Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Nicolas MiguetXPAR:MLNMA 27 Days Payable is 785.76 as of Dec. 2025, which is at its 10-year median of 785.76. GuruFocus rates XPAR:MLNMA with a GF Score™ of 27/100. The stock has 1 warning sign investors should review. Among 539 Capital Markets companies, Nicolas Miguet ranks better than 78.66% on this metric.
The historical rank and industry rank for Nicolas Miguet's Days Payable or its related term are showing as below:
XPAR:MLNMA'
s Days Payable Range Over the Past 10 Years
Min: 201.24 Med: 785.76 Max: 1111.85
Current: 785.76
During the past 3 years, Nicolas Miguet's highest Days Payable was 1111.85. The lowest was 201.24. And the median was 785.76.
XPAR:MLNMA's Days Payable is ranked better than 78.66% of 539
companies
in the Capital Markets industry
Industry Median: 88.46
vs XPAR:MLNMA: 785.76
Nicolas Miguet's Days Payable
increased
from Dec. 2023 (201.24) to Dec. 2025 (785.76).
It may suggest that Nicolas Miguetdelayed paying its suppliers.
Nicolas Miguet Days Payable Related Terms
Nicolas Miguet Days Payable Historical Data
* Premium members only.
The historical data trend for Nicolas Miguet'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.
Nicolas Miguet Days Payable Chart
Nicolas Miguet Annual Data
Trend
Dec23
Dec24
Dec25
Days Payable
201.24
1,111.85
785.76
Nicolas Miguet Semi-Annual Data
Dec23
Dec24
Dec25
Days Payable
201.24
1,111.85
785.76
XPAR:MLNMA vs SPGI, CME, MCO: Days Payable Comparison
For the Financial Data & Stock Exchanges subindustry, Nicolas Miguet'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.
Nicolas Miguet Days Payable vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Nicolas Miguet's Days Payable distribution charts can be found below:
* The bar in red indicates where Nicolas Miguet'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.
Nicolas Miguet's Days Payable for the fiscal year that ended in Dec. 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.
Nicolas Miguet (XPAR:MLNMA) has a Days Payable of 785.76 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 Nicolas Miguet and its competitors. This is near median its historical median of 785.76. Over the past decade, Nicolas Miguet's Days Payable has ranged from 201.24 to 1,111.85. According to the industry distribution chart, Nicolas Miguet ranks #115 out of 539 companies in the Capital Markets industry, placing it in the top 21.3%.
Is Nicolas Miguet's Days Payable too high?
Nicolas Miguet's current Days Payable of 785.76 is near median its 10-year median of 785.76. Over the past 10 years, this metric has ranged from a low of 201.24 to a high of 1,111.85. The Capital Markets industry median Days Payable is 88.46. Nicolas Miguet's value of 785.76 is 788.3% above this industry median. Based on the distribution chart, Nicolas Miguet ranks #115 out of 539 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Nicolas Miguet has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does Nicolas Miguet's Days Payable compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Nicolas Miguet ranks #115 out of 539 companies for Days Payable. This places Nicolas Miguet in the top 21% of its industry — outperforming the majority of peers. The industry median Days Payable is 88.46. Nicolas Miguet's value of 785.76 is 788.3% above this benchmark. Historically, Nicolas Miguet's own Days Payable has ranged from 201.24 to 1,111.85 over the past decade. While the company's 10-year median is 785.76 vs. the industry median of 88.46, Nicolas Miguet 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 Capital Markets company?
The median Days Payable among Capital Markets companies is 88.46, based on 539 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. Nicolas Miguet's current Days Payable of 785.76 is 788.3% 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 Nicolas Miguet and its competitors. For the Capital Markets industry, the median Days Payable is 88.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nicolas Miguet's current Days Payable is 785.76, which is near median its own 10-year median of 785.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nicolas Miguet stock overvalued right now?
Nicolas Miguet (XPAR:MLNMA) has a current Days Payable of 785.76. The current Days Payable is 785.76, which is near median its 10-year median of 785.76 and 788.3% above the Capital Markets industry median of 88.46. Nicolas Miguet's overall GF Score™ is 27/100 with 1 warning sign 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 Nicolas Miguet (XPAR:MLNMA), the current Days Payable is 785.76 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.
Nicolas Miguet is engaged in stock exchange consulting. The company produces stock exchange information and distributes it through various media, including the press, the Internet, and the telephone.
27GF Score
Get the complete analysis for XPAR:MLNMA
Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XPAR:MLNMA has been successfully added to your 
