TMGEF (Thermal Energy International) Days Payable: 37.19 (As of Feb. 2026) — 15% Below Median


TMGEF Thermal Energy International Inc TMGEF
65 GF Score
Price $0.12
GF Value $0.18
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Thermal Energy International Days Payable?

Thermal Energy International TMGEF +7.44% 65 Days Payable is 37.19 as of Feb. 2026, which is 15% below its 10-year median of 43.72. GuruFocus rates TMGEF with a GF Score™ of 65/100 and a GF Value™ of $0.18 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,993 Industrial Products companies, Thermal Energy International ranks worse than 76.88% on this metric.

Thermal Energy International's average Accounts Payable for the three months ended in Feb. 2026 was $1.77 Mil. Thermal Energy International's Cost of Goods Sold for the three months ended in Feb. 2026 was $4.34 Mil. Hence, Thermal Energy International's Days Payable for the three months ended in Feb. 2026 was 37.19.

The historical rank and industry rank for Thermal Energy International's Days Payable or its related term are showing as below:

TMGEF' s Days Payable Range Over the Past 10 Years
Min: 29.06   Med: 43.72   Max: 86.25
Current: 41.12

During the past 13 years, Thermal Energy International's highest Days Payable was 86.25. The lowest was 29.06. And the median was 43.72.

TMGEF's Days Payable is ranked worse than
76.88% of 2993 companies
in the Industrial Products industry
Industry Median: 78.08 vs TMGEF: 41.12

Thermal Energy International's Days Payable declined from Feb. 2025 (58.03) to Feb. 2026 (37.19). It may suggest that Thermal Energy International accelerated paying its suppliers.


Thermal Energy International Days Payable Historical Data

* Premium members only.

The historical data trend for Thermal Energy International'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.

Thermal Energy International Days Payable Chart

Thermal Energy International Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38.22 30.00 46.50 63.77 41.62

Thermal Energy International Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 58.03 51.66 44.94 40.33 37.19

TMGEF vs VLTO, ZWS, CECO: Days Payable Comparison

For the Pollution & Treatment Controls subindustry, Thermal Energy International'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.


Thermal Energy International Days Payable vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Thermal Energy International's Days Payable distribution charts can be found below:

* The bar in red indicates where Thermal Energy International's Days Payable falls into.


TMGEF
65GF Score
Thermal Energy International Inc TMGEF
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thermal Energy International Days Payable Calculation

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.

Thermal Energy International's Days Payable for the fiscal year that ended in May. 2025 is calculated as

Days Payable (A: May. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: May. 2024 ) + Accounts Payable (A: May. 2025 )) / count ) / Cost of Goods Sold (A: May. 2025 )*Days in Period
=( (1.777 + 1.09) / 2 ) / 12.573*365
=1.4335 / 12.573*365
=41.62

Thermal Energy International's Days Payable for the quarter that ended in Feb. 2026 is calculated as:

Days Payable (Q: Feb. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Nov. 2025 ) + Accounts Payable (Q: Feb. 2026 )) / count ) / Cost of Goods Sold (Q: Feb. 2026 )*Days in Period
=( (2.363 + 1.175) / 2 ) / 4.341*365 / 4
=1.769 / 4.341*365 / 4
=37.19

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 37.19 mean?
Thermal Energy International (TMGEF) has a Days Payable of 37.19 as of Feb. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Thermal Energy International and its competitors. This is 15% below median its historical median of 43.72. Over the past decade, Thermal Energy International's Days Payable has ranged from 29.06 to 86.25. According to the industry distribution chart, Thermal Energy International ranks #2301 out of 2993 companies in the Industrial Products industry, placing it in the top 76.9%.
Is Thermal Energy International's Days Payable too high?
Thermal Energy International's current Days Payable of 37.19 is 15% below median its 10-year median of 43.72. Over the past 10 years, this metric has ranged from a low of 29.06 to a high of 86.25. The Industrial Products industry median Days Payable is 78.08. Thermal Energy International's value of 37.19 is 52.4% below this industry median. Based on the distribution chart, Thermal Energy International ranks #2301 out of 2993 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Thermal Energy International has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Thermal Energy International's Days Payable compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Thermal Energy International ranks #2301 out of 2993 companies for Days Payable. This places Thermal Energy International in the lower half of its industry. The industry median Days Payable is 78.08. Thermal Energy International's value of 37.19 is 52.4% below this benchmark. Historically, Thermal Energy International's own Days Payable has ranged from 29.06 to 86.25 over the past decade. While the company's 10-year median is 43.72 vs. the industry median of 78.08, Thermal Energy International 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 78.08, based on 2,993 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. Thermal Energy International's current Days Payable of 37.19 is 52.4% 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 Thermal Energy International and its competitors. For the Industrial Products industry, the median Days Payable is 78.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thermal Energy International's current Days Payable is 37.19, which is 15% below median its own 10-year median of 43.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thermal Energy International stock overvalued right now?
Based on GuruFocus' analysis, Thermal Energy International (TMGEF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.18, compared to a current price of $0.12 — trading 35.1% below its estimated fair value. The current Days Payable is 37.19, which is 15% below median its 10-year median of 43.72 and 52.4% below the Industrial Products industry median of 78.08. Thermal Energy International's overall GF Score™ is 65/100 with 4 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 Thermal Energy International (TMGEF), the current Days Payable is 37.19 as of Feb. 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 Thermal Energy International (TMGEF) Overvalued in 2026?

Based on GuruFocus' analysis, Thermal Energy International stock appears to be undervalued. The current stock price of $0.12 is trading 35.1% below its estimated GF Value™ of $0.18. GuruFocus considers Thermal Energy International to be Possible Value Trap.

Key valuation signals for TMGEF:

  • Days Payable: 37.19 (15% below median its 10-year median of 43.72)
  • GF Value™: $0.18 vs. price of $0.12 (35.1% below fair value)
  • GF Score™: 65/100 with 4 warning signs
  • Industry Position: 52.4% below the Industrial Products median (#2301 of 2993)

No single metric tells the full story. See the TMGEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thermal Energy International Business Description

Other Exchanges EUW:GermanyTMG:Canada
Address 36 Antares Drive, Suite 850, Ottawa, ON, CAN, K2E 7W5
Thermal Energy International Inc is a supplier of proprietary, energy efficiency and emissions reduction solutions to the industrial and institutional sectors. It markets, sells, engineers, fabricates, constructs, installs and supports technology lines - heat recovery solutions and condensate return system solutions. The product portfolio consists of GEM steam traps, FLU-ACE - direct contact condensing heat recovery, and Dry Rex - low-temperature biomass drying systems. The operating segment includes geographical areas that reflect the core business which has units located in Ottawa, Canada and Bristol, UK. The firm derives revenue from Canada, the UK, Germany, France, Poland, India, etc and the rest of the world. Substantial sales revenue comes from the USA.
65GF Score

Get the complete analysis for TMGEF

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.12
Price
$0.18
GF Value