MainfreightNZSE:MFT +1.68%96 Days Payable is 34.11 as of Mar. 2026, which is 46% below its 10-year median of 63.63. GuruFocus rates NZSE:MFT with a GF Score™ of 96/100 and a GF Value™ of NZ$70.91 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 964 Transportation companies, Mainfreight ranks better than 71.06% on this metric.
The historical rank and industry rank for Mainfreight's Days Payable or its related term are showing as below:
NZSE:MFT'
s Days Payable Range Over the Past 10 Years
Min: 53 Med: 63.63 Max: 68.78
Current: 66.11
During the past 13 years, Mainfreight's highest Days Payable was 68.78. The lowest was 53.00. And the median was 63.63.
NZSE:MFT's Days Payable is ranked better than 71.06% of 964
companies
in the Transportation industry
Industry Median: 39.01
vs NZSE:MFT: 66.11
Mainfreight's Days Payable
increased
from Mar. 2025 (30.99) to Mar. 2026 (34.11).
It may suggest that Mainfreightdelayed paying its suppliers.
Mainfreight Days Payable Related Terms
Mainfreight Days Payable Historical Data
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The historical data trend for Mainfreight'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.
NZSE:MFT vs UPS, FDX, JBHT: Days Payable Comparison
For the Integrated Freight & Logistics subindustry, Mainfreight'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.
Mainfreight Days Payable vs Transportation Industry
For the Transportation industry and Industrials sector, Mainfreight's Days Payable distribution charts can be found below:
* The bar in red indicates where Mainfreight'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.
Mainfreight's Days Payable for the fiscal year that ended in Mar. 2026 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.
Mainfreight (NZSE:MFT) has a Days Payable of 34.11 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 Mainfreight and its competitors. This is 46% below median its historical median of 63.63. Over the past decade, Mainfreight's Days Payable has ranged from 53.00 to 68.78. According to the industry distribution chart, Mainfreight ranks #279 out of 964 companies in the Transportation industry, placing it in the top 28.9%.
Is Mainfreight's Days Payable too high?
Mainfreight's current Days Payable of 34.11 is 46% below median its 10-year median of 63.63. Over the past 10 years, this metric has ranged from a low of 53.00 to a high of 68.78. The Transportation industry median Days Payable is 39.01. Mainfreight's value of 34.11 is 12.6% below this industry median. Based on the distribution chart, Mainfreight ranks #279 out of 964 companies in the Transportation industry, which is above the industry midpoint. Overall, Mainfreight has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mainfreight's Days Payable compare to UPS and FDX?
According to the Transportation industry distribution chart, Mainfreight ranks #279 out of 964 companies for Days Payable. This puts Mainfreight in the upper half of its industry. The industry median Days Payable is 39.01. Mainfreight's value of 34.11 is 12.6% below this benchmark. Historically, Mainfreight's own Days Payable has ranged from 53.00 to 68.78 over the past decade. While the company's 10-year median is 63.63 vs. the industry median of 39.01, Mainfreight 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 Transportation company?
The median Days Payable among Transportation companies is 39.01, based on 964 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. Mainfreight's current Days Payable of 34.11 is 12.6% 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 Mainfreight and its competitors. For the Transportation industry, the median Days Payable is 39.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mainfreight's current Days Payable is 34.11, which is 46% below median its own 10-year median of 63.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mainfreight stock overvalued right now?
Based on GuruFocus' analysis, Mainfreight (NZSE:MFT) is currently considered Modestly Undervalued. The stock's GF Value™ is NZ$70.91, compared to a current price of NZ$63.68 — trading 10.2% below its estimated fair value. The current Days Payable is 34.11, which is 46% below median its 10-year median of 63.63 and 12.6% below the Transportation industry median of 39.01. Mainfreight's overall GF Score™ is 96/100 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 Mainfreight (NZSE:MFT), the current Days Payable is 34.11 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 Mainfreight (NZSE:MFT) Overvalued in 2026?
Based on GuruFocus' analysis, Mainfreight stock appears to be undervalued.
The current stock price of NZ$63.68 is trading 10.2% below its estimated GF Value™ of NZ$70.91.
GuruFocus considers Mainfreight to be Modestly Undervalued.
Key valuation signals for NZSE:MFT:
Days Payable: 34.11 (46% below median its 10-year median of 63.63)
GF Value™: NZ$70.91 vs. price of NZ$63.68 (10.2% below fair value)
Industry Position: 12.6% below the Transportation median (#279 of 964)
No single metric tells the full story. See the NZSE:MFT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mainfreight Ltd is in the supply chain logistics business. It provides the full spectrum of warehousing, Transport, and international air and ocean freight services. Geographically, it operates businesses in New Zealand, Australia, Europe, The Americas, Asia, and others.
96GF Score
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