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Union Steel HoldingsSGX:ZB9 46 Days Payable is 50.55 as of Dec. 2025, which is 19% above its 10-year median of 42.58. GuruFocus rates SGX:ZB9 with a GF Score™ of 46/100 and a GF Value™ of S$0.50 (Fairly Valued). The stock has 5 warning signs investors should review. Among 230 Waste Management companies, Union Steel Holdings ranks better than 51.3% on this metric.
The historical rank and industry rank for Union Steel Holdings's Days Payable or its related term are showing as below:
SGX:ZB9'
s Days Payable Range Over the Past 10 Years
Min: 15.09 Med: 42.58 Max: 89.82
Current: 66.61
During the past 13 years, Union Steel Holdings's highest Days Payable was 89.82. The lowest was 15.09. And the median was 42.58.
SGX:ZB9's Days Payable is ranked better than 51.3% of 230
companies
in the Waste Management industry
Industry Median: 64.295
vs SGX:ZB9: 66.61
Union Steel Holdings's Days Payable
declined
from Dec. 2024 (64.49) to Dec. 2025 (50.55).
It may suggest that Union Steel Holdingsaccelerated paying its suppliers.
Union Steel Holdings Days Payable Related Terms
Union Steel Holdings Days Payable Historical Data
* Premium members only.
The historical data trend for Union Steel Holdings'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 Waste Management subindustry, Union Steel Holdings'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.
Union Steel Holdings Days Payable vs Waste Management Industry
For the Waste Management industry and Industrials sector, Union Steel Holdings's Days Payable distribution charts can be found below:
* The bar in red indicates where Union Steel Holdings'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.
Union Steel Holdings'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.
Union Steel Holdings (SGX:ZB9) has a Days Payable of 50.55 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 Union Steel Holdings and its competitors. This is 19% above median its historical median of 42.58. Over the past decade, Union Steel Holdings' Days Payable has ranged from 15.09 to 89.82. According to the industry distribution chart, Union Steel Holdings ranks #112 out of 230 companies in the Waste Management industry, placing it in the top 48.7%.
Is Union Steel Holdings' Days Payable too high?
Union Steel Holdings' current Days Payable of 50.55 is 19% above median its 10-year median of 42.58. Over the past 10 years, this metric has ranged from a low of 15.09 to a high of 89.82. The Waste Management industry median Days Payable is 64.30. Union Steel Holdings' value of 50.55 is 21.4% below this industry median. Based on the distribution chart, Union Steel Holdings ranks #112 out of 230 companies in the Waste Management industry, which is above the industry midpoint. Overall, Union Steel Holdings has a GF Score™ of 46/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Union Steel Holdings' Days Payable compare to WM and RSG?
According to the Waste Management industry distribution chart, Union Steel Holdings ranks #112 out of 230 companies for Days Payable. This puts Union Steel Holdings in the upper half of its industry. The industry median Days Payable is 64.30. Union Steel Holdings' value of 50.55 is 21.4% below this benchmark. Historically, Union Steel Holdings' own Days Payable has ranged from 15.09 to 89.82 over the past decade. While the company's 10-year median is 42.58 vs. the industry median of 64.30, Union Steel Holdings 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 Waste Management company?
The median Days Payable among Waste Management companies is 64.30, based on 230 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. Union Steel Holdings's current Days Payable of 50.55 is 21.4% 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 Union Steel Holdings and its competitors. For the Waste Management industry, the median Days Payable is 64.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Union Steel Holdings's current Days Payable is 50.55, which is 19% above median its own 10-year median of 42.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Union Steel Holdings stock overvalued right now?
Based on GuruFocus' analysis, Union Steel Holdings (SGX:ZB9) is currently considered Fairly Valued. The stock's GF Value™ is S$0.50, compared to a current price of S$0.48 — trading 5% below its estimated fair value. The current Days Payable is 50.55, which is 19% above median its 10-year median of 42.58 and 21.4% below the Waste Management industry median of 64.30. Union Steel Holdings' overall GF Score™ is 46/100 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 Union Steel Holdings (SGX:ZB9), the current Days Payable is 50.55 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 Union Steel Holdings (SGX:ZB9) Overvalued in 2026?
Based on GuruFocus' analysis, Union Steel Holdings stock appears to be undervalued.
The current stock price of S$0.48 is trading 5% below its estimated GF Value™ of S$0.50.
GuruFocus considers Union Steel Holdings to be Fairly Valued.
Key valuation signals for SGX:ZB9:
Days Payable: 50.55 (19% above median its 10-year median of 42.58)
GF Value™: S$0.50 vs. price of S$0.48 (5% below fair value)
Industry Position: 21.4% below the Waste Management median (#112 of 230)
No single metric tells the full story. See the SGX:ZB9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Union Steel Holdings Ltd is an investment holding company. Its operating segments are Metals, which include import and export of scrap metals, waste collection services, trading, and leasing of metal products.; Scaffolding that provides scaffolding services and related consultancy services; Engineering, including civil construction and engineering work, manufacturing of motor vehicle bodies, and sale and rental of marine deck equipment; and Others that include income from the rental of properties. The company generates the majority of revenue from the Metals segment. Geographically, the company operates mainly in Singapore, followed by India, Thailand, Malaysia, Indonesia, Pakistan, China, Bangladesh, and Other Countries.
46GF Score
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