ENCE Energia y Celulosa (XMAD:ENC) Days Payable: 198.76 (As of Mar. 2026) — 16% Above Median


XMAD:ENC ENCE Energia y Celulosa SA XMAD:ENC
60 GF Score
Price €2.29
GF Value €2.51
Valuation Fairly Valued
! 4 Warning Signs
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What is ENCE Energia y Celulosa Days Payable?

ENCE Energia y Celulosa XMAD:ENC +0.44% 60 Days Payable is 198.76 as of Mar. 2026, which is 16% above its 10-year median of 170.62. GuruFocus rates XMAD:ENC with a GF Score™ of 60/100 and a GF Value™ of €2.51 (Fairly Valued). The stock has 4 warning signs investors should review. Among 276 Forest Products companies, ENCE Energia y Celulosa ranks better than 91.3% on this metric.

ENCE Energia y Celulosa's average Accounts Payable for the three months ended in Mar. 2026 was €195.6 Mil. ENCE Energia y Celulosa's Cost of Goods Sold for the three months ended in Mar. 2026 was €89.8 Mil. Hence, ENCE Energia y Celulosa's Days Payable for the three months ended in Mar. 2026 was 198.76.

The historical rank and industry rank for ENCE Energia y Celulosa's Days Payable or its related term are showing as below:

XMAD:ENC' s Days Payable Range Over the Past 10 Years
Min: 154.61   Med: 170.62   Max: 252.04
Current: 199.7

During the past 13 years, ENCE Energia y Celulosa's highest Days Payable was 252.04. The lowest was 154.61. And the median was 170.62.

XMAD:ENC's Days Payable is ranked better than
91.3% of 276 companies
in the Forest Products industry
Industry Median: 57.93 vs XMAD:ENC: 199.70

ENCE Energia y Celulosa's Days Payable increased from Mar. 2025 (192.58) to Mar. 2026 (198.76). It may suggest that ENCE Energia y Celulosa delayed paying its suppliers.


ENCE Energia y Celulosa Days Payable Historical Data

* Premium members only.

The historical data trend for ENCE Energia y Celulosa'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.

ENCE Energia y Celulosa Days Payable Chart

ENCE Energia y Celulosa 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 188.59 252.04 214.41 171.82 159.41

ENCE Energia y Celulosa 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 192.58 174.11 198.12 217.33 198.76

ENCE Energia y Celulosa Days Payable Competitor Comparison

For the Paper & Paper Products subindustry, ENCE Energia y Celulosa'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.


ENCE Energia y Celulosa Days Payable vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, ENCE Energia y Celulosa's Days Payable distribution charts can be found below:

* The bar in red indicates where ENCE Energia y Celulosa's Days Payable falls into.


XMAD:ENC
60GF Score
ENCE Energia y Celulosa SA XMAD:ENC
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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ENCE Energia y Celulosa 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.

ENCE Energia y Celulosa'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
=( (182.686 + 168.807) / 2 ) / 402.415*365
=175.7465 / 402.415*365
=159.41

ENCE Energia y Celulosa'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
=( (168.807 + 222.4) / 2 ) / 89.8*365 / 4
=195.6035 / 89.8*365 / 4
=198.76

* 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 198.76 mean?
ENCE Energia y Celulosa (XMAD:ENC) has a Days Payable of 198.76 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 ENCE Energia y Celulosa and its competitors. This is 16% above median its historical median of 170.62. Over the past decade, ENCE Energia y Celulosa's Days Payable has ranged from 154.61 to 252.04. According to the industry distribution chart, ENCE Energia y Celulosa ranks #24 out of 276 companies in the Forest Products industry, placing it in the top 8.7%.
Is ENCE Energia y Celulosa's Days Payable too high?
ENCE Energia y Celulosa's current Days Payable of 198.76 is 16% above median its 10-year median of 170.62. Over the past 10 years, this metric has ranged from a low of 154.61 to a high of 252.04. The Forest Products industry median Days Payable is 57.93. ENCE Energia y Celulosa's value of 198.76 is 243.1% above this industry median. Based on the distribution chart, ENCE Energia y Celulosa ranks #24 out of 276 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, ENCE Energia y Celulosa has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ENCE Energia y Celulosa's Days Payable compare to competitors?
According to the Forest Products industry distribution chart, ENCE Energia y Celulosa ranks #24 out of 276 companies for Days Payable. This places ENCE Energia y Celulosa in the top 9% of its industry — outperforming the majority of peers. The industry median Days Payable is 57.93. ENCE Energia y Celulosa's value of 198.76 is 243.1% above this benchmark. Historically, ENCE Energia y Celulosa's own Days Payable has ranged from 154.61 to 252.04 over the past decade. While the company's 10-year median is 170.62 vs. the industry median of 57.93, ENCE Energia y Celulosa 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 Forest Products company?
The median Days Payable among Forest Products companies is 57.93, based on 276 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. ENCE Energia y Celulosa's current Days Payable of 198.76 is 243.1% 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 ENCE Energia y Celulosa and its competitors. For the Forest Products industry, the median Days Payable is 57.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ENCE Energia y Celulosa's current Days Payable is 198.76, which is 16% above median its own 10-year median of 170.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ENCE Energia y Celulosa stock overvalued right now?
Based on GuruFocus' analysis, ENCE Energia y Celulosa (XMAD:ENC) is currently considered Fairly Valued. The stock's GF Value™ is €2.51, compared to a current price of €2.29 — trading 8.8% below its estimated fair value. The current Days Payable is 198.76, which is 16% above median its 10-year median of 170.62 and 243.1% above the Forest Products industry median of 57.93. ENCE Energia y Celulosa's overall GF Score™ is 60/100 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 ENCE Energia y Celulosa (XMAD:ENC), the current Days Payable is 198.76 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 ENCE Energia y Celulosa (XMAD:ENC) Overvalued in 2026?

Based on GuruFocus' analysis, ENCE Energia y Celulosa stock appears to be undervalued. The current stock price of €2.29 is trading 8.8% below its estimated GF Value™ of €2.51. GuruFocus considers ENCE Energia y Celulosa to be Fairly Valued.

Key valuation signals for XMAD:ENC:

  • Days Payable: 198.76 (16% above median its 10-year median of 170.62)
  • GF Value™: €2.51 vs. price of €2.29 (8.8% below fair value)
  • GF Score™: 60/100 with 4 warning signs
  • Industry Position: 243.1% above the Forest Products median (#24 of 276)

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


ENCE Energia y Celulosa Business Description

Other Exchanges 0K96:UKENCA:Germany
Address Estebanez Calderon 3-5, 2nd floor, Madrid, ESP, 28020
ENCE Energia y Celulosa SA produces and sells pulp. The company has two segments namely ENCE Pulp and ENCE Renewables. ENCE Pulp segment includes pulp production and sale activities. ENCE Renewables segment involves Biomass, Biomethane, and production of renewable industrial heat.
60GF Score

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

€2.29
Price
€2.51
GF Value