TCM Group AS (OCSE:TCM) Days Payable: 51.48 (As of Mar. 2026) — 17% Below Median


OCSE:TCM TCM Group AS OCSE:TCM
85 GF Score
Price kr69.00
GF Value kr73.80
Valuation Fairly Valued
! 4 Warning Signs
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What is TCM Group AS Days Payable?

TCM Group AS OCSE:TCM 85 Days Payable is 51.48 as of Mar. 2026, which is 17% below its 10-year median of 62.16. GuruFocus rates OCSE:TCM with a GF Score™ of 85/100 and a GF Value™ of kr73.80 (Fairly Valued). The stock has 4 warning signs investors should review. Among 415 Furnishings, Fixtures & Appliances companies, TCM Group AS ranks worse than 59.28% on this metric.

TCM Group AS's average Accounts Payable for the three months ended in Mar. 2026 was kr157 Mil. TCM Group AS's Cost of Goods Sold for the three months ended in Mar. 2026 was kr278 Mil. Hence, TCM Group AS's Days Payable for the three months ended in Mar. 2026 was 51.48.

The historical rank and industry rank for TCM Group AS's Days Payable or its related term are showing as below:

OCSE:TCM' s Days Payable Range Over the Past 10 Years
Min: 46.18   Med: 62.16   Max: 87.52
Current: 55.06

During the past 12 years, TCM Group AS's highest Days Payable was 87.52. The lowest was 46.18. And the median was 62.16.

OCSE:TCM's Days Payable is ranked worse than
59.28% of 415 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 64.14 vs OCSE:TCM: 55.06

TCM Group AS's Days Payable declined from Mar. 2025 (51.72) to Mar. 2026 (51.48). It may suggest that TCM Group AS accelerated paying its suppliers.


TCM Group AS Days Payable Historical Data

* Premium members only.

The historical data trend for TCM Group AS'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.

TCM Group AS Days Payable Chart

TCM Group AS 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 60.78 61.97 62.34 51.38 46.18

TCM Group AS 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 51.72 53.88 61.24 49.15 51.48

OCSE:TCM vs SN, SGI, MHK: Days Payable Comparison

For the Furnishings, Fixtures & Appliances subindustry, TCM Group AS'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.


TCM Group AS Days Payable vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, TCM Group AS's Days Payable distribution charts can be found below:

* The bar in red indicates where TCM Group AS's Days Payable falls into.


OCSE:TCM
85GF Score
TCM Group AS OCSE:TCM
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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TCM Group AS 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.

TCM Group AS'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
=( (122.285 + 127.893) / 2 ) / 988.723*365
=125.089 / 988.723*365
=46.18

TCM Group AS'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
=( (127.893 + 185.9) / 2 ) / 278.1*365 / 4
=156.8965 / 278.1*365 / 4
=51.48

* 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 51.48 mean?
TCM Group AS (OCSE:TCM) has a Days Payable of 51.48 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 TCM Group AS and its competitors. This is 17% below median its historical median of 62.16. Over the past decade, TCM Group AS's Days Payable has ranged from 46.18 to 87.52. According to the industry distribution chart, TCM Group AS ranks #246 out of 415 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 59.3%.
Is TCM Group AS's Days Payable too high?
TCM Group AS's current Days Payable of 51.48 is 17% below median its 10-year median of 62.16. Over the past 10 years, this metric has ranged from a low of 46.18 to a high of 87.52. The Furnishings, Fixtures & Appliances industry median Days Payable is 64.14. TCM Group AS's value of 51.48 is 19.7% below this industry median. Based on the distribution chart, TCM Group AS ranks #246 out of 415 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, TCM Group AS has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TCM Group AS's Days Payable compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, TCM Group AS ranks #246 out of 415 companies for Days Payable. This places TCM Group AS in the lower half of its industry. The industry median Days Payable is 64.14. TCM Group AS's value of 51.48 is 19.7% below this benchmark. Historically, TCM Group AS's own Days Payable has ranged from 46.18 to 87.52 over the past decade. While the company's 10-year median is 62.16 vs. the industry median of 64.14, TCM Group AS 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 Furnishings, Fixtures & Appliances company?
The median Days Payable among Furnishings, Fixtures & Appliances companies is 64.14, based on 415 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. TCM Group AS's current Days Payable of 51.48 is 19.7% 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 TCM Group AS and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Days Payable is 64.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TCM Group AS's current Days Payable is 51.48, which is 17% below median its own 10-year median of 62.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TCM Group AS stock overvalued right now?
Based on GuruFocus' analysis, TCM Group AS (OCSE:TCM) is currently considered Fairly Valued. The stock's GF Value™ is kr73.80, compared to a current price of kr69.00 — trading 6.5% below its estimated fair value. The current Days Payable is 51.48, which is 17% below median its 10-year median of 62.16 and 19.7% below the Furnishings, Fixtures & Appliances industry median of 64.14. TCM Group AS's overall GF Score™ is 85/100 with 4 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 TCM Group AS (OCSE:TCM), the current Days Payable is 51.48 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 TCM Group AS (OCSE:TCM) Overvalued in 2026?

Based on GuruFocus' analysis, TCM Group AS stock appears to be undervalued. The current stock price of kr69.00 is trading 6.5% below its estimated GF Value™ of kr73.80. GuruFocus considers TCM Group AS to be Fairly Valued.

Key valuation signals for OCSE:TCM:

  • Days Payable: 51.48 (17% below median its 10-year median of 62.16)
  • GF Value™: kr73.80 vs. price of kr69.00 (6.5% below fair value)
  • GF Score™: 85/100 with 4 warning signs
  • Industry Position: 19.7% below the Furnishings, Fixtures & Appliances median (#246 of 415)

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


TCM Group AS Business Description

Other Exchanges 0CUN:UK
Address Skautrupvej 16, Tvis, Holstebro, DNK, 7500
TCM Group AS manufactures and supplies kitchen and furniture products for bathrooms and storage in Denmark and the other Scandinavian countries. Its products include drawers, cabinets, fronts, table tops, handles, and other accessories. It offers its products under the Svane Kokkenet, Tvis Kokkener, Nettoline, and kitchen brands. The company also sells private-label products through Do-It-Yourself and kitchen specialty stores in Denmark and Norway. The group sells its products in Denmark and other countries, of which a majority of the revenue is derived from Denmark. It also has a presence in Norway and other countries.
85GF Score

Get the complete analysis for OCSE:TCM

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

kr69.00
Price
kr73.80
GF Value