Vulcan SteelASX:VSL -0.40%60 Days Payable is 84.77 as of Dec. 2025, which is 19% above its 10-year median of 71.46. GuruFocus rates ASX:VSL with a GF Score™ of 60/100 and a GF Value™ of A$6.22 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 602 Steel companies, Vulcan Steel ranks better than 80.56% on this metric.
The historical rank and industry rank for Vulcan Steel's Days Payable or its related term are showing as below:
ASX:VSL'
s Days Payable Range Over the Past 10 Years
Min: 66.35 Med: 71.46 Max: 93.82
Current: 91.06
During the past 4 years, Vulcan Steel's highest Days Payable was 93.82. The lowest was 66.35. And the median was 71.46.
ASX:VSL's Days Payable is ranked better than 80.56% of 602
companies
in the Steel industry
Industry Median: 41.4
vs ASX:VSL: 91.06
Vulcan Steel's Days Payable
increased
from Dec. 2024 (84.68) to Dec. 2025 (84.77).
It may suggest that Vulcan Steeldelayed paying its suppliers.
Vulcan Steel Days Payable Related Terms
Vulcan Steel Days Payable Historical Data
* Premium members only.
The historical data trend for Vulcan Steel'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.
For the Steel subindustry, Vulcan Steel'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.
Vulcan Steel Days Payable vs Steel Industry
For the Steel industry and Basic Materials sector, Vulcan Steel's Days Payable distribution charts can be found below:
* The bar in red indicates where Vulcan Steel's Days Payable falls into.
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.
Vulcan Steel's Days Payable for the fiscal year that ended in Jun. 2025 is calculated as
* 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.
Vulcan Steel (ASX:VSL) has a Days Payable of 84.77 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 Vulcan Steel and its competitors. This is 19% above median its historical median of 71.46. Over the past decade, Vulcan Steel's Days Payable has ranged from 66.35 to 93.82. According to the industry distribution chart, Vulcan Steel ranks #117 out of 602 companies in the Steel industry, placing it in the top 19.4%.
Is Vulcan Steel's Days Payable too high?
Vulcan Steel's current Days Payable of 84.77 is 19% above median its 10-year median of 71.46. Over the past 10 years, this metric has ranged from a low of 66.35 to a high of 93.82. The Steel industry median Days Payable is 41.40. Vulcan Steel's value of 84.77 is 104.8% above this industry median. Based on the distribution chart, Vulcan Steel ranks #117 out of 602 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Vulcan Steel has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vulcan Steel's Days Payable compare to NUE and STLD?
According to the Steel industry distribution chart, Vulcan Steel ranks #117 out of 602 companies for Days Payable. This places Vulcan Steel in the top 19% of its industry — outperforming the majority of peers. The industry median Days Payable is 41.40. Vulcan Steel's value of 84.77 is 104.8% above this benchmark. Historically, Vulcan Steel's own Days Payable has ranged from 66.35 to 93.82 over the past decade. While the company's 10-year median is 71.46 vs. the industry median of 41.40, Vulcan Steel 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 Steel company?
The median Days Payable among Steel companies is 41.40, based on 602 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. Vulcan Steel's current Days Payable of 84.77 is 104.8% 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 Vulcan Steel and its competitors. For the Steel industry, the median Days Payable is 41.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vulcan Steel's current Days Payable is 84.77, which is 19% above median its own 10-year median of 71.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vulcan Steel stock overvalued right now?
Based on GuruFocus' analysis, Vulcan Steel (ASX:VSL) is currently considered Modestly Undervalued. The stock's GF Value™ is A$6.22, compared to a current price of A$4.99 — trading 19.8% below its estimated fair value. The current Days Payable is 84.77, which is 19% above median its 10-year median of 71.46 and 104.8% above the Steel industry median of 41.40. Vulcan Steel's overall GF Score™ is 60/100 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 Vulcan Steel (ASX:VSL), the current Days Payable is 84.77 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 Vulcan Steel (ASX:VSL) Overvalued in 2026?
Based on GuruFocus' analysis, Vulcan Steel stock appears to be undervalued.
The current stock price of A$4.99 is trading 19.8% below its estimated GF Value™ of A$6.22.
GuruFocus considers Vulcan Steel to be Modestly Undervalued.
Key valuation signals for ASX:VSL:
Days Payable: 84.77 (19% above median its 10-year median of 71.46)
GF Value™: A$6.22 vs. price of A$4.99 (19.8% below fair value)
Industry Position: 104.8% above the Steel median (#117 of 602)
No single metric tells the full story. See the ASX:VSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vulcan Steel Ltd is a metals distributor and processor. Its products include Steel, Stainless Steel, Engineering steel, Plate processing, and Coil processing. The company has two operating segments namely, the Steel business across New Zealand and Australia which includes Steel distribution, Plate processing, and Coil processing; and Metals business across New Zealand, which includes Stainless Steel, Engineering Steel, and Aluminium.
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