MichelinMEX:ML 84 Days Payable is 62.31 as of Dec. 2025, which is 10% below its 10-year median of 68.89. GuruFocus rates MEX:ML with a GF Score™ of 84/100 and a GF Value™ of MXN652.58. The stock has 6 warning signs investors should review. Among 1,313 Vehicles & Parts companies, Michelin ranks worse than 51.79% on this metric.
Michelin's average Accounts Payable for the
six
months ended in Dec. 2025 was MXN69,218 Mil. Michelin's Cost of Goods Sold for the
six
months ended in Dec. 2025 was MXN202,722 Mil.
Hence, Michelin's Days Payable for the
six
months ended in Dec. 2025 was 62.31.
The historical rank and industry rank for Michelin's Days Payable or its related term are showing as below:
MEX:ML'
s Days Payable Range Over the Past 10 Years
Min: 65.68 Med: 68.89 Max: 72.05
Current: 65.71
During the past 13 years, Michelin's highest Days Payable was 72.05. The lowest was 65.68. And the median was 68.89.
MEX:ML's Days Payable is ranked worse than 51.79% of 1313
companies
in the Vehicles & Parts industry
Industry Median: 67.12
vs MEX:ML: 65.71
Michelin's Days Payable
declined
from Dec. 2024 (63.22) to Dec. 2025 (62.31).
It may suggest that Michelinaccelerated paying its suppliers.
Michelin Days Payable Related Terms
Michelin Days Payable Historical Data
* Premium members only.
The historical data trend for Michelin'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 Auto Parts subindustry, Michelin'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.
Michelin Days Payable vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Michelin's Days Payable distribution charts can be found below:
* The bar in red indicates where Michelin'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.
Michelin's Days Payable for the fiscal year that ended in Dec. 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.
Michelin (MEX:ML) has a Days Payable of 62.31 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 Michelin and its competitors. This is 10% below median its historical median of 68.89. Over the past decade, Michelin's Days Payable has ranged from 65.68 to 72.05. According to the industry distribution chart, Michelin ranks #680 out of 1313 companies in the Vehicles & Parts industry, placing it in the top 51.8%.
Is Michelin's Days Payable too high?
Michelin's current Days Payable of 62.31 is 10% below median its 10-year median of 68.89. Over the past 10 years, this metric has ranged from a low of 65.68 to a high of 72.05. The Vehicles & Parts industry median Days Payable is 67.12. Michelin's value of 62.31 is 7.2% below this industry median. Based on the distribution chart, Michelin ranks #680 out of 1313 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Michelin has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Michelin's Days Payable compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Michelin ranks #680 out of 1313 companies for Days Payable. This places Michelin in the lower half of its industry. The industry median Days Payable is 67.12. Michelin's value of 62.31 is 7.2% below this benchmark. Historically, Michelin's own Days Payable has ranged from 65.68 to 72.05 over the past decade. While the company's 10-year median is 68.89 vs. the industry median of 67.12, Michelin 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 Vehicles & Parts company?
The median Days Payable among Vehicles & Parts companies is 67.12, based on 1,313 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. Michelin's current Days Payable of 62.31 is 7.2% 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 Michelin and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Michelin's current Days Payable is 62.31, which is 10% below median its own 10-year median of 68.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Michelin stock overvalued right now?
Michelin (MEX:ML) has a current Days Payable of 62.31. The stock's GF Value™ is MXN652.58, compared to a current price of MXN733.29 — trading 12.4% above its estimated fair value. The current Days Payable is 62.31, which is 10% below median its 10-year median of 68.89 and 7.2% below the Vehicles & Parts industry median of 67.12. Michelin's overall GF Score™ is 84/100 with 6 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 Michelin (MEX:ML), the current Days Payable is 62.31 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 Michelin (MEX:ML) Overvalued in 2026?
Based on GuruFocus' analysis, Michelin stock appears to be overvalued.
The current stock price of MXN733.29 is trading 12.4% above its estimated GF Value™ of MXN652.58.
Key valuation signals for MEX:ML:
Days Payable: 62.31 (10% below median its 10-year median of 68.89)
GF Value™: MXN652.58 vs. price of MXN733.29 (12.4% above fair value)
Industry Position: 7.2% below the Vehicles & Parts median (#680 of 1313)
No single metric tells the full story. See the MEX:ML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Michelin manufactures tires for passenger vehicles. The company also makes tires for all types of commercial vehicles as well as bicycle, motorcycle, earthmover, aviation, and agricultural tires. Its operations are organized into three operating segments namely Automotive and two-wheel; Road transportation; and Specialty businesses. The company generates maximum revenue from Automotive segments. The Specialty businesses include the Mining, Beyond-road, Two-wheel and Aircraft tire activities, as well as the High-Tech Materials activities. The Services & Solutions businesses are included for the majority part in the Road transportation and related distribution segment.
84GF Score
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