Mermaid Maritime PCLMMMPF +2.56%48 Days Payable is 123.30 as of Mar. 2026, which is 57% above its 10-year median of 78.35. GuruFocus rates MMMPF with a GF Score™ of 48/100 and a GF Value™ of $0.06 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 851 Oil & Gas companies, Mermaid Maritime PCL ranks better than 66.75% on this metric.
The historical rank and industry rank for Mermaid Maritime PCL's Days Payable or its related term are showing as below:
MMMPF'
s Days Payable Range Over the Past 10 Years
Min: 16.27 Med: 78.35 Max: 103.72
Current: 98.73
During the past 13 years, Mermaid Maritime PCL's highest Days Payable was 103.72. The lowest was 16.27. And the median was 78.35.
MMMPF's Days Payable is ranked better than 66.75% of 851
companies
in the Oil & Gas industry
Industry Median: 57.95
vs MMMPF: 98.73
Mermaid Maritime PCL's Days Payable
increased
from Mar. 2025 (94.59) to Mar. 2026 (123.30).
It may suggest that Mermaid Maritime PCLdelayed paying its suppliers.
Mermaid Maritime PCL Days Payable Related Terms
Mermaid Maritime PCL Days Payable Historical Data
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The historical data trend for Mermaid Maritime PCL'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.
For the Oil & Gas Equipment & Services subindustry, Mermaid Maritime PCL'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.
Mermaid Maritime PCL Days Payable vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Mermaid Maritime PCL's Days Payable distribution charts can be found below:
* The bar in red indicates where Mermaid Maritime PCL'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.
Mermaid Maritime PCL'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.
Mermaid Maritime PCL (MMMPF) has a Days Payable of 123.30 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 Mermaid Maritime PCL and its competitors. This is 57% above median its historical median of 78.35. Over the past decade, Mermaid Maritime PCL's Days Payable has ranged from 16.27 to 103.72. According to the industry distribution chart, Mermaid Maritime PCL ranks #283 out of 851 companies in the Oil & Gas industry, placing it in the top 33.3%.
Is Mermaid Maritime PCL's Days Payable too high?
Mermaid Maritime PCL's current Days Payable of 123.30 is 57% above median its 10-year median of 78.35. Over the past 10 years, this metric has ranged from a low of 16.27 to a high of 103.72. The Oil & Gas industry median Days Payable is 57.95. Mermaid Maritime PCL's value of 123.30 is 112.8% above this industry median. Based on the distribution chart, Mermaid Maritime PCL ranks #283 out of 851 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Mermaid Maritime PCL has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mermaid Maritime PCL's Days Payable compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Mermaid Maritime PCL ranks #283 out of 851 companies for Days Payable. This puts Mermaid Maritime PCL in the upper half of its industry. The industry median Days Payable is 57.95. Mermaid Maritime PCL's value of 123.30 is 112.8% above this benchmark. Historically, Mermaid Maritime PCL's own Days Payable has ranged from 16.27 to 103.72 over the past decade. While the company's 10-year median is 78.35 vs. the industry median of 57.95, Mermaid Maritime PCL 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 Oil & Gas company?
The median Days Payable among Oil & Gas companies is 57.95, based on 851 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. Mermaid Maritime PCL's current Days Payable of 123.30 is 112.8% 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 Mermaid Maritime PCL and its competitors. For the Oil & Gas industry, the median Days Payable is 57.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mermaid Maritime PCL's current Days Payable is 123.30, which is 57% above median its own 10-year median of 78.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mermaid Maritime PCL stock overvalued right now?
Based on GuruFocus' analysis, Mermaid Maritime PCL (MMMPF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.06, compared to a current price of $0.08 — trading 33.3% above its estimated fair value. The current Days Payable is 123.30, which is 57% above median its 10-year median of 78.35 and 112.8% above the Oil & Gas industry median of 57.95. Mermaid Maritime PCL's overall GF Score™ is 48/100 with 7 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 Mermaid Maritime PCL (MMMPF), the current Days Payable is 123.30 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 Mermaid Maritime PCL (MMMPF) Overvalued in 2026?
Based on GuruFocus' analysis, Mermaid Maritime PCL stock appears to be overvalued.
The current stock price of $0.08 is trading 33.3% above its estimated GF Value™ of $0.06.
GuruFocus considers Mermaid Maritime PCL to be Significantly Overvalued.
Key valuation signals for MMMPF:
Days Payable: 123.30 (57% above median its 10-year median of 78.35)
GF Value™: $0.06 vs. price of $0.08 (33.3% above fair value)
Industry Position: 112.8% above the Oil & Gas median (#283 of 851)
No single metric tells the full story. See the MMMPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mermaid Maritime PCL is a subsea and offshore drilling services company. It provides full turnkey services to oil and gas majors operating offshore such as subsea vessels, specialized diving equipment, remotely operated vehicles, and drilling and accommodation rigs. Its segments are the Subsea Group and Holding. The Subsea group, which is the key revenue driver, provides services including inspection, repair, and maintenance (IRM), infrastructure installation support, remotely operated vehicle (ROV) Support, and cable and flexible pipe laying. The company has a presence across the world and Saudi Arabia is the highest income generator.
48GF Score
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