Merafe ResourcesMERFF 64 Days Payable is 1,126.38 as of Dec. 2025, which is 36% above its 10-year median of 830.40. GuruFocus rates MERFF with a GF Score™ of 64/100 and a GF Value™ of $0.17. The stock has 9 warning signs investors should review. Among 1,065 Metals & Mining companies, Merafe Resources ranks better than 67.89% on this metric.
The historical rank and industry rank for Merafe Resources's Days Payable or its related term are showing as below:
MERFF'
s Days Payable Range Over the Past 10 Years
Min: 285.73 Med: 830.4 Max: 1711.68
Current: 1112.88
During the past 13 years, Merafe Resources's highest Days Payable was 1711.68. The lowest was 285.73. And the median was 830.40.
MERFF's Days Payable is ranked better than 67.89% of 1065
companies
in the Metals & Mining industry
Industry Median: 127.26
vs MERFF: 1112.88
Merafe Resources's Days Payable
increased
from Dec. 2024 (738.72) to Dec. 2025 (1,126.38).
It may suggest that Merafe Resourcesdelayed paying its suppliers.
Merafe Resources Days Payable Related Terms
Merafe Resources Days Payable Historical Data
* Premium members only.
The historical data trend for Merafe Resources'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.
Merafe Resources Days Payable Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Merafe Resources'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.
Merafe Resources Days Payable vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Merafe Resources's Days Payable distribution charts can be found below:
* The bar in red indicates where Merafe Resources'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.
Merafe Resources'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.
Merafe Resources (MERFF) has a Days Payable of 1,126.38 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 Merafe Resources and its competitors. This is 36% above median its historical median of 830.40. Over the past decade, Merafe Resources' Days Payable has ranged from 285.73 to 1,711.68. According to the industry distribution chart, Merafe Resources ranks #342 out of 1065 companies in the Metals & Mining industry, placing it in the top 32.1%.
Is Merafe Resources' Days Payable too high?
Merafe Resources' current Days Payable of 1,126.38 is 36% above median its 10-year median of 830.40. Over the past 10 years, this metric has ranged from a low of 285.73 to a high of 1,711.68. The Metals & Mining industry median Days Payable is 127.26. Merafe Resources' value of 1,126.38 is 785.1% above this industry median. Based on the distribution chart, Merafe Resources ranks #342 out of 1065 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Merafe Resources has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Merafe Resources' Days Payable compare to competitors?
According to the Metals & Mining industry distribution chart, Merafe Resources ranks #342 out of 1065 companies for Days Payable. This puts Merafe Resources in the upper half of its industry. The industry median Days Payable is 127.26. Merafe Resources' value of 1,126.38 is 785.1% above this benchmark. Historically, Merafe Resources' own Days Payable has ranged from 285.73 to 1,711.68 over the past decade. While the company's 10-year median is 830.40 vs. the industry median of 127.26, Merafe Resources 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 Metals & Mining company?
The median Days Payable among Metals & Mining companies is 127.26, based on 1,065 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. Merafe Resources's current Days Payable of 1,126.38 is 785.1% 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 Merafe Resources and its competitors. For the Metals & Mining industry, the median Days Payable is 127.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merafe Resources's current Days Payable is 1,126.38, which is 36% above median its own 10-year median of 830.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merafe Resources stock overvalued right now?
Merafe Resources (MERFF) has a current Days Payable of 1,126.38. The stock's GF Value™ is $0.17, compared to a current price of $0.22 — trading 28.1% above its estimated fair value. The current Days Payable is 1,126.38, which is 36% above median its 10-year median of 830.40 and 785.1% above the Metals & Mining industry median of 127.26. Merafe Resources' overall GF Score™ is 64/100 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 Merafe Resources (MERFF), the current Days Payable is 1,126.38 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 Merafe Resources (MERFF) Overvalued in 2026?
Based on GuruFocus' analysis, Merafe Resources stock appears to be overvalued.
The current stock price of $0.22 is trading 28.1% above its estimated GF Value™ of $0.17.
Key valuation signals for MERFF:
Days Payable: 1,126.38 (36% above median its 10-year median of 830.40)
GF Value™: $0.17 vs. price of $0.22 (28.1% above fair value)
Industry Position: 785.1% above the Metals & Mining median (#342 of 1065)
No single metric tells the full story. See the MERFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merafe Resources Ltd through its wholly-owned subsidiary, Merafe Ferrochrome and Mining Proprietary Limited, participates in chrome mining and the beneficiation of chrome ore into ferrochrome. The Glencore-Merafe Chrome Venture (Venture) operates five ferrochrome smelters, twenty-two ferrochrome furnaces, and nine mines, situated in the North-West, Limpopo, and Mpumalanga provinces of South Africa. The company has operating mines namel Marikana West; and Kroondal Gemini. The Group has one reportable segment being the mining and beneficiation of chrome ore into ferrochrome and associated minerals. Geographically, it has its presence in Africa, Americas, Asia, China, Indonesia, Other Asia, and Europe.
64GF Score
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