Kernel Holding (WAR:KER) Days Payable: 12.89 (As of Mar. 2026) — 19% Above Median


WAR:KER Kernel Holding SA WAR:KER
64 GF Score
Price zł19.50
GF Value zł13.23
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Kernel Holding Days Payable?

Kernel Holding WAR:KER -0.10% 64 Days Payable is 12.89 as of Mar. 2026, which is 19% above its 10-year median of 10.87. GuruFocus rates WAR:KER with a GF Score™ of 64/100 and a GF Value™ of zł13.23 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 302 Retail - Defensive companies, Kernel Holding ranks worse than 93.38% on this metric.

Kernel Holding's average Accounts Payable for the three months ended in Mar. 2026 was zł514 Mil. Kernel Holding's Cost of Goods Sold for the three months ended in Mar. 2026 was zł3,643 Mil. Hence, Kernel Holding's Days Payable for the three months ended in Mar. 2026 was 12.89.

The historical rank and industry rank for Kernel Holding's Days Payable or its related term are showing as below:

WAR:KER' s Days Payable Range Over the Past 10 Years
Min: 8.26   Med: 10.87   Max: 20.71
Current: 13.52

During the past 13 years, Kernel Holding's highest Days Payable was 20.71. The lowest was 8.26. And the median was 10.87.

WAR:KER's Days Payable is ranked worse than
93.38% of 302 companies
in the Retail - Defensive industry
Industry Median: 43.31 vs WAR:KER: 13.52

Kernel Holding's Days Payable increased from Mar. 2025 (11.36) to Mar. 2026 (12.89). It may suggest that Kernel Holding delayed paying its suppliers.


Kernel Holding Days Payable Historical Data

* Premium members only.

The historical data trend for Kernel Holding'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.

Kernel Holding Days Payable Chart

Kernel Holding Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.25 12.14 20.71 16.88 11.22

Kernel Holding 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 11.36 12.27 16.51 11.35 12.89

WAR:KER vs SYY, USFD, PFGC: Days Payable Comparison

For the Food Distribution subindustry, Kernel Holding'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.


Kernel Holding Days Payable vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Kernel Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Kernel Holding's Days Payable falls into.


WAR:KER
64GF Score
Kernel Holding SA WAR:KER
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Kernel Holding 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.

Kernel Holding's Days Payable for the fiscal year that ended in Jun. 2025 is calculated as

Days Payable (A: Jun. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2024 ) + Accounts Payable (A: Jun. 2025 )) / count ) / Cost of Goods Sold (A: Jun. 2025 )*Days in Period
=( (412.39 + 407.411) / 2 ) / 13335.893*365
=409.9005 / 13335.893*365
=11.22

Kernel Holding'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
=( (410.652 + 618.246) / 2 ) / 3642.981*365 / 4
=514.449 / 3642.981*365 / 4
=12.89

* 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 12.89 mean?
Kernel Holding (WAR:KER) has a Days Payable of 12.89 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 Kernel Holding and its competitors. This is 19% above median its historical median of 10.87. Over the past decade, Kernel Holding's Days Payable has ranged from 8.26 to 20.71. According to the industry distribution chart, Kernel Holding ranks #282 out of 302 companies in the Retail - Defensive industry, placing it in the top 93.4%.
Is Kernel Holding's Days Payable too high?
Kernel Holding's current Days Payable of 12.89 is 19% above median its 10-year median of 10.87. Over the past 10 years, this metric has ranged from a low of 8.26 to a high of 20.71. The Retail - Defensive industry median Days Payable is 43.31. Kernel Holding's value of 12.89 is 70.2% below this industry median. Based on the distribution chart, Kernel Holding ranks #282 out of 302 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, Kernel Holding has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kernel Holding's Days Payable compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Kernel Holding ranks #282 out of 302 companies for Days Payable. This places Kernel Holding in the lower half of its industry. The industry median Days Payable is 43.31. Kernel Holding's value of 12.89 is 70.2% below this benchmark. Historically, Kernel Holding's own Days Payable has ranged from 8.26 to 20.71 over the past decade. While the company's 10-year median is 10.87 vs. the industry median of 43.31, Kernel Holding 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 Retail - Defensive company?
The median Days Payable among Retail - Defensive companies is 43.31, based on 302 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. Kernel Holding's current Days Payable of 12.89 is 70.2% 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 Kernel Holding and its competitors. For the Retail - Defensive industry, the median Days Payable is 43.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kernel Holding's current Days Payable is 12.89, which is 19% above median its own 10-year median of 10.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kernel Holding stock overvalued right now?
Based on GuruFocus' analysis, Kernel Holding (WAR:KER) is currently considered Significantly Overvalued. The stock's GF Value™ is zł13.23, compared to a current price of zł19.50 — trading 47.4% above its estimated fair value. The current Days Payable is 12.89, which is 19% above median its 10-year median of 10.87 and 70.2% below the Retail - Defensive industry median of 43.31. Kernel Holding's overall GF Score™ is 64/100 with 1 warning sign 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 Kernel Holding (WAR:KER), the current Days Payable is 12.89 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 Kernel Holding (WAR:KER) Overvalued in 2026?

Based on GuruFocus' analysis, Kernel Holding stock appears to be overvalued. The current stock price of zł19.50 is trading 47.4% above its estimated GF Value™ of zł13.23. GuruFocus considers Kernel Holding to be Significantly Overvalued.

Key valuation signals for WAR:KER:

  • Days Payable: 12.89 (19% above median its 10-year median of 10.87)
  • GF Value™: zł13.23 vs. price of zł19.50 (47.4% above fair value)
  • GF Score™: 64/100 with 1 warning sign
  • Industry Position: 70.2% below the Retail - Defensive median (#282 of 302)

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


Kernel Holding Business Description

Other Exchanges KARNF:USA0KE:Germany
Address 3 Tarasa Shevchenka Lane, Kyiv, UKR, 01001
Kernel Holding SA is an investment holding company. The company's segment includes Oilseed Processing; Infrastructure and Trading and Farming. It generates maximum revenue from the Infrastructure and Trading segment. The Infrastructure and Trading segment includes sourcing and merchandising of wholesale edible oils, grain, provision of silo services, grain handling and transshipment services.
64GF Score

Get the complete analysis for WAR:KER

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

zł19.50
Price
zł13.23
GF Value