Topkey (TPE:4536) Accounts Payable: NT$548 Mil (As of Mar. 2026)

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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.

TPE:4536 Topkey Corp TPE:4536
85 GF Score
Price NT$165.50
GF Value NT$173.48
Valuation Fairly Valued
! 5 Warning Signs
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What is Topkey Accounts Payable?

Topkey TPE:4536 +0.91% 85 Accounts Payable is NT$548 Mil as of Mar. 2026. GuruFocus rates TPE:4536 with a GF Score™ of 85/100 and a GF Value™ of NT$173.48 (Fairly Valued). The stock has 5 warning signs investors should review.

Topkey's Accounts Payable for the quarter that ended in Mar. 2026 was NT$548 Mil.

Topkey's quarterly Accounts Payable increased from Sep. 2025 (NT$490 Mil) to Dec. 2025 (NT$522 Mil) and increased from Dec. 2025 (NT$522 Mil) to Mar. 2026 (NT$548 Mil).

Topkey's annual Accounts Payable increased from Dec. 2023 (NT$400 Mil) to Dec. 2024 (NT$584 Mil) but then declined from Dec. 2024 (NT$584 Mil) to Dec. 2025 (NT$522 Mil).

Topkey Accounts Payable Historical Data

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The historical data trend for Topkey's Accounts 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.

Topkey Accounts Payable Chart

Topkey Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Accounts Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 609.38 661.69 399.96 584.04 522.06

Topkey Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Accounts 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 506.00 488.04 490.45 522.06 548.21
TPE:4536
85GF Score
Topkey Corp TPE:4536
Accounts Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Topkey Accounts Payable Calculation

Accounts Payable represents any money that a company owes its suppliers for goods and services purchased on credit and is expected to pay within the next year or operating cycle.

Frequently Asked Questions Learn more about Accounts Payable →
What does a Accounts Payable of NT$548 Mil mean?
Topkey (TPE:4536) has a Accounts Payable of NT$548 Mil as of Mar. 2026. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on Topkey and its competitors.
Is Topkey's Accounts Payable too high?
Topkey's current Accounts Payable is NT$548 Mil. Overall, Topkey has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Topkey's Accounts Payable compare to AS and HAS?
Topkey's Accounts Payable of NT$548 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Payable for a Travel & Leisure company?
A good Accounts Payable depends on the Travel & Leisure industry context. However, Accounts Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Payable mean?
A high Accounts Payable can signal that a stock is expensive relative to its fundamentals. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on Topkey and its competitors. Topkey's current Accounts Payable is NT$548 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Topkey stock overvalued right now?
Based on GuruFocus' analysis, Topkey (TPE:4536) is currently considered Fairly Valued. The stock's GF Value™ is NT$173.48, compared to a current price of NT$165.50 — trading 4.6% below its estimated fair value. The current Accounts Payable is NT$548 Mil. Topkey's overall GF Score™ is 85/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Payable calculated?
Accounts Payable is calculated from a company's financial statements. For Topkey (TPE:4536), the current Accounts Payable is NT$548 Mil 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 Topkey (TPE:4536) Overvalued in 2026?

Based on GuruFocus' analysis, Topkey stock appears to be undervalued. The current stock price of NT$165.50 is trading 4.6% below its estimated GF Value™ of NT$173.48. GuruFocus considers Topkey to be Fairly Valued.

Key valuation signals for TPE:4536:

  • Accounts Payable: NT$548 Mil
  • GF Value™: NT$173.48 vs. price of NT$165.50 (4.6% below fair value)
  • GF Score™: 85/100 with 5 warning signs

No single metric tells the full story. See the TPE:4536 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Topkey Business Description

Address No. 18, 20th Road, Industrial Park, Taichung, TWN
Topkey Corp is mainly engaged in the production, processing, sale, international trading, and agency services of sporting goods, carbon fiber products, glass fiber products, and composite materials. Revenue from the sales of goods comes from the sales of sporting goods which accounts for the majority of the company's revenue, aviation products, and medical products. Revenue from the rendering of services comes from professional labor services. The company operates in Asia which is also its key revenue-generating market, Europe, America, and other regions.
85GF Score

Get the complete analysis for TPE:4536

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

NT$165.50
Price
NT$173.48
GF Value