G Steel PCL (BKK:GSTEEL) Days Payable: 13.02 (As of Mar. 2026) — Near Median

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What is G Steel PCL Days Payable?

G Steel PCL BKK:GSTEEL Days Payable is 13.02 as of Mar. 2026, which is 1% below its 10-year median of 13.15. The stock has 4 warning signs investors should review.

G Steel PCL's average Accounts Payable for the three months ended in Mar. 2026 was ฿570 Mil. G Steel PCL's Cost of Goods Sold for the three months ended in Mar. 2026 was ฿3,993 Mil. Hence, G Steel PCL's Days Payable for the three months ended in Mar. 2026 was 13.02.

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

BKK:GSTEEL' s Days Payable Range Over the Past 10 Years
Min: 4.72   Med: 13.15   Max: 136.87
Current: 13.64

During the past 13 years, G Steel PCL's highest Days Payable was 136.87. The lowest was 4.72. And the median was 13.15.

BKK:GSTEEL's Days Payable is not ranked
in the Steel industry.
Industry Median: 41.37 vs BKK:GSTEEL: 13.64

G Steel PCL's Days Payable increased from Mar. 2025 (11.07) to Mar. 2026 (13.02). It may suggest that G Steel PCL delayed paying its suppliers.


G Steel PCL Days Payable Historical Data

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The historical data trend for G Steel 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.

G Steel PCL Days Payable Chart

G Steel 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 4.72 5.96 7.39 6.14 10.02

G Steel 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 11.07 13.79 12.62 10.44 13.02

BKK:GSTEEL vs NUE, STLD: Days Payable Comparison

For the Steel subindustry, G Steel 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.


G Steel PCL Days Payable vs Steel Industry

For the Steel industry and Basic Materials sector, G Steel PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where G Steel PCL's Days Payable falls into.



G Steel 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.

G Steel 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
=( (189.046 + 336.691) / 2 ) / 9579.21*365
=262.8685 / 9579.21*365
=10.02

G Steel 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
=( (336.691 + 802.867) / 2 ) / 3993.33*365 / 4
=569.779 / 3993.33*365 / 4
=13.02

* 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 13.02 mean?
G Steel PCL (BKK:GSTEEL) has a Days Payable of 13.02 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 G Steel PCL and its competitors. This is near median its historical median of 13.15. Over the past decade, G Steel PCL's Days Payable has ranged from 4.72 to 136.87.
Is G Steel PCL's Days Payable too high?
G Steel PCL's current Days Payable of 13.02 is near median its 10-year median of 13.15. Over the past 10 years, this metric has ranged from a low of 4.72 to a high of 136.87. The Steel industry median Days Payable is 41.37. G Steel PCL's value of 13.02 is 68.5% below this industry median.
How does G Steel PCL's Days Payable compare to NUE and STLD?
G Steel PCL's Days Payable of 13.02 can be compared against companies in the Steel industry. The industry median Days Payable is 41.37. G Steel PCL's value of 13.02 is 68.5% below this benchmark. Historically, G Steel PCL's own Days Payable has ranged from 4.72 to 136.87 over the past decade. While the company's 10-year median is 13.15 vs. the industry median of 41.37, G Steel 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 Steel company?
The median Days Payable among Steel companies is 41.37, based on 598 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. G Steel PCL's current Days Payable of 13.02 is 68.5% 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 G Steel PCL and its competitors. For the Steel industry, the median Days Payable is 41.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. G Steel PCL's current Days Payable is 13.02, which is near median its own 10-year median of 13.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is G Steel PCL stock overvalued right now?
G Steel PCL (BKK:GSTEEL) has a current Days Payable of 13.02. The stock's GF Value™ is ฿0.04, compared to a current price of ฿0.09 — trading 125% above its estimated fair value. The current Days Payable is 13.02, which is near median its 10-year median of 13.15 and 68.5% below the Steel industry median of 41.37. 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 G Steel PCL (BKK:GSTEEL), the current Days Payable is 13.02 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.

G Steel PCL Business Description

Address Silom Road, Suriyawong, 88, Paso Tower, 18th Floor, Bangrak, Bangkok, THA, 10500
G Steel PCL is engaged in manufacturing and distributing hot rolled coil steel products. It offers cold rolled steel sheets, galvanized steel, steel pipes, steel products for construction, automobile and parts and electrical appliances. The company's products serve as raw materials for downstream industries as cold-rolled coils, galvanized steel, steel pipe, structural steel products for construction, LPG container, automobile, electrical appliance as well as steel furniture industries. It operates in a single line of business, namely manufacturing of flat-rolled steel products. Geographically, the company operates in Thailand.