Indorama Ventures PCL (FRA:I93) Days Payable: 86.55 (As of Mar. 2026) — 26% Above Median


FRA:I93 Indorama Ventures PCL FRA:I93
44 GF Score
Price €0.58
GF Value €0.51
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Indorama Ventures PCL Days Payable?

Indorama Ventures PCL FRA:I93 +0.87% 44 Days Payable is 86.55 as of Mar. 2026, which is 26% above its 10-year median of 68.56. GuruFocus rates FRA:I93 with a GF Score™ of 44/100 and a GF Value™ of €0.51 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,551 Chemicals companies, Indorama Ventures PCL ranks better than 70.28% on this metric.

Indorama Ventures PCL's average Accounts Payable for the three months ended in Mar. 2026 was €2,453 Mil. Indorama Ventures PCL's Cost of Goods Sold for the three months ended in Mar. 2026 was €2,587 Mil. Hence, Indorama Ventures PCL's Days Payable for the three months ended in Mar. 2026 was 86.55.

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

FRA:I93' s Days Payable Range Over the Past 10 Years
Min: 57.26   Med: 68.56   Max: 86.9
Current: 86.9

During the past 13 years, Indorama Ventures PCL's highest Days Payable was 86.90. The lowest was 57.26. And the median was 68.56.

FRA:I93's Days Payable is ranked better than
70.28% of 1551 companies
in the Chemicals industry
Industry Median: 59.87 vs FRA:I93: 86.90

Indorama Ventures PCL's Days Payable increased from Mar. 2025 (85.46) to Mar. 2026 (86.55). It may suggest that Indorama Ventures PCL delayed paying its suppliers.


Indorama Ventures PCL Days Payable Historical Data

* Premium members only.

The historical data trend for Indorama Ventures 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.

Indorama Ventures PCL Days Payable Chart

Indorama Ventures 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 71.86 65.37 81.46 73.83 83.63

Indorama Ventures 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 85.46 86.90 85.54 84.89 86.55

FRA:I93 vs DOW: Days Payable Comparison

For the Chemicals subindustry, Indorama Ventures 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.


Indorama Ventures PCL Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Indorama Ventures PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where Indorama Ventures PCL's Days Payable falls into.


FRA:I93
44GF Score
Indorama Ventures PCL FRA:I93
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Indorama Ventures 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.

Indorama Ventures 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
=( (2604.488 + 2321.21) / 2 ) / 10748.466*365
=2462.849 / 10748.466*365
=83.63

Indorama Ventures 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
=( (2321.21 + 2585.331) / 2 ) / 2586.522*365 / 4
=2453.2705 / 2586.522*365 / 4
=86.55

* 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 86.55 mean?
Indorama Ventures PCL (FRA:I93) has a Days Payable of 86.55 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 Indorama Ventures PCL and its competitors. This is 26% above median its historical median of 68.56. Over the past decade, Indorama Ventures PCL's Days Payable has ranged from 57.26 to 86.90. According to the industry distribution chart, Indorama Ventures PCL ranks #461 out of 1551 companies in the Chemicals industry, placing it in the top 29.7%.
Is Indorama Ventures PCL's Days Payable too high?
Indorama Ventures PCL's current Days Payable of 86.55 is 26% above median its 10-year median of 68.56. Over the past 10 years, this metric has ranged from a low of 57.26 to a high of 86.90. The Chemicals industry median Days Payable is 59.87. Indorama Ventures PCL's value of 86.55 is 44.6% above this industry median. Based on the distribution chart, Indorama Ventures PCL ranks #461 out of 1551 companies in the Chemicals industry, which is above the industry midpoint. Overall, Indorama Ventures PCL has a GF Score™ of 44/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Indorama Ventures PCL's Days Payable compare to DOW?
According to the Chemicals industry distribution chart, Indorama Ventures PCL ranks #461 out of 1551 companies for Days Payable. This puts Indorama Ventures PCL in the upper half of its industry. The industry median Days Payable is 59.87. Indorama Ventures PCL's value of 86.55 is 44.6% above this benchmark. Historically, Indorama Ventures PCL's own Days Payable has ranged from 57.26 to 86.90 over the past decade. While the company's 10-year median is 68.56 vs. the industry median of 59.87, Indorama Ventures 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 Chemicals company?
The median Days Payable among Chemicals companies is 59.87, based on 1,551 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. Indorama Ventures PCL's current Days Payable of 86.55 is 44.6% 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 Indorama Ventures PCL and its competitors. For the Chemicals industry, the median Days Payable is 59.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indorama Ventures PCL's current Days Payable is 86.55, which is 26% above median its own 10-year median of 68.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indorama Ventures PCL stock overvalued right now?
Based on GuruFocus' analysis, Indorama Ventures PCL (FRA:I93) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.51, compared to a current price of €0.58 — trading 13.7% above its estimated fair value. The current Days Payable is 86.55, which is 26% above median its 10-year median of 68.56 and 44.6% above the Chemicals industry median of 59.87. Indorama Ventures PCL's overall GF Score™ is 44/100 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 Indorama Ventures PCL (FRA:I93), the current Days Payable is 86.55 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 Indorama Ventures PCL (FRA:I93) Overvalued in 2026?

Based on GuruFocus' analysis, Indorama Ventures PCL stock appears to be overvalued. The current stock price of €0.58 is trading 13.7% above its estimated GF Value™ of €0.51. GuruFocus considers Indorama Ventures PCL to be Modestly Overvalued.

Key valuation signals for FRA:I93:

  • Days Payable: 86.55 (26% above median its 10-year median of 68.56)
  • GF Value™: €0.51 vs. price of €0.58 (13.7% above fair value)
  • GF Score™: 44/100 with 7 warning signs
  • Industry Position: 44.6% above the Chemicals median (#461 of 1551)

No single metric tells the full story. See the FRA:I93 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Indorama Ventures PCL Business Description

Other Exchanges IVL:Thailand
Address Asoke Road, Klongtoeynua, 37th Floor, Soi Sukhumvit 19, 75/102, Ocean Tower II, Wattana, Bangkok, THA, 10110
Indorama Ventures PCL is engaged in the manufacture and distribution of Polyethylene Terephthalate, Purified Terephthalic Acid, Paraxylene, recycling, Purified Isophthalic Acid, Naphthalene Dicarboxylate, PET preforms and packaging, Integrated EG, Integrated purified EO, PO/MTBE, Integrated Surfactants comprising EOA, LAB and others, Fibers including Polyester, Rayon, Nylon, Polypropylene, composites and worsted wool fibers products. The company operates in three reportable segments Combined PET, Integrated Oxides and Derivatives and Fibers. The maximum revenue is derived from the Combined PET segment.
44GF Score

Get the complete analysis for FRA:I93

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

€0.58
Price
€0.51
GF Value