Mie CoNGO:3442 +2.62%66 Days Payable is 39.93 as of Mar. 2026, which is 18% below its 10-year median of 48.53. GuruFocus rates NGO:3442 with a GF Score™ of 66/100 and a GF Value™ of 円1,450.09 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 597 Steel companies, Mie Co ranks better than 50.59% on this metric.
Mie Co's average Accounts Payable for the
six
months ended in Mar. 2026 was 円625 Mil. Mie Co's Cost of Goods Sold for the
six
months ended in Mar. 2026 was 円2,858 Mil.
Hence, Mie Co's Days Payable for the
six
months ended in Mar. 2026 was 39.93.
The historical rank and industry rank for Mie Co's Days Payable or its related term are showing as below:
NGO:3442'
s Days Payable Range Over the Past 10 Years
Min: 30.6 Med: 48.53 Max: 53.16
Current: 42.52
During the past 13 years, Mie Co's highest Days Payable was 53.16. The lowest was 30.60. And the median was 48.53.
NGO:3442's Days Payable is ranked better than 50.59% of 597
companies
in the Steel industry
Industry Median: 41.39
vs NGO:3442: 42.52
Mie Co's Days Payable
declined
from Mar. 2025 (42.42) to Mar. 2026 (39.93).
It may suggest that Mie Coaccelerated paying its suppliers.
Mie Co Days Payable Related Terms
Mie Co Days Payable Historical Data
* Premium members only.
The historical data trend for Mie Co'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.
NGO:3442 vs NUE, STLD, RS: Days Payable Comparison
For the Steel subindustry, Mie Co'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.
Mie Co Days Payable vs Steel Industry
For the Steel industry and Basic Materials sector, Mie Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Mie Co'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.
Mie Co's Days Payable for the fiscal year that ended in Mar. 2026 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.
Mie Co (NGO:3442) has a Days Payable of 39.93 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 Mie Co and its competitors. This is 18% below median its historical median of 48.53. Over the past decade, Mie Co's Days Payable has ranged from 30.60 to 53.16. According to the industry distribution chart, Mie Co ranks #295 out of 597 companies in the Steel industry, placing it in the top 49.4%.
Is Mie Co's Days Payable too high?
Mie Co's current Days Payable of 39.93 is 18% below median its 10-year median of 48.53. Over the past 10 years, this metric has ranged from a low of 30.60 to a high of 53.16. The Steel industry median Days Payable is 41.39. Mie Co's value of 39.93 is 3.5% below this industry median. Based on the distribution chart, Mie Co ranks #295 out of 597 companies in the Steel industry, which is above the industry midpoint. Overall, Mie Co has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mie Co's Days Payable compare to NUE and STLD?
According to the Steel industry distribution chart, Mie Co ranks #295 out of 597 companies for Days Payable. This puts Mie Co in the upper half of its industry. The industry median Days Payable is 41.39. Mie Co's value of 39.93 is 3.5% below this benchmark. Historically, Mie Co's own Days Payable has ranged from 30.60 to 53.16 over the past decade. While the company's 10-year median is 48.53 vs. the industry median of 41.39, Mie Co 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 597 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. Mie Co's current Days Payable of 39.93 is 3.5% 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 Mie Co 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. Mie Co's current Days Payable is 39.93, which is 18% below median its own 10-year median of 48.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mie Co stock overvalued right now?
Based on GuruFocus' analysis, Mie Co (NGO:3442) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,450.09, compared to a current price of 円1,607.00 — trading 10.8% above its estimated fair value. The current Days Payable is 39.93, which is 18% below median its 10-year median of 48.53 and 3.5% below the Steel industry median of 41.39. Mie Co's overall GF Score™ is 66/100 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 Mie Co (NGO:3442), the current Days Payable is 39.93 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 Mie Co (NGO:3442) Overvalued in 2026?
Based on GuruFocus' analysis, Mie Co stock appears to be overvalued.
The current stock price of 円1,607.00 is trading 10.8% above its estimated GF Value™ of 円1,450.09.
GuruFocus considers Mie Co to be Modestly Overvalued.
Key valuation signals for NGO:3442:
Days Payable: 39.93 (18% below median its 10-year median of 48.53)
GF Value™: 円1,450.09 vs. price of 円1,607.00 (10.8% above fair value)
Industry Position: 3.5% below the Steel median (#295 of 597)
No single metric tells the full story. See the NGO:3442 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mie Corp Co Ltd is a Japanese holding company. The company, through its subsidiaries, is engaged in the manufacturing of stainless steel fittings and flanges and the prefabricated piping processing of piping equipment. The products of the company include butt weld type fitting, housing type pipe fitting, and stainless steel pipe flange.
66GF Score
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