Index International Group PCL (BKK:IND) Days Payable: 59.73 (As of Mar. 2026) — 23% Below Median


BKK:IND Index International Group PCL BKK:IND
87 GF Score
Price ฿0.89
GF Value ฿1.37
Valuation Possible Value Trap
! 4 Warning Signs
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What is Index International Group PCL Days Payable?

Index International Group PCL BKK:IND +1.14% 87 Days Payable is 59.73 as of Mar. 2026, which is 23% below its 10-year median of 77.16. GuruFocus rates BKK:IND with a GF Score™ of 87/100 and a GF Value™ of ฿1.37 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,709 Construction companies, Index International Group PCL ranks worse than 80.81% on this metric.

Index International Group PCL's average Accounts Payable for the three months ended in Mar. 2026 was ฿127 Mil. Index International Group PCL's Cost of Goods Sold for the three months ended in Mar. 2026 was ฿193 Mil. Hence, Index International Group PCL's Days Payable for the three months ended in Mar. 2026 was 59.73.

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

BKK:IND' s Days Payable Range Over the Past 10 Years
Min: 39.36   Med: 77.16   Max: 94.9
Current: 39.36

During the past 8 years, Index International Group PCL's highest Days Payable was 94.90. The lowest was 39.36. And the median was 77.16.

BKK:IND's Days Payable is ranked worse than
80.81% of 1709 companies
in the Construction industry
Industry Median: 76.72 vs BKK:IND: 39.36

Index International Group PCL's Days Payable increased from Mar. 2025 (40.75) to Mar. 2026 (59.73). It may suggest that Index International Group PCL delayed paying its suppliers.


Index International Group PCL Days Payable Historical Data

* Premium members only.

The historical data trend for Index International 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.

Index International Group PCL Days Payable Chart

Index International Group PCL Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial 94.90 86.67 71.81 49.30 45.90

Index International 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 40.75 25.64 34.18 46.75 59.73

BKK:IND vs PWR, FIX, EME: Days Payable Comparison

For the Engineering & Construction subindustry, Index International 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.


Index International Group PCL Days Payable vs Construction Industry

For the Construction industry and Industrials sector, Index International Group PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where Index International Group PCL's Days Payable falls into.


BKK:IND
87GF Score
Index International Group PCL BKK:IND
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Index International 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.

Index International 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
=( (79.491 + 146.108) / 2 ) / 897.055*365
=112.7995 / 897.055*365
=45.90

Index International 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
=( (146.108 + 107.112) / 2 ) / 193.434*365 / 4
=126.61 / 193.434*365 / 4
=59.73

* 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 59.73 mean?
Index International Group PCL (BKK:IND) has a Days Payable of 59.73 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 Index International Group PCL and its competitors. This is 23% below median its historical median of 77.16. Over the past decade, Index International Group PCL's Days Payable has ranged from 39.36 to 94.90. According to the industry distribution chart, Index International Group PCL ranks #1381 out of 1709 companies in the Construction industry, placing it in the top 80.8%.
Is Index International Group PCL's Days Payable too high?
Index International Group PCL's current Days Payable of 59.73 is 23% below median its 10-year median of 77.16. Over the past 10 years, this metric has ranged from a low of 39.36 to a high of 94.90. The Construction industry median Days Payable is 76.72. Index International Group PCL's value of 59.73 is 22.1% below this industry median. Based on the distribution chart, Index International Group PCL ranks #1381 out of 1709 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Index International Group PCL has a GF Score™ of 87/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Index International Group PCL's Days Payable compare to PWR and FIX?
According to the Construction industry distribution chart, Index International Group PCL ranks #1381 out of 1709 companies for Days Payable. This places Index International Group PCL in the lower half of its industry. The industry median Days Payable is 76.72. Index International Group PCL's value of 59.73 is 22.1% below this benchmark. Historically, Index International Group PCL's own Days Payable has ranged from 39.36 to 94.90 over the past decade. While the company's 10-year median is 77.16 vs. the industry median of 76.72, Index International 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 Construction company?
The median Days Payable among Construction companies is 76.72, based on 1,709 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. Index International Group PCL's current Days Payable of 59.73 is 22.1% 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 Index International Group PCL and its competitors. For the Construction industry, the median Days Payable is 76.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Index International Group PCL's current Days Payable is 59.73, which is 23% below median its own 10-year median of 77.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Index International Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Index International Group PCL (BKK:IND) is currently considered Possible Value Trap. The stock's GF Value™ is ฿1.37, compared to a current price of ฿0.89 — trading 35% below its estimated fair value. The current Days Payable is 59.73, which is 23% below median its 10-year median of 77.16 and 22.1% below the Construction industry median of 76.72. Index International Group PCL's overall GF Score™ is 87/100 with 4 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 Index International Group PCL (BKK:IND), the current Days Payable is 59.73 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 Index International Group PCL (BKK:IND) Overvalued in 2026?

Based on GuruFocus' analysis, Index International Group PCL stock appears to be undervalued. The current stock price of ฿0.89 is trading 35% below its estimated GF Value™ of ฿1.37. GuruFocus considers Index International Group PCL to be Possible Value Trap.

Key valuation signals for BKK:IND:

  • Days Payable: 59.73 (23% below median its 10-year median of 77.16)
  • GF Value™: ฿1.37 vs. price of ฿0.89 (35% below fair value)
  • GF Score™: 87/100 with 4 warning signs
  • Industry Position: 22.1% below the Construction median (#1381 of 1709)

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


Index International Group PCL Business Description

Address 1/814 Moo 17, Soi Amphon, Phaholyothin Road, Kukot, Lumlukka, Pathumthani, THA, 12130
Index International Group PCL is an engineering consultancy firm offering detailed design services, project management services, and detailed design construction. Its services include a wide range of services in specialized fields such as project planning, city, and district planning, architectural design involving landscaping and architecture, and engineering design involving structural, electrical, mechanical, transportation, sanitary, geotechnical, environmental, and water resources engineering. The group operates in Thailand.
87GF Score

Get the complete analysis for BKK:IND

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

฿0.89
Price
฿1.37
GF Value