Holding Nov Vek AD (LTS:0IV6) Days Payable: 111.35 (As of Mar. 2026) — 59% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LTS:0IV6 Holding Nov Vek AD LTS:0IV6
44 GF Score
Price лв16.20
GF Value лв28.57
! 6 Warning Signs
View Full Analysis

What is Holding Nov Vek AD Days Payable?

Holding Nov Vek AD LTS:0IV6 44 Days Payable is 111.35 as of Mar. 2026, which is 59% above its 10-year median of 70.07. GuruFocus rates LTS:0IV6 with a GF Score™ of 44/100 and a GF Value™ of лв28.57. The stock has 6 warning signs investors should review. Among 493 Asset Management companies, Holding Nov Vek AD ranks better than 51.93% on this metric.

Holding Nov Vek AD's average Accounts Payable for the three months ended in Mar. 2026 was лв3.51 Mil. Holding Nov Vek AD's Cost of Goods Sold for the three months ended in Mar. 2026 was лв2.88 Mil. Hence, Holding Nov Vek AD's Days Payable for the three months ended in Mar. 2026 was 111.35.

The historical rank and industry rank for Holding Nov Vek AD's Days Payable or its related term are showing as below:

LTS:0IV6' s Days Payable Range Over the Past 10 Years
Min: 21.03   Med: 70.07   Max: 132.08
Current: 74.27

During the past 13 years, Holding Nov Vek AD's highest Days Payable was 132.08. The lowest was 21.03. And the median was 70.07.

LTS:0IV6's Days Payable is ranked better than
51.93% of 493 companies
in the Asset Management industry
Industry Median: 70.48 vs LTS:0IV6: 74.27

Holding Nov Vek AD's Days Payable declined from Mar. 2025 (308.74) to Mar. 2026 (111.35). It may suggest that Holding Nov Vek AD accelerated paying its suppliers.


Holding Nov Vek AD Days Payable Historical Data

* Premium members only.

The historical data trend for Holding Nov Vek AD'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.

Holding Nov Vek AD Days Payable Chart

Holding Nov Vek AD 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 65.48 55.52 83.12 132.09 81.68

Holding Nov Vek AD 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 308.74 94.43 111.51 48.51 111.35

LTS:0IV6 vs BLK, BX, KKR: Days Payable Comparison

For the Asset Management subindustry, Holding Nov Vek AD'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.


Holding Nov Vek AD Days Payable vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Holding Nov Vek AD's Days Payable distribution charts can be found below:

* The bar in red indicates where Holding Nov Vek AD's Days Payable falls into.


LTS:0IV6
44GF Score
Holding Nov Vek AD LTS:0IV6
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Holding Nov Vek AD 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.

Holding Nov Vek AD'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
=( (7.562 + 4.034) / 2 ) / 25.909*365
=5.798 / 25.909*365
=81.68

Holding Nov Vek AD'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
=( (4.034 + 2.985) / 2 ) / 2.876*365 / 4
=3.5095 / 2.876*365 / 4
=111.35

* 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 111.35 mean?
Holding Nov Vek AD (LTS:0IV6) has a Days Payable of 111.35 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 Holding Nov Vek AD and its competitors. This is 59% above median its historical median of 70.07. Over the past decade, Holding Nov Vek AD's Days Payable has ranged from 21.03 to 132.08. According to the industry distribution chart, Holding Nov Vek AD ranks #237 out of 493 companies in the Asset Management industry, placing it in the top 48.1%.
Is Holding Nov Vek AD's Days Payable too high?
Holding Nov Vek AD's current Days Payable of 111.35 is 59% above median its 10-year median of 70.07. Over the past 10 years, this metric has ranged from a low of 21.03 to a high of 132.08. The Asset Management industry median Days Payable is 70.48. Holding Nov Vek AD's value of 111.35 is 58% above this industry median. Based on the distribution chart, Holding Nov Vek AD ranks #237 out of 493 companies in the Asset Management industry, which is above the industry midpoint. Overall, Holding Nov Vek AD has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Holding Nov Vek AD's Days Payable compare to BLK and BX?
According to the Asset Management industry distribution chart, Holding Nov Vek AD ranks #237 out of 493 companies for Days Payable. This puts Holding Nov Vek AD in the upper half of its industry. The industry median Days Payable is 70.48. Holding Nov Vek AD's value of 111.35 is 58% above this benchmark. Historically, Holding Nov Vek AD's own Days Payable has ranged from 21.03 to 132.08 over the past decade. While the company's 10-year median is 70.07 vs. the industry median of 70.48, Holding Nov Vek AD 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 an Asset Management company?
The median Days Payable among Asset Management companies is 70.48, based on 493 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. Holding Nov Vek AD's current Days Payable of 111.35 is 58% 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 Holding Nov Vek AD and its competitors. For the Asset Management industry, the median Days Payable is 70.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Holding Nov Vek AD's current Days Payable is 111.35, which is 59% above median its own 10-year median of 70.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Holding Nov Vek AD stock overvalued right now?
Holding Nov Vek AD (LTS:0IV6) has a current Days Payable of 111.35. The stock's GF Value™ is лв28.57, compared to a current price of лв16.20 — trading 43.3% below its estimated fair value. The current Days Payable is 111.35, which is 59% above median its 10-year median of 70.07 and 58% above the Asset Management industry median of 70.48. Holding Nov Vek AD's overall GF Score™ is 44/100 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 Holding Nov Vek AD (LTS:0IV6), the current Days Payable is 111.35 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 Holding Nov Vek AD (LTS:0IV6) Overvalued in 2026?

Based on GuruFocus' analysis, Holding Nov Vek AD stock appears to be undervalued. The current stock price of лв16.20 is trading 43.3% below its estimated GF Value™ of лв28.57.

Key valuation signals for LTS:0IV6:

  • Days Payable: 111.35 (59% above median its 10-year median of 70.07)
  • GF Value™: лв28.57 vs. price of лв16.20 (43.3% below fair value)
  • GF Score™: 44/100 with 6 warning signs
  • Industry Position: 58% above the Asset Management median (#237 of 493)

No single metric tells the full story. See the LTS:0IV6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Holding Nov Vek AD Business Description

Other Exchanges HNVK:Bulgaria
Address Gr. 13 Ship Mountain Street, Sofia, BGR
Holding Nov Vek AD is engaged in the acquisition, appraisal and managing of shares, bonds, as well as the cession of licenses for patents. Its activities are: securities acquiring, management and sale, evaluation and sale of patent rights.
44GF Score

Get the complete analysis for LTS:0IV6

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

лв16.20
Price
лв28.57
GF Value