Chia Yi Steel Co (ROCO:2067) Days Payable: 100.08 (As of Dec. 2025) — 110% Above Median


ROCO:2067 Chia Yi Steel Co Ltd ROCO:2067
36 GF Score
Price NT$6.60
GF Value NT$9.69
Valuation Possible Value Trap
! 7 Warning Signs
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What is Chia Yi Steel Co Days Payable?

Chia Yi Steel Co ROCO:2067 36 Days Payable is 100.08 as of Dec. 2025, which is 110% above its 10-year median of 47.62. GuruFocus rates ROCO:2067 with a GF Score™ of 36/100 and a GF Value™ of NT$9.69 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 2,986 Industrial Products companies, Chia Yi Steel Co ranks better than 59.24% on this metric.

Chia Yi Steel Co's average Accounts Payable for the three months ended in Dec. 2025 was NT$261 Mil. Chia Yi Steel Co's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$238 Mil. Hence, Chia Yi Steel Co's Days Payable for the three months ended in Dec. 2025 was 100.08.

The historical rank and industry rank for Chia Yi Steel Co's Days Payable or its related term are showing as below:

ROCO:2067' s Days Payable Range Over the Past 10 Years
Min: 22.32   Med: 47.62   Max: 96.63
Current: 96.63

During the past 13 years, Chia Yi Steel Co's highest Days Payable was 96.63. The lowest was 22.32. And the median was 47.62.

ROCO:2067's Days Payable is ranked better than
59.24% of 2986 companies
in the Industrial Products industry
Industry Median: 77.81 vs ROCO:2067: 96.63

Chia Yi Steel Co's Days Payable increased from Dec. 2024 (88.76) to Dec. 2025 (100.08). It may suggest that Chia Yi Steel Co delayed paying its suppliers.


Chia Yi Steel Co Days Payable Historical Data

* Premium members only.

The historical data trend for Chia Yi Steel Co'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.

Chia Yi Steel Co Days Payable Chart

Chia Yi Steel Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 53.88 61.49 68.64 78.67 93.90

Chia Yi Steel Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 88.76 103.47 91.96 94.59 100.08

ROCO:2067 vs CRS, ATI, MLI: Days Payable Comparison

For the Metal Fabrication subindustry, Chia Yi Steel 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.


Chia Yi Steel Co Days Payable vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chia Yi Steel Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Chia Yi Steel Co's Days Payable falls into.


ROCO:2067
36GF Score
Chia Yi Steel Co Ltd ROCO:2067
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Chia Yi Steel Co 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.

Chia Yi Steel Co's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (241.72 + 263.534) / 2 ) / 981.945*365
=252.627 / 981.945*365
=93.90

Chia Yi Steel Co's Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (259.288 + 263.534) / 2 ) / 238.354*365 / 4
=261.411 / 238.354*365 / 4
=100.08

* 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 100.08 mean?
Chia Yi Steel Co (ROCO:2067) has a Days Payable of 100.08 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 Chia Yi Steel Co and its competitors. This is 110% above median its historical median of 47.62. Over the past decade, Chia Yi Steel Co's Days Payable has ranged from 22.32 to 96.63. According to the industry distribution chart, Chia Yi Steel Co ranks #1217 out of 2986 companies in the Industrial Products industry, placing it in the top 40.8%.
Is Chia Yi Steel Co's Days Payable too high?
Chia Yi Steel Co's current Days Payable of 100.08 is 110% above median its 10-year median of 47.62. Over the past 10 years, this metric has ranged from a low of 22.32 to a high of 96.63. The Industrial Products industry median Days Payable is 77.81. Chia Yi Steel Co's value of 100.08 is 28.6% above this industry median. Based on the distribution chart, Chia Yi Steel Co ranks #1217 out of 2986 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Chia Yi Steel Co has a GF Score™ of 36/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Chia Yi Steel Co's Days Payable compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Chia Yi Steel Co ranks #1217 out of 2986 companies for Days Payable. This puts Chia Yi Steel Co in the upper half of its industry. The industry median Days Payable is 77.81. Chia Yi Steel Co's value of 100.08 is 28.6% above this benchmark. Historically, Chia Yi Steel Co's own Days Payable has ranged from 22.32 to 96.63 over the past decade. While the company's 10-year median is 47.62 vs. the industry median of 77.81, Chia Yi Steel Co 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 Payable for an Industrial Products company?
The median Days Payable among Industrial Products companies is 77.81, based on 2,986 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. Chia Yi Steel Co's current Days Payable of 100.08 is 28.6% 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 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 Chia Yi Steel Co and its competitors. For the Industrial Products industry, the median Days Payable is 77.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chia Yi Steel Co's current Days Payable is 100.08, which is 110% above median its own 10-year median of 47.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chia Yi Steel Co stock overvalued right now?
Based on GuruFocus' analysis, Chia Yi Steel Co (ROCO:2067) is currently considered Possible Value Trap. The stock's GF Value™ is NT$9.69, compared to a current price of NT$6.60 — trading 31.9% below its estimated fair value. The current Days Payable is 100.08, which is 110% above median its 10-year median of 47.62 and 28.6% above the Industrial Products industry median of 77.81. Chia Yi Steel Co's overall GF Score™ is 36/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Chia Yi Steel Co (ROCO:2067), the current Days Payable is 100.08 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 Chia Yi Steel Co (ROCO:2067) Overvalued in 2026?

Based on GuruFocus' analysis, Chia Yi Steel Co stock appears to be undervalued. The current stock price of NT$6.60 is trading 31.9% below its estimated GF Value™ of NT$9.69. GuruFocus considers Chia Yi Steel Co to be Possible Value Trap.

Key valuation signals for ROCO:2067:

  • Days Payable: 100.08 (110% above median its 10-year median of 47.62)
  • GF Value™: NT$9.69 vs. price of NT$6.60 (31.9% below fair value)
  • GF Score™: 36/100 with 7 warning signs
  • Industry Position: 28.6% above the Industrial Products median (#1217 of 2986)

No single metric tells the full story. See the ROCO:2067 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chia Yi Steel Co Business Description

Address No. 21, Chenggong 2nd Street, Beidou Village, Chiayi County, Minxiong, TWN, 62155
Chia Yi Steel Co Ltd is engaged in the casting; processing and trading of various cast irons. Its products include hydraulic parts, industrial parts, and car parts. The company covers mechanical parts, hydraulic valve bodies, compressors, transporters, construction machinery, agricultural machinery, ships, cranes, engines, transmissions, braking systems, spring brackets, and other parts. It also produces railway parts, Elevator pulleys, pumps, bolt mechanical parts, and product assembly operations. The company supplies its products to Asia; European and American countries.
36GF Score

Get the complete analysis for ROCO:2067

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

NT$6.60
Price
NT$9.69
GF Value