Codere Online Luxembourg (MEX:CDRON) Days Payable: 1,017.42 (As of Dec. 2025) — 33% Below Median


MEX:CDRON Codere Online Luxembourg SA MEX:CDRON
74 GF Score
Price MXN155.00
GF Value MXN144.85
! 5 Warning Signs
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What is Codere Online Luxembourg Days Payable?

Codere Online Luxembourg MEX:CDRON 74 Days Payable is 1,017.42 as of Dec. 2025, which is 33% below its 10-year median of 1,528.43. GuruFocus rates MEX:CDRON with a GF Score™ of 74/100 and a GF Value™ of MXN144.85. The stock has 5 warning signs investors should review. Among 781 Travel & Leisure companies, Codere Online Luxembourg ranks better than 96.67% on this metric.

Codere Online Luxembourg's average Accounts Payable for the six months ended in Dec. 2025 was MXN502 Mil. Codere Online Luxembourg's Cost of Goods Sold for the six months ended in Dec. 2025 was MXN90 Mil. Hence, Codere Online Luxembourg's Days Payable for the six months ended in Dec. 2025 was 1,017.42.

The historical rank and industry rank for Codere Online Luxembourg's Days Payable or its related term are showing as below:

MEX:CDRON' s Days Payable Range Over the Past 10 Years
Min: 972.67   Med: 1528.43   Max: 2479.51
Current: 1008.29

During the past 8 years, Codere Online Luxembourg's highest Days Payable was 2479.51. The lowest was 972.67. And the median was 1528.43.

MEX:CDRON's Days Payable is ranked better than
96.67% of 781 companies
in the Travel & Leisure industry
Industry Median: 56.32 vs MEX:CDRON: 1008.29

Codere Online Luxembourg's Days Payable declined from Dec. 2024 (1,193.59) to Dec. 2025 (1,017.42). It may suggest that Codere Online Luxembourg accelerated paying its suppliers.


Codere Online Luxembourg Days Payable Historical Data

* Premium members only.

The historical data trend for Codere Online Luxembourg'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.

Codere Online Luxembourg Days Payable Chart

Codere Online Luxembourg Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial 1,509.19 1,729.18 1,696.13 1,215.95 1,048.82

Codere Online Luxembourg Semi-Annual Data
Dec18 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 1,702.59 1,317.30 1,193.59 1,107.58 1,017.42

MEX:CDRON vs INSE, GAMB, ROLR: Days Payable Comparison

For the Gambling subindustry, Codere Online Luxembourg'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.


Codere Online Luxembourg Days Payable vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Codere Online Luxembourg's Days Payable distribution charts can be found below:

* The bar in red indicates where Codere Online Luxembourg's Days Payable falls into.


MEX:CDRON
74GF Score
Codere Online Luxembourg SA MEX:CDRON
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Codere Online Luxembourg 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.

Codere Online Luxembourg'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
=( (536.177 + 472.555) / 2 ) / 175.524*365
=504.366 / 175.524*365
=1,048.82

Codere Online Luxembourg'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
=( (531.952 + 472.555) / 2 ) / 90.092*365 / 2
=502.2535 / 90.092*365 / 2
=1,017.42

* 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 1,017.42 mean?
Codere Online Luxembourg (MEX:CDRON) has a Days Payable of 1,017.42 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 Codere Online Luxembourg and its competitors. This is 33% below median its historical median of 1,528.43. Over the past decade, Codere Online Luxembourg's Days Payable has ranged from 972.67 to 2,479.51. According to the industry distribution chart, Codere Online Luxembourg ranks #26 out of 781 companies in the Travel & Leisure industry, placing it in the top 3.3%.
Is Codere Online Luxembourg's Days Payable too high?
Codere Online Luxembourg's current Days Payable of 1,017.42 is 33% below median its 10-year median of 1,528.43. Over the past 10 years, this metric has ranged from a low of 972.67 to a high of 2,479.51. The Travel & Leisure industry median Days Payable is 56.32. Codere Online Luxembourg's value of 1,017.42 is 1706.5% above this industry median. Based on the distribution chart, Codere Online Luxembourg ranks #26 out of 781 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Codere Online Luxembourg has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Codere Online Luxembourg's Days Payable compare to INSE and GAMB?
According to the Travel & Leisure industry distribution chart, Codere Online Luxembourg ranks #26 out of 781 companies for Days Payable. This places Codere Online Luxembourg in the top 3% of its industry — outperforming the majority of peers. The industry median Days Payable is 56.32. Codere Online Luxembourg's value of 1,017.42 is 1706.5% above this benchmark. Historically, Codere Online Luxembourg's own Days Payable has ranged from 972.67 to 2,479.51 over the past decade. While the company's 10-year median is 1,528.43 vs. the industry median of 56.32, Codere Online Luxembourg 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 Travel & Leisure company?
The median Days Payable among Travel & Leisure companies is 56.32, based on 781 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. Codere Online Luxembourg's current Days Payable of 1,017.42 is 1706.5% 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 Codere Online Luxembourg and its competitors. For the Travel & Leisure industry, the median Days Payable is 56.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Codere Online Luxembourg's current Days Payable is 1,017.42, which is 33% below median its own 10-year median of 1,528.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Codere Online Luxembourg stock overvalued right now?
Codere Online Luxembourg (MEX:CDRON) has a current Days Payable of 1,017.42. The stock's GF Value™ is MXN144.85, compared to a current price of MXN155.00 — trading 7% above its estimated fair value. The current Days Payable is 1,017.42, which is 33% below median its 10-year median of 1,528.43 and 1706.5% above the Travel & Leisure industry median of 56.32. Codere Online Luxembourg's overall GF Score™ is 74/100 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 Codere Online Luxembourg (MEX:CDRON), the current Days Payable is 1,017.42 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 Codere Online Luxembourg (MEX:CDRON) Overvalued in 2026?

Based on GuruFocus' analysis, Codere Online Luxembourg stock appears to be overvalued. The current stock price of MXN155.00 is trading 7% above its estimated GF Value™ of MXN144.85.

Key valuation signals for MEX:CDRON:

  • Days Payable: 1,017.42 (33% below median its 10-year median of 1,528.43)
  • GF Value™: MXN144.85 vs. price of MXN155.00 (7% above fair value)
  • GF Score™: 74/100 with 5 warning signs
  • Industry Position: 1706.5% above the Travel & Leisure median (#26 of 781)

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


Codere Online Luxembourg Business Description

Other Exchanges CDRO:USA
Address 7 rue Robert Stumper, Luxembourg, LUX, L-2557
Codere Online Luxembourg SA is an international online casino gaming and online sports betting group focused on providing its customers with a safe and enjoyable online gaming experience. It currently operates in Spain, Mexico, Colombia, and Other countries, where it offers its users the ability to play online casino games and bet on sports events. Online casino offerings include the full portfolio of games typically available in land-based casinos, gaming halls, and gambling establishments, such as slot machines, table games, and bingo. Online sports betting involves a user placing a wager on an event at some fixed odds determined by Codere Online. The company derives maximum revenue from Mexico.
74GF Score

Get the complete analysis for MEX:CDRON

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

MXN155.00
Price
MXN144.85
GF Value