Federal (TPE:2102) Days Inventory: 29.01 (As of Dec. 2025) — 72% Below Median


TPE:2102 Federal Corp TPE:2102
63 GF Score
Price NT$18.80
GF Value NT$16.63
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Federal Days Inventory?

Federal TPE:2102 +2.45% 63 Days Inventory is 29.01 as of Dec. 2025, which is 72% below its 10-year median of 103.05. GuruFocus rates TPE:2102 with a GF Score™ of 63/100 and a GF Value™ of NT$16.63 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,294 Vehicles & Parts companies, Federal ranks better than 87.25% on this metric.

Days Inventory is also known as Days Sales of Inventory (DSI). Federal's Average Total Inventories for the three months ended in Dec. 2025 was NT$16.7 Mil. Federal's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$52.5 Mil. Hence, Federal's Days Inventory for the three months ended in Dec. 2025 was 29.01.

The historical rank and industry rank for Federal's Days Inventory or its related term are showing as below:

TPE:2102' s Days Inventory Range Over the Past 10 Years
Min: 36.81   Med: 103.05   Max: 120.21
Current: 36.81

During the past 13 years, Federal's highest Days Inventory was 120.21. The lowest was 36.81. And the median was 103.05.

TPE:2102's Days Inventory is ranked better than
87.25% of 1294 companies
in the Vehicles & Parts industry
Industry Median: 80.43 vs TPE:2102: 36.81

Federal's Days Inventory declined from Dec. 2024 (50.92) to Dec. 2025 (29.01).

Inventory Turnover measures how fast the company turns over its inventory within a year. Federal's Inventory Turnover for the three months ended in Dec. 2025 was 3.15.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Federal's Inventory-to-Revenue for the three months ended in Dec. 2025 was 0.25.


Federal  (TPE:2102) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Federal's Inventory Turnover for the three months ended in Dec. 2025 is calculated as

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Federal's Inventory to Revenue for the three months 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.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Federal Days Inventory Related Terms


Federal Days Inventory Historical Data

* Premium members only.

The historical data trend for Federal's Days Inventory 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.

Federal Days Inventory Chart

Federal Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 120.21 108.56 117.52 77.56 37.87

Federal Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Days Inventory 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 50.92 40.99 33.94 42.91 29.01

TPE:2102 vs ORLY, AZO: Days Inventory Comparison

For the Auto Parts subindustry, Federal's Days Inventory, along with its competitors' market caps and Days Inventory 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.


Federal Days Inventory vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Federal's Days Inventory distribution charts can be found below:

* The bar in red indicates where Federal's Days Inventory falls into.


TPE:2102
63GF Score
Federal Corp TPE:2102
Days Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Federal Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Federal's Days Inventory for the fiscal year that ended in Dec. 2025 is calculated as

Days Inventory (A: Dec. 2025 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2024 ) + Total Inventories (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (31.692 + 12.221) / 2 ) / 211.607*365
=21.9565 / 211.607*365
=37.87

Federal's Days Inventory for the quarter that ended in Dec. 2025 is calculated as:

Days Inventory (Q: Dec. 2025 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2025 ) + Total Inventories (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (21.166 + 12.221) / 2 ) / 52.51*365 / 4
=16.6935 / 52.51*365 / 4
=29.01

* 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 Inventory →
What does a Days Inventory of 29.01 mean?
Federal (TPE:2102) has a Days Inventory of 29.01 as of Dec. 2025. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Federal and its competitors. This is 72% below median its historical median of 103.05. Over the past decade, Federal's Days Inventory has ranged from 36.81 to 120.21. According to the industry distribution chart, Federal ranks #165 out of 1294 companies in the Vehicles & Parts industry, placing it in the top 12.8%.
Is Federal's Days Inventory too high?
Federal's current Days Inventory of 29.01 is 72% below median its 10-year median of 103.05. Over the past 10 years, this metric has ranged from a low of 36.81 to a high of 120.21. The Vehicles & Parts industry median Days Inventory is 80.43. Federal's value of 29.01 is 63.9% below this industry median. Based on the distribution chart, Federal ranks #165 out of 1294 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Federal has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Federal's Days Inventory compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Federal ranks #165 out of 1294 companies for Days Inventory. This places Federal in the top 13% of its industry — outperforming the majority of peers. The industry median Days Inventory is 80.43. Federal's value of 29.01 is 63.9% below this benchmark. Historically, Federal's own Days Inventory has ranged from 36.81 to 120.21 over the past decade. While the company's 10-year median is 103.05 vs. the industry median of 80.43, Federal 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 Inventory for a Vehicles & Parts company?
The median Days Inventory among Vehicles & Parts companies is 80.43, based on 1,294 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Federal's current Days Inventory of 29.01 is 63.9% 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 Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Federal and its competitors. For the Vehicles & Parts industry, the median Days Inventory is 80.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Federal's current Days Inventory is 29.01, which is 72% below median its own 10-year median of 103.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Federal stock overvalued right now?
Based on GuruFocus' analysis, Federal (TPE:2102) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$16.63, compared to a current price of NT$18.80 — trading 13% above its estimated fair value. The current Days Inventory is 29.01, which is 72% below median its 10-year median of 103.05 and 63.9% below the Vehicles & Parts industry median of 80.43. Federal's overall GF Score™ is 63/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Federal (TPE:2102), the current Days Inventory is 29.01 as of Dec. 2025. 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 Federal (TPE:2102) Overvalued in 2026?

Based on GuruFocus' analysis, Federal stock appears to be overvalued. The current stock price of NT$18.80 is trading 13% above its estimated GF Value™ of NT$16.63. GuruFocus considers Federal to be Modestly Overvalued.

Key valuation signals for TPE:2102:

  • Days Inventory: 29.01 (72% below median its 10-year median of 103.05)
  • GF Value™: NT$16.63 vs. price of NT$18.80 (13% above fair value)
  • GF Score™: 63/100 with 5 warning signs
  • Industry Position: 63.9% below the Vehicles & Parts median (#165 of 1294)

No single metric tells the full story. See the TPE:2102 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Federal Business Description

Address No. 398, Huanbei Road, 2nd Floor-2, Zhongli District, Taoyuan, TWN
Federal Corp is a Taiwan-based company that engages in the manufacturing and sale of automobile tires and rubber, as well as real estate development and leasing. Its products include tires for ultra-high performance (UHP) vehicles and high-performance vehicles, tires for passenger cars, and tires for sports utility vehicles (SUVs), among others. It also provides light truck tires, drift tires, and all-season tires. The company derives its key revenue from the domestic market and the rest from Asia and America.
63GF Score

Get the complete analysis for TPE:2102

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

NT$18.80
Price
NT$16.63
GF Value