Sermsang Power PCL (BKK:SSP) Days Payable: 112.58 (As of Mar. 2026) — 649% Above Median


BKK:SSP Sermsang Power Corporation PCL BKK:SSP
81 GF Score
Price ฿4.06
GF Value ฿5.84
Valuation Possible Value Trap
! 9 Warning Signs
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What is Sermsang Power PCL Days Payable?

Sermsang Power PCL BKK:SSP +1.00% 81 Days Payable is 112.58 as of Mar. 2026, which is 649% above its 10-year median of 15.04. GuruFocus rates BKK:SSP with a GF Score™ of 81/100 and a GF Value™ of ฿5.84 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 390 Utilities - Independent Power Producers companies, Sermsang Power PCL ranks better than 56.67% on this metric.

Sermsang Power PCL's average Accounts Payable for the three months ended in Mar. 2026 was ฿504 Mil. Sermsang Power PCL's Cost of Goods Sold for the three months ended in Mar. 2026 was ฿408 Mil. Hence, Sermsang Power PCL's Days Payable for the three months ended in Mar. 2026 was 112.58.

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

BKK:SSP' s Days Payable Range Over the Past 10 Years
Min: 7.6   Med: 15.04   Max: 110.27
Current: 98.05

During the past 12 years, Sermsang Power PCL's highest Days Payable was 110.27. The lowest was 7.60. And the median was 15.04.

BKK:SSP's Days Payable is ranked better than
56.67% of 390 companies
in the Utilities - Independent Power Producers industry
Industry Median: 79.9 vs BKK:SSP: 98.05

Sermsang Power PCL's Days Payable increased from Mar. 2025 (56.89) to Mar. 2026 (112.58). It may suggest that Sermsang Power PCL delayed paying its suppliers.


Sermsang Power PCL Days Payable Historical Data

* Premium members only.

The historical data trend for Sermsang Power 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.

Sermsang Power PCL Days Payable Chart

Sermsang Power 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 16.43 11.19 7.60 11.79 12.31

Sermsang Power 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 56.89 93.42 83.28 42.44 112.58

Sermsang Power PCL Days Payable Competitor Comparison

For the Utilities - Renewable subindustry, Sermsang Power 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.


Sermsang Power PCL Days Payable vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Sermsang Power PCL's Days Payable distribution charts can be found below:

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


BKK:SSP
81GF Score
Sermsang Power Corporation PCL BKK:SSP
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Sermsang Power 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.

Sermsang Power 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
=( (64.573 + 41.292) / 2 ) / 1569.764*365
=52.9325 / 1569.764*365
=12.31

Sermsang Power 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
=( (41.292 + 966.473) / 2 ) / 408.4*365 / 4
=503.8825 / 408.4*365 / 4
=112.58

* 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 112.58 mean?
Sermsang Power PCL (BKK:SSP) has a Days Payable of 112.58 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 Sermsang Power PCL and its competitors. This is 649% above median its historical median of 15.04. Over the past decade, Sermsang Power PCL's Days Payable has ranged from 7.60 to 110.27. According to the industry distribution chart, Sermsang Power PCL ranks #169 out of 390 companies in the Utilities - Independent Power Producers industry, placing it in the top 43.3%.
Is Sermsang Power PCL's Days Payable too high?
Sermsang Power PCL's current Days Payable of 112.58 is 649% above median its 10-year median of 15.04. Over the past 10 years, this metric has ranged from a low of 7.60 to a high of 110.27. The Utilities - Independent Power Producers industry median Days Payable is 79.90. Sermsang Power PCL's value of 112.58 is 40.9% above this industry median. Based on the distribution chart, Sermsang Power PCL ranks #169 out of 390 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Sermsang Power PCL has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sermsang Power PCL's Days Payable compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Sermsang Power PCL ranks #169 out of 390 companies for Days Payable. This puts Sermsang Power PCL in the upper half of its industry. The industry median Days Payable is 79.90. Sermsang Power PCL's value of 112.58 is 40.9% above this benchmark. Historically, Sermsang Power PCL's own Days Payable has ranged from 7.60 to 110.27 over the past decade. While the company's 10-year median is 15.04 vs. the industry median of 79.90, Sermsang Power 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 an Utilities - Independent Power Producers company?
The median Days Payable among Utilities - Independent Power Producers companies is 79.90, based on 390 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. Sermsang Power PCL's current Days Payable of 112.58 is 40.9% 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 Sermsang Power PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Days Payable is 79.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sermsang Power PCL's current Days Payable is 112.58, which is 649% above median its own 10-year median of 15.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sermsang Power PCL stock overvalued right now?
Based on GuruFocus' analysis, Sermsang Power PCL (BKK:SSP) is currently considered Possible Value Trap. The stock's GF Value™ is ฿5.84, compared to a current price of ฿4.06 — trading 30.5% below its estimated fair value. The current Days Payable is 112.58, which is 649% above median its 10-year median of 15.04 and 40.9% above the Utilities - Independent Power Producers industry median of 79.90. Sermsang Power PCL's overall GF Score™ is 81/100 with 9 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 Sermsang Power PCL (BKK:SSP), the current Days Payable is 112.58 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 Sermsang Power PCL (BKK:SSP) Overvalued in 2026?

Based on GuruFocus' analysis, Sermsang Power PCL stock appears to be undervalued. The current stock price of ฿4.06 is trading 30.5% below its estimated GF Value™ of ฿5.84. GuruFocus considers Sermsang Power PCL to be Possible Value Trap.

Key valuation signals for BKK:SSP:

  • Days Payable: 112.58 (649% above median its 10-year median of 15.04)
  • GF Value™: ฿5.84 vs. price of ฿4.06 (30.5% below fair value)
  • GF Score™: 81/100 with 9 warning signs
  • Industry Position: 40.9% above the Utilities - Independent Power Producers median (#169 of 390)

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


Sermsang Power PCL Business Description

Address 325/14 Lan Luang Road, Si Yaek Mahanak, Dusit, Bangkok, THA, 10300
Sermsang Power Corporation PCL is engaged in investment, consultancy, and the provision of services for energy businesses to related parties. The company's operating segments are the production and distribution of electricity from solar plants, Electricity distribution, and installation services relating to the solar roof system, Production and distribution of electricity from wind power plants, Production and distribution of electricity from biomass, and others. The firm generates a majority of its revenue from the Production and distribution of electricity from the solar power plants segment. Geographically, the company generates a majority share of the revenue from Thailand.
81GF Score

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

฿4.06
Price
฿5.84
GF Value