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IPCSGX:AZA 30 Days Payable is 112.33 as of Jun. 2026, which is 39% above its 10-year median of 80.90. GuruFocus rates SGX:AZA with a GF Score™ of 30/100 and a GF Value™ of S$0.11 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,574 Real Estate companies, IPC ranks better than 77.51% on this metric.
IPC's average Accounts Payable for the
six
months ended in Jun. 2026 was S$0.73 Mil. IPC's Cost of Goods Sold for the
six
months ended in Jun. 2026 was S$1.19 Mil.
Hence, IPC's Days Payable for the
six
months ended in Jun. 2026 was 112.33.
The historical rank and industry rank for IPC's Days Payable or its related term are showing as below:
SGX:AZA'
s Days Payable Range Over the Past 10 Years
Min: 28.33 Med: 80.9 Max: 261.57
Current: 261.57
During the past 13 years, IPC's highest Days Payable was 261.57. The lowest was 28.33. And the median was 80.90.
SGX:AZA's Days Payable is ranked better than 77.51% of 1574
companies
in the Real Estate industry
Industry Median: 95.305
vs SGX:AZA: 261.57
IPC's Days Payable
declined
from Jun. 2025 (760.89) to Jun. 2026 (112.33).
It may suggest that IPCaccelerated paying its suppliers.
The historical data trend for IPC'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.
SGX:AZA vs CBRE, BEKE, JLL: Days Payable Comparison
For the Real Estate Services subindustry, IPC'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.
IPC Days Payable vs Real Estate Industry
For the Real Estate industry and Real Estate sector, IPC's Days Payable distribution charts can be found below:
* The bar in red indicates where IPC's Days Payable falls into.
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.
IPC's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
IPC (SGX:AZA) has a Days Payable of 112.33 as of Jun. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on IPC and its competitors. This is 39% above median its historical median of 80.90. Over the past decade, IPC's Days Payable has ranged from 28.33 to 261.57. According to the industry distribution chart, IPC ranks #354 out of 1574 companies in the Real Estate industry, placing it in the top 22.5%.
Is IPC's Days Payable too high?
IPC's current Days Payable of 112.33 is 39% above median its 10-year median of 80.90. Over the past 10 years, this metric has ranged from a low of 28.33 to a high of 261.57. The Real Estate industry median Days Payable is 95.31. IPC's value of 112.33 is 17.9% above this industry median. Based on the distribution chart, IPC ranks #354 out of 1574 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, IPC has a GF Score™ of 30/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IPC's Days Payable compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, IPC ranks #354 out of 1574 companies for Days Payable. This places IPC in the top 23% of its industry — outperforming the majority of peers. The industry median Days Payable is 95.31. IPC's value of 112.33 is 17.9% above this benchmark. Historically, IPC's own Days Payable has ranged from 28.33 to 261.57 over the past decade. While the company's 10-year median is 80.90 vs. the industry median of 95.31, IPC 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 Real Estate company?
The median Days Payable among Real Estate companies is 95.31, based on 1,574 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. IPC's current Days Payable of 112.33 is 17.9% 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 IPC and its competitors. For the Real Estate industry, the median Days Payable is 95.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IPC's current Days Payable is 112.33, which is 39% above median its own 10-year median of 80.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IPC stock overvalued right now?
Based on GuruFocus' analysis, IPC (SGX:AZA) is currently considered Modestly Overvalued. The stock's GF Value™ is S$0.11, compared to a current price of S$0.14 — trading 26.4% above its estimated fair value. The current Days Payable is 112.33, which is 39% above median its 10-year median of 80.90 and 17.9% above the Real Estate industry median of 95.31. IPC's overall GF Score™ is 30/100 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 IPC (SGX:AZA), the current Days Payable is 112.33 as of Jun. 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 IPC (SGX:AZA) Overvalued in 2026?
Based on GuruFocus' analysis, IPC stock appears to be overvalued.
The current stock price of S$0.14 is trading 26.4% above its estimated GF Value™ of S$0.11.
GuruFocus considers IPC to be Modestly Overvalued.
Key valuation signals for SGX:AZA:
Days Payable: 112.33 (39% above median its 10-year median of 80.90)
GF Value™: S$0.11 vs. price of S$0.14 (26.4% above fair value)
Industry Position: 17.9% above the Real Estate median (#354 of 1574)
No single metric tells the full story. See the SGX:AZA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IPC Corp Ltd is an investment holding company. The company's operating segment includes Properties; Hotel management; Investment and Others. Its Properties segment relates to property development, investing, and reselling of properties. The Hotel management segment relates to the rendering of hotel management services. Geographically, it derives revenue from the People's Republic of China and also has a presence in Singapore and Japan.
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