Positivo Tecnologia (BSP:POSI3) Days Payable: 105.14 (As of Mar. 2026) — Near Median


BSP:POSI3 Positivo Tecnologia SA BSP:POSI3
75 GF Score
Price R$3.93
GF Value R$5.45
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Positivo Tecnologia Days Payable?

Positivo Tecnologia BSP:POSI3 -3.68% 75 Days Payable is 105.14 as of Mar. 2026, which is 7% above its 10-year median of 98.58. GuruFocus rates BSP:POSI3 with a GF Score™ of 75/100 and a GF Value™ of R$5.45 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 2,440 Hardware companies, Positivo Tecnologia ranks better than 60.74% on this metric.

Positivo Tecnologia's average Accounts Payable for the three months ended in Mar. 2026 was R$660 Mil. Positivo Tecnologia's Cost of Goods Sold for the three months ended in Mar. 2026 was R$572 Mil. Hence, Positivo Tecnologia's Days Payable for the three months ended in Mar. 2026 was 105.14.

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

BSP:POSI3' s Days Payable Range Over the Past 10 Years
Min: 85.59   Med: 98.58   Max: 122.87
Current: 85.74

During the past 13 years, Positivo Tecnologia's highest Days Payable was 122.87. The lowest was 85.59. And the median was 98.58.

BSP:POSI3's Days Payable is ranked better than
60.74% of 2440 companies
in the Hardware industry
Industry Median: 69.935 vs BSP:POSI3: 85.74

Positivo Tecnologia's Days Payable increased from Mar. 2025 (98.89) to Mar. 2026 (105.14). It may suggest that Positivo Tecnologia delayed paying its suppliers.


Positivo Tecnologia Days Payable Historical Data

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The historical data trend for Positivo Tecnologia'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.

Positivo Tecnologia Days Payable Chart

Positivo Tecnologia 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 122.87 85.59 90.31 97.80 98.12

Positivo Tecnologia 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 98.89 70.73 88.35 84.37 105.14

BSP:POSI3 vs SNDK, DELL, STX: Days Payable Comparison

For the Computer Hardware subindustry, Positivo Tecnologia'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.


Positivo Tecnologia Days Payable vs Hardware Industry

For the Hardware industry and Technology sector, Positivo Tecnologia's Days Payable distribution charts can be found below:

* The bar in red indicates where Positivo Tecnologia's Days Payable falls into.


BSP:POSI3
75GF Score
Positivo Tecnologia SA BSP:POSI3
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Positivo Tecnologia 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.

Positivo Tecnologia'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
=( (658.247 + 692.278) / 2 ) / 2511.831*365
=675.2625 / 2511.831*365
=98.12

Positivo Tecnologia'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
=( (692.278 + 626.749) / 2 ) / 572.388*365 / 4
=659.5135 / 572.388*365 / 4
=105.14

* 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 105.14 mean?
Positivo Tecnologia (BSP:POSI3) has a Days Payable of 105.14 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 Positivo Tecnologia and its competitors. This is near median its historical median of 98.58. Over the past decade, Positivo Tecnologia's Days Payable has ranged from 85.59 to 122.87. According to the industry distribution chart, Positivo Tecnologia ranks #958 out of 2440 companies in the Hardware industry, placing it in the top 39.3%.
Is Positivo Tecnologia's Days Payable too high?
Positivo Tecnologia's current Days Payable of 105.14 is near median its 10-year median of 98.58. Over the past 10 years, this metric has ranged from a low of 85.59 to a high of 122.87. The Hardware industry median Days Payable is 69.94. Positivo Tecnologia's value of 105.14 is 50.3% above this industry median. Based on the distribution chart, Positivo Tecnologia ranks #958 out of 2440 companies in the Hardware industry, which is above the industry midpoint. Overall, Positivo Tecnologia has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Positivo Tecnologia's Days Payable compare to SNDK and DELL?
According to the Hardware industry distribution chart, Positivo Tecnologia ranks #958 out of 2440 companies for Days Payable. This puts Positivo Tecnologia in the upper half of its industry. The industry median Days Payable is 69.94. Positivo Tecnologia's value of 105.14 is 50.3% above this benchmark. Historically, Positivo Tecnologia's own Days Payable has ranged from 85.59 to 122.87 over the past decade. While the company's 10-year median is 98.58 vs. the industry median of 69.94, Positivo Tecnologia 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 Hardware company?
The median Days Payable among Hardware companies is 69.94, based on 2,440 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. Positivo Tecnologia's current Days Payable of 105.14 is 50.3% 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 Positivo Tecnologia and its competitors. For the Hardware industry, the median Days Payable is 69.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Positivo Tecnologia's current Days Payable is 105.14, which is near median its own 10-year median of 98.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Positivo Tecnologia stock overvalued right now?
Based on GuruFocus' analysis, Positivo Tecnologia (BSP:POSI3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$5.45, compared to a current price of R$3.93 — trading 27.9% below its estimated fair value. The current Days Payable is 105.14, which is near median its 10-year median of 98.58 and 50.3% above the Hardware industry median of 69.94. Positivo Tecnologia's overall GF Score™ is 75/100 with 7 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 Positivo Tecnologia (BSP:POSI3), the current Days Payable is 105.14 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 Positivo Tecnologia (BSP:POSI3) Overvalued in 2026?

Based on GuruFocus' analysis, Positivo Tecnologia stock appears to be undervalued. The current stock price of R$3.93 is trading 27.9% below its estimated GF Value™ of R$5.45. GuruFocus considers Positivo Tecnologia to be Modestly Undervalued.

Key valuation signals for BSP:POSI3:

  • Days Payable: 105.14 (near median its 10-year median of 98.58)
  • GF Value™: R$5.45 vs. price of R$3.93 (27.9% below fair value)
  • GF Score™: 75/100 with 7 warning signs
  • Industry Position: 50.3% above the Hardware median (#958 of 2440)

No single metric tells the full story. See the BSP:POSI3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Positivo Tecnologia Business Description

Address Rua Joao Bettega 5200, Bairro Cidade Industrial, Curitiba, PR, BRA, 81350-000
Positivo Tecnologia SA is a technology company. The Company is mainly engaged in the manufacturing, sale, and development of information technology projects; the manufacturing, sale, and lease of software and hardware; the sale of IT equipment, educational application systems, and school administration systems, as well as planning and providing technical and educational support; the representation, sale, implementation, training, and provision of technical support services for equipment and technical, technological, and scientific education systems across various fields; the development, manufacturing, and sale of electronic voting machines; and the provision of services in the information technology industry, including managed IT services.
75GF Score

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

R$3.93
Price
R$5.45
GF Value