Taiwan Paiho (TPE:9938) Days Inventory: 157.99 (As of Mar. 2026) — 16% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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Founder & CEO of GuruFocus
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:9938 Taiwan Paiho Ltd TPE:9938
79 GF Score
Price NT$41.20
GF Value NT$68.18
Valuation Possible Value Trap
! 7 Warning Signs
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What is Taiwan Paiho Days Inventory?

Taiwan Paiho TPE:9938 -1.90% 79 Days Inventory is 157.99 as of Mar. 2026, which is 16% below its 10-year median of 188.82. GuruFocus rates TPE:9938 with a GF Score™ of 79/100 and a GF Value™ of NT$68.18 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,005 Manufacturing - Apparel & Accessories companies, Taiwan Paiho ranks worse than 60.5% on this metric.

Days Inventory is also known as Days Sales of Inventory (DSI). Taiwan Paiho's Average Total Inventories for the three months ended in Mar. 2026 was NT$4,769 Mil. Taiwan Paiho's Cost of Goods Sold for the three months ended in Mar. 2026 was NT$2,754 Mil. Hence, Taiwan Paiho's Days Inventory for the three months ended in Mar. 2026 was 157.99.

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

TPE:9938' s Days Inventory Range Over the Past 10 Years
Min: 159.35   Med: 188.82   Max: 214.35
Current: 159.35

During the past 13 years, Taiwan Paiho's highest Days Inventory was 214.35. The lowest was 159.35. And the median was 188.82.

TPE:9938's Days Inventory is ranked worse than
60.5% of 1005 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 132.65 vs TPE:9938: 159.35

Taiwan Paiho's Days Inventory increased from Mar. 2025 (156.25) to Mar. 2026 (157.99). It might indicate that Taiwan Paiho's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Taiwan Paiho's Inventory Turnover for the three months ended in Mar. 2026 was 0.58.

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. Taiwan Paiho's Inventory-to-Revenue for the three months ended in Mar. 2026 was 1.18.


Taiwan Paiho  (TPE:9938) 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.

Taiwan Paiho's Inventory Turnover for the three months ended in Mar. 2026 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.

Taiwan Paiho's Inventory to Revenue for the three months ended in Mar. 2026 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.


Taiwan Paiho Days Inventory Related Terms


Taiwan Paiho Days Inventory Historical Data

* Premium members only.

The historical data trend for Taiwan Paiho'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.

Taiwan Paiho Days Inventory Chart

Taiwan Paiho 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 179.46 189.98 214.35 170.95 164.06

Taiwan Paiho Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 156.25 169.13 145.74 161.78 157.99

Taiwan Paiho Days Inventory Competitor Comparison

For the Textile Manufacturing subindustry, Taiwan Paiho'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.


Taiwan Paiho Days Inventory vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Taiwan Paiho's Days Inventory distribution charts can be found below:

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


TPE:9938
79GF Score
Taiwan Paiho Ltd TPE:9938
Days Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taiwan Paiho Days Inventory Calculation

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

Taiwan Paiho'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
=( (4399.521 + 4779.82) / 2 ) / 10210.936*365
=4589.6705 / 10210.936*365
=164.06

Taiwan Paiho's Days Inventory for the quarter that ended in Mar. 2026 is calculated as:

Days Inventory (Q: Mar. 2026 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (4779.82 + 4757.52) / 2 ) / 2754.198*365 / 4
=4768.67 / 2754.198*365 / 4
=157.99

* 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 157.99 mean?
Taiwan Paiho (TPE:9938) has a Days Inventory of 157.99 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Taiwan Paiho and its competitors. This is 16% below median its historical median of 188.82. Over the past decade, Taiwan Paiho's Days Inventory has ranged from 159.35 to 214.35. According to the industry distribution chart, Taiwan Paiho ranks #608 out of 1005 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 60.5%.
Is Taiwan Paiho's Days Inventory too high?
Taiwan Paiho's current Days Inventory of 157.99 is 16% below median its 10-year median of 188.82. Over the past 10 years, this metric has ranged from a low of 159.35 to a high of 214.35. The Manufacturing - Apparel & Accessories industry median Days Inventory is 132.65. Taiwan Paiho's value of 157.99 is 19.1% above this industry median. Based on the distribution chart, Taiwan Paiho ranks #608 out of 1005 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Taiwan Paiho has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Taiwan Paiho's Days Inventory compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Taiwan Paiho ranks #608 out of 1005 companies for Days Inventory. This places Taiwan Paiho in the lower half of its industry. The industry median Days Inventory is 132.65. Taiwan Paiho's value of 157.99 is 19.1% above this benchmark. Historically, Taiwan Paiho's own Days Inventory has ranged from 159.35 to 214.35 over the past decade. While the company's 10-year median is 188.82 vs. the industry median of 132.65, Taiwan Paiho 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 Inventory for a Manufacturing - Apparel & Accessories company?
The median Days Inventory among Manufacturing - Apparel & Accessories companies is 132.65, based on 1,005 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. Taiwan Paiho's current Days Inventory of 157.99 is 19.1% 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 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 Taiwan Paiho and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Inventory is 132.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Paiho's current Days Inventory is 157.99, which is 16% below median its own 10-year median of 188.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Paiho stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Paiho (TPE:9938) is currently considered Possible Value Trap. The stock's GF Value™ is NT$68.18, compared to a current price of NT$41.20 — trading 39.6% below its estimated fair value. The current Days Inventory is 157.99, which is 16% below median its 10-year median of 188.82 and 19.1% above the Manufacturing - Apparel & Accessories industry median of 132.65. Taiwan Paiho's overall GF Score™ is 79/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Taiwan Paiho (TPE:9938), the current Days Inventory is 157.99 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 Taiwan Paiho (TPE:9938) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Paiho stock appears to be undervalued. The current stock price of NT$41.20 is trading 39.6% below its estimated GF Value™ of NT$68.18. GuruFocus considers Taiwan Paiho to be Possible Value Trap.

Key valuation signals for TPE:9938:

  • Days Inventory: 157.99 (16% below median its 10-year median of 188.82)
  • GF Value™: NT$68.18 vs. price of NT$41.20 (39.6% below fair value)
  • GF Score™: 79/100 with 7 warning signs
  • Industry Position: 19.1% above the Manufacturing - Apparel & Accessories median (#608 of 1005)

No single metric tells the full story. See the TPE:9938 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Paiho Business Description

Address No. 575, Hegang Road, Hemei Township, Changhua County, Changhua, TWN, 508004
Taiwan Paiho Ltd manufactures and sells touch fasteners, webbing, shoelaces, elastic, easy tape, and related superficial materials, as well as residential buildings constructed by entrusted construction contractors. The Group is also engaged in the construction business, including the sale of housing, shopping centers, and office buildings constructed by entrusted construction contractors. The Group operates through two reportable segments: Production, which generates maximum revenue, and Construction. Its business mainly operates in Taiwan, China, and Vietnam, with maximum revenue generated from Vietnam.
79GF Score

Get the complete analysis for TPE:9938

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

NT$41.20
Price
NT$68.18
GF Value