Millcon Steel PCLBKK:MILL-R Days Payable is 49.90 as of Sep. 2025, which is 106% above its 10-year median of 24.18. The stock has 8 warning signs investors should review. Among 602 Steel companies, Millcon Steel PCL ranks better than 81.23% on this metric.
The historical rank and industry rank for Millcon Steel PCL's Days Payable or its related term are showing as below:
BKK:MILL-R'
s Days Payable Range Over the Past 10 Years
Min: 13.37 Med: 24.18 Max: 93.33
Current: 93.33
During the past 13 years, Millcon Steel PCL's highest Days Payable was 93.33. The lowest was 13.37. And the median was 24.18.
BKK:MILL-R's Days Payable is ranked better than 81.23% of 602
companies
in the Steel industry
Industry Median: 41.4
vs BKK:MILL-R: 93.33
Millcon Steel PCL's Days Payable
increased
from Jun. 2024 (42.78) to Sep. 2025 (49.90).
It may suggest that Millcon Steel PCLdelayed paying its suppliers.
Millcon Steel PCL Days Payable Related Terms
Millcon Steel PCL Days Payable Historical Data
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The historical data trend for Millcon Steel PCL'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.
BKK:MILL-R vs NUE, STLD, RS: Days Payable Comparison
For the Steel subindustry, Millcon Steel PCL'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.
Millcon Steel PCL Days Payable vs Steel Industry
For the Steel industry and Basic Materials sector, Millcon Steel PCL's Days Payable distribution charts can be found below:
* The bar in red indicates where Millcon Steel PCL'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.
Millcon Steel PCL's Days Payable for the fiscal year that ended in Dec. 2023 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.
Millcon Steel PCL (BKK:MILL-R) has a Days Payable of 49.90 as of Sep. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Millcon Steel PCL and its competitors. This is 106% above median its historical median of 24.18. Over the past decade, Millcon Steel PCL's Days Payable has ranged from 13.37 to 93.33. According to the industry distribution chart, Millcon Steel PCL ranks #113 out of 602 companies in the Steel industry, placing it in the top 18.8%.
Is Millcon Steel PCL's Days Payable too high?
Millcon Steel PCL's current Days Payable of 49.90 is 106% above median its 10-year median of 24.18. Over the past 10 years, this metric has ranged from a low of 13.37 to a high of 93.33. The Steel industry median Days Payable is 41.40. Millcon Steel PCL's value of 49.90 is 20.5% above this industry median. Based on the distribution chart, Millcon Steel PCL ranks #113 out of 602 companies in the Steel industry, which is in the top quartile — a strong position relative to peers.
How does Millcon Steel PCL's Days Payable compare to NUE and STLD?
According to the Steel industry distribution chart, Millcon Steel PCL ranks #113 out of 602 companies for Days Payable. This places Millcon Steel PCL in the top 19% of its industry — outperforming the majority of peers. The industry median Days Payable is 41.40. Millcon Steel PCL's value of 49.90 is 20.5% above this benchmark. Historically, Millcon Steel PCL's own Days Payable has ranged from 13.37 to 93.33 over the past decade. While the company's 10-year median is 24.18 vs. the industry median of 41.40, Millcon Steel PCL 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. Millcon Steel PCL's current Days Payable of 49.90 is 20.5% 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 Millcon Steel PCL 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. Millcon Steel PCL's current Days Payable is 49.90, which is 106% above median its own 10-year median of 24.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millcon Steel PCL stock overvalued right now?
Millcon Steel PCL (BKK:MILL-R) has a current Days Payable of 49.90. The current Days Payable is 49.90, which is 106% above median its 10-year median of 24.18 and 20.5% above the Steel industry median of 41.40. 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 Millcon Steel PCL (BKK:MILL-R), the current Days Payable is 49.90 as of Sep. 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.
Millcon Steel PCL principal activity is manufacturing and trading of steel. The reportable segments of the company are the Manufacturing segment and Trading segment. The company generates majority of revenue from Manufacturing segment. The vast majority of its revenue comes from the Domestic Market. Its products and services are REINFORCING STEEL BARS, ROUND STEEL BARS, REINFORCING STEEL BARS (THREADED TYPE), WIRE, STEEL PIPE, C-SHAPED STEEL, GALVANIZED STEEL.
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