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Novatech IndustriesXPAR:MLNOV 71 Days Payable is 98.10 as of Dec. 2025, which is 12% above its 10-year median of 87.51. GuruFocus rates XPAR:MLNOV with a GF Score™ of 71/100 and a GF Value™ of €11.88 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,443 Hardware companies, Novatech Industries ranks better than 67.25% on this metric.
The historical rank and industry rank for Novatech Industries's Days Payable or its related term are showing as below:
XPAR:MLNOV'
s Days Payable Range Over the Past 10 Years
Min: 74.02 Med: 87.51 Max: 128.84
Current: 98.1
During the past 12 years, Novatech Industries's highest Days Payable was 128.84. The lowest was 74.02. And the median was 87.51.
XPAR:MLNOV's Days Payable is ranked better than 67.25% of 2443
companies
in the Hardware industry
Industry Median: 69.94
vs XPAR:MLNOV: 98.10
Novatech Industries's Days Payable
declined
from Dec. 2023 (110.48) to Dec. 2025 (98.10).
It may suggest that Novatech Industriesaccelerated paying its suppliers.
Novatech Industries Days Payable Related Terms
Novatech Industries Days Payable Historical Data
* Premium members only.
The historical data trend for Novatech Industries'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.
XPAR:MLNOV vs APH, GLW, TEL: Days Payable Comparison
For the Electronic Components subindustry, Novatech Industries'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.
Novatech Industries Days Payable vs Hardware Industry
For the Hardware industry and Technology sector, Novatech Industries's Days Payable distribution charts can be found below:
* The bar in red indicates where Novatech Industries'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.
Novatech Industries'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.
Novatech Industries (XPAR:MLNOV) has a Days Payable of 98.10 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 Novatech Industries and its competitors. This is 12% above median its historical median of 87.51. Over the past decade, Novatech Industries' Days Payable has ranged from 74.02 to 128.84. According to the industry distribution chart, Novatech Industries ranks #800 out of 2443 companies in the Hardware industry, placing it in the top 32.7%.
Is Novatech Industries' Days Payable too high?
Novatech Industries' current Days Payable of 98.10 is 12% above median its 10-year median of 87.51. Over the past 10 years, this metric has ranged from a low of 74.02 to a high of 128.84. The Hardware industry median Days Payable is 69.94. Novatech Industries' value of 98.10 is 40.3% above this industry median. Based on the distribution chart, Novatech Industries ranks #800 out of 2443 companies in the Hardware industry, which is above the industry midpoint. Overall, Novatech Industries has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Novatech Industries' Days Payable compare to APH and GLW?
According to the Hardware industry distribution chart, Novatech Industries ranks #800 out of 2443 companies for Days Payable. This puts Novatech Industries in the upper half of its industry. The industry median Days Payable is 69.94. Novatech Industries' value of 98.10 is 40.3% above this benchmark. Historically, Novatech Industries' own Days Payable has ranged from 74.02 to 128.84 over the past decade. While the company's 10-year median is 87.51 vs. the industry median of 69.94, Novatech Industries 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 Hardware company?
The median Days Payable among Hardware companies is 69.94, based on 2,443 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. Novatech Industries's current Days Payable of 98.10 is 40.3% 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 Novatech Industries and its competitors. For the Hardware industry, the median Days Payable is 69.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novatech Industries's current Days Payable is 98.10, which is 12% above median its own 10-year median of 87.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novatech Industries stock overvalued right now?
Based on GuruFocus' analysis, Novatech Industries (XPAR:MLNOV) is currently considered Significantly Overvalued. The stock's GF Value™ is €11.88, compared to a current price of €16.20 — trading 36.4% above its estimated fair value. The current Days Payable is 98.10, which is 12% above median its 10-year median of 87.51 and 40.3% above the Hardware industry median of 69.94. Novatech Industries' overall GF Score™ is 71/100 with 2 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 Novatech Industries (XPAR:MLNOV), the current Days Payable is 98.10 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 Novatech Industries (XPAR:MLNOV) Overvalued in 2026?
Based on GuruFocus' analysis, Novatech Industries stock appears to be overvalued.
The current stock price of €16.20 is trading 36.4% above its estimated GF Value™ of €11.88.
GuruFocus considers Novatech Industries to be Significantly Overvalued.
Key valuation signals for XPAR:MLNOV:
Days Payable: 98.10 (12% above median its 10-year median of 87.51)
GF Value™: €11.88 vs. price of €16.20 (36.4% above fair value)
Industry Position: 40.3% above the Hardware median (#800 of 2443)
No single metric tells the full story. See the XPAR:MLNOV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Novatech Industries is engaged in electronic sub-contracting services. It operates in two main activities: the assembly of electric components supplied by contractors and the manufacture of electronic cards.
71GF Score
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