Mechel PAO (MIC:MTLR) Days Payable: 44.00 (As of Jun. 2023)

What is Mechel PAO Days Payable?

Mechel PAO MIC:MTLR +0.67% 17 Days Payable is 44.00 as of Jun. 2023. GuruFocus rates MIC:MTLR with a GF Score™ of 17/100.

Mechel PAO's average Accounts Payable for the six months ended in Jun. 2023 was ₽29,224 Mil. Mechel PAO's Cost of Goods Sold for the six months ended in Jun. 2023 was ₽121,207 Mil. Hence, Mechel PAO's Days Payable for the six months ended in Jun. 2023 was 44.00.

The historical rank and industry rank for Mechel PAO's Days Payable or its related term are showing as below:

MIC:MTLR's Days Payable is not ranked ^*
in the Steel industry.
Industry Median: 41.39
* Ranked among companies with meaningful Days Payable only.

Mechel PAO's Days Payable declined from Dec. 2021 (56.51) to Jun. 2023 (44.00). It may suggest that Mechel PAO accelerated paying its suppliers.

Mechel PAO Days Payable Related Terms

Mechel PAO Days Payable Historical Data

* Premium members only.

The historical data trend for Mechel PAO'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.

Mechel PAO Days Payable Chart

Mechel PAO Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Payable

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45.90

45.39

51.93

64.29

49.98

Mechel PAO Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
Days Payable	Get a 7-Day Free Trial															80.19	68.27	56.51	38.20	44.00

MIC:MTLR vs NUE, STLD, RS: Days Payable Comparison

For the Steel subindustry, Mechel PAO'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.

Mechel PAO Days Payable vs Steel Industry

For the Steel industry and Basic Materials sector, Mechel PAO's Days Payable distribution charts can be found below:

* The bar in red indicates where Mechel PAO's Days Payable falls into.

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17GF Score

Mechel PAO MIC:MTLR

Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.

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Mechel PAO 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.

Mechel PAO's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

	Days Payable (A: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2020 )	+	Accounts Payable (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (32290	+	29058)	/	2 )	/	223993	*	365
=	30674					/	223993	*	365
=	49.98

Mechel PAO's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0	+	29224)	/	1 )	/	121207	*	365 / 2
=	29224					/	121207	*	365 / 2
=	44.00

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 44.00 mean?

Mechel PAO (MIC:MTLR) has a Days Payable of 44.00 as of Jun. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Mechel PAO and its competitors.

Is Mechel PAO's Days Payable too high?

Mechel PAO's current Days Payable is 44.00. The Steel industry median Days Payable is 41.39. Mechel PAO's value of 44.00 is 6.3% above this industry median. Overall, Mechel PAO has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.

How does Mechel PAO's Days Payable compare to NUE and STLD?

Mechel PAO's Days Payable of 44.00 can be compared against companies in the Steel industry. The industry median Days Payable is 41.39. Mechel PAO's value of 44.00 is 6.3% above this benchmark. 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. Mechel PAO's current Days Payable of 44.00 is 6.3% 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 Mechel PAO 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. Mechel PAO's current Days Payable is 44.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Mechel PAO stock overvalued right now?

Mechel PAO (MIC:MTLR) has a current Days Payable of 44.00. The current Days Payable is 44.00 and 6.3% above the Steel industry median of 41.39. Mechel PAO's overall GF Score™ is 17/100. 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 Mechel PAO (MIC:MTLR), the current Days Payable is 44.00 as of Jun. 2023. 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.

Mechel PAO Business Description

Industry Basic Materials Steel

Comparable Companies MIC:AMEZ MIC:CHMK MIC:URKZ MIC:KOGK MIC:IGST NUE BOM:500228 NSE:TATASTEEL SHSE:600019 XKRX:005490 STLD XAMS:MT TSE:5401 MIC:CHMF RS BOM:532286 TPE:2002 SZSE:000708 SHSE:600010 BOM:526371

Address Krasnoarmeyskaya Street 1, Moscow, RUS, 125167

Website http://www.mechel.ru

Mechel PAO is a vertically integrated group operating into three industrial segments Mining, Steel and Power. The mining segment produces metallurgical coal (coking coal, PCI and anthracite), steam coal, iron ore and iron ore concentrate, coke and chemical products. The segment consists of its coal, iron ore and coke production facilities in Russia. The steel segment produces and sells semi-finished steel products, long products of a wide range of steel grades, carbon and stainless flat steel products and high value-added metal products, including wire products, stampings and forgings, structural shapes, beams and rails. The power segment sells electricity and capacity to the wholesale market. The majority of the revenue is derived from the Steel segment.

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