Grino Ecologic (XMAD:GRI) Days Payable: 152.14 (As of Dec. 2024)


XMAD:GRI Grino Ecologic XMAD:GRI
69 GF Score
Price €1.34
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What is Grino Ecologic Days Payable?

Grino Ecologic XMAD:GRI 69 Days Payable is 152.14 as of Dec. 2024. GuruFocus rates XMAD:GRI with a GF Score™ of 69/100.

Grino Ecologic's average Accounts Payable for the six months ended in Dec. 2024 was €13.51 Mil. Grino Ecologic's Cost of Goods Sold for the six months ended in Dec. 2024 was €16.20 Mil. Hence, Grino Ecologic's Days Payable for the six months ended in Dec. 2024 was 152.14.

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

XMAD:GRI's Days Payable is not ranked *
in the Waste Management industry.
Industry Median: 63.51
* Ranked among companies with meaningful Days Payable only.

Grino Ecologic's Days Payable declined from Dec. 2023 (177.35) to Dec. 2024 (152.14). It may suggest that Grino Ecologic accelerated paying its suppliers.

Grino Ecologic Days Payable Historical Data

* Premium members only.

The historical data trend for Grino Ecologic'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.

Grino Ecologic Days Payable Chart

Grino Ecologic Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 229.81 185.44 188.46 185.30 132.56

Grino Ecologic Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 194.93 198.22 177.35 176.09 152.14

XMAD:GRI vs WM, RSG, WCN: Days Payable Comparison

For the Waste Management subindustry, Grino Ecologic'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.

Grino Ecologic Days Payable vs Waste Management Industry

For the Waste Management industry and Industrials sector, Grino Ecologic's Days Payable distribution charts can be found below:

* The bar in red indicates where Grino Ecologic's Days Payable falls into.


XMAD:GRI
69GF Score
Grino Ecologic XMAD:GRI
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Grino Ecologic 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.

Grino Ecologic's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

Days Payable (A: Dec. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2023 ) + Accounts Payable (A: Dec. 2024 )) / count ) / Cost of Goods Sold (A: Dec. 2024 )*Days in Period
=( (13.473 + 9.835) / 2 ) / 32.089*365
=11.654 / 32.089*365
=132.56

Grino Ecologic's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

Days Payable (Q: Dec. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2024 ) + Accounts Payable (Q: Dec. 2024 )) / count ) / Cost of Goods Sold (Q: Dec. 2024 )*Days in Period
=( (17.181 + 9.835) / 2 ) / 16.204*365 / 2
=13.508 / 16.204*365 / 2
=152.14

* 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 152.14 mean?
Grino Ecologic (XMAD:GRI) has a Days Payable of 152.14 as of Dec. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Grino Ecologic and its competitors.
Is Grino Ecologic's Days Payable too high?
Grino Ecologic's current Days Payable is 152.14. The Waste Management industry median Days Payable is 63.51. Grino Ecologic's value of 152.14 is 139.6% above this industry median. Overall, Grino Ecologic has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Grino Ecologic's Days Payable compare to WM and RSG?
Grino Ecologic's Days Payable of 152.14 can be compared against companies in the Waste Management industry. The industry median Days Payable is 63.51. Grino Ecologic's value of 152.14 is 139.6% above this benchmark. 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 Waste Management company?
The median Days Payable among Waste Management companies is 63.51, based on 233 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. Grino Ecologic's current Days Payable of 152.14 is 139.6% 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 Grino Ecologic and its competitors. For the Waste Management industry, the median Days Payable is 63.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grino Ecologic's current Days Payable is 152.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grino Ecologic stock overvalued right now?
Grino Ecologic (XMAD:GRI) has a current Days Payable of 152.14. The current Days Payable is 152.14 and 139.6% above the Waste Management industry median of 63.51. Grino Ecologic's overall GF Score™ is 69/100. 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 Grino Ecologic (XMAD:GRI), the current Days Payable is 152.14 as of Dec. 2024. 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.

Grino Ecologic Business Description

Address Placa Sant Joan 10, 6th Floor, Lleida, ESP, 25007
Grino Ecologic is a group of industrial companies which focuses on environmental services and green energy generation. The company operates in environmental services, waste treatment, energy, and construction.
69GF Score

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

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