MTN Nigeria Communications (NSA:MTNN) Days Payable: 82.63 (As of Mar. 2026) — 10% Above Median


NSA:MTNN MTN Nigeria Communications PLC NSA:MTNN
85 GF Score
Price ₦720.00
GF Value ₦614.76
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is MTN Nigeria Communications Days Payable?

MTN Nigeria Communications NSA:MTNN 85 Days Payable is 82.63 as of Mar. 2026, which is 10% above its 10-year median of 75.05. GuruFocus rates NSA:MTNN with a GF Score™ of 85/100 and a GF Value™ of ₦614.76 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 340 Telecommunication Services companies, MTN Nigeria Communications ranks worse than 61.18% on this metric.

MTN Nigeria Communications's average Accounts Payable for the three months ended in Mar. 2026 was ₦372,124 Mil. MTN Nigeria Communications's Cost of Goods Sold for the three months ended in Mar. 2026 was ₦410,951 Mil. Hence, MTN Nigeria Communications's Days Payable for the three months ended in Mar. 2026 was 82.63.

The historical rank and industry rank for MTN Nigeria Communications's Days Payable or its related term are showing as below:

NSA:MTNN' s Days Payable Range Over the Past 10 Years
Min: 48.19   Med: 75.05   Max: 176.72
Current: 80.37

During the past 8 years, MTN Nigeria Communications's highest Days Payable was 176.72. The lowest was 48.19. And the median was 75.05.

NSA:MTNN's Days Payable is ranked worse than
61.18% of 340 companies
in the Telecommunication Services industry
Industry Median: 106.335 vs NSA:MTNN: 80.37

MTN Nigeria Communications's Days Payable declined from Mar. 2025 (86.27) to Mar. 2026 (82.63). It may suggest that MTN Nigeria Communications accelerated paying its suppliers.


MTN Nigeria Communications Days Payable Historical Data

* Premium members only.

The historical data trend for MTN Nigeria Communications'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.

MTN Nigeria Communications Days Payable Chart

MTN Nigeria Communications Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial 176.72 151.01 72.74 77.36 82.71

MTN Nigeria Communications 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 86.27 82.67 77.76 78.12 82.63

NSA:MTNN vs TMUS, VZ, T: Days Payable Comparison

For the Telecom Services subindustry, MTN Nigeria Communications'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.


MTN Nigeria Communications Days Payable vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, MTN Nigeria Communications's Days Payable distribution charts can be found below:

* The bar in red indicates where MTN Nigeria Communications's Days Payable falls into.


NSA:MTNN
85GF Score
MTN Nigeria Communications PLC NSA:MTNN
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MTN Nigeria Communications 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.

MTN Nigeria Communications'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
=( (408028 + 378976) / 2 ) / 1736460*365
=393502 / 1736460*365
=82.71

MTN Nigeria Communications'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
=( (378976 + 365271) / 2 ) / 410951*365 / 4
=372123.5 / 410951*365 / 4
=82.63

* 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 82.63 mean?
MTN Nigeria Communications (NSA:MTNN) has a Days Payable of 82.63 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 MTN Nigeria Communications and its competitors. This is 10% above median its historical median of 75.05. Over the past decade, MTN Nigeria Communications' Days Payable has ranged from 48.19 to 176.72. According to the industry distribution chart, MTN Nigeria Communications ranks #208 out of 340 companies in the Telecommunication Services industry, placing it in the top 61.2%.
Is MTN Nigeria Communications' Days Payable too high?
MTN Nigeria Communications' current Days Payable of 82.63 is 10% above median its 10-year median of 75.05. Over the past 10 years, this metric has ranged from a low of 48.19 to a high of 176.72. The Telecommunication Services industry median Days Payable is 106.34. MTN Nigeria Communications' value of 82.63 is 22.3% below this industry median. Based on the distribution chart, MTN Nigeria Communications ranks #208 out of 340 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, MTN Nigeria Communications has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MTN Nigeria Communications' Days Payable compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, MTN Nigeria Communications ranks #208 out of 340 companies for Days Payable. This places MTN Nigeria Communications in the lower half of its industry. The industry median Days Payable is 106.34. MTN Nigeria Communications' value of 82.63 is 22.3% below this benchmark. Historically, MTN Nigeria Communications' own Days Payable has ranged from 48.19 to 176.72 over the past decade. While the company's 10-year median is 75.05 vs. the industry median of 106.34, MTN Nigeria Communications has consistently been below 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 Telecommunication Services company?
The median Days Payable among Telecommunication Services companies is 106.34, based on 340 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. MTN Nigeria Communications's current Days Payable of 82.63 is 22.3% below 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 MTN Nigeria Communications and its competitors. For the Telecommunication Services industry, the median Days Payable is 106.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTN Nigeria Communications's current Days Payable is 82.63, which is 10% above median its own 10-year median of 75.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MTN Nigeria Communications stock overvalued right now?
Based on GuruFocus' analysis, MTN Nigeria Communications (NSA:MTNN) is currently considered Modestly Overvalued. The stock's GF Value™ is ₦614.76, compared to a current price of ₦720.00 — trading 17.1% above its estimated fair value. The current Days Payable is 82.63, which is 10% above median its 10-year median of 75.05 and 22.3% below the Telecommunication Services industry median of 106.34. MTN Nigeria Communications' overall GF Score™ is 85/100 with 3 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 MTN Nigeria Communications (NSA:MTNN), the current Days Payable is 82.63 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 MTN Nigeria Communications (NSA:MTNN) Overvalued in 2026?

Based on GuruFocus' analysis, MTN Nigeria Communications stock appears to be overvalued. The current stock price of ₦720.00 is trading 17.1% above its estimated GF Value™ of ₦614.76. GuruFocus considers MTN Nigeria Communications to be Modestly Overvalued.

Key valuation signals for NSA:MTNN:

  • Days Payable: 82.63 (10% above median its 10-year median of 75.05)
  • GF Value™: ₦614.76 vs. price of ₦720.00 (17.1% above fair value)
  • GF Score™: 85/100 with 3 warning signs
  • Industry Position: 22.3% below the Telecommunication Services median (#208 of 340)

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


MTN Nigeria Communications Business Description

Address 4 Aromire Road, Off Alfred Rewane, Ikoyi, Lagos, NGA
MTN Nigeria Communications PLC is a provider of communications services. The principal activities of the company are the provision of broadband fixed wireless access service, mobile broadband solutions, and fibre-to-the-home connectivity. The group operates in three reportable segments, namely, Consumer Business Unit (CBU), which consists of subscribers sitting in value propositions and tariff plans for Youth, High Value, and Mass segments, Enterprise Business Unit (EBU), which consists of small and medium organizations to whom the services are provided, and Wholesale Business Unit (WBU), which serves customers who buy MTN telecom products. The majority of the revenue is generated from the CBU segment.
85GF Score

Get the complete analysis for NSA:MTNN

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

₦720.00
Price
₦614.76
GF Value