Miller IndustriesMLR +3.03%86 Days Payable is 48.32 as of Mar. 2026, which is 16% below its 10-year median of 57.23. GuruFocus rates MLR with a GF Score™ of 86/100 and a GF Value™ of $33.53 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,313 Vehicles & Parts companies, Miller Industries ranks worse than 62.22% on this metric.
The historical rank and industry rank for Miller Industries's Days Payable or its related term are showing as below:
MLR'
s Days Payable Range Over the Past 10 Years
Min: 49.05 Med: 57.23 Max: 61.14
Current: 52.8
During the past 13 years, Miller Industries's highest Days Payable was 61.14. The lowest was 49.05. And the median was 57.23.
MLR's Days Payable is ranked worse than 62.22% of 1313
companies
in the Vehicles & Parts industry
Industry Median: 67.12
vs MLR: 52.80
Miller Industries's Days Payable
declined
from Mar. 2025 (61.73) to Mar. 2026 (48.32).
It may suggest that Miller Industriesaccelerated paying its suppliers.
Miller Industries Days Payable Related Terms
Miller Industries Days Payable Historical Data
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The historical data trend for Miller Industries'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 Auto Parts subindustry, Miller Industries'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.
Miller Industries Days Payable vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Miller Industries's Days Payable distribution charts can be found below:
* The bar in red indicates where Miller Industries'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.
Miller Industries'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.
Miller Industries (MLR) has a Days Payable of 48.32 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 Miller Industries and its competitors. This is 16% below median its historical median of 57.23. Over the past decade, Miller Industries' Days Payable has ranged from 49.05 to 61.14. According to the industry distribution chart, Miller Industries ranks #817 out of 1313 companies in the Vehicles & Parts industry, placing it in the top 62.2%.
Is Miller Industries' Days Payable too high?
Miller Industries' current Days Payable of 48.32 is 16% below median its 10-year median of 57.23. Over the past 10 years, this metric has ranged from a low of 49.05 to a high of 61.14. The Vehicles & Parts industry median Days Payable is 67.12. Miller Industries' value of 48.32 is 28% below this industry median. Based on the distribution chart, Miller Industries ranks #817 out of 1313 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Miller Industries has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Miller Industries' Days Payable compare to CPS and MVST?
According to the Vehicles & Parts industry distribution chart, Miller Industries ranks #817 out of 1313 companies for Days Payable. This places Miller Industries in the lower half of its industry. The industry median Days Payable is 67.12. Miller Industries' value of 48.32 is 28% below this benchmark. Historically, Miller Industries' own Days Payable has ranged from 49.05 to 61.14 over the past decade. While the company's 10-year median is 57.23 vs. the industry median of 67.12, Miller Industries has consistently been below 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 67.12, based on 1,313 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. Miller Industries's current Days Payable of 48.32 is 28% below 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 Miller Industries and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Miller Industries's current Days Payable is 48.32, which is 16% below median its own 10-year median of 57.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Miller Industries stock overvalued right now?
Based on GuruFocus' analysis, Miller Industries (MLR) is currently considered Significantly Overvalued. The stock's GF Value™ is $33.53, compared to a current price of $52.33 — trading 56.1% above its estimated fair value. The current Days Payable is 48.32, which is 16% below median its 10-year median of 57.23 and 28% below the Vehicles & Parts industry median of 67.12. Miller Industries' overall GF Score™ is 86/100 with 9 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 Miller Industries (MLR), the current Days Payable is 48.32 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 Miller Industries (MLR) Overvalued in 2026?
Based on GuruFocus' analysis, Miller Industries stock appears to be overvalued.
The current stock price of $52.33 is trading 56.1% above its estimated GF Value™ of $33.53.
GuruFocus considers Miller Industries to be Significantly Overvalued.
Key valuation signals for MLR:
Days Payable: 48.32 (16% below median its 10-year median of 57.23)
GF Value™: $33.53 vs. price of $52.33 (56.1% above fair value)
Industry Position: 28% below the Vehicles & Parts median (#817 of 1313)
No single metric tells the full story. See the MLR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Miller Industries Inc is a manufacturer of Towing and Recovery Equipment. The company designs and manufactures bodies of car carriers and wreckers, which are installed on chassis manufactured by third parties, and sold to customers. Its product lines include car carriers, light duty, heavy duty, rotators, special transport, military, wreckers, and transport trailers. It sells products under various brands including Century, Vulcan, Chevron, Holmes, Challenger, Champion, Jige, Boniface, Omars, Titan, and Eagle.
86GF Score
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