Industrie Chimiche Forestali SpA (MIL:ICF) Days Payable: 106.27 (As of Dec. 2025) — Near Median


MIL:ICF Industrie Chimiche Forestali SpA MIL:ICF
65 GF Score
Price €6.00
GF Value €5.17
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Industrie Chimiche Forestali SpA Days Payable?

Industrie Chimiche Forestali SpA MIL:ICF 65 Days Payable is 106.27 as of Dec. 2025, which is 0% above its 10-year median of 106.15. GuruFocus rates MIL:ICF with a GF Score™ of 65/100 and a GF Value™ of €5.17 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,556 Chemicals companies, Industrie Chimiche Forestali SpA ranks better than 78.02% on this metric.

Industrie Chimiche Forestali SpA's average Accounts Payable for the six months ended in Dec. 2025 was €12.31 Mil. Industrie Chimiche Forestali SpA's Cost of Goods Sold for the six months ended in Dec. 2025 was €21.14 Mil. Hence, Industrie Chimiche Forestali SpA's Days Payable for the six months ended in Dec. 2025 was 106.27.

The historical rank and industry rank for Industrie Chimiche Forestali SpA's Days Payable or its related term are showing as below:

MIL:ICF' s Days Payable Range Over the Past 10 Years
Min: 100.66   Med: 106.15   Max: 119.34
Current: 106.27

During the past 9 years, Industrie Chimiche Forestali SpA's highest Days Payable was 119.34. The lowest was 100.66. And the median was 106.15.

MIL:ICF's Days Payable is ranked better than
78.02% of 1556 companies
in the Chemicals industry
Industry Median: 59.915 vs MIL:ICF: 106.27

Industrie Chimiche Forestali SpA's Days Payable declined from Dec. 2024 (118.04) to Dec. 2025 (106.27). It may suggest that Industrie Chimiche Forestali SpA accelerated paying its suppliers.


Industrie Chimiche Forestali SpA Days Payable Related Terms


Industrie Chimiche Forestali SpA Days Payable Historical Data

* Premium members only.

The historical data trend for Industrie Chimiche Forestali SpA'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.

Industrie Chimiche Forestali SpA Days Payable Chart

Industrie Chimiche Forestali SpA Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only 100.66 106.84 114.26 103.35 108.19

Industrie Chimiche Forestali SpA Semi-Annual Data
Dec17 Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 107.14 107.20 118.04 104.36 106.27

MIL:ICF vs LIN, SHW, ECL: Days Payable Comparison

For the Specialty Chemicals subindustry, Industrie Chimiche Forestali SpA'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.


Industrie Chimiche Forestali SpA Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Industrie Chimiche Forestali SpA's Days Payable distribution charts can be found below:

* The bar in red indicates where Industrie Chimiche Forestali SpA's Days Payable falls into.


MIL:ICF
65GF Score
Industrie Chimiche Forestali SpA MIL:ICF
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Industrie Chimiche Forestali SpA 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.

Industrie Chimiche Forestali SpA's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (12.705 + 12.624) / 2 ) / 42.727*365
=12.6645 / 42.727*365
=108.19

Industrie Chimiche Forestali SpA's Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (11.99 + 12.624) / 2 ) / 21.135*365 / 2
=12.307 / 21.135*365 / 2
=106.27

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 106.27 mean?
Industrie Chimiche Forestali SpA (MIL:ICF) has a Days Payable of 106.27 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 Industrie Chimiche Forestali SpA and its competitors. This is near median its historical median of 106.15. Over the past decade, Industrie Chimiche Forestali SpA's Days Payable has ranged from 100.66 to 119.34. According to the industry distribution chart, Industrie Chimiche Forestali SpA ranks #342 out of 1556 companies in the Chemicals industry, placing it in the top 22%.
Is Industrie Chimiche Forestali SpA's Days Payable too high?
Industrie Chimiche Forestali SpA's current Days Payable of 106.27 is near median its 10-year median of 106.15. Over the past 10 years, this metric has ranged from a low of 100.66 to a high of 119.34. The Chemicals industry median Days Payable is 59.92. Industrie Chimiche Forestali SpA's value of 106.27 is 77.4% above this industry median. Based on the distribution chart, Industrie Chimiche Forestali SpA ranks #342 out of 1556 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Industrie Chimiche Forestali SpA has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Industrie Chimiche Forestali SpA's Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, Industrie Chimiche Forestali SpA ranks #342 out of 1556 companies for Days Payable. This places Industrie Chimiche Forestali SpA in the top 22% of its industry — outperforming the majority of peers. The industry median Days Payable is 59.92. Industrie Chimiche Forestali SpA's value of 106.27 is 77.4% above this benchmark. Historically, Industrie Chimiche Forestali SpA's own Days Payable has ranged from 100.66 to 119.34 over the past decade. While the company's 10-year median is 106.15 vs. the industry median of 59.92, Industrie Chimiche Forestali SpA 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 Chemicals company?
The median Days Payable among Chemicals companies is 59.92, based on 1,556 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. Industrie Chimiche Forestali SpA's current Days Payable of 106.27 is 77.4% 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 Industrie Chimiche Forestali SpA and its competitors. For the Chemicals industry, the median Days Payable is 59.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Industrie Chimiche Forestali SpA's current Days Payable is 106.27, which is near median its own 10-year median of 106.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrie Chimiche Forestali SpA stock overvalued right now?
Based on GuruFocus' analysis, Industrie Chimiche Forestali SpA (MIL:ICF) is currently considered Modestly Overvalued. The stock's GF Value™ is €5.17, compared to a current price of €6.00 — trading 16.1% above its estimated fair value. The current Days Payable is 106.27, which is near median its 10-year median of 106.15 and 77.4% above the Chemicals industry median of 59.92. Industrie Chimiche Forestali SpA's overall GF Score™ is 65/100 with 3 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 Industrie Chimiche Forestali SpA (MIL:ICF), the current Days Payable is 106.27 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 Industrie Chimiche Forestali SpA (MIL:ICF) Overvalued in 2026?

Based on GuruFocus' analysis, Industrie Chimiche Forestali SpA stock appears to be overvalued. The current stock price of €6.00 is trading 16.1% above its estimated GF Value™ of €5.17. GuruFocus considers Industrie Chimiche Forestali SpA to be Modestly Overvalued.

Key valuation signals for MIL:ICF:

  • Days Payable: 106.27 (near median its 10-year median of 106.15)
  • GF Value™: €5.17 vs. price of €6.00 (16.1% above fair value)
  • GF Score™: 65/100 with 3 warning signs
  • Industry Position: 77.4% above the Chemicals median (#342 of 1556)

No single metric tells the full story. See the MIL:ICF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Industrie Chimiche Forestali SpA Business Description

Other Exchanges IG0:Germany
Address Via Fratelli Kennedy, 75, Marcallo con Casone, Milano, ITA, 20010
Industrie Chimiche Forestali SpA is engaged in the design, production and marketing of high-tech adhesives and fabrics mainly for the following markets: footwear & leather goods, automotive and packaging.
65GF Score

Get the complete analysis for MIL:ICF

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€6.00
Price
€5.17
GF Value