:RMPL), the current Days Payable is 66.61 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 Rafhan Maize Product Co (KAR:RMPL) Overvalued in 2026?

Based on GuruFocus' analysis, Rafhan Maize Product Co stock appears to be undervalued. The current stock price of ₨9,506.37 is trading 2% below its estimated GF Value™ of ₨9,698.88. GuruFocus considers Rafhan Maize Product Co to be Fairly Valued.

Key valuation signals for KAR:RMPL:

  • Days Payable: 66.61 (470% above median its 10-year median of 11.68)
  • GF Value™: ₨9,698.88 vs. price of ₨9,506.37 (2% below fair value)
  • GF Score™: 92/100 with 5 warning signs
  • Industry Position: 50.9% above the Consumer Packaged Goods median (#689 of 1882)

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


Rafhan Maize Product Co Business Description

Address Rakh Canal, East Road, Faisalabad, PB, PAK, 38060
Rafhan Maize Product Co Ltd is involved in the business of using maize as the basic raw material to manufacture and sell industrial products. Its products are Industrial Starches, Liquid Glucose, Dextrose, Dextrin, and Gluten Meals. It supplies its products to textiles, pharmaceuticals, paper, food, baking, confectionery, and other industries. The company sells its products in Pakistan and also exports them to other countries, of which key revenue is derived within Pakistan.
92GF Score

Get the complete analysis for KAR:RMPL

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

₨9,506.37
Price
₨9,698.88
GF Value