Panjawattana Plastic PCL (BKK:PJW) Days Payable: 44.36 (As of Mar. 2026) — 11% 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:PJW Panjawattana Plastic PCL BKK:PJW
78 GF Score
Price ฿2.10
GF Value ฿2.95
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Panjawattana Plastic PCL Days Payable?

Panjawattana Plastic PCL BKK:PJW 78 Days Payable is 44.36 as of Mar. 2026, which is 11% below its 10-year median of 49.81. GuruFocus rates BKK:PJW with a GF Score™ of 78/100 and a GF Value™ of ฿2.95 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 382 Packaging & Containers companies, Panjawattana Plastic PCL ranks worse than 66.49% on this metric.

Panjawattana Plastic PCL's average Accounts Payable for the three months ended in Mar. 2026 was ฿373 Mil. Panjawattana Plastic PCL's Cost of Goods Sold for the three months ended in Mar. 2026 was ฿766 Mil. Hence, Panjawattana Plastic PCL's Days Payable for the three months ended in Mar. 2026 was 44.36.

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

BKK:PJW' s Days Payable Range Over the Past 10 Years
Min: 43.24   Med: 49.81   Max: 60.89
Current: 43.44

During the past 13 years, Panjawattana Plastic PCL's highest Days Payable was 60.89. The lowest was 43.24. And the median was 49.81.

BKK:PJW's Days Payable is ranked worse than
66.49% of 382 companies
in the Packaging & Containers industry
Industry Median: 57.265 vs BKK:PJW: 43.44

Panjawattana Plastic PCL's Days Payable increased from Mar. 2025 (40.32) to Mar. 2026 (44.36). It may suggest that Panjawattana Plastic PCL delayed paying its suppliers.


Panjawattana Plastic PCL Days Payable Historical Data

* Premium members only.

The historical data trend for Panjawattana Plastic 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.

Panjawattana Plastic PCL Days Payable Chart

Panjawattana Plastic 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 48.56 46.06 50.45 45.41 43.24

Panjawattana Plastic 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 40.32 43.70 39.18 44.82 44.36

BKK:PJW vs SW, PKG, IP: Days Payable Comparison

For the Packaging & Containers subindustry, Panjawattana Plastic 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.


Panjawattana Plastic PCL Days Payable vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Panjawattana Plastic PCL's Days Payable distribution charts can be found below:

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


BKK:PJW
78GF Score
Panjawattana Plastic PCL BKK:PJW
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Panjawattana Plastic 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.

Panjawattana Plastic 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
=( (354.695 + 364.522) / 2 ) / 3035.821*365
=359.6085 / 3035.821*365
=43.24

Panjawattana Plastic 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
=( (364.522 + 380.6) / 2 ) / 766.444*365 / 4
=372.561 / 766.444*365 / 4
=44.36

* 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 44.36 mean?
Panjawattana Plastic PCL (BKK:PJW) has a Days Payable of 44.36 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 Panjawattana Plastic PCL and its competitors. This is 11% below median its historical median of 49.81. Over the past decade, Panjawattana Plastic PCL's Days Payable has ranged from 43.24 to 60.89. According to the industry distribution chart, Panjawattana Plastic PCL ranks #254 out of 382 companies in the Packaging & Containers industry, placing it in the top 66.5%.
Is Panjawattana Plastic PCL's Days Payable too high?
Panjawattana Plastic PCL's current Days Payable of 44.36 is 11% below median its 10-year median of 49.81. Over the past 10 years, this metric has ranged from a low of 43.24 to a high of 60.89. The Packaging & Containers industry median Days Payable is 57.27. Panjawattana Plastic PCL's value of 44.36 is 22.5% below this industry median. Based on the distribution chart, Panjawattana Plastic PCL ranks #254 out of 382 companies in the Packaging & Containers industry, which is below the industry midpoint. Overall, Panjawattana Plastic PCL has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Panjawattana Plastic PCL's Days Payable compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Panjawattana Plastic PCL ranks #254 out of 382 companies for Days Payable. This places Panjawattana Plastic PCL in the lower half of its industry. The industry median Days Payable is 57.27. Panjawattana Plastic PCL's value of 44.36 is 22.5% below this benchmark. Historically, Panjawattana Plastic PCL's own Days Payable has ranged from 43.24 to 60.89 over the past decade. While the company's 10-year median is 49.81 vs. the industry median of 57.27, Panjawattana Plastic 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 Packaging & Containers company?
The median Days Payable among Packaging & Containers companies is 57.27, based on 382 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. Panjawattana Plastic PCL's current Days Payable of 44.36 is 22.5% 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 Panjawattana Plastic PCL and its competitors. For the Packaging & Containers industry, the median Days Payable is 57.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Panjawattana Plastic PCL's current Days Payable is 44.36, which is 11% below median its own 10-year median of 49.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Panjawattana Plastic PCL stock overvalued right now?
Based on GuruFocus' analysis, Panjawattana Plastic PCL (BKK:PJW) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.95, compared to a current price of ฿2.10 — trading 28.8% below its estimated fair value. The current Days Payable is 44.36, which is 11% below median its 10-year median of 49.81 and 22.5% below the Packaging & Containers industry median of 57.27. Panjawattana Plastic PCL's overall GF Score™ is 78/100 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 Panjawattana Plastic PCL (BKK:PJW), the current Days Payable is 44.36 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 Panjawattana Plastic PCL (BKK:PJW) Overvalued in 2026?

Based on GuruFocus' analysis, Panjawattana Plastic PCL stock appears to be undervalued. The current stock price of ฿2.10 is trading 28.8% below its estimated GF Value™ of ฿2.95. GuruFocus considers Panjawattana Plastic PCL to be Modestly Undervalued.

Key valuation signals for BKK:PJW:

  • Days Payable: 44.36 (11% below median its 10-year median of 49.81)
  • GF Value™: ฿2.95 vs. price of ฿2.10 (28.8% below fair value)
  • GF Score™: 78/100 with 4 warning signs
  • Industry Position: 22.5% below the Packaging & Containers median (#254 of 382)

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


Panjawattana Plastic PCL Business Description

Address Ekachai Road, No. 19 and 21 Soi Ekachai 63, Kwang Klong Bangbon, Khet Bangbon, Bangkok, THA, 10150
Panjawattana Plastic PCL is manufacturer and distributor of packaging for consumer product, Agro chemical, automotive parts and materials from plastic imitation. The company operates its business through the following segments, Samuthsakhon Plant, Chonburi Plant, Bangkok Plant, Jiangsu Plant, Tianjin Plant, Service, and the Business trading segment. It produces and supplies plastic containers and closures such as lubricant packaging, milk and yoghurt packaging, consumer goods packaging and chemicals liquid packaging, and plastic automotive parts of high quality and with custom designs according to clients' requirements for each of their specific brands.
78GF Score

Get the complete analysis for BKK:PJW

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

฿2.10
Price
฿2.95
GF Value