VNE SpAMIL:VNE 33 Days Payable is 309.15 as of Dec. 2025, which is 29% above its 10-year median of 239.53. GuruFocus rates MIL:VNE with a GF Score™ of 33/100 and a GF Value™ of €3.72 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 2,997 Industrial Products companies, VNE SpA ranks better than 94.29% on this metric.
VNE SpA's average Accounts Payable for the
six
months ended in Dec. 2025 was €6.23 Mil. VNE SpA's Cost of Goods Sold for the
six
months ended in Dec. 2025 was €3.68 Mil.
Hence, VNE SpA's Days Payable for the
six
months ended in Dec. 2025 was 309.15.
The historical rank and industry rank for VNE SpA's Days Payable or its related term are showing as below:
MIL:VNE'
s Days Payable Range Over the Past 10 Years
Min: 197.62 Med: 239.53 Max: 291.4
Current: 291.4
During the past 5 years, VNE SpA's highest Days Payable was 291.40. The lowest was 197.62. And the median was 239.53.
MIL:VNE's Days Payable is ranked better than 94.29% of 2997
companies
in the Industrial Products industry
Industry Median: 77.54
vs MIL:VNE: 291.40
VNE SpA's Days Payable
increased
from Dec. 2024 (273.81) to Dec. 2025 (309.15).
It may suggest that VNE SpAdelayed paying its suppliers.
VNE SpA Days Payable Related Terms
VNE SpA Days Payable Historical Data
* Premium members only.
The historical data trend for VNE 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.
For the Specialty Industrial Machinery subindustry, VNE 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.
VNE SpA Days Payable vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, VNE SpA's Days Payable distribution charts can be found below:
* The bar in red indicates where VNE 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.
VNE 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.
VNE SpA (MIL:VNE) has a Days Payable of 309.15 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 VNE SpA and its competitors. This is 29% above median its historical median of 239.53. Over the past decade, VNE SpA's Days Payable has ranged from 197.62 to 291.40. According to the industry distribution chart, VNE SpA ranks #171 out of 2997 companies in the Industrial Products industry, placing it in the top 5.7%.
Is VNE SpA's Days Payable too high?
VNE SpA's current Days Payable of 309.15 is 29% above median its 10-year median of 239.53. Over the past 10 years, this metric has ranged from a low of 197.62 to a high of 291.40. The Industrial Products industry median Days Payable is 77.54. VNE SpA's value of 309.15 is 298.7% above this industry median. Based on the distribution chart, VNE SpA ranks #171 out of 2997 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, VNE SpA has a GF Score™ of 33/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does VNE SpA's Days Payable compare to GEV and ETN?
According to the Industrial Products industry distribution chart, VNE SpA ranks #171 out of 2997 companies for Days Payable. This places VNE SpA in the top 6% of its industry — outperforming the majority of peers. The industry median Days Payable is 77.54. VNE SpA's value of 309.15 is 298.7% above this benchmark. Historically, VNE SpA's own Days Payable has ranged from 197.62 to 291.40 over the past decade. While the company's 10-year median is 239.53 vs. the industry median of 77.54, VNE 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 77.54, based on 2,997 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. VNE SpA's current Days Payable of 309.15 is 298.7% 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 VNE SpA and its competitors. For the Industrial Products industry, the median Days Payable is 77.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VNE SpA's current Days Payable is 309.15, which is 29% above median its own 10-year median of 239.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VNE SpA stock overvalued right now?
Based on GuruFocus' analysis, VNE SpA (MIL:VNE) is currently considered Possible Value Trap. The stock's GF Value™ is €3.72, compared to a current price of €2.40 — trading 35.5% below its estimated fair value. The current Days Payable is 309.15, which is 29% above median its 10-year median of 239.53 and 298.7% above the Industrial Products industry median of 77.54. VNE SpA's overall GF Score™ is 33/100 with 2 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 VNE SpA (MIL:VNE), the current Days Payable is 309.15 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 VNE SpA (MIL:VNE) Overvalued in 2026?
Based on GuruFocus' analysis, VNE SpA stock appears to be undervalued.
The current stock price of €2.40 is trading 35.5% below its estimated GF Value™ of €3.72.
GuruFocus considers VNE SpA to be Possible Value Trap.
Key valuation signals for MIL:VNE:
Days Payable: 309.15 (29% above median its 10-year median of 239.53)
GF Value™: €3.72 vs. price of €2.40 (35.5% below fair value)
Industry Position: 298.7% above the Industrial Products median (#171 of 2997)
No single metric tells the full story. See the MIL:VNE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VNE SpA produces hardware and software for the management of banknotes, coins, and, more generally, payments and transactions through cash and cashless systems, offering a wide range of customized products. It creates, samples, and produces all its appliances internally. The company offers consulting and commercial assistance all over the world through a stable and efficient operating network; moreover, it guarantees qualified and immediate maintenance and technical assistance anywhere on every type of machine. The main markets where the company operates internationally are gambling, retail & vending, casino & ticket, and wherever there is a need to manage payments or automated transactions.
33GF Score
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