HorticoWAR:HOR +2.76%89 Days Payable is 103.29 as of Mar. 2026, which is 15% below its 10-year median of 120.84. GuruFocus rates WAR:HOR with a GF Score™ of 89/100 and a GF Value™ of zł7.00 (Fairly Valued). The stock has 5 warning signs investors should review. Among 153 Industrial Distribution companies, Hortico ranks better than 86.27% on this metric.
Hortico's average Accounts Payable for the
three
months ended in Mar. 2026 was zł48.8 Mil. Hortico's Cost of Goods Sold for the
three
months ended in Mar. 2026 was zł43.1 Mil.
Hence, Hortico's Days Payable for the
three
months ended in Mar. 2026 was 103.29.
The historical rank and industry rank for Hortico's Days Payable or its related term are showing as below:
WAR:HOR'
s Days Payable Range Over the Past 10 Years
Min: 102.08 Med: 120.84 Max: 133.91
Current: 102.08
During the past 13 years, Hortico's highest Days Payable was 133.91. The lowest was 102.08. And the median was 120.84.
WAR:HOR's Days Payable is ranked better than 86.27% of 153
companies
in the Industrial Distribution industry
Industry Median: 56.57
vs WAR:HOR: 102.08
Hortico's Days Payable
increased
from Mar. 2025 (97.74) to Mar. 2026 (103.29).
It may suggest that Horticodelayed paying its suppliers.
Hortico Days Payable Related Terms
Hortico Days Payable Historical Data
* Premium members only.
The historical data trend for Hortico'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.
WAR:HOR vs GWW, FAST, FERG: Days Payable Comparison
For the Industrial Distribution subindustry, Hortico'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.
Hortico Days Payable vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Hortico's Days Payable distribution charts can be found below:
* The bar in red indicates where Hortico'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.
Hortico'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.
Hortico (WAR:HOR) has a Days Payable of 103.29 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 Hortico and its competitors. This is 15% below median its historical median of 120.84. Over the past decade, Hortico's Days Payable has ranged from 102.08 to 133.91. According to the industry distribution chart, Hortico ranks #21 out of 153 companies in the Industrial Distribution industry, placing it in the top 13.7%.
Is Hortico's Days Payable too high?
Hortico's current Days Payable of 103.29 is 15% below median its 10-year median of 120.84. Over the past 10 years, this metric has ranged from a low of 102.08 to a high of 133.91. The Industrial Distribution industry median Days Payable is 56.57. Hortico's value of 103.29 is 82.6% above this industry median. Based on the distribution chart, Hortico ranks #21 out of 153 companies in the Industrial Distribution industry, which is in the top quartile — a strong position relative to peers. Overall, Hortico has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hortico's Days Payable compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Hortico ranks #21 out of 153 companies for Days Payable. This places Hortico in the top 14% of its industry — outperforming the majority of peers. The industry median Days Payable is 56.57. Hortico's value of 103.29 is 82.6% above this benchmark. Historically, Hortico's own Days Payable has ranged from 102.08 to 133.91 over the past decade. While the company's 10-year median is 120.84 vs. the industry median of 56.57, Hortico 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 Industrial Distribution company?
The median Days Payable among Industrial Distribution companies is 56.57, based on 153 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. Hortico's current Days Payable of 103.29 is 82.6% 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 Hortico and its competitors. For the Industrial Distribution industry, the median Days Payable is 56.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hortico's current Days Payable is 103.29, which is 15% below median its own 10-year median of 120.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hortico stock overvalued right now?
Based on GuruFocus' analysis, Hortico (WAR:HOR) is currently considered Fairly Valued. The stock's GF Value™ is zł7.00, compared to a current price of zł7.45 — trading 6.4% above its estimated fair value. The current Days Payable is 103.29, which is 15% below median its 10-year median of 120.84 and 82.6% above the Industrial Distribution industry median of 56.57. Hortico's overall GF Score™ is 89/100 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 Hortico (WAR:HOR), the current Days Payable is 103.29 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 Hortico (WAR:HOR) Overvalued in 2026?
Based on GuruFocus' analysis, Hortico stock appears to be overvalued.
The current stock price of zł7.45 is trading 6.4% above its estimated GF Value™ of zł7.00.
GuruFocus considers Hortico to be Fairly Valued.
Key valuation signals for WAR:HOR:
Days Payable: 103.29 (15% below median its 10-year median of 120.84)
GF Value™: zł7.00 vs. price of zł7.45 (6.4% above fair value)
Industry Position: 82.6% above the Industrial Distribution median (#21 of 153)
No single metric tells the full story. See the WAR:HOR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hortico SA operates on the wholesale and retail sale of gardening articles. The company offers a wide range of goods, seeds and cuttings, fertilizers, garden substrates, biological protection agents, films and nonwovens, plant protection products, gardening equipment, garden tools and nursery articles. It works with suppliers from all over Europe and sells in Poland, Russia, Portugal, Hungary, Ukraine and Belarus.
89GF Score
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