Croatia Airlines DD (ZAG:CRAL) Days Payable: 26.56 (As of Jun. 2026) — 28% Below Median

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ZAG:CRAL Croatia Airlines DD ZAG:CRAL
45 GF Score
Price €2.50
GF Value €4.31
Valuation Possible Value Trap
! 5 Warning Signs
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What is Croatia Airlines DD Days Payable?

Croatia Airlines DD ZAG:CRAL 45 Days Payable is 26.56 as of Jun. 2026, which is 28% below its 10-year median of 36.83. GuruFocus rates ZAG:CRAL with a GF Score™ of 45/100 and a GF Value™ of €4.31 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 970 Transportation companies, Croatia Airlines DD ranks worse than 64.74% on this metric.

Croatia Airlines DD's average Accounts Payable for the three months ended in Jun. 2026 was €25.6 Mil. Croatia Airlines DD's Cost of Goods Sold for the three months ended in Jun. 2026 was €87.8 Mil. Hence, Croatia Airlines DD's Days Payable for the three months ended in Jun. 2026 was 26.56.

The historical rank and industry rank for Croatia Airlines DD's Days Payable or its related term are showing as below:

ZAG:CRAL' s Days Payable Range Over the Past 10 Years
Min: 22.99   Med: 36.83   Max: 60.42
Current: 28.86

During the past 13 years, Croatia Airlines DD's highest Days Payable was 60.42. The lowest was 22.99. And the median was 36.83.

ZAG:CRAL's Days Payable is ranked worse than
64.74% of 970 companies
in the Transportation industry
Industry Median: 38.305 vs ZAG:CRAL: 28.86

Croatia Airlines DD's Days Payable increased from Jun. 2025 (18.60) to Jun. 2026 (26.56). It may suggest that Croatia Airlines DD delayed paying its suppliers.


Croatia Airlines DD Days Payable Historical Data

* Premium members only.

The historical data trend for Croatia Airlines DD'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.

Croatia Airlines DD Days Payable Chart

Croatia Airlines DD 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 30.30 22.99 27.10 26.29 26.84

Croatia Airlines DD Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 18.60 26.01 35.68 31.87 26.56

ZAG:CRAL vs DAL, UAL, LUV: Days Payable Comparison

For the Airlines subindustry, Croatia Airlines DD'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.


Croatia Airlines DD Days Payable vs Transportation Industry

For the Transportation industry and Industrials sector, Croatia Airlines DD's Days Payable distribution charts can be found below:

* The bar in red indicates where Croatia Airlines DD's Days Payable falls into.


ZAG:CRAL
45GF Score
Croatia Airlines DD ZAG:CRAL
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Croatia Airlines DD 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.

Croatia Airlines DD'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
=( (15.295 + 22.932) / 2 ) / 259.972*365
=19.1135 / 259.972*365
=26.84

Croatia Airlines DD's Days Payable for the quarter that ended in Jun. 2026 is calculated as:

Days Payable (Q: Jun. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2026 ) + Accounts Payable (Q: Jun. 2026 )) / count ) / Cost of Goods Sold (Q: Jun. 2026 )*Days in Period
=( (23.056 + 28.053) / 2 ) / 87.799*365 / 4
=25.5545 / 87.799*365 / 4
=26.56

* 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 26.56 mean?
Croatia Airlines DD (ZAG:CRAL) has a Days Payable of 26.56 as of Jun. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Croatia Airlines DD and its competitors. This is 28% below median its historical median of 36.83. Over the past decade, Croatia Airlines DD's Days Payable has ranged from 22.99 to 60.42. According to the industry distribution chart, Croatia Airlines DD ranks #628 out of 970 companies in the Transportation industry, placing it in the top 64.7%.
Is Croatia Airlines DD's Days Payable too high?
Croatia Airlines DD's current Days Payable of 26.56 is 28% below median its 10-year median of 36.83. Over the past 10 years, this metric has ranged from a low of 22.99 to a high of 60.42. The Transportation industry median Days Payable is 38.31. Croatia Airlines DD's value of 26.56 is 30.7% below this industry median. Based on the distribution chart, Croatia Airlines DD ranks #628 out of 970 companies in the Transportation industry, which is below the industry midpoint. Overall, Croatia Airlines DD has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Croatia Airlines DD's Days Payable compare to DAL and UAL?
According to the Transportation industry distribution chart, Croatia Airlines DD ranks #628 out of 970 companies for Days Payable. This places Croatia Airlines DD in the lower half of its industry. The industry median Days Payable is 38.31. Croatia Airlines DD's value of 26.56 is 30.7% below this benchmark. Historically, Croatia Airlines DD's own Days Payable has ranged from 22.99 to 60.42 over the past decade. While the company's 10-year median is 36.83 vs. the industry median of 38.31, Croatia Airlines DD 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 Transportation company?
The median Days Payable among Transportation companies is 38.31, based on 970 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. Croatia Airlines DD's current Days Payable of 26.56 is 30.7% 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 Croatia Airlines DD and its competitors. For the Transportation industry, the median Days Payable is 38.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Croatia Airlines DD's current Days Payable is 26.56, which is 28% below median its own 10-year median of 36.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Croatia Airlines DD stock overvalued right now?
Based on GuruFocus' analysis, Croatia Airlines DD (ZAG:CRAL) is currently considered Possible Value Trap. The stock's GF Value™ is €4.31, compared to a current price of €2.50 — trading 42% below its estimated fair value. The current Days Payable is 26.56, which is 28% below median its 10-year median of 36.83 and 30.7% below the Transportation industry median of 38.31. Croatia Airlines DD's overall GF Score™ is 45/100 with 5 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 Croatia Airlines DD (ZAG:CRAL), the current Days Payable is 26.56 as of Jun. 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 Croatia Airlines DD (ZAG:CRAL) Overvalued in 2026?

Based on GuruFocus' analysis, Croatia Airlines DD stock appears to be undervalued. The current stock price of €2.50 is trading 42% below its estimated GF Value™ of €4.31. GuruFocus considers Croatia Airlines DD to be Possible Value Trap.

Key valuation signals for ZAG:CRAL:

  • Days Payable: 26.56 (28% below median its 10-year median of 36.83)
  • GF Value™: €4.31 vs. price of €2.50 (42% below fair value)
  • GF Score™: 45/100 with 5 warning signs
  • Industry Position: 30.7% below the Transportation median (#628 of 970)

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


Croatia Airlines DD Business Description

Address Bani 75/b, Buzin, Zagreb, HRV, 10 010
Croatia Airlines DD is an airline transportation service provider in Croatia. Its operations consist of light and cabin operations, traffic training center, operations center, operations engineering, crew plan, ground operations, traffic administrative support, and traffic quality and operations safety management. The company offers both scheduled services as well as charter services, and the scheduled services earn majority revenues. Geographically, it has a presence in Croatia, Germany, USA, France, Great Britain, and Other countries.
45GF Score

Get the complete analysis for ZAG:CRAL

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

€2.50
Price
€4.31
GF Value