Thai O PP PCL (BKK:TOPP) Days Payable: 28.01 (As of Dec. 2025) — 25% Above Median


BKK:TOPP Thai O PP PCL BKK:TOPP
66 GF Score
Price ฿138.50
GF Value ฿162.21
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Thai O PP PCL Days Payable?

Thai O PP PCL BKK:TOPP 66 Days Payable is 28.01 as of Dec. 2025, which is 25% above its 10-year median of 22.45. GuruFocus rates BKK:TOPP with a GF Score™ of 66/100 and a GF Value™ of ฿162.21 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 378 Packaging & Containers companies, Thai O PP PCL ranks worse than 88.36% on this metric.

Thai O PP PCL's average Accounts Payable for the three months ended in Dec. 2025 was ฿107 Mil. Thai O PP PCL's Cost of Goods Sold for the three months ended in Dec. 2025 was ฿347 Mil. Hence, Thai O PP PCL's Days Payable for the three months ended in Dec. 2025 was 28.01.

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

BKK:TOPP' s Days Payable Range Over the Past 10 Years
Min: 21.21   Med: 22.45   Max: 30.9
Current: 25.07

During the past 13 years, Thai O PP PCL's highest Days Payable was 30.90. The lowest was 21.21. And the median was 22.45.

BKK:TOPP's Days Payable is ranked worse than
88.36% of 378 companies
in the Packaging & Containers industry
Industry Median: 57.21 vs BKK:TOPP: 25.07

Thai O PP PCL's Days Payable increased from Dec. 2024 (21.41) to Dec. 2025 (28.01). It may suggest that Thai O PP PCL delayed paying its suppliers.


Thai O PP PCL Days Payable Historical Data

* Premium members only.

The historical data trend for Thai O PP 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.

Thai O PP PCL Days Payable Chart

Thai O PP 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 23.14 21.73 21.75 21.52 23.48

Thai O PP PCL Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 21.41 23.77 24.19 26.03 28.01

BKK:TOPP vs SW, PKG, AMCR: Days Payable Comparison

For the Packaging & Containers subindustry, Thai O PP 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.


Thai O PP PCL Days Payable vs Packaging & Containers Industry

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

* The bar in red indicates where Thai O PP PCL's Days Payable falls into.


BKK:TOPP
66GF Score
Thai O PP PCL BKK:TOPP
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Thai O PP 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.

Thai O PP 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
=( (93.579 + 94.176) / 2 ) / 1459.44*365
=93.8775 / 1459.44*365
=23.48

Thai O PP 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: Sep. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (118.872 + 94.176) / 2 ) / 347.082*365 / 4
=106.524 / 347.082*365 / 4
=28.01

* 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 28.01 mean?
Thai O PP PCL (BKK:TOPP) has a Days Payable of 28.01 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 Thai O PP PCL and its competitors. This is 25% above median its historical median of 22.45. Over the past decade, Thai O PP PCL's Days Payable has ranged from 21.21 to 30.90. According to the industry distribution chart, Thai O PP PCL ranks #334 out of 378 companies in the Packaging & Containers industry, placing it in the top 88.4%.
Is Thai O PP PCL's Days Payable too high?
Thai O PP PCL's current Days Payable of 28.01 is 25% above median its 10-year median of 22.45. Over the past 10 years, this metric has ranged from a low of 21.21 to a high of 30.90. The Packaging & Containers industry median Days Payable is 57.21. Thai O PP PCL's value of 28.01 is 51% below this industry median. Based on the distribution chart, Thai O PP PCL ranks #334 out of 378 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, Thai O PP PCL has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thai O PP PCL's Days Payable compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Thai O PP PCL ranks #334 out of 378 companies for Days Payable. This places Thai O PP PCL in the lower half of its industry. The industry median Days Payable is 57.21. Thai O PP PCL's value of 28.01 is 51% below this benchmark. Historically, Thai O PP PCL's own Days Payable has ranged from 21.21 to 30.90 over the past decade. While the company's 10-year median is 22.45 vs. the industry median of 57.21, Thai O PP 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 57.21, based on 378 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. Thai O PP PCL's current Days Payable of 28.01 is 51% 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 Thai O PP PCL and its competitors. For the Packaging & Containers industry, the median Days Payable is 57.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai O PP PCL's current Days Payable is 28.01, which is 25% above median its own 10-year median of 22.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai O PP PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai O PP PCL (BKK:TOPP) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿162.21, compared to a current price of ฿138.50 — trading 14.6% below its estimated fair value. The current Days Payable is 28.01, which is 25% above median its 10-year median of 22.45 and 51% below the Packaging & Containers industry median of 57.21. Thai O PP PCL's overall GF Score™ is 66/100 with 2 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 Thai O PP PCL (BKK:TOPP), the current Days Payable is 28.01 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.

Is Thai O PP PCL (BKK:TOPP) Overvalued in 2026?

Based on GuruFocus' analysis, Thai O PP PCL stock appears to be undervalued. The current stock price of ฿138.50 is trading 14.6% below its estimated GF Value™ of ฿162.21. GuruFocus considers Thai O PP PCL to be Modestly Undervalued.

Key valuation signals for BKK:TOPP:

  • Days Payable: 28.01 (25% above median its 10-year median of 22.45)
  • GF Value™: ฿162.21 vs. price of ฿138.50 (14.6% below fair value)
  • GF Score™: 66/100 with 2 warning signs
  • Industry Position: 51% below the Packaging & Containers median (#334 of 378)

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


Thai O PP PCL Business Description

Address 1741 Chan Road, Thungmahamek, Sathorn, Bangkok, THA, 10120
Thai O PP PCL is a company engaged in the manufacture and distribution of Plastic films, stickers, Laminate tubes, and packaging. The company offers various types of plastic films, such as shrink films, C.P.P. (cast polypropylene) films, metalized films, stretch films for lamination, heat sealable oriented polypropylene (O.P.P.) films, skin vacuum films, and protection films. The segments of the company include Plastic films, stickers, and Tube. The company generates majority of its revenue from the Plastic Films segment.
66GF Score

Get the complete analysis for BKK:TOPP

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

฿138.50
Price
฿162.21
GF Value