Skardin Industrial (ROCO:3466) Days Payable: 135.05 (As of Dec. 2025) — 45% Above Median

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ROCO:3466 Skardin Industrial Corp ROCO:3466
45 GF Score
Price NT$29.60
GF Value NT$8.52
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Skardin Industrial Days Payable?

Skardin Industrial ROCO:3466 -4.52% 45 Days Payable is 135.05 as of Dec. 2025, which is 45% above its 10-year median of 93.08. GuruFocus rates ROCO:3466 with a GF Score™ of 45/100 and a GF Value™ of NT$8.52 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,443 Hardware companies, Skardin Industrial ranks worse than 50.59% on this metric.

Skardin Industrial's average Accounts Payable for the three months ended in Dec. 2025 was NT$14.45 Mil. Skardin Industrial's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$9.76 Mil. Hence, Skardin Industrial's Days Payable for the three months ended in Dec. 2025 was 135.05.

The historical rank and industry rank for Skardin Industrial's Days Payable or its related term are showing as below:

ROCO:3466' s Days Payable Range Over the Past 10 Years
Min: 69.39   Med: 93.08   Max: 162.3
Current: 69.39

During the past 13 years, Skardin Industrial's highest Days Payable was 162.30. The lowest was 69.39. And the median was 93.08.

ROCO:3466's Days Payable is ranked worse than
50.59% of 2443 companies
in the Hardware industry
Industry Median: 69.89 vs ROCO:3466: 69.39

Skardin Industrial's Days Payable increased from Dec. 2024 (58.97) to Dec. 2025 (135.05). It may suggest that Skardin Industrial delayed paying its suppliers.


Skardin Industrial Days Payable Historical Data

* Premium members only.

The historical data trend for Skardin Industrial'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.

Skardin Industrial Days Payable Chart

Skardin Industrial 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 98.79 118.50 162.30 127.27 84.71

Skardin Industrial 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 58.97 56.13 72.00 50.90 135.05

ROCO:3466 vs CSCO, CIEN, MSI: Days Payable Comparison

For the Communication Equipment subindustry, Skardin Industrial'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.


Skardin Industrial Days Payable vs Hardware Industry

For the Hardware industry and Technology sector, Skardin Industrial's Days Payable distribution charts can be found below:

* The bar in red indicates where Skardin Industrial's Days Payable falls into.


ROCO:3466
45GF Score
Skardin Industrial Corp ROCO:3466
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Skardin Industrial 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.

Skardin Industrial'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
=( (34.789 + 14.324) / 2 ) / 105.815*365
=24.5565 / 105.815*365
=84.71

Skardin Industrial'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
=( (14.568 + 14.324) / 2 ) / 9.761*365 / 4
=14.446 / 9.761*365 / 4
=135.05

* 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 135.05 mean?
Skardin Industrial (ROCO:3466) has a Days Payable of 135.05 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 Skardin Industrial and its competitors. This is 45% above median its historical median of 93.08. Over the past decade, Skardin Industrial's Days Payable has ranged from 69.39 to 162.30. According to the industry distribution chart, Skardin Industrial ranks #1236 out of 2443 companies in the Hardware industry, placing it in the top 50.6%.
Is Skardin Industrial's Days Payable too high?
Skardin Industrial's current Days Payable of 135.05 is 45% above median its 10-year median of 93.08. Over the past 10 years, this metric has ranged from a low of 69.39 to a high of 162.30. The Hardware industry median Days Payable is 69.89. Skardin Industrial's value of 135.05 is 93.2% above this industry median. Based on the distribution chart, Skardin Industrial ranks #1236 out of 2443 companies in the Hardware industry, which is below the industry midpoint. Overall, Skardin Industrial has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Skardin Industrial's Days Payable compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Skardin Industrial ranks #1236 out of 2443 companies for Days Payable. This places Skardin Industrial in the lower half of its industry. The industry median Days Payable is 69.89. Skardin Industrial's value of 135.05 is 93.2% above this benchmark. Historically, Skardin Industrial's own Days Payable has ranged from 69.39 to 162.30 over the past decade. While the company's 10-year median is 93.08 vs. the industry median of 69.89, Skardin Industrial 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 a Hardware company?
The median Days Payable among Hardware companies is 69.89, based on 2,443 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. Skardin Industrial's current Days Payable of 135.05 is 93.2% 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 Skardin Industrial and its competitors. For the Hardware industry, the median Days Payable is 69.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Skardin Industrial's current Days Payable is 135.05, which is 45% above median its own 10-year median of 93.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Skardin Industrial stock overvalued right now?
Based on GuruFocus' analysis, Skardin Industrial (ROCO:3466) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$8.52, compared to a current price of NT$29.60 — trading 247.4% above its estimated fair value. The current Days Payable is 135.05, which is 45% above median its 10-year median of 93.08 and 93.2% above the Hardware industry median of 69.89. Skardin Industrial's overall GF Score™ is 45/100 with 3 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 Skardin Industrial (ROCO:3466), the current Days Payable is 135.05 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 Skardin Industrial (ROCO:3466) Overvalued in 2026?

Based on GuruFocus' analysis, Skardin Industrial stock appears to be overvalued. The current stock price of NT$29.60 is trading 247.4% above its estimated GF Value™ of NT$8.52. GuruFocus considers Skardin Industrial to be Significantly Overvalued.

Key valuation signals for ROCO:3466:

  • Days Payable: 135.05 (45% above median its 10-year median of 93.08)
  • GF Value™: NT$8.52 vs. price of NT$29.60 (247.4% above fair value)
  • GF Score™: 45/100 with 3 warning signs
  • Industry Position: 93.2% above the Hardware median (#1236 of 2443)

No single metric tells the full story. See the ROCO:3466 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Skardin Industrial Business Description

Address No. 123-1, Hsing De Road, 8th Floor, Sanchung District, New Taipei City, TWN
Skardin Industrial Corp manufactures and distributes set-top boxes. Its products include analog satellite receivers, digital satellite receivers, digital terrestrial receivers, and digital cable receivers, among others. The company comprises two business activities: the Satellite TV Department and the Renewable Energy Department. The majority of its revenue is derived from the Satellite TV Department, which is engaged in research, development, manufacturing, processing, and sales of satellite TV reception systems.
45GF Score

Get the complete analysis for ROCO:3466

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

NT$29.60
Price
NT$8.52
GF Value