HAV Group ASA (OSL:HAV) Days Payable: 38.19 (As of Mar. 2026) — 29% Below Median


OSL:HAV HAV Group ASA OSL:HAV
63 GF Score
Price kr13.50
GF Value kr12.47
Valuation Fairly Valued
! 4 Warning Signs
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What is HAV Group ASA Days Payable?

HAV Group ASA OSL:HAV 63 Days Payable is 38.19 as of Mar. 2026, which is 29% below its 10-year median of 53.57. GuruFocus rates OSL:HAV with a GF Score™ of 63/100 and a GF Value™ of kr12.47 (Fairly Valued). The stock has 4 warning signs investors should review. Among 964 Transportation companies, HAV Group ASA ranks worse than 54.05% on this metric.

HAV Group ASA's average Accounts Payable for the three months ended in Mar. 2026 was kr83.8 Mil. HAV Group ASA's Cost of Goods Sold for the three months ended in Mar. 2026 was kr200.3 Mil. Hence, HAV Group ASA's Days Payable for the three months ended in Mar. 2026 was 38.19.

The historical rank and industry rank for HAV Group ASA's Days Payable or its related term are showing as below:

OSL:HAV' s Days Payable Range Over the Past 10 Years
Min: 28.85   Med: 53.57   Max: 160.49
Current: 36.1

During the past 9 years, HAV Group ASA's highest Days Payable was 160.49. The lowest was 28.85. And the median was 53.57.

OSL:HAV's Days Payable is ranked worse than
54.05% of 964 companies
in the Transportation industry
Industry Median: 39.01 vs OSL:HAV: 36.10

HAV Group ASA's Days Payable declined from Mar. 2025 (48.43) to Mar. 2026 (38.19). It may suggest that HAV Group ASA accelerated paying its suppliers.


HAV Group ASA Days Payable Historical Data

* Premium members only.

The historical data trend for HAV Group ASA'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.

HAV Group ASA Days Payable Chart

HAV Group ASA Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only 79.41 31.71 28.85 34.92 50.96

HAV Group ASA 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 48.43 35.14 44.51 35.98 38.19

HAV Group ASA Days Payable Competitor Comparison

For the Marine Shipping subindustry, HAV Group ASA'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.


HAV Group ASA Days Payable vs Transportation Industry

For the Transportation industry and Industrials sector, HAV Group ASA's Days Payable distribution charts can be found below:

* The bar in red indicates where HAV Group ASA's Days Payable falls into.


OSL:HAV
63GF Score
HAV Group ASA OSL:HAV
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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HAV Group ASA 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.

HAV Group ASA'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
=( (89.315 + 99.532) / 2 ) / 676.342*365
=94.4235 / 676.342*365
=50.96

HAV Group ASA'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
=( (99.532 + 68.153) / 2 ) / 200.33*365 / 4
=83.8425 / 200.33*365 / 4
=38.19

* 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 38.19 mean?
HAV Group ASA (OSL:HAV) has a Days Payable of 38.19 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 HAV Group ASA and its competitors. This is 29% below median its historical median of 53.57. Over the past decade, HAV Group ASA's Days Payable has ranged from 28.85 to 160.49. According to the industry distribution chart, HAV Group ASA ranks #521 out of 964 companies in the Transportation industry, placing it in the top 54%.
Is HAV Group ASA's Days Payable too high?
HAV Group ASA's current Days Payable of 38.19 is 29% below median its 10-year median of 53.57. Over the past 10 years, this metric has ranged from a low of 28.85 to a high of 160.49. The Transportation industry median Days Payable is 39.01. HAV Group ASA's value of 38.19 is 2.1% below this industry median. Based on the distribution chart, HAV Group ASA ranks #521 out of 964 companies in the Transportation industry, which is below the industry midpoint. Overall, HAV Group ASA has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does HAV Group ASA's Days Payable compare to competitors?
According to the Transportation industry distribution chart, HAV Group ASA ranks #521 out of 964 companies for Days Payable. This places HAV Group ASA in the lower half of its industry. The industry median Days Payable is 39.01. HAV Group ASA's value of 38.19 is 2.1% below this benchmark. Historically, HAV Group ASA's own Days Payable has ranged from 28.85 to 160.49 over the past decade. While the company's 10-year median is 53.57 vs. the industry median of 39.01, HAV Group ASA 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. HAV Group ASA's current Days Payable of 38.19 is 2.1% 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 HAV Group ASA 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. HAV Group ASA's current Days Payable is 38.19, which is 29% below median its own 10-year median of 53.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HAV Group ASA stock overvalued right now?
Based on GuruFocus' analysis, HAV Group ASA (OSL:HAV) is currently considered Fairly Valued. The stock's GF Value™ is kr12.47, compared to a current price of kr13.50 — trading 8.3% above its estimated fair value. The current Days Payable is 38.19, which is 29% below median its 10-year median of 53.57 and 2.1% below the Transportation industry median of 39.01. HAV Group ASA's overall GF Score™ is 63/100 with 4 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 HAV Group ASA (OSL:HAV), the current Days Payable is 38.19 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 HAV Group ASA (OSL:HAV) Overvalued in 2026?

Based on GuruFocus' analysis, HAV Group ASA stock appears to be overvalued. The current stock price of kr13.50 is trading 8.3% above its estimated GF Value™ of kr12.47. GuruFocus considers HAV Group ASA to be Fairly Valued.

Key valuation signals for OSL:HAV:

  • Days Payable: 38.19 (29% below median its 10-year median of 53.57)
  • GF Value™: kr12.47 vs. price of kr13.50 (8.3% above fair value)
  • GF Score™: 63/100 with 4 warning signs
  • Industry Position: 2.1% below the Transportation median (#521 of 964)

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


HAV Group ASA Business Description

Other Exchanges 6HH:Germany
Address Holmefjordvegen 1, Fosnavag, NOR, 6090
HAV Group ASA is a provider of solutions and technology to the marine and maritime industries. The group's vision is to contribute to the green shift through solutions and high-end products for the ocean industries. The Group's main activities are: HAV Design, i.e., providing ship design and system packages for offshore, transport, and fishing vessels; Norwegian Electric Systems, i.e., specializing in design, engineering, and installation of electric systems and delivery of control and automation systems for ships; Norwegian Greentech, i.e., specializing in the delivery of ballast water treatment systems. HAV Hydrogen, i.e., delivers complete and scalable hydrogen systems that are designed for operation in heavy seas. Other/Elimination includes intercompany and the mother company.
63GF Score

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

kr13.50
Price
kr12.47
GF Value