Indel B SpA (MIL:INDB) Days Payable: 111.53 (As of Dec. 2025) — Near Median


MIL:INDB Indel B SpA MIL:INDB
82 GF Score
Price €19.30
GF Value €21.99
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Indel B SpA Days Payable?

Indel B SpA MIL:INDB 82 Days Payable is 111.53 as of Dec. 2025, which is 7% above its 10-year median of 104.30. GuruFocus rates MIL:INDB with a GF Score™ of 82/100 and a GF Value™ of €21.99 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,311 Vehicles & Parts companies, Indel B SpA ranks better than 72.31% on this metric.

Indel B SpA's average Accounts Payable for the six months ended in Dec. 2025 was €34.0 Mil. Indel B SpA's Cost of Goods Sold for the six months ended in Dec. 2025 was €55.6 Mil. Hence, Indel B SpA's Days Payable for the six months ended in Dec. 2025 was 111.53.

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

MIL:INDB' s Days Payable Range Over the Past 10 Years
Min: 98.38   Med: 104.3   Max: 125.79
Current: 108.51

During the past 12 years, Indel B SpA's highest Days Payable was 125.79. The lowest was 98.38. And the median was 104.30.

MIL:INDB's Days Payable is ranked better than
72.31% of 1311 companies
in the Vehicles & Parts industry
Industry Median: 67.05 vs MIL:INDB: 108.51

Indel B SpA's Days Payable declined from Dec. 2024 (143.03) to Dec. 2025 (111.53). It may suggest that Indel B SpA accelerated paying its suppliers.


Indel B SpA Days Payable Historical Data

* Premium members only.

The historical data trend for Indel B 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.

Indel B SpA Days Payable Chart

Indel B SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 118.70 118.47 100.10 109.14 98.38

Indel B SpA Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 120.95 108.85 143.03 115.47 111.53

MIL:INDB vs ORLY, AZO, GPC: Days Payable Comparison

For the Auto Parts subindustry, Indel B 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.


Indel B SpA Days Payable vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Indel B SpA's Days Payable distribution charts can be found below:

* The bar in red indicates where Indel B SpA's Days Payable falls into.


MIL:INDB
82GF Score
Indel B SpA MIL:INDB
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Indel B 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.

Indel B 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
=( (35.018 + 27.231) / 2 ) / 115.47*365
=31.1245 / 115.47*365
=98.38

Indel B 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
=( (40.736 + 27.231) / 2 ) / 55.608*365 / 2
=33.9835 / 55.608*365 / 2
=111.53

* 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 111.53 mean?
Indel B SpA (MIL:INDB) has a Days Payable of 111.53 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 Indel B SpA and its competitors. This is near median its historical median of 104.30. Over the past decade, Indel B SpA's Days Payable has ranged from 98.38 to 125.79. According to the industry distribution chart, Indel B SpA ranks #363 out of 1311 companies in the Vehicles & Parts industry, placing it in the top 27.7%.
Is Indel B SpA's Days Payable too high?
Indel B SpA's current Days Payable of 111.53 is near median its 10-year median of 104.30. Over the past 10 years, this metric has ranged from a low of 98.38 to a high of 125.79. The Vehicles & Parts industry median Days Payable is 67.05. Indel B SpA's value of 111.53 is 66.3% above this industry median. Based on the distribution chart, Indel B SpA ranks #363 out of 1311 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Indel B SpA has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indel B SpA's Days Payable compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Indel B SpA ranks #363 out of 1311 companies for Days Payable. This puts Indel B SpA in the upper half of its industry. The industry median Days Payable is 67.05. Indel B SpA's value of 111.53 is 66.3% above this benchmark. Historically, Indel B SpA's own Days Payable has ranged from 98.38 to 125.79 over the past decade. While the company's 10-year median is 104.30 vs. the industry median of 67.05, Indel B 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 Vehicles & Parts company?
The median Days Payable among Vehicles & Parts companies is 67.05, based on 1,311 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. Indel B SpA's current Days Payable of 111.53 is 66.3% 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 Indel B SpA and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indel B SpA's current Days Payable is 111.53, which is near median its own 10-year median of 104.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indel B SpA stock overvalued right now?
Based on GuruFocus' analysis, Indel B SpA (MIL:INDB) is currently considered Modestly Undervalued. The stock's GF Value™ is €21.99, compared to a current price of €19.30 — trading 12.2% below its estimated fair value. The current Days Payable is 111.53, which is near median its 10-year median of 104.30 and 66.3% above the Vehicles & Parts industry median of 67.05. Indel B SpA's overall GF Score™ is 82/100 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 Indel B SpA (MIL:INDB), the current Days Payable is 111.53 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 Indel B SpA (MIL:INDB) Overvalued in 2026?

Based on GuruFocus' analysis, Indel B SpA stock appears to be undervalued. The current stock price of €19.30 is trading 12.2% below its estimated GF Value™ of €21.99. GuruFocus considers Indel B SpA to be Modestly Undervalued.

Key valuation signals for MIL:INDB:

  • Days Payable: 111.53 (near median its 10-year median of 104.30)
  • GF Value™: €21.99 vs. price of €19.30 (12.2% below fair value)
  • GF Score™: 82/100 with 6 warning signs
  • Industry Position: 66.3% above the Vehicles & Parts median (#363 of 1311)

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


Indel B SpA Business Description

Other Exchanges 2I6:Germany
Address Via Sarsinate, 27, Sant Agata Feltria, Rimini, ITA, 47866
Indel B SpA manufactures and sells mobile, refrigerators and cooling systems. The company offers fridges and parking air coolers for cars, off-road vehicles, motor homes/caravans, commercial vehicles, minibusses, luxury coaches, and ambulances; and hotel minibars, electronic safes, lock systems, hairdryers, LED lighting products, and LED televisions.
82GF Score

Get the complete analysis for MIL:INDB

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

€19.30
Price
€21.99
GF Value