Carlsberg AS (LTS:0AI3) Days Payable: 210.65 (As of Dec. 2025) — Near Median


LTS:0AI3 Carlsberg AS LTS:0AI3
82 GF Score
Price kr1,075.00
GF Value kr1,358.70
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Carlsberg AS Days Payable?

Carlsberg AS LTS:0AI3 82 Days Payable is 210.65 as of Dec. 2025, which is 9% above its 10-year median of 192.39. GuruFocus rates LTS:0AI3 with a GF Score™ of 82/100 and a GF Value™ of kr1,358.70 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 202 Beverages - Alcoholic companies, Carlsberg AS ranks better than 78.22% on this metric.

Carlsberg AS's average Accounts Payable for the six months ended in Dec. 2025 was kr27,832 Mil. Carlsberg AS's Cost of Goods Sold for the six months ended in Dec. 2025 was kr24,112 Mil. Hence, Carlsberg AS's Days Payable for the six months ended in Dec. 2025 was 210.65.

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

LTS:0AI3' s Days Payable Range Over the Past 10 Years
Min: 150.69   Med: 192.39   Max: 215.56
Current: 196.64

During the past 13 years, Carlsberg AS's highest Days Payable was 215.56. The lowest was 150.69. And the median was 192.39.

LTS:0AI3's Days Payable is ranked better than
78.22% of 202 companies
in the Beverages - Alcoholic industry
Industry Median: 80.855 vs LTS:0AI3: 196.64

Carlsberg AS's Days Payable declined from Dec. 2024 (227.05) to Dec. 2025 (210.65). It may suggest that Carlsberg AS accelerated paying its suppliers.


Carlsberg AS Days Payable Historical Data

* Premium members only.

The historical data trend for Carlsberg AS'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.

Carlsberg AS Days Payable Chart

Carlsberg AS 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 215.56 203.34 197.38 204.16 187.40

Carlsberg AS Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 217.07 209.41 227.05 192.08 210.65

LTS:0AI3 vs STZ, TAP: Days Payable Comparison

For the Beverages - Brewers subindustry, Carlsberg AS'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.


Carlsberg AS Days Payable vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Carlsberg AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Carlsberg AS's Days Payable falls into.


LTS:0AI3
82GF Score
Carlsberg AS LTS:0AI3
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Carlsberg AS 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.

Carlsberg AS'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
=( (23295 + 26877) / 2 ) / 48859*365
=25086 / 48859*365
=187.40

Carlsberg AS's Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (28786 + 26877) / 2 ) / 24112*365 / 2
=27831.5 / 24112*365 / 2
=210.65

* 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 210.65 mean?
Carlsberg AS (LTS:0AI3) has a Days Payable of 210.65 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 Carlsberg AS and its competitors. This is near median its historical median of 192.39. Over the past decade, Carlsberg AS's Days Payable has ranged from 150.69 to 215.56. According to the industry distribution chart, Carlsberg AS ranks #44 out of 202 companies in the Beverages - Alcoholic industry, placing it in the top 21.8%.
Is Carlsberg AS's Days Payable too high?
Carlsberg AS's current Days Payable of 210.65 is near median its 10-year median of 192.39. Over the past 10 years, this metric has ranged from a low of 150.69 to a high of 215.56. The Beverages - Alcoholic industry median Days Payable is 80.86. Carlsberg AS's value of 210.65 is 160.5% above this industry median. Based on the distribution chart, Carlsberg AS ranks #44 out of 202 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Carlsberg AS has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Carlsberg AS's Days Payable compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Carlsberg AS ranks #44 out of 202 companies for Days Payable. This places Carlsberg AS in the top 22% of its industry — outperforming the majority of peers. The industry median Days Payable is 80.86. Carlsberg AS's value of 210.65 is 160.5% above this benchmark. Historically, Carlsberg AS's own Days Payable has ranged from 150.69 to 215.56 over the past decade. While the company's 10-year median is 192.39 vs. the industry median of 80.86, Carlsberg AS 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 Beverages - Alcoholic company?
The median Days Payable among Beverages - Alcoholic companies is 80.86, based on 202 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. Carlsberg AS's current Days Payable of 210.65 is 160.5% 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 Carlsberg AS and its competitors. For the Beverages - Alcoholic industry, the median Days Payable is 80.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carlsberg AS's current Days Payable is 210.65, which is near median its own 10-year median of 192.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carlsberg AS stock overvalued right now?
Based on GuruFocus' analysis, Carlsberg AS (LTS:0AI3) is currently considered Modestly Undervalued. The stock's GF Value™ is kr1,358.70, compared to a current price of kr1,075.00 — trading 20.9% below its estimated fair value. The current Days Payable is 210.65, which is near median its 10-year median of 192.39 and 160.5% above the Beverages - Alcoholic industry median of 80.86. Carlsberg AS's overall GF Score™ is 82/100 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 Carlsberg AS (LTS:0AI3), the current Days Payable is 210.65 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 Carlsberg AS (LTS:0AI3) Overvalued in 2026?

Based on GuruFocus' analysis, Carlsberg AS stock appears to be undervalued. The current stock price of kr1,075.00 is trading 20.9% below its estimated GF Value™ of kr1,358.70. GuruFocus considers Carlsberg AS to be Modestly Undervalued.

Key valuation signals for LTS:0AI3:

  • Days Payable: 210.65 (near median its 10-year median of 192.39)
  • GF Value™: kr1,358.70 vs. price of kr1,075.00 (20.9% below fair value)
  • GF Score™: 82/100 with 4 warning signs
  • Industry Position: 160.5% above the Beverages - Alcoholic median (#44 of 202)

No single metric tells the full story. See the LTS:0AI3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Carlsberg AS Business Description

Address J.C. Jacobsens Gade 1, Copenhagen, DNK, 1799
Carlsberg is the third-largest brewer in the world after Anheuser-Busch InBev and Heineken. It holds leading share in Scandinavia, western China, and several other markets in Asia. Its key brands include Carlsberg, 1664, Tuborg, Holsten, and Somersby. The company's 2025 beverage volume was split among Western Europe (42%), Eastern Europe and India (28%), and Asia (30%).
82GF Score

Get the complete analysis for LTS:0AI3

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

kr1,075.00
Price
kr1,358.70
GF Value