Chai Watana Tannery Group PCL (BKK:CWT) Days Payable: 40.69 (As of Mar. 2026) — 23% Below Median

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BKK:CWT Chai Watana Tannery Group PCL BKK:CWT
35 GF Score
Price ฿1.01
GF Value ฿0.88
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Chai Watana Tannery Group PCL Days Payable?

Chai Watana Tannery Group PCL BKK:CWT +5.21% 35 Days Payable is 40.69 as of Mar. 2026, which is 23% below its 10-year median of 52.86. GuruFocus rates BKK:CWT with a GF Score™ of 35/100 and a GF Value™ of ฿0.88 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 509 Conglomerates companies, Chai Watana Tannery Group PCL ranks worse than 66.99% on this metric.

Chai Watana Tannery Group PCL's average Accounts Payable for the three months ended in Mar. 2026 was ฿135 Mil. Chai Watana Tannery Group PCL's Cost of Goods Sold for the three months ended in Mar. 2026 was ฿303 Mil. Hence, Chai Watana Tannery Group PCL's Days Payable for the three months ended in Mar. 2026 was 40.69.

The historical rank and industry rank for Chai Watana Tannery Group PCL's Days Payable or its related term are showing as below:

BKK:CWT' s Days Payable Range Over the Past 10 Years
Min: 39.87   Med: 52.86   Max: 73.84
Current: 41.5

During the past 13 years, Chai Watana Tannery Group PCL's highest Days Payable was 73.84. The lowest was 39.87. And the median was 52.86.

BKK:CWT's Days Payable is ranked worse than
66.99% of 509 companies
in the Conglomerates industry
Industry Median: 56.18 vs BKK:CWT: 41.50

Chai Watana Tannery Group PCL's Days Payable declined from Mar. 2025 (42.73) to Mar. 2026 (40.69). It may suggest that Chai Watana Tannery Group PCL accelerated paying its suppliers.


Chai Watana Tannery Group PCL Days Payable Historical Data

* Premium members only.

The historical data trend for Chai Watana Tannery Group 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.

Chai Watana Tannery Group PCL Days Payable Chart

Chai Watana Tannery Group 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 61.43 44.50 39.87 43.26 43.70

Chai Watana Tannery Group 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 42.73 42.63 41.63 39.72 40.69

BKK:CWT vs ORLY, AZO: Days Payable Comparison

For the Conglomerates subindustry, Chai Watana Tannery Group 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.


Chai Watana Tannery Group PCL Days Payable vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Chai Watana Tannery Group PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where Chai Watana Tannery Group PCL's Days Payable falls into.


BKK:CWT
35GF Score
Chai Watana Tannery Group PCL BKK:CWT
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Chai Watana Tannery Group 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.

Chai Watana Tannery Group 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
=( (138.972 + 133.264) / 2 ) / 1136.883*365
=136.118 / 1136.883*365
=43.70

Chai Watana Tannery Group 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
=( (133.264 + 137.375) / 2 ) / 303.48*365 / 4
=135.3195 / 303.48*365 / 4
=40.69

* 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 40.69 mean?
Chai Watana Tannery Group PCL (BKK:CWT) has a Days Payable of 40.69 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 Chai Watana Tannery Group PCL and its competitors. This is 23% below median its historical median of 52.86. Over the past decade, Chai Watana Tannery Group PCL's Days Payable has ranged from 39.87 to 73.84. According to the industry distribution chart, Chai Watana Tannery Group PCL ranks #341 out of 509 companies in the Conglomerates industry, placing it in the top 67%.
Is Chai Watana Tannery Group PCL's Days Payable too high?
Chai Watana Tannery Group PCL's current Days Payable of 40.69 is 23% below median its 10-year median of 52.86. Over the past 10 years, this metric has ranged from a low of 39.87 to a high of 73.84. The Conglomerates industry median Days Payable is 56.18. Chai Watana Tannery Group PCL's value of 40.69 is 27.6% below this industry median. Based on the distribution chart, Chai Watana Tannery Group PCL ranks #341 out of 509 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Chai Watana Tannery Group PCL has a GF Score™ of 35/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chai Watana Tannery Group PCL's Days Payable compare to ORLY and AZO?
According to the Conglomerates industry distribution chart, Chai Watana Tannery Group PCL ranks #341 out of 509 companies for Days Payable. This places Chai Watana Tannery Group PCL in the lower half of its industry. The industry median Days Payable is 56.18. Chai Watana Tannery Group PCL's value of 40.69 is 27.6% below this benchmark. Historically, Chai Watana Tannery Group PCL's own Days Payable has ranged from 39.87 to 73.84 over the past decade. While the company's 10-year median is 52.86 vs. the industry median of 56.18, Chai Watana Tannery Group PCL 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 Conglomerates company?
The median Days Payable among Conglomerates companies is 56.18, based on 509 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. Chai Watana Tannery Group PCL's current Days Payable of 40.69 is 27.6% 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 Chai Watana Tannery Group PCL and its competitors. For the Conglomerates industry, the median Days Payable is 56.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chai Watana Tannery Group PCL's current Days Payable is 40.69, which is 23% below median its own 10-year median of 52.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chai Watana Tannery Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Chai Watana Tannery Group PCL (BKK:CWT) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿0.88, compared to a current price of ฿1.01 — trading 14.8% above its estimated fair value. The current Days Payable is 40.69, which is 23% below median its 10-year median of 52.86 and 27.6% below the Conglomerates industry median of 56.18. Chai Watana Tannery Group PCL's overall GF Score™ is 35/100 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 Chai Watana Tannery Group PCL (BKK:CWT), the current Days Payable is 40.69 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 Chai Watana Tannery Group PCL (BKK:CWT) Overvalued in 2026?

Based on GuruFocus' analysis, Chai Watana Tannery Group PCL stock appears to be overvalued. The current stock price of ฿1.01 is trading 14.8% above its estimated GF Value™ of ฿0.88. GuruFocus considers Chai Watana Tannery Group PCL to be Modestly Overvalued.

Key valuation signals for BKK:CWT:

  • Days Payable: 40.69 (23% below median its 10-year median of 52.86)
  • GF Value™: ฿0.88 vs. price of ฿1.01 (14.8% above fair value)
  • GF Score™: 35/100 with 5 warning signs
  • Industry Position: 27.6% below the Conglomerates median (#341 of 509)

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


Chai Watana Tannery Group PCL Business Description

Address Sukhumvit Road, 176/1, 1480 Moo 1 Tannery Industrial District (K.M. 30), Thambon Thaiban, Amphur Maung, Samudprakarn, THA, 10280
Chai Watana Tannery Group PCL is a Thailand-based company engaged in diversified operations. The group operates through six reportable segments: Tannery Hide, Automotive Leather Cutting, Dog Chewable Toys, Furniture, Renewable Energy, and Design and Distribution of Aluminum Boats and Mini Buses. It generates the majority of its revenue from the Automotive Leather Cutting segment.
35GF Score

Get the complete analysis for BKK:CWT

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

฿1.01
Price
฿0.88
GF Value