Asia Plus Group Holdings PCL (BKK:ASP) Days Payable: 148.36 (As of Mar. 2026) — 59% Below Median


BKK:ASP Asia Plus Group Holdings PCL BKK:ASP
69 GF Score
Price ฿2.16
GF Value ฿2.20
Valuation Fairly Valued
! 6 Warning Signs
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What is Asia Plus Group Holdings PCL Days Payable?

Asia Plus Group Holdings PCL BKK:ASP 69 Days Payable is 148.36 as of Mar. 2026, which is 59% below its 10-year median of 360.09. GuruFocus rates BKK:ASP with a GF Score™ of 69/100 and a GF Value™ of ฿2.20 (Fairly Valued). The stock has 6 warning signs investors should review. Among 541 Capital Markets companies, Asia Plus Group Holdings PCL ranks better than 64.51% on this metric.

Asia Plus Group Holdings PCL's average Accounts Payable for the three months ended in Mar. 2026 was ฿669 Mil. Asia Plus Group Holdings PCL's Cost of Goods Sold for the three months ended in Mar. 2026 was ฿412 Mil. Hence, Asia Plus Group Holdings PCL's Days Payable for the three months ended in Mar. 2026 was 148.36.

The historical rank and industry rank for Asia Plus Group Holdings PCL's Days Payable or its related term are showing as below:

BKK:ASP' s Days Payable Range Over the Past 10 Years
Min: 130.69   Med: 360.09   Max: 547.4
Current: 268.56

During the past 13 years, Asia Plus Group Holdings PCL's highest Days Payable was 547.40. The lowest was 130.69. And the median was 360.09.

BKK:ASP's Days Payable is ranked better than
64.51% of 541 companies
in the Capital Markets industry
Industry Median: 92.89 vs BKK:ASP: 268.56

Asia Plus Group Holdings PCL's Days Payable declined from Mar. 2025 (253.89) to Mar. 2026 (148.36). It may suggest that Asia Plus Group Holdings PCL accelerated paying its suppliers.


Asia Plus Group Holdings PCL Days Payable Historical Data

* Premium members only.

The historical data trend for Asia Plus Group Holdings PCL'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.

Asia Plus Group Holdings PCL Days Payable Chart

Asia Plus Group Holdings PCL 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 317.38 427.98 436.24 206.52 130.69

Asia Plus Group Holdings PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 253.89 318.24 337.56 292.71 148.36

BKK:ASP vs MS, GS, SCHW: Days Payable Comparison

For the Capital Markets subindustry, Asia Plus Group Holdings PCL'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.


Asia Plus Group Holdings PCL Days Payable vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Asia Plus Group Holdings PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where Asia Plus Group Holdings PCL's Days Payable falls into.


BKK:ASP
69GF Score
Asia Plus Group Holdings PCL BKK:ASP
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Asia Plus Group Holdings PCL 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.

Asia Plus Group Holdings PCL'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
=( (563.198 + 439.138) / 2 ) / 1399.716*365
=501.168 / 1399.716*365
=130.69

Asia Plus Group Holdings PCL's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (439.138 + 899.129) / 2 ) / 411.545*365 / 4
=669.1335 / 411.545*365 / 4
=148.36

* 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 148.36 mean?
Asia Plus Group Holdings PCL (BKK:ASP) has a Days Payable of 148.36 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 Asia Plus Group Holdings PCL and its competitors. This is 59% below median its historical median of 360.09. Over the past decade, Asia Plus Group Holdings PCL's Days Payable has ranged from 130.69 to 547.40. According to the industry distribution chart, Asia Plus Group Holdings PCL ranks #192 out of 541 companies in the Capital Markets industry, placing it in the top 35.5%.
Is Asia Plus Group Holdings PCL's Days Payable too high?
Asia Plus Group Holdings PCL's current Days Payable of 148.36 is 59% below median its 10-year median of 360.09. Over the past 10 years, this metric has ranged from a low of 130.69 to a high of 547.40. The Capital Markets industry median Days Payable is 92.89. Asia Plus Group Holdings PCL's value of 148.36 is 59.7% above this industry median. Based on the distribution chart, Asia Plus Group Holdings PCL ranks #192 out of 541 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Asia Plus Group Holdings PCL has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asia Plus Group Holdings PCL's Days Payable compare to MS and GS?
According to the Capital Markets industry distribution chart, Asia Plus Group Holdings PCL ranks #192 out of 541 companies for Days Payable. This puts Asia Plus Group Holdings PCL in the upper half of its industry. The industry median Days Payable is 92.89. Asia Plus Group Holdings PCL's value of 148.36 is 59.7% above this benchmark. Historically, Asia Plus Group Holdings PCL's own Days Payable has ranged from 130.69 to 547.40 over the past decade. While the company's 10-year median is 360.09 vs. the industry median of 92.89, Asia Plus Group Holdings PCL 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 92.89, based on 541 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. Asia Plus Group Holdings PCL's current Days Payable of 148.36 is 59.7% 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 Asia Plus Group Holdings PCL and its competitors. For the Capital Markets industry, the median Days Payable is 92.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Plus Group Holdings PCL's current Days Payable is 148.36, which is 59% below median its own 10-year median of 360.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Plus Group Holdings PCL stock overvalued right now?
Based on GuruFocus' analysis, Asia Plus Group Holdings PCL (BKK:ASP) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.20, compared to a current price of ฿2.16 — trading 1.8% below its estimated fair value. The current Days Payable is 148.36, which is 59% below median its 10-year median of 360.09 and 59.7% above the Capital Markets industry median of 92.89. Asia Plus Group Holdings PCL's overall GF Score™ is 69/100 with 6 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 Asia Plus Group Holdings PCL (BKK:ASP), the current Days Payable is 148.36 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 Asia Plus Group Holdings PCL (BKK:ASP) Overvalued in 2026?

Based on GuruFocus' analysis, Asia Plus Group Holdings PCL stock appears to be undervalued. The current stock price of ฿2.16 is trading 1.8% below its estimated GF Value™ of ฿2.20. GuruFocus considers Asia Plus Group Holdings PCL to be Fairly Valued.

Key valuation signals for BKK:ASP:

  • Days Payable: 148.36 (59% below median its 10-year median of 360.09)
  • GF Value™: ฿2.20 vs. price of ฿2.16 (1.8% below fair value)
  • GF Score™: 69/100 with 6 warning signs
  • Industry Position: 59.7% above the Capital Markets median (#192 of 541)

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


Asia Plus Group Holdings PCL Business Description

Address No. 175, South Sathorn Road, 3/1 Floor, Sathorn City Tower, Thungmahamek, Sathorn, Bangkok, THA, 10120
Asia Plus Group Holdings PCL is a Thailand-based company engaged in investing. It is involved in the business activities of securities brokerage, securities trading, investment advisory, underwriting, securities borrowing and lending, private fund management, mutual fund management, and venture capital management. All the business operations of the company are principally carried out in Thailand. The operating segments of the group are Securities and derivatives brokerage, Investment banking, Fund Management, Investment trading, and others. It generates the majority of its revenue from the Fund Management segment.
69GF Score

Get the complete analysis for BKK:ASP

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

฿2.16
Price
฿2.20
GF Value