Thai Polycons PCL (BKK:TPOLY) Days Payable: 91.11 (As of Mar. 2026) — Near Median


What is Thai Polycons PCL Days Payable?

Thai Polycons PCL BKK:TPOLY Days Payable is 91.11 as of Mar. 2026, which is 4% above its 10-year median of 88.00. The stock has 4 warning signs investors should review. Among 1,711 Construction companies, Thai Polycons PCL ranks better than 53.83% on this metric.

Thai Polycons PCL's average Accounts Payable for the three months ended in Mar. 2026 was ฿595 Mil. Thai Polycons PCL's Cost of Goods Sold for the three months ended in Mar. 2026 was ฿596 Mil. Hence, Thai Polycons PCL's Days Payable for the three months ended in Mar. 2026 was 91.11.

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

BKK:TPOLY' s Days Payable Range Over the Past 10 Years
Min: 76.26   Med: 88   Max: 138.9
Current: 82.96

During the past 13 years, Thai Polycons PCL's highest Days Payable was 138.90. The lowest was 76.26. And the median was 88.00.

BKK:TPOLY's Days Payable is ranked better than
53.83% of 1711 companies
in the Construction industry
Industry Median: 76.6 vs BKK:TPOLY: 82.96

Thai Polycons PCL's Days Payable increased from Mar. 2025 (74.93) to Mar. 2026 (91.11). It may suggest that Thai Polycons PCL delayed paying its suppliers.


Thai Polycons PCL Days Payable Historical Data

* Premium members only.

The historical data trend for Thai Polycons 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 Polycons PCL Days Payable Chart

Thai Polycons 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 89.13 82.21 80.81 138.90 76.26

Thai Polycons 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 74.93 71.94 85.00 91.22 91.11

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

For the Engineering & Construction subindustry, Thai Polycons 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 Polycons PCL Days Payable vs Construction Industry

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

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



Thai Polycons 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 Polycons 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
=( (523.73 + 605.637) / 2 ) / 2702.7*365
=564.6835 / 2702.7*365
=76.26

Thai Polycons 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
=( (605.637 + 584.336) / 2 ) / 595.87*365 / 4
=594.9865 / 595.87*365 / 4
=91.11

* 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 91.11 mean?
Thai Polycons PCL (BKK:TPOLY) has a Days Payable of 91.11 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 Thai Polycons PCL and its competitors. This is near median its historical median of 88.00. Over the past decade, Thai Polycons PCL's Days Payable has ranged from 76.26 to 138.90. According to the industry distribution chart, Thai Polycons PCL ranks #790 out of 1711 companies in the Construction industry, placing it in the top 46.2%.
Is Thai Polycons PCL's Days Payable too high?
Thai Polycons PCL's current Days Payable of 91.11 is near median its 10-year median of 88.00. Over the past 10 years, this metric has ranged from a low of 76.26 to a high of 138.90. The Construction industry median Days Payable is 76.60. Thai Polycons PCL's value of 91.11 is 18.9% above this industry median. Based on the distribution chart, Thai Polycons PCL ranks #790 out of 1711 companies in the Construction industry, which is above the industry midpoint.
How does Thai Polycons PCL's Days Payable compare to PWR and FIX?
According to the Construction industry distribution chart, Thai Polycons PCL ranks #790 out of 1711 companies for Days Payable. This puts Thai Polycons PCL in the upper half of its industry. The industry median Days Payable is 76.60. Thai Polycons PCL's value of 91.11 is 18.9% above this benchmark. Historically, Thai Polycons PCL's own Days Payable has ranged from 76.26 to 138.90 over the past decade. While the company's 10-year median is 88.00 vs. the industry median of 76.60, Thai Polycons 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 Construction company?
The median Days Payable among Construction companies is 76.60, based on 1,711 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 Polycons PCL's current Days Payable of 91.11 is 18.9% 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 Thai Polycons PCL and its competitors. For the Construction industry, the median Days Payable is 76.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Polycons PCL's current Days Payable is 91.11, which is near median its own 10-year median of 88.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Polycons PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Polycons PCL (BKK:TPOLY) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.44, compared to a current price of ฿0.10 — trading 77.3% below its estimated fair value. The current Days Payable is 91.11, which is near median its 10-year median of 88.00 and 18.9% above the Construction industry median of 76.60. 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 Polycons PCL (BKK:TPOLY), the current Days Payable is 91.11 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.

Thai Polycons PCL Business Description

Address Prasertmanukit Road, 2, 4 Prasertmanukit Soi 29 Yeak 8, Chaorakhebua, Ladprao, Ladprao, Bangkok, THA, 10230
Thai Polycons PCL is engaged in construction contractor business. The company's segments include Construction contractor; Electricity current selling; Sale of biogas; Real estate Selling; and Sales and service. The majority of the revenue is derived from Construction contractor segment.