DTCKF (Davis Commodities) Days Payable: 39.02 (As of Dec. 2025) — 94% Above 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.

DTCKF Davis Commodities Ltd DTCKF
24 GF Score
Price $1.01
! 2 Warning Signs
View Full Analysis

What is Davis Commodities Days Payable?

Davis Commodities DTCKF +1.00% 24 Days Payable is 39.02 as of Dec. 2025, which is 94% above its 10-year median of 20.12. GuruFocus rates DTCKF with a GF Score™ of 24/100. The stock has 2 warning signs investors should review. Among 1,893 Consumer Packaged Goods companies, Davis Commodities ranks worse than 67.35% on this metric.

Davis Commodities's average Accounts Payable for the six months ended in Dec. 2025 was $19.0 Mil. Davis Commodities's Cost of Goods Sold for the six months ended in Dec. 2025 was $88.9 Mil. Hence, Davis Commodities's Days Payable for the six months ended in Dec. 2025 was 39.02.

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

DTCKF' s Days Payable Range Over the Past 10 Years
Min: 16.08   Med: 20.12   Max: 32.92
Current: 31.64

During the past 6 years, Davis Commodities's highest Days Payable was 32.92. The lowest was 16.08. And the median was 20.12.

DTCKF's Days Payable is ranked worse than
67.35% of 1893 companies
in the Consumer Packaged Goods industry
Industry Median: 43.96 vs DTCKF: 31.64

Davis Commodities's Days Payable increased from Dec. 2024 (30.84) to Dec. 2025 (39.02). It may suggest that Davis Commodities delayed paying its suppliers.


Davis Commodities Days Payable Historical Data

* Premium members only.

The historical data trend for Davis Commodities'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.

Davis Commodities Days Payable Chart

Davis Commodities Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial 20.94 19.24 19.29 32.92 20.99

Davis Commodities Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 33.69 39.27 30.84 35.00 39.02

DTCKF vs EDBL, SHMP, AQB: Days Payable Comparison

For the Farm Products subindustry, Davis Commodities'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.


Davis Commodities Days Payable vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Davis Commodities's Days Payable distribution charts can be found below:

* The bar in red indicates where Davis Commodities's Days Payable falls into.


DTCKF
24GF Score
Davis Commodities Ltd DTCKF
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Davis Commodities 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.

Davis Commodities'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
=( (9.134 + 11.721) / 2 ) / 181.349*365
=10.4275 / 181.349*365
=20.99

Davis Commodities'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: Jun. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (26.309 + 11.721) / 2 ) / 88.943*365 / 2
=19.015 / 88.943*365 / 2
=39.02

* 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 39.02 mean?
Davis Commodities (DTCKF) has a Days Payable of 39.02 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 Davis Commodities and its competitors. This is 94% above median its historical median of 20.12. Over the past decade, Davis Commodities' Days Payable has ranged from 16.08 to 32.92. According to the industry distribution chart, Davis Commodities ranks #1275 out of 1893 companies in the Consumer Packaged Goods industry, placing it in the top 67.4%.
Is Davis Commodities' Days Payable too high?
Davis Commodities' current Days Payable of 39.02 is 94% above median its 10-year median of 20.12. Over the past 10 years, this metric has ranged from a low of 16.08 to a high of 32.92. The Consumer Packaged Goods industry median Days Payable is 43.96. Davis Commodities' value of 39.02 is 11.2% below this industry median. Based on the distribution chart, Davis Commodities ranks #1275 out of 1893 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Davis Commodities has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Davis Commodities' Days Payable compare to EDBL and SHMP?
According to the Consumer Packaged Goods industry distribution chart, Davis Commodities ranks #1275 out of 1893 companies for Days Payable. This places Davis Commodities in the lower half of its industry. The industry median Days Payable is 43.96. Davis Commodities' value of 39.02 is 11.2% below this benchmark. Historically, Davis Commodities' own Days Payable has ranged from 16.08 to 32.92 over the past decade. While the company's 10-year median is 20.12 vs. the industry median of 43.96, Davis Commodities 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 Consumer Packaged Goods company?
The median Days Payable among Consumer Packaged Goods companies is 43.96, based on 1,893 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. Davis Commodities's current Days Payable of 39.02 is 11.2% 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 Davis Commodities and its competitors. For the Consumer Packaged Goods industry, the median Days Payable is 43.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Davis Commodities's current Days Payable is 39.02, which is 94% above median its own 10-year median of 20.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Davis Commodities stock overvalued right now?
Davis Commodities (DTCKF) has a current Days Payable of 39.02. The current Days Payable is 39.02, which is 94% above median its 10-year median of 20.12 and 11.2% below the Consumer Packaged Goods industry median of 43.96. Davis Commodities' overall GF Score™ is 24/100 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 Davis Commodities (DTCKF), the current Days Payable is 39.02 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.

Davis Commodities Business Description

Address 10 Bukit Batok Crescent, No. 10-01, The Spire, Singapore, SGP, 658079
Davis Commodities Ltd is an agricultural commodity trading company based in Singapore, which specializes in the trading of three main categories of agricultural commodities, namely sugar, rice, and oil and fat products. It distributes agricultural commodities to various markets, including Asia, Africa, and the Middle East. The company also provides customers of commodity offerings with complementary, ancillary services such as warehouse handling and storage, and logistics services. The Company operates across four main segments: the sale of sugar, rice, oil, and fat products, and others. Among these, the sale of sugar stands out as the primary revenue generator, contributing significantly to the company's overall income.
24GF Score

Get the complete analysis for DTCKF

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

$1.01
Price