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.
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.
Boleron ADXBUL:BLRN 6 Days Payable is 18.81 as of Dec. 2025, which is 16% below its 10-year median of 22.29. GuruFocus rates XBUL:BLRN with a GF Score™ of 6/100. The stock has 2 warning signs investors should review. Among 2,610 Software companies, Boleron AD ranks worse than 83.91% on this metric.
Boleron AD's average Accounts Payable for the
six
months ended in Dec. 2025 was €0.03 Mil. Boleron AD's Cost of Goods Sold for the
six
months ended in Dec. 2025 was €0.29 Mil.
Hence, Boleron AD's Days Payable for the
six
months ended in Dec. 2025 was 18.81.
The historical rank and industry rank for Boleron AD's Days Payable or its related term are showing as below:
XBUL:BLRN'
s Days Payable Range Over the Past 10 Years
Min: 16.02 Med: 22.29 Max: 24.45
Current: 17.02
During the past 3 years, Boleron AD's highest Days Payable was 24.45. The lowest was 16.02. And the median was 22.29.
XBUL:BLRN's Days Payable is ranked worse than 83.91% of 2610
companies
in the Software industry
Industry Median: 52.785
vs XBUL:BLRN: 17.02
Boleron AD's Days Payable
increased
from Dec. 2024 (9.94) to Dec. 2025 (18.81).
It may suggest that Boleron ADdelayed paying its suppliers.
Boleron AD Days Payable Related Terms
Boleron AD Days Payable Historical Data
* Premium members only.
The historical data trend for Boleron AD'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.
Boleron AD Days Payable Chart
Boleron AD Annual Data
Trend
Dec23
Dec24
Dec25
Days Payable
22.29
16.02
24.45
Boleron AD Semi-Annual Data
Dec23
Jun24
Dec24
Jun25
Dec25
Days Payable
0.00
21.79
9.94
6.52
18.81
XBUL:BLRN vs UBER, SHOP, CRM: Days Payable Comparison
For the Software - Application subindustry, Boleron AD'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.
Boleron AD Days Payable vs Software Industry
For the Software industry and Technology sector, Boleron AD's Days Payable distribution charts can be found below:
* The bar in red indicates where Boleron AD'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.
Boleron AD'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.
Boleron AD (XBUL:BLRN) has a Days Payable of 18.81 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 Boleron AD and its competitors. This is 16% below median its historical median of 22.29. Over the past decade, Boleron AD's Days Payable has ranged from 16.02 to 24.45. According to the industry distribution chart, Boleron AD ranks #2190 out of 2610 companies in the Software industry, placing it in the top 83.9%.
Is Boleron AD's Days Payable too high?
Boleron AD's current Days Payable of 18.81 is 16% below median its 10-year median of 22.29. Over the past 10 years, this metric has ranged from a low of 16.02 to a high of 24.45. The Software industry median Days Payable is 52.79. Boleron AD's value of 18.81 is 64.4% below this industry median. Based on the distribution chart, Boleron AD ranks #2190 out of 2610 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Boleron AD has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.
How does Boleron AD's Days Payable compare to UBER and SHOP?
According to the Software industry distribution chart, Boleron AD ranks #2190 out of 2610 companies for Days Payable. This places Boleron AD in the lower half of its industry. The industry median Days Payable is 52.79. Boleron AD's value of 18.81 is 64.4% below this benchmark. Historically, Boleron AD's own Days Payable has ranged from 16.02 to 24.45 over the past decade. While the company's 10-year median is 22.29 vs. the industry median of 52.79, Boleron AD 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 52.79, based on 2,610 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. Boleron AD's current Days Payable of 18.81 is 64.4% 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 Boleron AD and its competitors. For the Software industry, the median Days Payable is 52.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boleron AD's current Days Payable is 18.81, which is 16% below median its own 10-year median of 22.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boleron AD stock overvalued right now?
Boleron AD (XBUL:BLRN) has a current Days Payable of 18.81. The current Days Payable is 18.81, which is 16% below median its 10-year median of 22.29 and 64.4% below the Software industry median of 52.79. Boleron AD's overall GF Score™ is 6/100 with 2 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 Boleron AD (XBUL:BLRN), the current Days Payable is 18.81 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.
Boleron AD is a software company that digitizes and automates various processes in insurance. The company is a digital insurance broker for online insurance in Bulgaria that offers Motor Casco Insurance, Civil Liability Insurance, Travel Abroad Insurance, Health Insurance, Mountain and Ski Insurance, Life Insurance (including investment) and Property Insurance, and among others.
6GF Score
Get the complete analysis for XBUL:BLRN
Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XBUL:BLRN has been successfully added to your 
