The historical rank and industry rank for EZZ Steel CoE's Days Payable or its related term are showing as below:
LSE:67NW'
s Days Payable Range Over the Past 10 Years
Min: 34.62 Med: 51.19 Max: 62.8
Current: 58.29
During the past 13 years, EZZ Steel CoE's highest Days Payable was 62.80. The lowest was 34.62. And the median was 51.19.
LSE:67NW's Days Payable is not ranked
in the Steel industry.
Industry Median: 41.39
vs LSE:67NW: 58.29
EZZ Steel CoE's Days Payable
declined
from Jun. 2023 (73.47) to Jun. 2024 (64.14).
It may suggest that EZZ Steel CoEaccelerated paying its suppliers.
EZZ Steel CoE Days Payable Related Terms
EZZ Steel CoE Days Payable Historical Data
* Premium members only.
The historical data trend for EZZ Steel CoE'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.
LSE:67NW vs NUE, STLD, RS: Days Payable Comparison
For the Steel subindustry, EZZ Steel CoE'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.
EZZ Steel CoE Days Payable vs Steel Industry
For the Steel industry and Basic Materials sector, EZZ Steel CoE's Days Payable distribution charts can be found below:
* The bar in red indicates where EZZ Steel CoE'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.
EZZ Steel CoE'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.
EZZ Steel CoE (LSE:67NW) has a Days Payable of 64.14 as of Jun. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on EZZ Steel CoE and its competitors. This is 25% above median its historical median of 51.19. Over the past decade, EZZ Steel CoE's Days Payable has ranged from 34.62 to 62.80.
Is EZZ Steel CoE's Days Payable too high?
EZZ Steel CoE's current Days Payable of 64.14 is 25% above median its 10-year median of 51.19. Over the past 10 years, this metric has ranged from a low of 34.62 to a high of 62.80. The Steel industry median Days Payable is 41.39. EZZ Steel CoE's value of 64.14 is 55% above this industry median. Overall, EZZ Steel CoE has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does EZZ Steel CoE's Days Payable compare to NUE and STLD?
EZZ Steel CoE's Days Payable of 64.14 can be compared against companies in the Steel industry. The industry median Days Payable is 41.39. EZZ Steel CoE's value of 64.14 is 55% above this benchmark. Historically, EZZ Steel CoE's own Days Payable has ranged from 34.62 to 62.80 over the past decade. While the company's 10-year median is 51.19 vs. the industry median of 41.39, EZZ Steel CoE 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 41.39, based on 597 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. EZZ Steel CoE's current Days Payable of 64.14 is 55% 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 EZZ Steel CoE and its competitors. For the Steel industry, the median Days Payable is 41.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EZZ Steel CoE's current Days Payable is 64.14, which is 25% above median its own 10-year median of 51.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EZZ Steel CoE stock overvalued right now?
EZZ Steel CoE (LSE:67NW) has a current Days Payable of 64.14. The current Days Payable is 64.14, which is 25% above median its 10-year median of 51.19 and 55% above the Steel industry median of 41.39. EZZ Steel CoE's overall GF Score™ is 4/100 with 7 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 EZZ Steel CoE (LSE:67NW), the current Days Payable is 64.14 as of Jun. 2024. 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.
EZZ Steel Co SAE is an Egypt-based company that manufactures and distributes long and flat steel products. The company's long products, including rebar and wire rod, are employed in applications including concrete reinforcement bars, nails, bolts, tacks, welding tools, electrical components, wire mesh, and others. The company's flat products are applied in automotive components, suspension parts, wheels, containers, gas cylinders, and others.
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