iX Biopharma (SGX:42C) Days Payable: 384.03 (As of Mar. 2026) — 281% 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.

SGX:42C iX Biopharma Ltd SGX:42C
36 GF Score
Price S$0.55
GF Value S$0.03
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is iX Biopharma Days Payable?

iX Biopharma SGX:42C +0.92% 36 Days Payable is 384.03 as of Mar. 2026, which is 281% above its 10-year median of 100.80. GuruFocus rates SGX:42C with a GF Score™ of 36/100 and a GF Value™ of S$0.03 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 926 Drug Manufacturers companies, iX Biopharma ranks better than 94.06% on this metric.

iX Biopharma's average Accounts Payable for the three months ended in Mar. 2026 was S$4.14 Mil. iX Biopharma's Cost of Goods Sold for the three months ended in Mar. 2026 was S$0.98 Mil. Hence, iX Biopharma's Days Payable for the three months ended in Mar. 2026 was 384.03.

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

SGX:42C' s Days Payable Range Over the Past 10 Years
Min: 31.44   Med: 100.8   Max: 1666.19
Current: 464.73

During the past 12 years, iX Biopharma's highest Days Payable was 1666.19. The lowest was 31.44. And the median was 100.80.

SGX:42C's Days Payable is ranked better than
94.06% of 926 companies
in the Drug Manufacturers industry
Industry Median: 90.22 vs SGX:42C: 464.73

iX Biopharma's Days Payable increased from Dec. 2024 (0.00) to Mar. 2026 (384.03). It may suggest that iX Biopharma delayed paying its suppliers.


iX Biopharma Days Payable Historical Data

* Premium members only.

The historical data trend for iX Biopharma'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.

iX Biopharma Days Payable Chart

iX Biopharma Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 119.95 67.26 31.44 61.50 81.64

iX Biopharma Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Mar25 Jun25 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 0.00 269.18 77.96 0.00 384.03

SGX:42C vs ZTS, UTHR, VTRS: Days Payable Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, iX Biopharma'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.


iX Biopharma Days Payable vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, iX Biopharma's Days Payable distribution charts can be found below:

* The bar in red indicates where iX Biopharma's Days Payable falls into.


SGX:42C
36GF Score
iX Biopharma Ltd SGX:42C
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

iX Biopharma 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.

iX Biopharma's Days Payable for the fiscal year that ended in Jun. 2025 is calculated as

Days Payable (A: Jun. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2024 ) + Accounts Payable (A: Jun. 2025 )) / count ) / Cost of Goods Sold (A: Jun. 2025 )*Days in Period
=( (1.26 + 1.302) / 2 ) / 5.727*365
=1.281 / 5.727*365
=81.64

iX Biopharma'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
=( (4.391 + 3.883) / 2 ) / 0.983*365 / 4
=4.137 / 0.983*365 / 4
=384.03

* 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 384.03 mean?
iX Biopharma (SGX:42C) has a Days Payable of 384.03 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 iX Biopharma and its competitors. This is 281% above median its historical median of 100.80. Over the past decade, iX Biopharma's Days Payable has ranged from 31.44 to 1,666.19. According to the industry distribution chart, iX Biopharma ranks #55 out of 926 companies in the Drug Manufacturers industry, placing it in the top 5.9%.
Is iX Biopharma's Days Payable too high?
iX Biopharma's current Days Payable of 384.03 is 281% above median its 10-year median of 100.80. Over the past 10 years, this metric has ranged from a low of 31.44 to a high of 1,666.19. The Drug Manufacturers industry median Days Payable is 90.22. iX Biopharma's value of 384.03 is 325.7% above this industry median. Based on the distribution chart, iX Biopharma ranks #55 out of 926 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, iX Biopharma has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does iX Biopharma's Days Payable compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, iX Biopharma ranks #55 out of 926 companies for Days Payable. This places iX Biopharma in the top 6% of its industry — outperforming the majority of peers. The industry median Days Payable is 90.22. iX Biopharma's value of 384.03 is 325.7% above this benchmark. Historically, iX Biopharma's own Days Payable has ranged from 31.44 to 1,666.19 over the past decade. While the company's 10-year median is 100.80 vs. the industry median of 90.22, iX Biopharma 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 Drug Manufacturers company?
The median Days Payable among Drug Manufacturers companies is 90.22, based on 926 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. iX Biopharma's current Days Payable of 384.03 is 325.7% 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 iX Biopharma and its competitors. For the Drug Manufacturers industry, the median Days Payable is 90.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. iX Biopharma's current Days Payable is 384.03, which is 281% above median its own 10-year median of 100.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is iX Biopharma stock overvalued right now?
Based on GuruFocus' analysis, iX Biopharma (SGX:42C) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.03, compared to a current price of S$0.55 — trading 1733.3% above its estimated fair value. The current Days Payable is 384.03, which is 281% above median its 10-year median of 100.80 and 325.7% above the Drug Manufacturers industry median of 90.22. iX Biopharma's overall GF Score™ is 36/100 with 5 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 iX Biopharma (SGX:42C), the current Days Payable is 384.03 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 iX Biopharma (SGX:42C) Overvalued in 2026?

Based on GuruFocus' analysis, iX Biopharma stock appears to be overvalued. The current stock price of S$0.55 is trading 1733.3% above its estimated GF Value™ of S$0.03. GuruFocus considers iX Biopharma to be Significantly Overvalued.

Key valuation signals for SGX:42C:

  • Days Payable: 384.03 (281% above median its 10-year median of 100.80)
  • GF Value™: S$0.03 vs. price of S$0.55 (1733.3% above fair value)
  • GF Score™: 36/100 with 5 warning signs
  • Industry Position: 325.7% above the Drug Manufacturers median (#55 of 926)

No single metric tells the full story. See the SGX:42C stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


iX Biopharma Business Description

Address 1 Kim Seng Promenade, No. 14-01, Great World City East Lobby, Singapore, SGP, 237994
iX Biopharma Ltd is a Singapore-based specialty pharmaceutical and nutraceutical company focused on the development, manufacture, and commercialization of therapies for the treatment of acute and breakthrough pain, and other health conditions. Its products under development are Wafermine and BnoX for pain management, Wafesil for erectile dysfunction, WafeRest for improved sleep quality, and others. Its business segments are the Specialty Pharmaceutical and Nutraceutical business segments. The firm's business segments operate in the United States of America, Singapore, Australia, and China, of which the majority of the revenue comes from the United States of America. The company generates the majority of its revenue from the sale of specialty pharmaceutical products.
36GF Score

Get the complete analysis for SGX:42C

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

S$0.55
Price
S$0.03
GF Value