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* 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.
ROCO:2035 vs NUE, STLD, RS: Days Payable Comparison
For the Steel subindustry, Tang Eng Iron Works Co'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.
Tang Eng Iron Works Co Days Payable vs Steel Industry
For the Steel industry and Basic Materials sector, Tang Eng Iron Works Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Tang Eng Iron Works Co'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.
Tang Eng Iron Works Co'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.
Tang Eng Iron Works Co (ROCO:2035) has a Days Payable of 15.91 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Tang Eng Iron Works Co and its competitors. This is 81% above median its historical median of 8.77. Over the past decade, Tang Eng Iron Works Co's Days Payable has ranged from 3.04 to 20.93. According to the industry distribution chart, Tang Eng Iron Works Co ranks #548 out of 598 companies in the Steel industry, placing it in the top 91.6%.
Is Tang Eng Iron Works Co's Days Payable too high?
Tang Eng Iron Works Co's current Days Payable of 15.91 is 81% above median its 10-year median of 8.77. Over the past 10 years, this metric has ranged from a low of 3.04 to a high of 20.93. The Steel industry median Days Payable is 41.37. Tang Eng Iron Works Co's value of 15.91 is 61.5% below this industry median. Based on the distribution chart, Tang Eng Iron Works Co ranks #548 out of 598 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Tang Eng Iron Works Co has a GF Score™ of 44/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tang Eng Iron Works Co's Days Payable compare to NUE and STLD?
According to the Steel industry distribution chart, Tang Eng Iron Works Co ranks #548 out of 598 companies for Days Payable. This places Tang Eng Iron Works Co in the lower half of its industry. The industry median Days Payable is 41.37. Tang Eng Iron Works Co's value of 15.91 is 61.5% below this benchmark. Historically, Tang Eng Iron Works Co's own Days Payable has ranged from 3.04 to 20.93 over the past decade. While the company's 10-year median is 8.77 vs. the industry median of 41.37, Tang Eng Iron Works Co 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 Steel company?
The median Days Payable among Steel companies is 41.37, based on 598 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. Tang Eng Iron Works Co's current Days Payable of 15.91 is 61.5% 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 Tang Eng Iron Works Co and its competitors. For the Steel industry, the median Days Payable is 41.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tang Eng Iron Works Co's current Days Payable is 15.91, which is 81% above median its own 10-year median of 8.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tang Eng Iron Works Co stock overvalued right now?
Based on GuruFocus' analysis, Tang Eng Iron Works Co (ROCO:2035) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$23.81, compared to a current price of NT$27.15 — trading 14% above its estimated fair value. The current Days Payable is 15.91, which is 81% above median its 10-year median of 8.77 and 61.5% below the Steel industry median of 41.37. Tang Eng Iron Works Co's overall GF Score™ is 44/100 with 9 warning signs 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 Tang Eng Iron Works Co (ROCO:2035), the current Days Payable is 15.91 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 Tang Eng Iron Works Co (ROCO:2035) Overvalued in 2026?
Based on GuruFocus' analysis, Tang Eng Iron Works Co stock appears to be overvalued.
The current stock price of NT$27.15 is trading 14% above its estimated GF Value™ of NT$23.81.
GuruFocus considers Tang Eng Iron Works Co to be Modestly Overvalued.
Key valuation signals for ROCO:2035:
Days Payable: 15.91 (81% above median its 10-year median of 8.77)
GF Value™: NT$23.81 vs. price of NT$27.15 (14% above fair value)
Industry Position: 61.5% below the Steel median (#548 of 598)
No single metric tells the full story. See the ROCO:2035 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tang Eng Iron Works Co Ltd is engaged in the manufacture and trading of stainless steel products. Its products include Anti-bacterial Stainless-Steel Coils and Products; Crimped Steel Board; Anti-bacterial Stainless-Steel Products; Duplex Stainless Steel; and Precipitation Hardening Stainless Steel. The company has only one reportable segment: the stainless steel segment that mainly manufactures and trades stainless steel products.
44GF Score
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