* 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.
XKLS:3778 vs NUE, STLD, RS: Days Payable Comparison
For the Steel subindustry, Melewar Industrial Group Bhd'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.
Melewar Industrial Group Bhd Days Payable vs Steel Industry
For the Steel industry and Basic Materials sector, Melewar Industrial Group Bhd's Days Payable distribution charts can be found below:
* The bar in red indicates where Melewar Industrial Group Bhd's Days Payable falls into.
Melewar Industrial Group Bhd 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.
* 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.
Melewar Industrial Group Bhd (XKLS:3778) has a Days Payable of 1.71 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 Melewar Industrial Group Bhd and its competitors. This is 98% below median its historical median of 69.98. Over the past decade, Melewar Industrial Group Bhd's Days Payable has ranged from 5.86 to 93.52. According to the industry distribution chart, Melewar Industrial Group Bhd ranks #568 out of 598 companies in the Steel industry, placing it in the top 95%.
Is Melewar Industrial Group Bhd's Days Payable too high?
Melewar Industrial Group Bhd's current Days Payable of 1.71 is 98% below median its 10-year median of 69.98. Over the past 10 years, this metric has ranged from a low of 5.86 to a high of 93.52. The Steel industry median Days Payable is 41.39. Melewar Industrial Group Bhd's value of 1.71 is 95.9% below this industry median. Based on the distribution chart, Melewar Industrial Group Bhd ranks #568 out of 598 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Melewar Industrial Group Bhd has a GF Score™ of 29/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Melewar Industrial Group Bhd's Days Payable compare to NUE and STLD?
According to the Steel industry distribution chart, Melewar Industrial Group Bhd ranks #568 out of 598 companies for Days Payable. This places Melewar Industrial Group Bhd in the lower half of its industry. The industry median Days Payable is 41.39. Melewar Industrial Group Bhd's value of 1.71 is 95.9% below this benchmark. Historically, Melewar Industrial Group Bhd's own Days Payable has ranged from 5.86 to 93.52 over the past decade. While the company's 10-year median is 69.98 vs. the industry median of 41.39, Melewar Industrial Group Bhd 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. Melewar Industrial Group Bhd's current Days Payable of 1.71 is 95.9% 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 Melewar Industrial Group Bhd 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. Melewar Industrial Group Bhd's current Days Payable is 1.71, which is 98% below median its own 10-year median of 69.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Melewar Industrial Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Melewar Industrial Group Bhd (XKLS:3778) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.20, compared to a current price of RM0.13 — trading 35% below its estimated fair value. The current Days Payable is 1.71, which is 98% below median its 10-year median of 69.98 and 95.9% below the Steel industry median of 41.39. Melewar Industrial Group Bhd's overall GF Score™ is 29/100 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 Melewar Industrial Group Bhd (XKLS:3778), the current Days Payable is 1.71 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 Melewar Industrial Group Bhd (XKLS:3778) Overvalued in 2026?
Based on GuruFocus' analysis, Melewar Industrial Group Bhd stock appears to be undervalued.
The current stock price of RM0.13 is trading 35% below its estimated GF Value™ of RM0.20.
GuruFocus considers Melewar Industrial Group Bhd to be Possible Value Trap.
Key valuation signals for XKLS:3778:
Days Payable: 1.71 (98% below median its 10-year median of 69.98)
GF Value™: RM0.20 vs. price of RM0.13 (35% below fair value)
Industry Position: 95.9% below the Steel median (#568 of 598)
No single metric tells the full story. See the XKLS:3778 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Melewar Industrial Group Bhd along with its subsidiaries, operates in four reportable segments. The Steel Tube segment is in the business of manufacturing and sales of steel pipes and tubes. The Cold Rolled Coil segment is in the business of manufacturing and sales of cold-rolled coils. The investment holding segment refers to companies with investments in subsidiaries and companies with investments in quoted and unquoted equity securities. Others comprise companies involved in the food, trade-retail business, modular construction, and metal scraps trading businesses. It generates maximum revenue from the Cold rolled coil segment. Geographically, the group derives maximum revenue from Malaysia.
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