Technical Publications Service SpA (MIL:TPS) Days Payable: 48.40 (As of Dec. 2025) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MIL:TPS Technical Publications Service SpA MIL:TPS
94 GF Score
Price €8.45
GF Value €7.25
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Technical Publications Service SpA Days Payable?

Technical Publications Service SpA MIL:TPS 94 Days Payable is 48.40 as of Dec. 2025, which is 8% below its 10-year median of 52.33. GuruFocus rates MIL:TPS with a GF Score™ of 94/100 and a GF Value™ of €7.25 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 968 Transportation companies, Technical Publications Service SpA ranks better than 59.92% on this metric.

Technical Publications Service SpA's average Accounts Payable for the six months ended in Dec. 2025 was €3.51 Mil. Technical Publications Service SpA's Cost of Goods Sold for the six months ended in Dec. 2025 was €13.23 Mil. Hence, Technical Publications Service SpA's Days Payable for the six months ended in Dec. 2025 was 48.40.

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

MIL:TPS' s Days Payable Range Over the Past 10 Years
Min: 37.7   Med: 52.33   Max: 192.29
Current: 49.05

During the past 11 years, Technical Publications Service SpA's highest Days Payable was 192.29. The lowest was 37.70. And the median was 52.33.

MIL:TPS's Days Payable is ranked better than
59.92% of 968 companies
in the Transportation industry
Industry Median: 38.705 vs MIL:TPS: 49.05

Technical Publications Service SpA's Days Payable declined from Dec. 2024 (55.96) to Dec. 2025 (48.40). It may suggest that Technical Publications Service SpA accelerated paying its suppliers.


Technical Publications Service SpA Days Payable Related Terms


Technical Publications Service SpA Days Payable Historical Data

* Premium members only.

The historical data trend for Technical Publications Service 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.

Technical Publications Service SpA Days Payable Chart

Technical Publications Service 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 37.70 40.95 54.51 59.70 46.93

Technical Publications Service SpA Semi-Annual Data
Jun16 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 57.54 66.46 55.96 51.86 48.40

MIL:TPS vs JOBY, CAAP: Days Payable Comparison

For the Airports & Air Services subindustry, Technical Publications Service 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.


Technical Publications Service SpA Days Payable vs Transportation Industry

For the Transportation industry and Industrials sector, Technical Publications Service SpA's Days Payable distribution charts can be found below:

* The bar in red indicates where Technical Publications Service SpA's Days Payable falls into.


MIL:TPS
94GF Score
Technical Publications Service SpA MIL:TPS
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Technical Publications Service 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.

Technical Publications Service 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
=( (3.59 + 3.175) / 2 ) / 26.31*365
=3.3825 / 26.31*365
=46.93

Technical Publications Service 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
=( (3.843 + 3.175) / 2 ) / 13.232*365 / 2
=3.509 / 13.232*365 / 2
=48.40

* 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 48.40 mean?
Technical Publications Service SpA (MIL:TPS) has a Days Payable of 48.40 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 Technical Publications Service SpA and its competitors. This is near median its historical median of 52.33. Over the past decade, Technical Publications Service SpA's Days Payable has ranged from 37.70 to 192.29. According to the industry distribution chart, Technical Publications Service SpA ranks #388 out of 968 companies in the Transportation industry, placing it in the top 40.1%.
Is Technical Publications Service SpA's Days Payable too high?
Technical Publications Service SpA's current Days Payable of 48.40 is near median its 10-year median of 52.33. Over the past 10 years, this metric has ranged from a low of 37.70 to a high of 192.29. The Transportation industry median Days Payable is 38.71. Technical Publications Service SpA's value of 48.40 is 25% above this industry median. Based on the distribution chart, Technical Publications Service SpA ranks #388 out of 968 companies in the Transportation industry, which is above the industry midpoint. Overall, Technical Publications Service SpA has a GF Score™ of 94/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Technical Publications Service SpA's Days Payable compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Technical Publications Service SpA ranks #388 out of 968 companies for Days Payable. This puts Technical Publications Service SpA in the upper half of its industry. The industry median Days Payable is 38.71. Technical Publications Service SpA's value of 48.40 is 25% above this benchmark. Historically, Technical Publications Service SpA's own Days Payable has ranged from 37.70 to 192.29 over the past decade. While the company's 10-year median is 52.33 vs. the industry median of 38.71, Technical Publications Service 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 Transportation company?
The median Days Payable among Transportation companies is 38.71, based on 968 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. Technical Publications Service SpA's current Days Payable of 48.40 is 25% 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 Technical Publications Service SpA and its competitors. For the Transportation industry, the median Days Payable is 38.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Technical Publications Service SpA's current Days Payable is 48.40, which is near median its own 10-year median of 52.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Technical Publications Service SpA stock overvalued right now?
Based on GuruFocus' analysis, Technical Publications Service SpA (MIL:TPS) is currently considered Modestly Overvalued. The stock's GF Value™ is €7.25, compared to a current price of €8.45 — trading 16.6% above its estimated fair value. The current Days Payable is 48.40, which is near median its 10-year median of 52.33 and 25% above the Transportation industry median of 38.71. Technical Publications Service SpA's overall GF Score™ is 94/100 with 5 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 Technical Publications Service SpA (MIL:TPS), the current Days Payable is 48.40 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 Technical Publications Service SpA (MIL:TPS) Overvalued in 2026?

Based on GuruFocus' analysis, Technical Publications Service SpA stock appears to be overvalued. The current stock price of €8.45 is trading 16.6% above its estimated GF Value™ of €7.25. GuruFocus considers Technical Publications Service SpA to be Modestly Overvalued.

Key valuation signals for MIL:TPS:

  • Days Payable: 48.40 (near median its 10-year median of 52.33)
  • GF Value™: €7.25 vs. price of €8.45 (16.6% above fair value)
  • GF Score™: 94/100 with 5 warning signs
  • Industry Position: 25% above the Transportation median (#388 of 968)

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


Technical Publications Service SpA Business Description

Address Via Lazzaretto 12/C, Gallarate, ITA, 21013
Technical Publications Service SpA provides technical publications services to the aerospace industry. The company creates logistical support, use and maintenance manuals, spare parts catalogs, after-sales support documents, etc.
94GF Score

Get the complete analysis for MIL:TPS

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

€8.45
Price
€7.25
GF Value