Cenit AGWBO:CSH -1.59%77 Days Payable is 20.93 as of Mar. 2026, which is 11% above its 10-year median of 18.78. GuruFocus rates WBO:CSH with a GF Score™ of 77/100 and a GF Value™ of €9.63. The stock has 7 warning signs investors should review. Among 2,602 Software companies, Cenit AG ranks worse than 82.4% on this metric.
Cenit AG's average Accounts Payable for the
three
months ended in Mar. 2026 was €10.0 Mil. Cenit AG's Cost of Goods Sold for the
three
months ended in Mar. 2026 was €43.8 Mil.
Hence, Cenit AG's Days Payable for the
three
months ended in Mar. 2026 was 20.93.
The historical rank and industry rank for Cenit AG's Days Payable or its related term are showing as below:
WBO:CSH'
s Days Payable Range Over the Past 10 Years
Min: 12.21 Med: 18.78 Max: 31.47
Current: 18.39
During the past 13 years, Cenit AG's highest Days Payable was 31.47. The lowest was 12.21. And the median was 18.78.
WBO:CSH's Days Payable is ranked worse than 82.4% of 2602
companies
in the Software industry
Industry Median: 53.955
vs WBO:CSH: 18.39
Cenit AG's Days Payable
increased
from Mar. 2025 (14.84) to Mar. 2026 (20.93).
It may suggest that Cenit AGdelayed paying its suppliers.
Cenit AG Days Payable Related Terms
Cenit AG Days Payable Historical Data
* Premium members only.
The historical data trend for Cenit AG'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.
WBO:CSH vs CRM, SHOP, UBER: Days Payable Comparison
For the Software - Application subindustry, Cenit AG'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.
Cenit AG Days Payable vs Software Industry
For the Software industry and Technology sector, Cenit AG's Days Payable distribution charts can be found below:
* The bar in red indicates where Cenit AG'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.
Cenit AG'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.
Cenit AG (WBO:CSH) has a Days Payable of 20.93 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 Cenit AG and its competitors. This is 11% above median its historical median of 18.78. Over the past decade, Cenit AG's Days Payable has ranged from 12.21 to 31.47. According to the industry distribution chart, Cenit AG ranks #2144 out of 2602 companies in the Software industry, placing it in the top 82.4%.
Is Cenit AG's Days Payable too high?
Cenit AG's current Days Payable of 20.93 is 11% above median its 10-year median of 18.78. Over the past 10 years, this metric has ranged from a low of 12.21 to a high of 31.47. The Software industry median Days Payable is 53.96. Cenit AG's value of 20.93 is 61.2% below this industry median. Based on the distribution chart, Cenit AG ranks #2144 out of 2602 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Cenit AG has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Cenit AG's Days Payable compare to CRM and SHOP?
According to the Software industry distribution chart, Cenit AG ranks #2144 out of 2602 companies for Days Payable. This places Cenit AG in the lower half of its industry. The industry median Days Payable is 53.96. Cenit AG's value of 20.93 is 61.2% below this benchmark. Historically, Cenit AG's own Days Payable has ranged from 12.21 to 31.47 over the past decade. While the company's 10-year median is 18.78 vs. the industry median of 53.96, Cenit AG 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 Software company?
The median Days Payable among Software companies is 53.96, based on 2,602 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. Cenit AG's current Days Payable of 20.93 is 61.2% 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 Cenit AG and its competitors. For the Software industry, the median Days Payable is 53.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cenit AG's current Days Payable is 20.93, which is 11% above median its own 10-year median of 18.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cenit AG stock overvalued right now?
Cenit AG (WBO:CSH) has a current Days Payable of 20.93. The stock's GF Value™ is €9.63, compared to a current price of €8.68 — trading 9.9% below its estimated fair value. The current Days Payable is 20.93, which is 11% above median its 10-year median of 18.78 and 61.2% below the Software industry median of 53.96. Cenit AG's overall GF Score™ is 77/100 with 7 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 Cenit AG (WBO:CSH), the current Days Payable is 20.93 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 Cenit AG (WBO:CSH) Overvalued in 2026?
Based on GuruFocus' analysis, Cenit AG stock appears to be undervalued.
The current stock price of €8.68 is trading 9.9% below its estimated GF Value™ of €9.63.
Key valuation signals for WBO:CSH:
Days Payable: 20.93 (11% above median its 10-year median of 18.78)
GF Value™: €9.63 vs. price of €8.68 (9.9% below fair value)
Industry Position: 61.2% below the Software median (#2144 of 2602)
No single metric tells the full story. See the WBO:CSH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cenit AG specializes in the sale and integration of software and IT services. The Group has two reportable segments: EIM (Enterprise Information Management) and PLM (Product Lifecycle Management). The majority of its revenue is generated from the PLM segment, which focuses on industrial customers and the corresponding technologies, providing products and services in product lifecycle management, such as CATIA from Dassault Systemes or SAP, and internally developed software such as cenitCONNECT and FASTSUITE. The EIM segment serves businesses, banks, insurers, and utilities by providing IBM-based and in-house software solutions and consulting for document management and business intelligence. Geographically, it derives key revenue from Germany, followed by France, North America, and others.
77GF Score
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