Indigy PCL (BKK:IDG) Days Payable: 7.10 (As of Dec. 2025) — 29% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:IDG Indigy PCL BKK:IDG
22 GF Score
Price ฿1.27
! 1 Warning Sign
View Full Analysis

What is Indigy PCL Days Payable?

Indigy PCL BKK:IDG -1.55% 22 Days Payable is 7.10 as of Dec. 2025, which is 29% below its 10-year median of 10.04. GuruFocus rates BKK:IDG with a GF Score™ of 22/100. The stock has 1 warning sign investors should review. Among 2,605 Software companies, Indigy PCL ranks worse than 92.44% on this metric.

Indigy PCL's average Accounts Payable for the six months ended in Dec. 2025 was ฿1.2 Mil. Indigy PCL's Cost of Goods Sold for the six months ended in Dec. 2025 was ฿31.4 Mil. Hence, Indigy PCL's Days Payable for the six months ended in Dec. 2025 was 7.10.

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

BKK:IDG' s Days Payable Range Over the Past 10 Years
Min: 5.43   Med: 10.04   Max: 12.78
Current: 9.46

During the past 3 years, Indigy PCL's highest Days Payable was 12.78. The lowest was 5.43. And the median was 10.04.

BKK:IDG's Days Payable is ranked worse than
92.44% of 2605 companies
in the Software industry
Industry Median: 52.79 vs BKK:IDG: 9.46

Indigy PCL's Days Payable declined from Dec. 2024 (13.27) to Dec. 2025 (7.10). It may suggest that Indigy PCL accelerated paying its suppliers.


Indigy PCL Days Payable Historical Data

* Premium members only.

The historical data trend for Indigy 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.

Indigy PCL Days Payable Chart

Indigy PCL Annual Data
Trend Dec23 Dec24 Dec25
Days Payable
5.43 10.04 12.78

Indigy PCL Semi-Annual Data
Dec23 Jun24 Dec24 Jun25 Dec25
Days Payable 0.00 6.06 13.27 8.47 7.10

BKK:IDG vs IBM, ACN, FISV: Days Payable Comparison

For the Information Technology Services subindustry, Indigy 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.


Indigy PCL Days Payable vs Software Industry

For the Software industry and Technology sector, Indigy PCL's Days Payable distribution charts can be found below:

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


BKK:IDG
22GF Score
Indigy PCL BKK:IDG
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indigy 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.

Indigy 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
=( (2.562 + 1.946) / 2 ) / 64.395*365
=2.254 / 64.395*365
=12.78

Indigy PCL's Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (0.5 + 1.946) / 2 ) / 31.415*365 / 2
=1.223 / 31.415*365 / 2
=7.10

* 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 7.10 mean?
Indigy PCL (BKK:IDG) has a Days Payable of 7.10 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 Indigy PCL and its competitors. This is 29% below median its historical median of 10.04. Over the past decade, Indigy PCL's Days Payable has ranged from 5.43 to 12.78. According to the industry distribution chart, Indigy PCL ranks #2408 out of 2605 companies in the Software industry, placing it in the top 92.4%.
Is Indigy PCL's Days Payable too high?
Indigy PCL's current Days Payable of 7.10 is 29% below median its 10-year median of 10.04. Over the past 10 years, this metric has ranged from a low of 5.43 to a high of 12.78. The Software industry median Days Payable is 52.79. Indigy PCL's value of 7.10 is 86.6% below this industry median. Based on the distribution chart, Indigy PCL ranks #2408 out of 2605 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Indigy PCL has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Indigy PCL's Days Payable compare to IBM and ACN?
According to the Software industry distribution chart, Indigy PCL ranks #2408 out of 2605 companies for Days Payable. This places Indigy PCL in the lower half of its industry. The industry median Days Payable is 52.79. Indigy PCL's value of 7.10 is 86.6% below this benchmark. Historically, Indigy PCL's own Days Payable has ranged from 5.43 to 12.78 over the past decade. While the company's 10-year median is 10.04 vs. the industry median of 52.79, Indigy 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 Software company?
The median Days Payable among Software companies is 52.79, based on 2,605 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. Indigy PCL's current Days Payable of 7.10 is 86.6% 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 Indigy PCL and its competitors. For the Software industry, the median Days Payable is 52.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indigy PCL's current Days Payable is 7.10, which is 29% below median its own 10-year median of 10.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indigy PCL stock overvalued right now?
Indigy PCL (BKK:IDG) has a current Days Payable of 7.10. The current Days Payable is 7.10, which is 29% below median its 10-year median of 10.04 and 86.6% below the Software industry median of 52.79. Indigy PCL's overall GF Score™ is 22/100 with 1 warning sign 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 Indigy PCL (BKK:IDG), the current Days Payable is 7.10 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.

Indigy PCL Business Description

Address 11th floor, Soi Ladprao 3, No. 3 Promphan Building 3, Unit No. 1105 - 1110, Chom Phon Sub-district, Chatuchak District, Bangkok, THA, 10900
Indigy PCL provides consulting services, training, sourcing software and hardware, delivering digital platforms, and developing websites and computer programs. Its products include 365+ CENTER, 365+ APPS, 365+ MODERN PORTAL, 365+ HUB, 365+ INTRANET, 365+ Document Management System (DMS), Hexnode MDM/UEM, 365+ Document Tracking, 365+ E-MEMO, Microsoft Project Online, Microsoft 365 Dynamics / Dynamics 365 Business Central, among others. It operates in two segments, Services and Sales of Software with the majority of the revenue deriving from the Services segment.
22GF Score

Get the complete analysis for BKK:IDG

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

฿1.27
Price