Granit AD (XMAE:GRNT) Days Payable: 1,375.53 (As of Mar. 2025)

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.

XMAE:GRNT Granit AD XMAE:GRNT
59 GF Score
Price MKD1,500.00
View Full Analysis

What is Granit AD Days Payable?

Granit AD XMAE:GRNT 59 Days Payable is 1,375.53 as of Mar. 2025. GuruFocus rates XMAE:GRNT with a GF Score™ of 59/100.

Granit AD's average Accounts Payable for the three months ended in Mar. 2025 was MKD873 Mil. Granit AD's Cost of Goods Sold for the three months ended in Mar. 2025 was MKD58 Mil. Hence, Granit AD's Days Payable for the three months ended in Mar. 2025 was 1,375.53.

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

XMAE:GRNT's Days Payable is not ranked *
in the Construction industry.
Industry Median: 76.41
* Ranked among companies with meaningful Days Payable only.

Granit AD's Days Payable increased from Mar. 2024 (477.13) to Mar. 2025 (1,375.53). It may suggest that Granit AD delayed paying its suppliers.

Granit AD Days Payable Historical Data

* Premium members only.

The historical data trend for Granit 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.

Granit AD Days Payable Chart

Granit AD 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 192.72 159.74 142.21 124.26 170.47

Granit AD Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 477.13 758.69 729.12 48.99 1,375.53

XMAE:GRNT vs PWR, FIX, EME: Days Payable Comparison

For the Engineering & Construction subindustry, Granit 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.

Granit AD Days Payable vs Construction Industry

For the Construction industry and Industrials sector, Granit AD's Days Payable distribution charts can be found below:

* The bar in red indicates where Granit AD's Days Payable falls into.


XMAE:GRNT
59GF Score
Granit AD XMAE:GRNT
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Granit AD 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.

Granit AD'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
=( (1266.556 + 873.135) / 2 ) / 2290.674*365
=1069.8455 / 2290.674*365
=170.47

Granit AD's Days Payable for the quarter that ended in Mar. 2025 is calculated as:

Days Payable (Q: Mar. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2024 ) + Accounts Payable (Q: Mar. 2025 )) / count ) / Cost of Goods Sold (Q: Mar. 2025 )*Days in Period
=( (873.135 + 0) / 1 ) / 57.922*365 / 4
=873.135 / 57.922*365 / 4
=1,375.53

* 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 1,375.53 mean?
Granit AD (XMAE:GRNT) has a Days Payable of 1,375.53 as of Mar. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Granit AD and its competitors.
Is Granit AD's Days Payable too high?
Granit AD's current Days Payable is 1,375.53. The Construction industry median Days Payable is 76.41. Granit AD's value of 1,375.53 is 1700.2% above this industry median. Overall, Granit AD has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Granit AD's Days Payable compare to PWR and FIX?
Granit AD's Days Payable of 1,375.53 can be compared against companies in the Construction industry. The industry median Days Payable is 76.41. Granit AD's value of 1,375.53 is 1700.2% 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 Construction company?
The median Days Payable among Construction companies is 76.41, based on 1,714 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. Granit AD's current Days Payable of 1,375.53 is 1700.2% 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 Granit AD and its competitors. For the Construction industry, the median Days Payable is 76.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Granit AD's current Days Payable is 1,375.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Granit AD stock overvalued right now?
Granit AD (XMAE:GRNT) has a current Days Payable of 1,375.53. The current Days Payable is 1,375.53 and 1700.2% above the Construction industry median of 76.41. Granit AD's overall GF Score™ is 59/100. 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 Granit AD (XMAE:GRNT), the current Days Payable is 1,375.53 as of Mar. 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.

Granit AD Business Description

Address Dimitrie Cupovski 8, Skopje, MKD, 1000
Granit AD is engaged in the construction of buildings and infrastructure outside Macedonian borders. The company has been active in Libya, Kuwait, Iraq, Russia, Ukraine, Germany, Albania, Bulgaria, Croatia, Bosnia and Herzegovina, Serbia, among others.
59GF Score

Get the complete analysis for XMAE:GRNT

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

MKD1,500.00
Price