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MGX ResourcesMTGRF 50 Days Payable is 27.18 as of Dec. 2025, which is 1% below its 10-year median of 27.57. GuruFocus rates MTGRF with a GF Score™ of 50/100 and a GF Value™ of $0.24. The stock has 2 warning signs investors should review. Among 598 Steel companies, MGX Resources ranks worse than 58.7% on this metric.
The historical rank and industry rank for MGX Resources's Days Payable or its related term are showing as below:
MTGRF'
s Days Payable Range Over the Past 10 Years
Min: 6.12 Med: 27.57 Max: 53.57
Current: 34.1
During the past 13 years, MGX Resources's highest Days Payable was 53.57. The lowest was 6.12. And the median was 27.57.
MTGRF's Days Payable is ranked worse than 58.7% of 598
companies
in the Steel industry
Industry Median: 41.385
vs MTGRF: 34.10
MGX Resources's Days Payable
declined
from Dec. 2024 (36.42) to Dec. 2025 (27.18).
It may suggest that MGX Resourcesaccelerated paying its suppliers.
MGX Resources Days Payable Related Terms
MGX Resources Days Payable Historical Data
* Premium members only.
The historical data trend for MGX Resources'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 Steel subindustry, MGX Resources'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.
MGX Resources Days Payable vs Steel Industry
For the Steel industry and Basic Materials sector, MGX Resources's Days Payable distribution charts can be found below:
* The bar in red indicates where MGX Resources'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.
MGX Resources's Days Payable for the fiscal year that ended in Jun. 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.
MGX Resources (MTGRF) has a Days Payable of 27.18 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 MGX Resources and its competitors. This is near median its historical median of 27.57. Over the past decade, MGX Resources' Days Payable has ranged from 6.12 to 53.57. According to the industry distribution chart, MGX Resources ranks #351 out of 598 companies in the Steel industry, placing it in the top 58.7%.
Is MGX Resources' Days Payable too high?
MGX Resources' current Days Payable of 27.18 is near median its 10-year median of 27.57. Over the past 10 years, this metric has ranged from a low of 6.12 to a high of 53.57. The Steel industry median Days Payable is 41.39. MGX Resources' value of 27.18 is 34.3% below this industry median. Based on the distribution chart, MGX Resources ranks #351 out of 598 companies in the Steel industry, which is below the industry midpoint. Overall, MGX Resources has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does MGX Resources' Days Payable compare to NUE and STLD?
According to the Steel industry distribution chart, MGX Resources ranks #351 out of 598 companies for Days Payable. This places MGX Resources in the lower half of its industry. The industry median Days Payable is 41.39. MGX Resources' value of 27.18 is 34.3% below this benchmark. Historically, MGX Resources' own Days Payable has ranged from 6.12 to 53.57 over the past decade. While the company's 10-year median is 27.57 vs. the industry median of 41.39, MGX Resources 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 Steel company?
The median Days Payable among Steel companies is 41.39, based on 598 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. MGX Resources's current Days Payable of 27.18 is 34.3% 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 MGX Resources and its competitors. For the Steel industry, the median Days Payable is 41.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MGX Resources's current Days Payable is 27.18, which is near median its own 10-year median of 27.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGX Resources stock overvalued right now?
MGX Resources (MTGRF) has a current Days Payable of 27.18. The stock's GF Value™ is $0.24, compared to a current price of $0.26 — trading 7.7% above its estimated fair value. The current Days Payable is 27.18, which is near median its 10-year median of 27.57 and 34.3% below the Steel industry median of 41.39. MGX Resources' overall GF Score™ is 50/100 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 MGX Resources (MTGRF), the current Days Payable is 27.18 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 MGX Resources (MTGRF) Overvalued in 2026?
Based on GuruFocus' analysis, MGX Resources stock appears to be overvalued.
The current stock price of $0.26 is trading 7.7% above its estimated GF Value™ of $0.24.
Key valuation signals for MTGRF:
Days Payable: 27.18 (near median its 10-year median of 27.57)
GF Value™: $0.24 vs. price of $0.26 (7.7% above fair value)
Industry Position: 34.3% below the Steel median (#351 of 598)
No single metric tells the full story. See the MTGRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MGX Resources Ltd is an Australian mining company. The company's flagship production asset is the Koolan Island mine in WA's Kimberley region. The Company also holds precious and base metals exploration tenements in the Mid-West and Gascoyne regions of Western Australia. Its other projects include the Central Tanami Gold Project and the WA Exploration - Tallering Peak and Edmund Basin.
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