Kardex Holding AG (XSWX:KARN) Days Payable: 31.50 (As of Dec. 2025) — 52% Above Median


XSWX:KARN Kardex Holding AG XSWX:KARN
94 GF Score
Price CHF226.50
GF Value CHF305.03
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Kardex Holding AG Days Payable?

Kardex Holding AG XSWX:KARN 94 Days Payable is 31.50 as of Dec. 2025, which is 52% above its 10-year median of 20.79. GuruFocus rates XSWX:KARN with a GF Score™ of 94/100 and a GF Value™ of CHF305.03 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,992 Industrial Products companies, Kardex Holding AG ranks worse than 86.86% on this metric.

Kardex Holding AG's average Accounts Payable for the six months ended in Dec. 2025 was CHF46.2 Mil. Kardex Holding AG's Cost of Goods Sold for the six months ended in Dec. 2025 was CHF267.5 Mil. Hence, Kardex Holding AG's Days Payable for the six months ended in Dec. 2025 was 31.50.

The historical rank and industry rank for Kardex Holding AG's Days Payable or its related term are showing as below:

XSWX:KARN' s Days Payable Range Over the Past 10 Years
Min: 19.17   Med: 20.79   Max: 30.42
Current: 30.42

During the past 13 years, Kardex Holding AG's highest Days Payable was 30.42. The lowest was 19.17. And the median was 20.79.

XSWX:KARN's Days Payable is ranked worse than
86.86% of 2992 companies
in the Industrial Products industry
Industry Median: 78.08 vs XSWX:KARN: 30.42

Kardex Holding AG's Days Payable increased from Dec. 2024 (24.29) to Dec. 2025 (31.50). It may suggest that Kardex Holding AG delayed paying its suppliers.


Kardex Holding AG Days Payable Historical Data

* Premium members only.

The historical data trend for Kardex Holding AG'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.

Kardex Holding AG Days Payable Chart

Kardex Holding AG 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 20.03 22.05 20.80 23.93 29.34

Kardex Holding AG 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 19.91 20.78 24.29 30.46 31.50

XSWX:KARN vs GEV, ETN, PH: Days Payable Comparison

For the Specialty Industrial Machinery subindustry, Kardex Holding AG'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.


Kardex Holding AG Days Payable vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kardex Holding AG's Days Payable distribution charts can be found below:

* The bar in red indicates where Kardex Holding AG's Days Payable falls into.


XSWX:KARN
94GF Score
Kardex Holding AG XSWX:KARN
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Kardex Holding AG 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.

Kardex Holding AG'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
=( (38.745 + 45.351) / 2 ) / 523.024*365
=42.048 / 523.024*365
=29.34

Kardex Holding AG'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
=( (46.991 + 45.351) / 2 ) / 267.531*365 / 2
=46.171 / 267.531*365 / 2
=31.50

* 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 31.50 mean?
Kardex Holding AG (XSWX:KARN) has a Days Payable of 31.50 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 Kardex Holding AG and its competitors. This is 52% above median its historical median of 20.79. Over the past decade, Kardex Holding AG's Days Payable has ranged from 19.17 to 30.42. According to the industry distribution chart, Kardex Holding AG ranks #2599 out of 2992 companies in the Industrial Products industry, placing it in the top 86.9%.
Is Kardex Holding AG's Days Payable too high?
Kardex Holding AG's current Days Payable of 31.50 is 52% above median its 10-year median of 20.79. Over the past 10 years, this metric has ranged from a low of 19.17 to a high of 30.42. The Industrial Products industry median Days Payable is 78.08. Kardex Holding AG's value of 31.50 is 59.7% below this industry median. Based on the distribution chart, Kardex Holding AG ranks #2599 out of 2992 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Kardex Holding AG has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kardex Holding AG's Days Payable compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Kardex Holding AG ranks #2599 out of 2992 companies for Days Payable. This places Kardex Holding AG in the lower half of its industry. The industry median Days Payable is 78.08. Kardex Holding AG's value of 31.50 is 59.7% below this benchmark. Historically, Kardex Holding AG's own Days Payable has ranged from 19.17 to 30.42 over the past decade. While the company's 10-year median is 20.79 vs. the industry median of 78.08, Kardex Holding AG 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 78.08, based on 2,992 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. Kardex Holding AG's current Days Payable of 31.50 is 59.7% 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 Kardex Holding AG and its competitors. For the Industrial Products industry, the median Days Payable is 78.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kardex Holding AG's current Days Payable is 31.50, which is 52% above median its own 10-year median of 20.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kardex Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Kardex Holding AG (XSWX:KARN) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF305.03, compared to a current price of CHF226.50 — trading 25.7% below its estimated fair value. The current Days Payable is 31.50, which is 52% above median its 10-year median of 20.79 and 59.7% below the Industrial Products industry median of 78.08. Kardex Holding AG's overall GF Score™ is 94/100 with 3 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 Kardex Holding AG (XSWX:KARN), the current Days Payable is 31.50 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 Kardex Holding AG (XSWX:KARN) Overvalued in 2026?

Based on GuruFocus' analysis, Kardex Holding AG stock appears to be undervalued. The current stock price of CHF226.50 is trading 25.7% below its estimated GF Value™ of CHF305.03. GuruFocus considers Kardex Holding AG to be Modestly Undervalued.

Key valuation signals for XSWX:KARN:

  • Days Payable: 31.50 (52% above median its 10-year median of 20.79)
  • GF Value™: CHF305.03 vs. price of CHF226.50 (25.7% below fair value)
  • GF Score™: 94/100 with 3 warning signs
  • Industry Position: 59.7% below the Industrial Products median (#2599 of 2992)

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


Kardex Holding AG Business Description

Address Thurgauerstrasse 40, Zurich, CHE, 8050
Kardex Holding AG is a partner for intralogistics solutions. The Group offers premium automated products, standardized systems, and life cycle services and provides dynamic storage and retrieval systems, integrated material handling systems, small parts storage systems including multi-shuttle technology, automated high-bay warehouses, and flexible and modular storage and order fulfillment solutions as an AutoStore partner. It is organized into two reporting segments: Automated Products, which generates maximum revenue, and Standardized Systems. Automated Products consists of the Business Unit Kardex Remstar, while Standardized Systems includes the Business Units Kardex Mlog, Kardex AS Solutions, and Rocket Solution. The company operates in Europe, the Americas, and Asia-Pacific.
94GF Score

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

CHF226.50
Price
CHF305.03
GF Value