FSRCY (First Resources) Days Payable: 22.25 (As of Dec. 2025) — Near Median


FSRCY First Resources Ltd FSRCY
80 GF Score
Price $238.46
GF Value $189.83
Valuation Modestly Overvalued
! 3 Warning Signs
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What is First Resources Days Payable?

First Resources FSRCY 80 Days Payable is 22.25 as of Dec. 2025, which is 2% below its 10-year median of 22.78. GuruFocus rates FSRCY with a GF Score™ of 80/100 and a GF Value™ of $189.83 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,884 Consumer Packaged Goods companies, First Resources ranks worse than 77.92% on this metric.

First Resources's average Accounts Payable for the six months ended in Dec. 2025 was $70 Mil. First Resources's Cost of Goods Sold for the six months ended in Dec. 2025 was $572 Mil. Hence, First Resources's Days Payable for the six months ended in Dec. 2025 was 22.25.

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

FSRCY' s Days Payable Range Over the Past 10 Years
Min: 19.6   Med: 22.78   Max: 30.15
Current: 24.72

During the past 13 years, First Resources's highest Days Payable was 30.15. The lowest was 19.60. And the median was 22.78.

FSRCY's Days Payable is ranked worse than
77.92% of 1884 companies
in the Consumer Packaged Goods industry
Industry Median: 43.885 vs FSRCY: 24.72

First Resources's Days Payable declined from Dec. 2024 (26.48) to Dec. 2025 (22.25). It may suggest that First Resources accelerated paying its suppliers.


First Resources Days Payable Historical Data

* Premium members only.

The historical data trend for First Resources'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.

First Resources Days Payable Chart

First Resources 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 19.77 21.26 21.01 28.78 22.53

First Resources Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 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 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 22.31 26.66 26.48 29.83 22.25

FSRCY vs KHC, GIS: Days Payable Comparison

For the Packaged Foods subindustry, First Resources'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.


First Resources Days Payable vs Consumer Packaged Goods Industry

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

* The bar in red indicates where First Resources's Days Payable falls into.


FSRCY
80GF Score
First Resources Ltd FSRCY
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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First Resources 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.

First Resources'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
=( (54.043 + 65.114) / 2 ) / 965.372*365
=59.5785 / 965.372*365
=22.53

First Resources'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
=( (74.428 + 65.114) / 2 ) / 572.35*365 / 2
=69.771 / 572.35*365 / 2
=22.25

* 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 22.25 mean?
First Resources (FSRCY) has a Days Payable of 22.25 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 First Resources and its competitors. This is near median its historical median of 22.78. Over the past decade, First Resources' Days Payable has ranged from 19.60 to 30.15. According to the industry distribution chart, First Resources ranks #1468 out of 1884 companies in the Consumer Packaged Goods industry, placing it in the top 77.9%.
Is First Resources' Days Payable too high?
First Resources' current Days Payable of 22.25 is near median its 10-year median of 22.78. Over the past 10 years, this metric has ranged from a low of 19.60 to a high of 30.15. The Consumer Packaged Goods industry median Days Payable is 43.89. First Resources' value of 22.25 is 49.3% below this industry median. Based on the distribution chart, First Resources ranks #1468 out of 1884 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, First Resources has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Resources' Days Payable compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, First Resources ranks #1468 out of 1884 companies for Days Payable. This places First Resources in the lower half of its industry. The industry median Days Payable is 43.89. First Resources' value of 22.25 is 49.3% below this benchmark. Historically, First Resources' own Days Payable has ranged from 19.60 to 30.15 over the past decade. While the company's 10-year median is 22.78 vs. the industry median of 43.89, First Resources 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 43.89, based on 1,884 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. First Resources's current Days Payable of 22.25 is 49.3% 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 First Resources and its competitors. For the Consumer Packaged Goods industry, the median Days Payable is 43.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Resources's current Days Payable is 22.25, which is near median its own 10-year median of 22.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Resources stock overvalued right now?
Based on GuruFocus' analysis, First Resources (FSRCY) is currently considered Modestly Overvalued. The stock's GF Value™ is $189.83, compared to a current price of $238.46 — trading 25.6% above its estimated fair value. The current Days Payable is 22.25, which is near median its 10-year median of 22.78 and 49.3% below the Consumer Packaged Goods industry median of 43.89. First Resources' overall GF Score™ is 80/100 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 First Resources (FSRCY), the current Days Payable is 22.25 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.

Is First Resources (FSRCY) Overvalued in 2026?

Based on GuruFocus' analysis, First Resources stock appears to be overvalued. The current stock price of $238.46 is trading 25.6% above its estimated GF Value™ of $189.83. GuruFocus considers First Resources to be Modestly Overvalued.

Key valuation signals for FSRCY:

  • Days Payable: 22.25 (near median its 10-year median of 22.78)
  • GF Value™: $189.83 vs. price of $238.46 (25.6% above fair value)
  • GF Score™: 80/100 with 3 warning signs
  • Industry Position: 49.3% below the Consumer Packaged Goods median (#1468 of 1884)

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


First Resources Business Description

Other Exchanges EB5:Singapore5F1:Germany
Address 7 Temasek Boulevard, No. 24-01, Suntec Tower One, Singapore, SGP, 038987
First Resources Ltd manages hectares of oil palm plantations located in Indonesia and mills fresh fruit bunches into crude palm oil and palm kernel. In addition, the group also processes crude palm oil and palm kernel into higher-value palm-based products such as refined, bleached, and deodorized olein and biodiesel. The operating segment of the company is Plantations, Palm Oil Mills & Refinery and Processing. The plantations and palm oil mills segment is principally involved in the cultivation and maintenance of oil palm plantations and the operation of palm oil mills. Refinery and processing segment markets and sells processed palm-based products produced from the refinery, fractionation and biodiesel plants, and other downstream processing facilities.
80GF Score

Get the complete analysis for FSRCY

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

$238.46
Price
$189.83
GF Value