IPAS Indexo (ORSE:IDX1R) Days Payable: 37.89 (As of Mar. 2026) — 14% Above Median


ORSE:IDX1R IPAS Indexo ORSE:IDX1R
71 GF Score
Price €8.62
GF Value €15.18
Valuation Possible Value Trap
! 8 Warning Signs
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What is IPAS Indexo Days Payable?

IPAS Indexo ORSE:IDX1R -0.92% 71 Days Payable is 37.89 as of Mar. 2026, which is 14% above its 10-year median of 33.28. GuruFocus rates ORSE:IDX1R with a GF Score™ of 71/100 and a GF Value™ of €15.18 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 482 Asset Management companies, IPAS Indexo ranks worse than 68.67% on this metric.

IPAS Indexo's average Accounts Payable for the three months ended in Mar. 2026 was €1.71 Mil. IPAS Indexo's Cost of Goods Sold for the three months ended in Mar. 2026 was €4.11 Mil. Hence, IPAS Indexo's Days Payable for the three months ended in Mar. 2026 was 37.89.

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

ORSE:IDX1R' s Days Payable Range Over the Past 10 Years
Min: 8.54   Med: 33.28   Max: 121.41
Current: 37.26

During the past 8 years, IPAS Indexo's highest Days Payable was 121.41. The lowest was 8.54. And the median was 33.28.

ORSE:IDX1R's Days Payable is ranked worse than
68.67% of 482 companies
in the Asset Management industry
Industry Median: 70.53 vs ORSE:IDX1R: 37.26

IPAS Indexo's Days Payable declined from Mar. 2025 (54.02) to Mar. 2026 (37.89). It may suggest that IPAS Indexo accelerated paying its suppliers.


IPAS Indexo Days Payable Historical Data

* Premium members only.

The historical data trend for IPAS Indexo'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.

IPAS Indexo Days Payable Chart

IPAS Indexo Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial 13.39 19.89 72.98 57.31 121.41

IPAS Indexo Quarterly Data
Dec20 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 54.02 25.17 3.83 254.78 37.89

ORSE:IDX1R vs BLK, BX, KKR: Days Payable Comparison

For the Asset Management subindustry, IPAS Indexo'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.


IPAS Indexo Days Payable vs Asset Management Industry

For the Asset Management industry and Financial Services sector, IPAS Indexo's Days Payable distribution charts can be found below:

* The bar in red indicates where IPAS Indexo's Days Payable falls into.


ORSE:IDX1R
71GF Score
IPAS Indexo ORSE:IDX1R
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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IPAS Indexo 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.

IPAS Indexo'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
=( (0.515 + 1.707) / 2 ) / 3.34*365
=1.111 / 3.34*365
=121.41

IPAS Indexo'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
=( (1.707 + 0) / 1 ) / 4.111*365 / 4
=1.707 / 4.111*365 / 4
=37.89

* 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 37.89 mean?
IPAS Indexo (ORSE:IDX1R) has a Days Payable of 37.89 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 IPAS Indexo and its competitors. This is 14% above median its historical median of 33.28. Over the past decade, IPAS Indexo's Days Payable has ranged from 8.54 to 121.41. According to the industry distribution chart, IPAS Indexo ranks #331 out of 482 companies in the Asset Management industry, placing it in the top 68.7%.
Is IPAS Indexo's Days Payable too high?
IPAS Indexo's current Days Payable of 37.89 is 14% above median its 10-year median of 33.28. Over the past 10 years, this metric has ranged from a low of 8.54 to a high of 121.41. The Asset Management industry median Days Payable is 70.53. IPAS Indexo's value of 37.89 is 46.3% below this industry median. Based on the distribution chart, IPAS Indexo ranks #331 out of 482 companies in the Asset Management industry, which is below the industry midpoint. Overall, IPAS Indexo has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does IPAS Indexo's Days Payable compare to BLK and BX?
According to the Asset Management industry distribution chart, IPAS Indexo ranks #331 out of 482 companies for Days Payable. This places IPAS Indexo in the lower half of its industry. The industry median Days Payable is 70.53. IPAS Indexo's value of 37.89 is 46.3% below this benchmark. Historically, IPAS Indexo's own Days Payable has ranged from 8.54 to 121.41 over the past decade. While the company's 10-year median is 33.28 vs. the industry median of 70.53, IPAS Indexo 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 an Asset Management company?
The median Days Payable among Asset Management companies is 70.53, based on 482 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. IPAS Indexo's current Days Payable of 37.89 is 46.3% 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 IPAS Indexo and its competitors. For the Asset Management industry, the median Days Payable is 70.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IPAS Indexo's current Days Payable is 37.89, which is 14% above median its own 10-year median of 33.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IPAS Indexo stock overvalued right now?
Based on GuruFocus' analysis, IPAS Indexo (ORSE:IDX1R) is currently considered Possible Value Trap. The stock's GF Value™ is €15.18, compared to a current price of €8.62 — trading 43.2% below its estimated fair value. The current Days Payable is 37.89, which is 14% above median its 10-year median of 33.28 and 46.3% below the Asset Management industry median of 70.53. IPAS Indexo's overall GF Score™ is 71/100 with 8 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 IPAS Indexo (ORSE:IDX1R), the current Days Payable is 37.89 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 IPAS Indexo (ORSE:IDX1R) Overvalued in 2026?

Based on GuruFocus' analysis, IPAS Indexo stock appears to be undervalued. The current stock price of €8.62 is trading 43.2% below its estimated GF Value™ of €15.18. GuruFocus considers IPAS Indexo to be Possible Value Trap.

Key valuation signals for ORSE:IDX1R:

  • Days Payable: 37.89 (14% above median its 10-year median of 33.28)
  • GF Value™: €15.18 vs. price of €8.62 (43.2% below fair value)
  • GF Score™: 71/100 with 8 warning signs
  • Industry Position: 46.3% below the Asset Management median (#331 of 482)

No single metric tells the full story. See the ORSE:IDX1R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IPAS Indexo Business Description

Other Exchanges S9S:Germany
Address 1 Roberta Hirsa Street, Riga, LVA, 1045
IPAS Indexo is a licensed investment management company. Along with its subsidiaries, it operates in the following segments: Asset management, Bank development, and Non-bank lending. Maximum revenue is generated from the Asset Management segment, which includes management of the assets of state-funded pension scheme investment plans and private pension scheme investment plans. The Bank development segment represents the income generated from the provision of various banking services (including accepting deposits, granting loans, offering payment solutions, issuing credit cards, etc.) by its banking subsidiary, and the Non-bank lending represents its non-bank lending activities. Geographically, the group's maximum revenue is generated from Latvia, and rest from the European Economic Area.
71GF Score

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

€8.62
Price
€15.18
GF Value