Seco SpAMIL:IOT +0.46%82 Days Payable is 119.98 as of Mar. 2026, which is 18% below its 10-year median of 146.21. GuruFocus rates MIL:IOT with a GF Score™ of 82/100 and a GF Value™ of €3.07 (Fairly Valued). The stock has 7 warning signs investors should review. Among 2,441 Hardware companies, Seco SpA ranks better than 81.89% on this metric.
Seco SpA's average Accounts Payable for the
three
months ended in Mar. 2026 was €39.5 Mil. Seco SpA's Cost of Goods Sold for the
three
months ended in Mar. 2026 was €30.1 Mil.
Hence, Seco SpA's Days Payable for the
three
months ended in Mar. 2026 was 119.98.
The historical rank and industry rank for Seco SpA's Days Payable or its related term are showing as below:
MIL:IOT'
s Days Payable Range Over the Past 10 Years
Min: 132.51 Med: 146.21 Max: 179.32
Current: 143.57
During the past 8 years, Seco SpA's highest Days Payable was 179.32. The lowest was 132.51. And the median was 146.21.
MIL:IOT's Days Payable is ranked better than 81.89% of 2441
companies
in the Hardware industry
Industry Median: 69.99
vs MIL:IOT: 143.57
Seco SpA's Days Payable
increased
from Mar. 2025 (97.99) to Mar. 2026 (119.98).
It may suggest that Seco SpAdelayed paying its suppliers.
Seco SpA Days Payable Related Terms
Seco SpA Days Payable Historical Data
* Premium members only.
The historical data trend for Seco 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.
MIL:IOT vs SNDK, DELL, STX: Days Payable Comparison
For the Computer Hardware subindustry, Seco 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.
Seco SpA Days Payable vs Hardware Industry
For the Hardware industry and Technology sector, Seco SpA's Days Payable distribution charts can be found below:
* The bar in red indicates where Seco SpA'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.
Seco SpA'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.
Seco SpA (MIL:IOT) has a Days Payable of 119.98 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Seco SpA and its competitors. This is 18% below median its historical median of 146.21. Over the past decade, Seco SpA's Days Payable has ranged from 132.51 to 179.32. According to the industry distribution chart, Seco SpA ranks #442 out of 2441 companies in the Hardware industry, placing it in the top 18.1%.
Is Seco SpA's Days Payable too high?
Seco SpA's current Days Payable of 119.98 is 18% below median its 10-year median of 146.21. Over the past 10 years, this metric has ranged from a low of 132.51 to a high of 179.32. The Hardware industry median Days Payable is 69.99. Seco SpA's value of 119.98 is 71.4% above this industry median. Based on the distribution chart, Seco SpA ranks #442 out of 2441 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Seco SpA has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Seco SpA's Days Payable compare to SNDK and DELL?
According to the Hardware industry distribution chart, Seco SpA ranks #442 out of 2441 companies for Days Payable. This places Seco SpA in the top 18% of its industry — outperforming the majority of peers. The industry median Days Payable is 69.99. Seco SpA's value of 119.98 is 71.4% above this benchmark. Historically, Seco SpA's own Days Payable has ranged from 132.51 to 179.32 over the past decade. While the company's 10-year median is 146.21 vs. the industry median of 69.99, Seco 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 Hardware company?
The median Days Payable among Hardware companies is 69.99, based on 2,441 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. Seco SpA's current Days Payable of 119.98 is 71.4% 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 Seco SpA and its competitors. For the Hardware industry, the median Days Payable is 69.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Seco SpA's current Days Payable is 119.98, which is 18% below median its own 10-year median of 146.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Seco SpA stock overvalued right now?
Based on GuruFocus' analysis, Seco SpA (MIL:IOT) is currently considered Fairly Valued. The stock's GF Value™ is €3.07, compared to a current price of €3.25 — trading 5.7% above its estimated fair value. The current Days Payable is 119.98, which is 18% below median its 10-year median of 146.21 and 71.4% above the Hardware industry median of 69.99. Seco SpA's overall GF Score™ is 82/100 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 Seco SpA (MIL:IOT), the current Days Payable is 119.98 as of Mar. 2026. 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 Seco SpA (MIL:IOT) Overvalued in 2026?
Based on GuruFocus' analysis, Seco SpA stock appears to be overvalued.
The current stock price of €3.25 is trading 5.7% above its estimated GF Value™ of €3.07.
GuruFocus considers Seco SpA to be Fairly Valued.
Key valuation signals for MIL:IOT:
Days Payable: 119.98 (18% below median its 10-year median of 146.21)
GF Value™: €3.07 vs. price of €3.25 (5.7% above fair value)
Industry Position: 71.4% above the Hardware median (#442 of 2441)
No single metric tells the full story. See the MIL:IOT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Seco SpA is engaged in designing and developing embedded computing solutions and technologies for the digitization of industrial products, focusing on Edge Computing, Internet of Things (IoT), and Artificial Intelligence (AI). The group mainly serves industrial OEMs and system integrators through a business-to-business model, offering both hardware solutions-such as modules, single board computers, and HMI systems-and its proprietary Clea IoT-AI software platform for connectivity, device management, and AI deployment. The company operates through two segments: Seco and Seco NE.
82GF Score
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