WICE Logistics PCL (BKK:WICE) Days Payable: 61.08 (As of Mar. 2026) — 27% Above Median

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BKK:WICE WICE Logistics PCL BKK:WICE
70 GF Score
Price ฿3.44
GF Value ฿5.87
Valuation Possible Value Trap
! 8 Warning Signs
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What is WICE Logistics PCL Days Payable?

WICE Logistics PCL BKK:WICE -4.97% 70 Days Payable is 61.08 as of Mar. 2026, which is 27% above its 10-year median of 48.14. GuruFocus rates BKK:WICE with a GF Score™ of 70/100 and a GF Value™ of ฿5.87 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 968 Transportation companies, WICE Logistics PCL ranks better than 70.66% on this metric.

WICE Logistics PCL's average Accounts Payable for the three months ended in Mar. 2026 was ฿769 Mil. WICE Logistics PCL's Cost of Goods Sold for the three months ended in Mar. 2026 was ฿1,148 Mil. Hence, WICE Logistics PCL's Days Payable for the three months ended in Mar. 2026 was 61.08.

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

BKK:WICE' s Days Payable Range Over the Past 10 Years
Min: 28.4   Med: 48.14   Max: 66.92
Current: 64.01

During the past 12 years, WICE Logistics PCL's highest Days Payable was 66.92. The lowest was 28.40. And the median was 48.14.

BKK:WICE's Days Payable is ranked better than
70.66% of 968 companies
in the Transportation industry
Industry Median: 38.695 vs BKK:WICE: 64.01

WICE Logistics PCL's Days Payable increased from Mar. 2025 (57.68) to Mar. 2026 (61.08). It may suggest that WICE Logistics PCL delayed paying its suppliers.


WICE Logistics PCL Days Payable Historical Data

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The historical data trend for WICE Logistics 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.

WICE Logistics PCL Days Payable Chart

WICE Logistics 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 49.28 53.91 66.92 46.97 46.56

WICE Logistics 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 57.68 60.26 67.79 63.14 61.08

BKK:WICE vs UPS, FDX, JBHT: Days Payable Comparison

For the Integrated Freight & Logistics subindustry, WICE Logistics 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.


WICE Logistics PCL Days Payable vs Transportation Industry

For the Transportation industry and Industrials sector, WICE Logistics PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where WICE Logistics PCL's Days Payable falls into.


BKK:WICE
70GF Score
WICE Logistics PCL BKK:WICE
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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WICE Logistics 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.

WICE Logistics 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
=( (418.592 + 605.568) / 2 ) / 4014.45*365
=512.08 / 4014.45*365
=46.56

WICE Logistics 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
=( (605.568 + 931.497) / 2 ) / 1148.232*365 / 4
=768.5325 / 1148.232*365 / 4
=61.08

* 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 61.08 mean?
WICE Logistics PCL (BKK:WICE) has a Days Payable of 61.08 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 WICE Logistics PCL and its competitors. This is 27% above median its historical median of 48.14. Over the past decade, WICE Logistics PCL's Days Payable has ranged from 28.40 to 66.92. According to the industry distribution chart, WICE Logistics PCL ranks #284 out of 968 companies in the Transportation industry, placing it in the top 29.3%.
Is WICE Logistics PCL's Days Payable too high?
WICE Logistics PCL's current Days Payable of 61.08 is 27% above median its 10-year median of 48.14. Over the past 10 years, this metric has ranged from a low of 28.40 to a high of 66.92. The Transportation industry median Days Payable is 38.70. WICE Logistics PCL's value of 61.08 is 57.8% above this industry median. Based on the distribution chart, WICE Logistics PCL ranks #284 out of 968 companies in the Transportation industry, which is above the industry midpoint. Overall, WICE Logistics PCL has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does WICE Logistics PCL's Days Payable compare to UPS and FDX?
According to the Transportation industry distribution chart, WICE Logistics PCL ranks #284 out of 968 companies for Days Payable. This puts WICE Logistics PCL in the upper half of its industry. The industry median Days Payable is 38.70. WICE Logistics PCL's value of 61.08 is 57.8% above this benchmark. Historically, WICE Logistics PCL's own Days Payable has ranged from 28.40 to 66.92 over the past decade. While the company's 10-year median is 48.14 vs. the industry median of 38.70, WICE Logistics 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 Transportation company?
The median Days Payable among Transportation companies is 38.70, based on 968 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. WICE Logistics PCL's current Days Payable of 61.08 is 57.8% 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 WICE Logistics PCL and its competitors. For the Transportation industry, the median Days Payable is 38.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WICE Logistics PCL's current Days Payable is 61.08, which is 27% above median its own 10-year median of 48.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WICE Logistics PCL stock overvalued right now?
Based on GuruFocus' analysis, WICE Logistics PCL (BKK:WICE) is currently considered Possible Value Trap. The stock's GF Value™ is ฿5.87, compared to a current price of ฿3.44 — trading 41.4% below its estimated fair value. The current Days Payable is 61.08, which is 27% above median its 10-year median of 48.14 and 57.8% above the Transportation industry median of 38.70. WICE Logistics PCL's overall GF Score™ is 70/100 with 8 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 WICE Logistics PCL (BKK:WICE), the current Days Payable is 61.08 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 WICE Logistics PCL (BKK:WICE) Overvalued in 2026?

Based on GuruFocus' analysis, WICE Logistics PCL stock appears to be undervalued. The current stock price of ฿3.44 is trading 41.4% below its estimated GF Value™ of ฿5.87. GuruFocus considers WICE Logistics PCL to be Possible Value Trap.

Key valuation signals for BKK:WICE:

  • Days Payable: 61.08 (27% above median its 10-year median of 48.14)
  • GF Value™: ฿5.87 vs. price of ฿3.44 (41.4% below fair value)
  • GF Score™: 70/100 with 8 warning signs
  • Industry Position: 57.8% above the Transportation median (#284 of 968)

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


WICE Logistics PCL Business Description

Address 88/8 Nonsee Road, Chong-Nonsee, Yannawa, Bangkok, THA, 10120
WICE Logistics PCL is a Thailand-based company. The company is engaged in international air and sea freight forwarding, customs broker, inland transportation, cross-border transport, multimodal transport operator, warehousing service and all freight-related services for imports and exports. The company has four reportable segments were sea freight, air freight, cross-border transport services and supply chain solution. The company derives maximum profit from cross-border transport services.
70GF Score

Get the complete analysis for BKK:WICE

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

฿3.44
Price
฿5.87
GF Value