Nforce Secure PCL (BKK:SECURE) Days Payable: 76.17 (As of Mar. 2026) — 31% Above Median

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BKK:SECURE Nforce Secure PCL BKK:SECURE
92 GF Score
Price ฿14.20
GF Value ฿15.00
Valuation Fairly Valued
! 3 Warning Signs
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What is Nforce Secure PCL Days Payable?

Nforce Secure PCL BKK:SECURE -1.39% 92 Days Payable is 76.17 as of Mar. 2026, which is 31% above its 10-year median of 57.96. GuruFocus rates BKK:SECURE with a GF Score™ of 92/100 and a GF Value™ of ฿15.00 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,443 Hardware companies, Nforce Secure PCL ranks worse than 65.25% on this metric.

Nforce Secure PCL's average Accounts Payable for the three months ended in Mar. 2026 was ฿200 Mil. Nforce Secure PCL's Cost of Goods Sold for the three months ended in Mar. 2026 was ฿240 Mil. Hence, Nforce Secure PCL's Days Payable for the three months ended in Mar. 2026 was 76.17.

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

BKK:SECURE' s Days Payable Range Over the Past 10 Years
Min: 52.66   Med: 57.96   Max: 81.39
Current: 53.25

During the past 6 years, Nforce Secure PCL's highest Days Payable was 81.39. The lowest was 52.66. And the median was 57.96.

BKK:SECURE's Days Payable is ranked worse than
65.25% of 2443 companies
in the Hardware industry
Industry Median: 69.89 vs BKK:SECURE: 53.25

Nforce Secure PCL's Days Payable increased from Mar. 2025 (55.47) to Mar. 2026 (76.17). It may suggest that Nforce Secure PCL delayed paying its suppliers.


Nforce Secure PCL Days Payable Historical Data

* Premium members only.

The historical data trend for Nforce Secure 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.

Nforce Secure PCL Days Payable Chart

Nforce Secure PCL Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial 60.26 54.81 52.66 55.66 76.13

Nforce Secure 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 55.47 42.90 57.12 49.95 76.17

BKK:SECURE vs MSFT, ORCL, PLTR: Days Payable Comparison

For the Electronics & Computer Distribution subindustry, Nforce Secure 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.


Nforce Secure PCL Days Payable vs Hardware Industry

For the Hardware industry and Technology sector, Nforce Secure PCL's Days Payable distribution charts can be found below:

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


BKK:SECURE
92GF Score
Nforce Secure PCL BKK:SECURE
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Nforce Secure 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.

Nforce Secure 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
=( (173.302 + 259.705) / 2 ) / 1038.025*365
=216.5035 / 1038.025*365
=76.13

Nforce Secure 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
=( (259.705 + 140.159) / 2 ) / 239.514*365 / 4
=199.932 / 239.514*365 / 4
=76.17

* 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 76.17 mean?
Nforce Secure PCL (BKK:SECURE) has a Days Payable of 76.17 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 Nforce Secure PCL and its competitors. This is 31% above median its historical median of 57.96. Over the past decade, Nforce Secure PCL's Days Payable has ranged from 52.66 to 81.39. According to the industry distribution chart, Nforce Secure PCL ranks #1594 out of 2443 companies in the Hardware industry, placing it in the top 65.2%.
Is Nforce Secure PCL's Days Payable too high?
Nforce Secure PCL's current Days Payable of 76.17 is 31% above median its 10-year median of 57.96. Over the past 10 years, this metric has ranged from a low of 52.66 to a high of 81.39. The Hardware industry median Days Payable is 69.89. Nforce Secure PCL's value of 76.17 is 9% above this industry median. Based on the distribution chart, Nforce Secure PCL ranks #1594 out of 2443 companies in the Hardware industry, which is below the industry midpoint. Overall, Nforce Secure PCL has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nforce Secure PCL's Days Payable compare to MSFT and ORCL?
According to the Hardware industry distribution chart, Nforce Secure PCL ranks #1594 out of 2443 companies for Days Payable. This places Nforce Secure PCL in the lower half of its industry. The industry median Days Payable is 69.89. Nforce Secure PCL's value of 76.17 is 9% above this benchmark. Historically, Nforce Secure PCL's own Days Payable has ranged from 52.66 to 81.39 over the past decade. While the company's 10-year median is 57.96 vs. the industry median of 69.89, Nforce Secure PCL has consistently been above 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 Hardware company?
The median Days Payable among Hardware companies is 69.89, based on 2,443 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. Nforce Secure PCL's current Days Payable of 76.17 is 9% above 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 Nforce Secure PCL and its competitors. For the Hardware industry, the median Days Payable is 69.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nforce Secure PCL's current Days Payable is 76.17, which is 31% above median its own 10-year median of 57.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nforce Secure PCL stock overvalued right now?
Based on GuruFocus' analysis, Nforce Secure PCL (BKK:SECURE) is currently considered Fairly Valued. The stock's GF Value™ is ฿15.00, compared to a current price of ฿14.20 — trading 5.3% below its estimated fair value. The current Days Payable is 76.17, which is 31% above median its 10-year median of 57.96 and 9% above the Hardware industry median of 69.89. Nforce Secure PCL's overall GF Score™ is 92/100 with 3 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 Nforce Secure PCL (BKK:SECURE), the current Days Payable is 76.17 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 Nforce Secure PCL (BKK:SECURE) Overvalued in 2026?

Based on GuruFocus' analysis, Nforce Secure PCL stock appears to be undervalued. The current stock price of ฿14.20 is trading 5.3% below its estimated GF Value™ of ฿15.00. GuruFocus considers Nforce Secure PCL to be Fairly Valued.

Key valuation signals for BKK:SECURE:

  • Days Payable: 76.17 (31% above median its 10-year median of 57.96)
  • GF Value™: ฿15.00 vs. price of ฿14.20 (5.3% below fair value)
  • GF Score™: 92/100 with 3 warning signs
  • Industry Position: 9% above the Hardware median (#1594 of 2443)

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


Nforce Secure PCL Business Description

Address Ratchadapisek Road, 9/2 The Synchronized, Soi Ratchadapisek 18, Huai Khwang Sub-district, Huai Khwang District, Bangkok, THA, 10310
Nforce Secure PCL is a distributor of cybersecurity solution products and offers other supporting services. It is mainly engaged in selling computer hardware and software, and all related equipment, network communication equipment and software, development of enterprise software and project management, and providing services for business consulting, risk assessment, planning, and training.
92GF Score

Get the complete analysis for BKK:SECURE

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

฿14.20
Price
฿15.00
GF Value