PJP Makrum (WAR:PJP) Days Payable: 98.78 (As of Mar. 2026) — 46% Above Median


WAR:PJP PJP Makrum SA WAR:PJP
74 GF Score
Price zł19.00
GF Value zł17.25
Valuation Fairly Valued
! 14 Warning Signs
View Full Analysis

What is PJP Makrum Days Payable?

PJP Makrum WAR:PJP +0.53% 74 Days Payable is 98.78 as of Mar. 2026, which is 46% above its 10-year median of 67.67. GuruFocus rates WAR:PJP with a GF Score™ of 74/100 and a GF Value™ of zł17.25 (Fairly Valued). The stock has 14 warning signs investors should review. Among 1,708 Construction companies, PJP Makrum ranks better than 50.06% on this metric.

PJP Makrum's average Accounts Payable for the three months ended in Mar. 2026 was zł72.8 Mil. PJP Makrum's Cost of Goods Sold for the three months ended in Mar. 2026 was zł67.2 Mil. Hence, PJP Makrum's Days Payable for the three months ended in Mar. 2026 was 98.78.

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

WAR:PJP' s Days Payable Range Over the Past 10 Years
Min: 56.31   Med: 67.67   Max: 101.71
Current: 76.72

During the past 13 years, PJP Makrum's highest Days Payable was 101.71. The lowest was 56.31. And the median was 67.67.

WAR:PJP's Days Payable is ranked better than
50.06% of 1708 companies
in the Construction industry
Industry Median: 76.635 vs WAR:PJP: 76.72

PJP Makrum's Days Payable increased from Mar. 2025 (69.13) to Mar. 2026 (98.78). It may suggest that PJP Makrum delayed paying its suppliers.


PJP Makrum Days Payable Historical Data

* Premium members only.

The historical data trend for PJP Makrum'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.

PJP Makrum Days Payable Chart

PJP Makrum Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 78.78 56.31 64.23 62.79 64.52

PJP Makrum 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 69.13 82.91 72.13 72.97 98.78

WAR:PJP vs PWR, FIX, EME: Days Payable Comparison

For the Engineering & Construction subindustry, PJP Makrum'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.


PJP Makrum Days Payable vs Construction Industry

For the Construction industry and Industrials sector, PJP Makrum's Days Payable distribution charts can be found below:

* The bar in red indicates where PJP Makrum's Days Payable falls into.


WAR:PJP
74GF Score
PJP Makrum SA WAR:PJP
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PJP Makrum 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.

PJP Makrum'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
=( (63.969 + 78.143) / 2 ) / 401.975*365
=71.056 / 401.975*365
=64.52

PJP Makrum'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
=( (78.143 + 67.364) / 2 ) / 67.206*365 / 4
=72.7535 / 67.206*365 / 4
=98.78

* 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 98.78 mean?
PJP Makrum (WAR:PJP) has a Days Payable of 98.78 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 PJP Makrum and its competitors. This is 46% above median its historical median of 67.67. Over the past decade, PJP Makrum's Days Payable has ranged from 56.31 to 101.71. According to the industry distribution chart, PJP Makrum ranks #853 out of 1708 companies in the Construction industry, placing it in the top 49.9%.
Is PJP Makrum's Days Payable too high?
PJP Makrum's current Days Payable of 98.78 is 46% above median its 10-year median of 67.67. Over the past 10 years, this metric has ranged from a low of 56.31 to a high of 101.71. The Construction industry median Days Payable is 76.64. PJP Makrum's value of 98.78 is 28.9% above this industry median. Based on the distribution chart, PJP Makrum ranks #853 out of 1708 companies in the Construction industry, which is above the industry midpoint. Overall, PJP Makrum has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PJP Makrum's Days Payable compare to PWR and FIX?
According to the Construction industry distribution chart, PJP Makrum ranks #853 out of 1708 companies for Days Payable. This puts PJP Makrum in the upper half of its industry. The industry median Days Payable is 76.64. PJP Makrum's value of 98.78 is 28.9% above this benchmark. Historically, PJP Makrum's own Days Payable has ranged from 56.31 to 101.71 over the past decade. While the company's 10-year median is 67.67 vs. the industry median of 76.64, PJP Makrum 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 a Construction company?
The median Days Payable among Construction companies is 76.64, based on 1,708 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. PJP Makrum's current Days Payable of 98.78 is 28.9% 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 PJP Makrum and its competitors. For the Construction industry, the median Days Payable is 76.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PJP Makrum's current Days Payable is 98.78, which is 46% above median its own 10-year median of 67.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PJP Makrum stock overvalued right now?
Based on GuruFocus' analysis, PJP Makrum (WAR:PJP) is currently considered Fairly Valued. The stock's GF Value™ is zł17.25, compared to a current price of zł19.00 — trading 10.1% above its estimated fair value. The current Days Payable is 98.78, which is 46% above median its 10-year median of 67.67 and 28.9% above the Construction industry median of 76.64. PJP Makrum's overall GF Score™ is 74/100 with 14 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 PJP Makrum (WAR:PJP), the current Days Payable is 98.78 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 PJP Makrum (WAR:PJP) Overvalued in 2026?

Based on GuruFocus' analysis, PJP Makrum stock appears to be overvalued. The current stock price of zł19.00 is trading 10.1% above its estimated GF Value™ of zł17.25. GuruFocus considers PJP Makrum to be Fairly Valued.

Key valuation signals for WAR:PJP:

  • Days Payable: 98.78 (46% above median its 10-year median of 67.67)
  • GF Value™: zł17.25 vs. price of zł19.00 (10.1% above fair value)
  • GF Score™: 74/100 with 14 warning signs
  • Industry Position: 28.9% above the Construction median (#853 of 1708)

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


PJP Makrum Business Description

Address Plac Koscieleckich 3, Bydgoszcz, POL, 85-033
PJP Makrum SA operates in three areas. The first consists of the production of steel structures for the energy and chemical industries and environmental protection. The second segment focuses on commercial construction (industrial facilities, warehouses, and retail space). The third activity is docking solutions.
74GF Score

Get the complete analysis for WAR:PJP

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

zł19.00
Price
zł17.25
GF Value