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Southern Alliance MiningSGX:QNS 46 Days Payable is 40.40 as of Jan. 2026, which is 12% above its 10-year median of 36.07. GuruFocus rates SGX:QNS with a GF Score™ of 46/100 and a GF Value™ of S$0.84 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 598 Steel companies, Southern Alliance Mining ranks worse than 56.02% on this metric.
* 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, Southern Alliance Mining'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.
Southern Alliance Mining Days Payable vs Steel Industry
For the Steel industry and Basic Materials sector, Southern Alliance Mining's Days Payable distribution charts can be found below:
* The bar in red indicates where Southern Alliance Mining'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.
Southern Alliance Mining's Days Payable for the fiscal year that ended in Jul. 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.
Southern Alliance Mining (SGX:QNS) has a Days Payable of 40.40 as of Jan. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Southern Alliance Mining and its competitors. This is 12% above median its historical median of 36.07. Over the past decade, Southern Alliance Mining's Days Payable has ranged from 19.29 to 136.91. According to the industry distribution chart, Southern Alliance Mining ranks #335 out of 598 companies in the Steel industry, placing it in the top 56%.
Is Southern Alliance Mining's Days Payable too high?
Southern Alliance Mining's current Days Payable of 40.40 is 12% above median its 10-year median of 36.07. Over the past 10 years, this metric has ranged from a low of 19.29 to a high of 136.91. The Steel industry median Days Payable is 41.39. Southern Alliance Mining's value of 40.40 is 2.4% below this industry median. Based on the distribution chart, Southern Alliance Mining ranks #335 out of 598 companies in the Steel industry, which is below the industry midpoint. Overall, Southern Alliance Mining has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Southern Alliance Mining's Days Payable compare to NUE and STLD?
According to the Steel industry distribution chart, Southern Alliance Mining ranks #335 out of 598 companies for Days Payable. This places Southern Alliance Mining in the lower half of its industry. The industry median Days Payable is 41.39. Southern Alliance Mining's value of 40.40 is 2.4% below this benchmark. Historically, Southern Alliance Mining's own Days Payable has ranged from 19.29 to 136.91 over the past decade. While the company's 10-year median is 36.07 vs. the industry median of 41.39, Southern Alliance Mining 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. Southern Alliance Mining's current Days Payable of 40.40 is 2.4% 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 Southern Alliance Mining 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. Southern Alliance Mining's current Days Payable is 40.40, which is 12% above median its own 10-year median of 36.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southern Alliance Mining stock overvalued right now?
Based on GuruFocus' analysis, Southern Alliance Mining (SGX:QNS) is currently considered Possible Value Trap. The stock's GF Value™ is S$0.84, compared to a current price of S$0.41 — trading 51.2% below its estimated fair value. The current Days Payable is 40.40, which is 12% above median its 10-year median of 36.07 and 2.4% below the Steel industry median of 41.39. Southern Alliance Mining's overall GF Score™ is 46/100 with 3 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 Southern Alliance Mining (SGX:QNS), the current Days Payable is 40.40 as of Jan. 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 Southern Alliance Mining (SGX:QNS) Overvalued in 2026?
Based on GuruFocus' analysis, Southern Alliance Mining stock appears to be undervalued.
The current stock price of S$0.41 is trading 51.2% below its estimated GF Value™ of S$0.84.
GuruFocus considers Southern Alliance Mining to be Possible Value Trap.
Key valuation signals for SGX:QNS:
Days Payable: 40.40 (12% above median its 10-year median of 36.07)
GF Value™: S$0.84 vs. price of S$0.41 (51.2% below fair value)
Industry Position: 2.4% below the Steel median (#335 of 598)
No single metric tells the full story. See the SGX:QNS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Southern Alliance Mining Ltd is engaged in the exploration, mining, and processing of iron ore for subsequent sale. The principal activities of the company are those of investment holding and provision of management services. The company mines, produces, and sells iron ore, which includes processed iron ore concentrate typically sold to steel mills or traders, and crushed iron ore that is used as a pipe coating material. It mines at the Chaah mine, an open-pit mine located in the southwest of the township of Chaah.
46GF Score
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