TotvsTTVSY +2.27%66 Days Payable is 49.79 as of Mar. 2026, which is 16% above its 10-year median of 42.84. GuruFocus rates TTVSY with a GF Score™ of 66/100 and a GF Value™ of $17.46 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,602 Software companies, Totvs ranks worse than 53.11% on this metric.
Totvs's average Accounts Payable for the
three
months ended in Mar. 2026 was $50 Mil. Totvs's Cost of Goods Sold for the
three
months ended in Mar. 2026 was $92 Mil.
Hence, Totvs's Days Payable for the
three
months ended in Mar. 2026 was 49.79.
The historical rank and industry rank for Totvs's Days Payable or its related term are showing as below:
TTVSY'
s Days Payable Range Over the Past 10 Years
Min: 33.4 Med: 42.84 Max: 54.89
Current: 49.6
During the past 13 years, Totvs's highest Days Payable was 54.89. The lowest was 33.40. And the median was 42.84.
TTVSY's Days Payable is ranked worse than 53.11% of 2602
companies
in the Software industry
Industry Median: 53.825
vs TTVSY: 49.60
Totvs's Days Payable
increased
from Mar. 2025 (48.96) to Mar. 2026 (49.79).
It may suggest that Totvsdelayed paying its suppliers.
Totvs Days Payable Related Terms
Totvs Days Payable Historical Data
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The historical data trend for Totvs'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.
For the Software - Application subindustry, Totvs'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.
Totvs Days Payable vs Software Industry
For the Software industry and Technology sector, Totvs's Days Payable distribution charts can be found below:
* The bar in red indicates where Totvs'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.
Totvs'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.
Totvs (TTVSY) has a Days Payable of 49.79 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 Totvs and its competitors. This is 16% above median its historical median of 42.84. Over the past decade, Totvs' Days Payable has ranged from 33.40 to 54.89. According to the industry distribution chart, Totvs ranks #1382 out of 2602 companies in the Software industry, placing it in the top 53.1%.
Is Totvs' Days Payable too high?
Totvs' current Days Payable of 49.79 is 16% above median its 10-year median of 42.84. Over the past 10 years, this metric has ranged from a low of 33.40 to a high of 54.89. The Software industry median Days Payable is 53.83. Totvs' value of 49.79 is 7.5% below this industry median. Based on the distribution chart, Totvs ranks #1382 out of 2602 companies in the Software industry, which is below the industry midpoint. Overall, Totvs has a GF Score™ of 66/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Totvs' Days Payable compare to UBER and SHOP?
According to the Software industry distribution chart, Totvs ranks #1382 out of 2602 companies for Days Payable. This places Totvs in the lower half of its industry. The industry median Days Payable is 53.83. Totvs' value of 49.79 is 7.5% below this benchmark. Historically, Totvs' own Days Payable has ranged from 33.40 to 54.89 over the past decade. While the company's 10-year median is 42.84 vs. the industry median of 53.83, Totvs 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 Software company?
The median Days Payable among Software companies is 53.83, based on 2,602 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. Totvs's current Days Payable of 49.79 is 7.5% 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 Totvs and its competitors. For the Software industry, the median Days Payable is 53.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Totvs's current Days Payable is 49.79, which is 16% above median its own 10-year median of 42.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Totvs stock overvalued right now?
Based on GuruFocus' analysis, Totvs (TTVSY) is currently considered Significantly Undervalued. The stock's GF Value™ is $17.46, compared to a current price of $11.27 — trading 35.5% below its estimated fair value. The current Days Payable is 49.79, which is 16% above median its 10-year median of 42.84 and 7.5% below the Software industry median of 53.83. Totvs' overall GF Score™ is 66/100 with 1 warning sign 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 Totvs (TTVSY), the current Days Payable is 49.79 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 Totvs (TTVSY) Overvalued in 2026?
Based on GuruFocus' analysis, Totvs stock appears to be undervalued.
The current stock price of $11.27 is trading 35.5% below its estimated GF Value™ of $17.46.
GuruFocus considers Totvs to be Significantly Undervalued.
Key valuation signals for TTVSY:
Days Payable: 49.79 (16% above median its 10-year median of 42.84)
GF Value™: $17.46 vs. price of $11.27 (35.5% below fair value)
Industry Position: 7.5% below the Software median (#1382 of 2602)
No single metric tells the full story. See the TTVSY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Totvs SA is a provider of information technology solutions to small and medium enterprises in the education, government, healthcare, and retail end markets. The Company's business purpose is to provide business solutions for companies of all sizes, through the development and sale of management software, productivity platforms, collaboration, and data intelligence, digital marketing, as well as the provision of implementation, consulting, advisory, maintenance services, e-commerce, and mobility. The Company operates in three reportable segments, which include the TOTVS Management segment, the RD Station segment, and the TOTVS Techfin segment. The majority of its revenues is generated from the TOTVS Management segment.
66GF Score
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