Energoprojekt Holding a.d (XBEL:ENHL) Days Payable: 130.29 (As of Dec. 2025) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XBEL:ENHL Energoprojekt Holding a.d XBEL:ENHL
47 GF Score
Price RSD499.00
GF Value RSD303.17
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Energoprojekt Holding a.d Days Payable?

Energoprojekt Holding a.d XBEL:ENHL 47 Days Payable is 130.29 as of Dec. 2025, which is 6% above its 10-year median of 122.53. GuruFocus rates XBEL:ENHL with a GF Score™ of 47/100 and a GF Value™ of RSD303.17 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,716 Construction companies, Energoprojekt Holding a.d ranks better than 73.78% on this metric.

Energoprojekt Holding a.d's average Accounts Payable for the six months ended in Dec. 2025 was RSD2,490 Mil. Energoprojekt Holding a.d's Cost of Goods Sold for the six months ended in Dec. 2025 was RSD3,488 Mil. Hence, Energoprojekt Holding a.d's Days Payable for the six months ended in Dec. 2025 was 130.29.

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

XBEL:ENHL' s Days Payable Range Over the Past 10 Years
Min: 86.69   Med: 122.53   Max: 179.63
Current: 141.11

During the past 13 years, Energoprojekt Holding a.d's highest Days Payable was 179.63. The lowest was 86.69. And the median was 122.53.

XBEL:ENHL's Days Payable is ranked better than
73.78% of 1716 companies
in the Construction industry
Industry Median: 76.5 vs XBEL:ENHL: 141.11

Energoprojekt Holding a.d's Days Payable increased from Dec. 2024 (95.52) to Dec. 2025 (130.29). It may suggest that Energoprojekt Holding a.d delayed paying its suppliers.


Energoprojekt Holding a.d Days Payable Historical Data

* Premium members only.

The historical data trend for Energoprojekt Holding a.d'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.

Energoprojekt Holding a.d Days Payable Chart

Energoprojekt Holding a.d 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 118.98 179.63 126.07 144.38 141.53

Energoprojekt Holding a.d Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 79.11 310.32 95.52 150.99 130.29

XBEL:ENHL vs PWR, FIX, EME: Days Payable Comparison

For the Engineering & Construction subindustry, Energoprojekt Holding a.d'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.


Energoprojekt Holding a.d Days Payable vs Construction Industry

For the Construction industry and Industrials sector, Energoprojekt Holding a.d's Days Payable distribution charts can be found below:

* The bar in red indicates where Energoprojekt Holding a.d's Days Payable falls into.


XBEL:ENHL
47GF Score
Energoprojekt Holding a.d XBEL:ENHL
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Energoprojekt Holding a.d 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.

Energoprojekt Holding a.d'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
=( (3316.781 + 2231.491) / 2 ) / 7154.272*365
=2774.136 / 7154.272*365
=141.53

Energoprojekt Holding a.d's Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (2749.095 + 2231.491) / 2 ) / 3488.328*365 / 2
=2490.293 / 3488.328*365 / 2
=130.29

* 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 130.29 mean?
Energoprojekt Holding a.d (XBEL:ENHL) has a Days Payable of 130.29 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Energoprojekt Holding a.d and its competitors. This is near median its historical median of 122.53. Over the past decade, Energoprojekt Holding a.d's Days Payable has ranged from 86.69 to 179.63. According to the industry distribution chart, Energoprojekt Holding a.d ranks #450 out of 1716 companies in the Construction industry, placing it in the top 26.2%.
Is Energoprojekt Holding a.d's Days Payable too high?
Energoprojekt Holding a.d's current Days Payable of 130.29 is near median its 10-year median of 122.53. Over the past 10 years, this metric has ranged from a low of 86.69 to a high of 179.63. The Construction industry median Days Payable is 76.50. Energoprojekt Holding a.d's value of 130.29 is 70.3% above this industry median. Based on the distribution chart, Energoprojekt Holding a.d ranks #450 out of 1716 companies in the Construction industry, which is above the industry midpoint. Overall, Energoprojekt Holding a.d has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Energoprojekt Holding a.d's Days Payable compare to PWR and FIX?
According to the Construction industry distribution chart, Energoprojekt Holding a.d ranks #450 out of 1716 companies for Days Payable. This puts Energoprojekt Holding a.d in the upper half of its industry. The industry median Days Payable is 76.50. Energoprojekt Holding a.d's value of 130.29 is 70.3% above this benchmark. Historically, Energoprojekt Holding a.d's own Days Payable has ranged from 86.69 to 179.63 over the past decade. While the company's 10-year median is 122.53 vs. the industry median of 76.50, Energoprojekt Holding a.d 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 76.50, based on 1,716 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. Energoprojekt Holding a.d's current Days Payable of 130.29 is 70.3% 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 Energoprojekt Holding a.d and its competitors. For the Construction industry, the median Days Payable is 76.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Energoprojekt Holding a.d's current Days Payable is 130.29, which is near median its own 10-year median of 122.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Energoprojekt Holding a.d stock overvalued right now?
Based on GuruFocus' analysis, Energoprojekt Holding a.d (XBEL:ENHL) is currently considered Significantly Overvalued. The stock's GF Value™ is RSD303.17, compared to a current price of RSD499.00 — trading 64.6% above its estimated fair value. The current Days Payable is 130.29, which is near median its 10-year median of 122.53 and 70.3% above the Construction industry median of 76.50. Energoprojekt Holding a.d's overall GF Score™ is 47/100 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 Energoprojekt Holding a.d (XBEL:ENHL), the current Days Payable is 130.29 as of Dec. 2025. 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 Energoprojekt Holding a.d (XBEL:ENHL) Overvalued in 2026?

Based on GuruFocus' analysis, Energoprojekt Holding a.d stock appears to be overvalued. The current stock price of RSD499.00 is trading 64.6% above its estimated GF Value™ of RSD303.17. GuruFocus considers Energoprojekt Holding a.d to be Significantly Overvalued.

Key valuation signals for XBEL:ENHL:

  • Days Payable: 130.29 (near median its 10-year median of 122.53)
  • GF Value™: RSD303.17 vs. price of RSD499.00 (64.6% above fair value)
  • GF Score™: 47/100 with 4 warning signs
  • Industry Position: 70.3% above the Construction median (#450 of 1716)

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


Energoprojekt Holding a.d Business Description

Address 12 Bulevar Mihajla Pupina Street, Belgrade, SRB, 11070
Energoprojekt Holding a.d is engaged in the design, engineering, and construction; activities. The company is involved in the segments such as Planning and Research; Construction and Fitting and Others. The firm generates the majority of its revenue from the Construction and Fitting segment. The company's geographical segments are Serbia, CIS, Europe, America, Asia, and Africa. The company derives the majority of its revenue from Serbia itself.
47GF Score

Get the complete analysis for XBEL:ENHL

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

RSD499.00
Price
RSD303.17
GF Value