Messer Tehnogas a.d (XBEL:TGAS) Days Payable: 72.53 (As of Dec. 2025) — 36% Below Median


XBEL:TGAS Messer Tehnogas a.d XBEL:TGAS
100 GF Score
Price RSD34,001.00
GF Value RSD28,839.18
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Messer Tehnogas a.d Days Payable?

Messer Tehnogas a.d XBEL:TGAS 100 Days Payable is 72.53 as of Dec. 2025, which is 36% below its 10-year median of 112.53. GuruFocus rates XBEL:TGAS with a GF Score™ of 100/100 and a GF Value™ of RSD28,839.18 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,555 Chemicals companies, Messer Tehnogas a.d ranks better than 53.18% on this metric.

Messer Tehnogas a.d's average Accounts Payable for the six months ended in Dec. 2025 was RSD1,422 Mil. Messer Tehnogas a.d's Cost of Goods Sold for the six months ended in Dec. 2025 was RSD3,577 Mil. Hence, Messer Tehnogas a.d's Days Payable for the six months ended in Dec. 2025 was 72.53.

The historical rank and industry rank for Messer Tehnogas a.d's Days Payable or its related term are showing as below:

XBEL:TGAS' s Days Payable Range Over the Past 10 Years
Min: 63.56   Med: 112.53   Max: 203.6
Current: 63.56

During the past 13 years, Messer Tehnogas a.d's highest Days Payable was 203.60. The lowest was 63.56. And the median was 112.53.

XBEL:TGAS's Days Payable is ranked better than
53.18% of 1555 companies
in the Chemicals industry
Industry Median: 59.95 vs XBEL:TGAS: 63.56

Messer Tehnogas a.d's Days Payable declined from Dec. 2024 (98.56) to Dec. 2025 (72.53). It may suggest that Messer Tehnogas a.d accelerated paying its suppliers.


Messer Tehnogas a.d Days Payable Historical Data

* Premium members only.

The historical data trend for Messer Tehnogas a.d'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.

Messer Tehnogas a.d Days Payable Chart

Messer Tehnogas a.d Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 124.51 100.55 68.80 77.66 65.52

Messer Tehnogas a.d Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 93.84 60.94 98.56 55.75 72.53

XBEL:TGAS vs LIN, SHW, ECL: Days Payable Comparison

For the Specialty Chemicals subindustry, Messer Tehnogas a.d'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.


Messer Tehnogas a.d Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Messer Tehnogas a.d's Days Payable distribution charts can be found below:

* The bar in red indicates where Messer Tehnogas a.d's Days Payable falls into.


XBEL:TGAS
100GF Score
Messer Tehnogas a.d XBEL:TGAS
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Messer Tehnogas a.d 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.

Messer Tehnogas a.d's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (1750.503 + 1406.575) / 2 ) / 8793.919*365
=1578.539 / 8793.919*365
=65.52

Messer Tehnogas a.d's Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (1436.802 + 1406.575) / 2 ) / 3577.387*365 / 2
=1421.6885 / 3577.387*365 / 2
=72.53

* 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 72.53 mean?
Messer Tehnogas a.d (XBEL:TGAS) has a Days Payable of 72.53 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 Messer Tehnogas a.d and its competitors. This is 36% below median its historical median of 112.53. Over the past decade, Messer Tehnogas a.d's Days Payable has ranged from 63.56 to 203.60. According to the industry distribution chart, Messer Tehnogas a.d ranks #728 out of 1555 companies in the Chemicals industry, placing it in the top 46.8%.
Is Messer Tehnogas a.d's Days Payable too high?
Messer Tehnogas a.d's current Days Payable of 72.53 is 36% below median its 10-year median of 112.53. Over the past 10 years, this metric has ranged from a low of 63.56 to a high of 203.60. The Chemicals industry median Days Payable is 59.95. Messer Tehnogas a.d's value of 72.53 is 21% above this industry median. Based on the distribution chart, Messer Tehnogas a.d ranks #728 out of 1555 companies in the Chemicals industry, which is above the industry midpoint. Overall, Messer Tehnogas a.d has a GF Score™ of 100/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Messer Tehnogas a.d's Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, Messer Tehnogas a.d ranks #728 out of 1555 companies for Days Payable. This puts Messer Tehnogas a.d in the upper half of its industry. The industry median Days Payable is 59.95. Messer Tehnogas a.d's value of 72.53 is 21% above this benchmark. Historically, Messer Tehnogas a.d's own Days Payable has ranged from 63.56 to 203.60 over the past decade. While the company's 10-year median is 112.53 vs. the industry median of 59.95, Messer Tehnogas a.d has consistently been above 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 Chemicals company?
The median Days Payable among Chemicals companies is 59.95, based on 1,555 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. Messer Tehnogas a.d's current Days Payable of 72.53 is 21% above 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 Messer Tehnogas a.d and its competitors. For the Chemicals industry, the median Days Payable is 59.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Messer Tehnogas a.d's current Days Payable is 72.53, which is 36% below median its own 10-year median of 112.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Messer Tehnogas a.d stock overvalued right now?
Based on GuruFocus' analysis, Messer Tehnogas a.d (XBEL:TGAS) is currently considered Modestly Overvalued. The stock's GF Value™ is RSD28,839.18, compared to a current price of RSD34,001.00 — trading 17.9% above its estimated fair value. The current Days Payable is 72.53, which is 36% below median its 10-year median of 112.53 and 21% above the Chemicals industry median of 59.95. Messer Tehnogas a.d's overall GF Score™ is 100/100 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 Messer Tehnogas a.d (XBEL:TGAS), the current Days Payable is 72.53 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 Messer Tehnogas a.d (XBEL:TGAS) Overvalued in 2026?

Based on GuruFocus' analysis, Messer Tehnogas a.d stock appears to be overvalued. The current stock price of RSD34,001.00 is trading 17.9% above its estimated GF Value™ of RSD28,839.18. GuruFocus considers Messer Tehnogas a.d to be Modestly Overvalued.

Key valuation signals for XBEL:TGAS:

  • Days Payable: 72.53 (36% below median its 10-year median of 112.53)
  • GF Value™: RSD28,839.18 vs. price of RSD34,001.00 (17.9% above fair value)
  • GF Score™: 100/100 with 3 warning signs
  • Industry Position: 21% above the Chemicals median (#728 of 1555)

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


Messer Tehnogas a.d Business Description

Address Banjicki Put 62, Belgrade, SRB
Messer Tehnogas a.d. is engaged in the production and marketing of industrial and medical gases. The company serves steel and metal, metallurgy, chemical and petrochemical, food and beverage, pharmaceutical, automobile, electronics, medicine, home care, cutting and welding, water treatment and ecology and scientific research industry. Its products include oxygen, azot, argon, hydrogen, helium, home care, special gases, distribution line, HFC refrigerant fluids, natural cooling fluids, and other gases.
100GF Score

Get the complete analysis for XBEL:TGAS

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

RSD34,001.00
Price
RSD28,839.18
GF Value