Cho Thavee PCL (BKK:CHO) Days Payable: 166.79 (As of Sep. 2025) — 53% Above Median


What is Cho Thavee PCL Days Payable?

Cho Thavee PCL BKK:CHO Days Payable is 166.79 as of Sep. 2025, which is 53% above its 10-year median of 109.21. The stock has 6 warning signs investors should review. Among 208 Farm & Heavy Construction Machinery companies, Cho Thavee PCL ranks better than 92.31% on this metric.

Cho Thavee PCL's average Accounts Payable for the three months ended in Sep. 2025 was ฿289.2 Mil. Cho Thavee PCL's Cost of Goods Sold for the three months ended in Sep. 2025 was ฿158.2 Mil. Hence, Cho Thavee PCL's Days Payable for the three months ended in Sep. 2025 was 166.79.

The historical rank and industry rank for Cho Thavee PCL's Days Payable or its related term are showing as below:

BKK:CHO' s Days Payable Range Over the Past 10 Years
Min: 25.64   Med: 109.21   Max: 298.58
Current: 288.62

During the past 13 years, Cho Thavee PCL's highest Days Payable was 298.58. The lowest was 25.64. And the median was 109.21.

BKK:CHO's Days Payable is ranked better than
92.31% of 208 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 69.415 vs BKK:CHO: 288.62

Cho Thavee PCL's Days Payable declined from Sep. 2024 (637.00) to Sep. 2025 (166.79). It may suggest that Cho Thavee PCL accelerated paying its suppliers.


Cho Thavee PCL Days Payable Historical Data

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The historical data trend for Cho Thavee 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.

Cho Thavee PCL Days Payable Chart

Cho Thavee PCL Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 135.07 183.97 164.89 238.00 298.58

Cho Thavee PCL Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 637.00 332.26 417.23 276.74 166.79

BKK:CHO vs CAT, DE, PCAR: Days Payable Comparison

For the Farm & Heavy Construction Machinery subindustry, Cho Thavee 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.


Cho Thavee PCL Days Payable vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Cho Thavee PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where Cho Thavee PCL's Days Payable falls into.



Cho Thavee 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.

Cho Thavee PCL's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

Days Payable (A: Dec. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2023 ) + Accounts Payable (A: Dec. 2024 )) / count ) / Cost of Goods Sold (A: Dec. 2024 )*Days in Period
=( (312.534 + 282.163) / 2 ) / 363.494*365
=297.3485 / 363.494*365
=298.58

Cho Thavee PCL's Days Payable for the quarter that ended in Sep. 2025 is calculated as:

Days Payable (Q: Sep. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2025 ) + Accounts Payable (Q: Sep. 2025 )) / count ) / Cost of Goods Sold (Q: Sep. 2025 )*Days in Period
=( (297.335 + 281.102) / 2 ) / 158.231*365 / 4
=289.2185 / 158.231*365 / 4
=166.79

* 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 166.79 mean?
Cho Thavee PCL (BKK:CHO) has a Days Payable of 166.79 as of Sep. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Cho Thavee PCL and its competitors. This is 53% above median its historical median of 109.21. Over the past decade, Cho Thavee PCL's Days Payable has ranged from 25.64 to 298.58. According to the industry distribution chart, Cho Thavee PCL ranks #16 out of 208 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 7.7%.
Is Cho Thavee PCL's Days Payable too high?
Cho Thavee PCL's current Days Payable of 166.79 is 53% above median its 10-year median of 109.21. Over the past 10 years, this metric has ranged from a low of 25.64 to a high of 298.58. The Farm & Heavy Construction Machinery industry median Days Payable is 69.42. Cho Thavee PCL's value of 166.79 is 140.3% above this industry median. Based on the distribution chart, Cho Thavee PCL ranks #16 out of 208 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers.
How does Cho Thavee PCL's Days Payable compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Cho Thavee PCL ranks #16 out of 208 companies for Days Payable. This places Cho Thavee PCL in the top 8% of its industry — outperforming the majority of peers. The industry median Days Payable is 69.42. Cho Thavee PCL's value of 166.79 is 140.3% above this benchmark. Historically, Cho Thavee PCL's own Days Payable has ranged from 25.64 to 298.58 over the past decade. While the company's 10-year median is 109.21 vs. the industry median of 69.42, Cho Thavee 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 Farm & Heavy Construction Machinery company?
The median Days Payable among Farm & Heavy Construction Machinery companies is 69.42, based on 208 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. Cho Thavee PCL's current Days Payable of 166.79 is 140.3% 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 Cho Thavee PCL and its competitors. For the Farm & Heavy Construction Machinery industry, the median Days Payable is 69.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cho Thavee PCL's current Days Payable is 166.79, which is 53% above median its own 10-year median of 109.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cho Thavee PCL stock overvalued right now?
Based on GuruFocus' analysis, Cho Thavee PCL (BKK:CHO) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.05, compared to a current price of ฿0.02 — trading 60% below its estimated fair value. The current Days Payable is 166.79, which is 53% above median its 10-year median of 109.21 and 140.3% above the Farm & Heavy Construction Machinery industry median of 69.42. 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 Cho Thavee PCL (BKK:CHO), the current Days Payable is 166.79 as of Sep. 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.

Cho Thavee PCL Business Description

Address 265 Moo 4, Klang Muang Road, Tambol Muang Khao, Amphur Muang, Khon Kaen, THA, 40000
Cho Thavee PCL along with its subsidiaries engages in the manufacturing, selling and providing service of trailer assembly, vehicles, and special equipment. The company's products comprise standard products, which include trucks, semi-trailer, full-trailer; and other related products. Its segments include deriving revenue from contracts such as standard products, special products and project contract; revenue from sales such as the sale of spare parts and vehicle prototype; and revenue from service such as maintenance service centre. The group has a business presence in Thailand and other countries, of which a majority of revenue is derived from Thailand.