BTM Resources Bhd (XKLS:7188) Days Payable: 47.04 (As of Mar. 2026) — 14% Below Median


What is BTM Resources Bhd Days Payable?

BTM Resources Bhd XKLS:7188 Days Payable is 47.04 as of Mar. 2026, which is 14% below its 10-year median of 54.46. The stock has 3 warning signs investors should review. Among 275 Forest Products companies, BTM Resources Bhd ranks better than 73.82% on this metric.

BTM Resources Bhd's average Accounts Payable for the three months ended in Mar. 2026 was RM1.44 Mil. BTM Resources Bhd's Cost of Goods Sold for the three months ended in Mar. 2026 was RM2.80 Mil. Hence, BTM Resources Bhd's Days Payable for the three months ended in Mar. 2026 was 47.04.

The historical rank and industry rank for BTM Resources Bhd's Days Payable or its related term are showing as below:

XKLS:7188' s Days Payable Range Over the Past 10 Years
Min: 32.72   Med: 54.46   Max: 93.41
Current: 93.41

During the past 13 years, BTM Resources Bhd's highest Days Payable was 93.41. The lowest was 32.72. And the median was 54.46.

XKLS:7188's Days Payable is ranked better than
73.82% of 275 companies
in the Forest Products industry
Industry Median: 57.49 vs XKLS:7188: 93.41

BTM Resources Bhd's Days Payable declined from Sep. 2024 (142.50) to Mar. 2026 (47.04). It may suggest that BTM Resources Bhd accelerated paying its suppliers.


BTM Resources Bhd Days Payable Historical Data

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The historical data trend for BTM Resources Bhd'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.

BTM Resources Bhd Days Payable Chart

BTM Resources Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 55.80 61.34 71.48 70.39 32.72

BTM Resources Bhd Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Sep25 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 142.50 6.51 24.13 61.88 47.04

XKLS:7188 vs SSD, UFPI, BCC: Days Payable Comparison

For the Lumber & Wood Production subindustry, BTM Resources Bhd'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.


BTM Resources Bhd Days Payable vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, BTM Resources Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where BTM Resources Bhd's Days Payable falls into.



BTM Resources Bhd 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.

BTM Resources Bhd's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

Days Payable (A: Dec. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2022 ) + Accounts Payable (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (1.69 + 0.354) / 2 ) / 11.401*365
=1.022 / 11.401*365
=32.72

BTM Resources Bhd'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: Sep. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (1.618 + 1.27) / 2 ) / 2.801*365 / 4
=1.444 / 2.801*365 / 4
=47.04

* 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 47.04 mean?
BTM Resources Bhd (XKLS:7188) has a Days Payable of 47.04 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 BTM Resources Bhd and its competitors. This is 14% below median its historical median of 54.46. Over the past decade, BTM Resources Bhd's Days Payable has ranged from 32.72 to 93.41. According to the industry distribution chart, BTM Resources Bhd ranks #72 out of 275 companies in the Forest Products industry, placing it in the top 26.2%.
Is BTM Resources Bhd's Days Payable too high?
BTM Resources Bhd's current Days Payable of 47.04 is 14% below median its 10-year median of 54.46. Over the past 10 years, this metric has ranged from a low of 32.72 to a high of 93.41. The Forest Products industry median Days Payable is 57.49. BTM Resources Bhd's value of 47.04 is 18.2% below this industry median. Based on the distribution chart, BTM Resources Bhd ranks #72 out of 275 companies in the Forest Products industry, which is above the industry midpoint.
How does BTM Resources Bhd's Days Payable compare to SSD and UFPI?
According to the Forest Products industry distribution chart, BTM Resources Bhd ranks #72 out of 275 companies for Days Payable. This puts BTM Resources Bhd in the upper half of its industry. The industry median Days Payable is 57.49. BTM Resources Bhd's value of 47.04 is 18.2% below this benchmark. Historically, BTM Resources Bhd's own Days Payable has ranged from 32.72 to 93.41 over the past decade. While the company's 10-year median is 54.46 vs. the industry median of 57.49, BTM Resources Bhd 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 Forest Products company?
The median Days Payable among Forest Products companies is 57.49, based on 275 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. BTM Resources Bhd's current Days Payable of 47.04 is 18.2% 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 BTM Resources Bhd and its competitors. For the Forest Products industry, the median Days Payable is 57.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BTM Resources Bhd's current Days Payable is 47.04, which is 14% below median its own 10-year median of 54.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BTM Resources Bhd stock overvalued right now?
Based on GuruFocus' analysis, BTM Resources Bhd (XKLS:7188) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.02, compared to a current price of RM0.04 — trading 75% above its estimated fair value. The current Days Payable is 47.04, which is 14% below median its 10-year median of 54.46 and 18.2% below the Forest Products industry median of 57.49. 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 BTM Resources Bhd (XKLS:7188), the current Days Payable is 47.04 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.

BTM Resources Bhd Business Description

Address Jalan PJU 1/41, No. 35-4, Dataran Prima, Petaling Jaya, SGR, MYS, 47301
BTM Resources Bhd is a Malaysian investment holding company. The principal activities of the company consist of investment holding and the provision of management services. It is engaged in the business of logging, sawmilling, trading in sawn timbers, plywood and logs, timber molding and manufacturing of finger-jointed timber and lamination boards and letting of plant and machinery. The company operates in Malaysia, Australia, Korea, USA and Singapore, of which it generates a majority of the revenue from Malaysia.