Panama Petrochem (BOM:524820) Days Payable: 40.59 (As of Mar. 2026) — 54% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:524820 Panama Petrochem Ltd BOM:524820
81 GF Score
Price ₹424.65
GF Value ₹427.48
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Panama Petrochem Days Payable?

Panama Petrochem BOM:524820 -0.07% 81 Days Payable is 40.59 as of Mar. 2026, which is 54% below its 10-year median of 88.68. GuruFocus rates BOM:524820 with a GF Score™ of 81/100 and a GF Value™ of ₹427.48 (Fairly Valued). The stock has 3 warning signs investors should review. Among 851 Oil & Gas companies, Panama Petrochem ranks worse than 74.27% on this metric.

Panama Petrochem's average Accounts Payable for the three months ended in Mar. 2026 was ₹2,943 Mil. Panama Petrochem's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹6,615 Mil. Hence, Panama Petrochem's Days Payable for the three months ended in Mar. 2026 was 40.59.

The historical rank and industry rank for Panama Petrochem's Days Payable or its related term are showing as below:

BOM:524820' s Days Payable Range Over the Past 10 Years
Min: 32.54   Med: 88.68   Max: 144.05
Current: 32.54

During the past 13 years, Panama Petrochem's highest Days Payable was 144.05. The lowest was 32.54. And the median was 88.68.

BOM:524820's Days Payable is ranked worse than
74.27% of 851 companies
in the Oil & Gas industry
Industry Median: 57.95 vs BOM:524820: 32.54

Panama Petrochem's Days Payable increased from Mar. 2025 (33.39) to Mar. 2026 (40.59). It may suggest that Panama Petrochem delayed paying its suppliers.


Panama Petrochem Days Payable Historical Data

* Premium members only.

The historical data trend for Panama Petrochem'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.

Panama Petrochem Days Payable Chart

Panama Petrochem Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 82.66 71.07 46.68 35.37 36.15

Panama Petrochem 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 33.39 33.20 24.86 24.50 40.59

BOM:524820 vs VLO, MPC, PSX: Days Payable Comparison

For the Oil & Gas Refining & Marketing subindustry, Panama Petrochem'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.


Panama Petrochem Days Payable vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Panama Petrochem's Days Payable distribution charts can be found below:

* The bar in red indicates where Panama Petrochem's Days Payable falls into.


BOM:524820
81GF Score
Panama Petrochem Ltd BOM:524820
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Panama Petrochem 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.

Panama Petrochem's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as

Days Payable (A: Mar. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2025 ) + Accounts Payable (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (2105.3 + 2942.9) / 2 ) / 25488.7*365
=2524.1 / 25488.7*365
=36.15

Panama Petrochem'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
=( (0 + 2942.9) / 1 ) / 6615.2*365 / 4
=2942.9 / 6615.2*365 / 4
=40.59

* 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 40.59 mean?
Panama Petrochem (BOM:524820) has a Days Payable of 40.59 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 Panama Petrochem and its competitors. This is 54% below median its historical median of 88.68. Over the past decade, Panama Petrochem's Days Payable has ranged from 32.54 to 144.05. According to the industry distribution chart, Panama Petrochem ranks #632 out of 851 companies in the Oil & Gas industry, placing it in the top 74.3%.
Is Panama Petrochem's Days Payable too high?
Panama Petrochem's current Days Payable of 40.59 is 54% below median its 10-year median of 88.68. Over the past 10 years, this metric has ranged from a low of 32.54 to a high of 144.05. The Oil & Gas industry median Days Payable is 57.95. Panama Petrochem's value of 40.59 is 30% below this industry median. Based on the distribution chart, Panama Petrochem ranks #632 out of 851 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Panama Petrochem has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Panama Petrochem's Days Payable compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Panama Petrochem ranks #632 out of 851 companies for Days Payable. This places Panama Petrochem in the lower half of its industry. The industry median Days Payable is 57.95. Panama Petrochem's value of 40.59 is 30% below this benchmark. Historically, Panama Petrochem's own Days Payable has ranged from 32.54 to 144.05 over the past decade. While the company's 10-year median is 88.68 vs. the industry median of 57.95, Panama Petrochem 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 an Oil & Gas company?
The median Days Payable among Oil & Gas companies is 57.95, based on 851 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. Panama Petrochem's current Days Payable of 40.59 is 30% 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 Panama Petrochem and its competitors. For the Oil & Gas industry, the median Days Payable is 57.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Panama Petrochem's current Days Payable is 40.59, which is 54% below median its own 10-year median of 88.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Panama Petrochem stock overvalued right now?
Based on GuruFocus' analysis, Panama Petrochem (BOM:524820) is currently considered Fairly Valued. The stock's GF Value™ is ₹427.48, compared to a current price of ₹424.65 — trading 0.7% below its estimated fair value. The current Days Payable is 40.59, which is 54% below median its 10-year median of 88.68 and 30% below the Oil & Gas industry median of 57.95. Panama Petrochem's overall GF Score™ is 81/100 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 Panama Petrochem (BOM:524820), the current Days Payable is 40.59 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 Panama Petrochem (BOM:524820) Overvalued in 2026?

Based on GuruFocus' analysis, Panama Petrochem stock appears to be undervalued. The current stock price of ₹424.65 is trading 0.7% below its estimated GF Value™ of ₹427.48. GuruFocus considers Panama Petrochem to be Fairly Valued.

Key valuation signals for BOM:524820:

  • Days Payable: 40.59 (54% below median its 10-year median of 88.68)
  • GF Value™: ₹427.48 vs. price of ₹424.65 (0.7% below fair value)
  • GF Score™: 81/100 with 3 warning signs
  • Industry Position: 30% below the Oil & Gas median (#632 of 851)

No single metric tells the full story. See the BOM:524820 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Panama Petrochem Business Description

Industry EnergyOil & Gas
Other Exchanges PANAMAPET:India
Address 24, Turner Road, No. 401, Aza House, Next to Andhra Bank, Bandra (West), Mumbai, MH, IND, 400 050
Panama Petrochem Ltd manufactures and exports petroleum specialty products. Its products are white oil/liquid paraffin oil, petroleum jelly, transformer oil, rubber process oil, industrial oils and greases, drilling fluids, and others. The products are used in inks and resins, printing, textiles, rubber, pharmaceuticals, cosmetics, power, cables, and for other industrial purposes. The geographical segment of the sales is divided into two segments Domestic and Overseas.
81GF Score

Get the complete analysis for BOM:524820

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

₹424.65
Price
₹427.48
GF Value