Sun Brothers Development Co (ROCO:3489) Days Payable: 117.86 (As of Dec. 2025) — 66% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

ROCO:3489 Sun Brothers Development Co Ltd ROCO:3489
52 GF Score
Price NT$19.85
GF Value NT$9.16
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Sun Brothers Development Co Days Payable?

Sun Brothers Development Co ROCO:3489 -2.93% 52 Days Payable is 117.86 as of Dec. 2025, which is 66% above its 10-year median of 71.07. GuruFocus rates ROCO:3489 with a GF Score™ of 52/100 and a GF Value™ of NT$9.16 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,572 Real Estate companies, Sun Brothers Development Co ranks better than 63.36% on this metric.

Sun Brothers Development Co's average Accounts Payable for the three months ended in Dec. 2025 was NT$286.9 Mil. Sun Brothers Development Co's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$222.2 Mil. Hence, Sun Brothers Development Co's Days Payable for the three months ended in Dec. 2025 was 117.86.

The historical rank and industry rank for Sun Brothers Development Co's Days Payable or its related term are showing as below:

ROCO:3489' s Days Payable Range Over the Past 10 Years
Min: 32.4   Med: 71.07   Max: 159.56
Current: 151.14

During the past 13 years, Sun Brothers Development Co's highest Days Payable was 159.56. The lowest was 32.40. And the median was 71.07.

ROCO:3489's Days Payable is ranked better than
63.36% of 1572 companies
in the Real Estate industry
Industry Median: 93.66 vs ROCO:3489: 151.14

Sun Brothers Development Co's Days Payable increased from Dec. 2024 (18.67) to Dec. 2025 (117.86). It may suggest that Sun Brothers Development Co delayed paying its suppliers.


Sun Brothers Development Co Days Payable Historical Data

* Premium members only.

The historical data trend for Sun Brothers Development 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.

Sun Brothers Development Co Days Payable Chart

Sun Brothers Development 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 39.31 78.26 98.56 39.40 159.56

Sun Brothers Development 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 18.67 199.35 170.59 138.12 117.86

Sun Brothers Development Co Days Payable Competitor Comparison

For the Real Estate - Development subindustry, Sun Brothers Development 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.


Sun Brothers Development Co Days Payable vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Sun Brothers Development Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Sun Brothers Development Co's Days Payable falls into.


ROCO:3489
52GF Score
Sun Brothers Development Co Ltd ROCO:3489
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sun Brothers Development 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.

Sun Brothers Development 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
=( (297.494 + 290.033) / 2 ) / 672.014*365
=293.7635 / 672.014*365
=159.56

Sun Brothers Development 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
=( (283.842 + 290.033) / 2 ) / 222.15*365 / 4
=286.9375 / 222.15*365 / 4
=117.86

* 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 117.86 mean?
Sun Brothers Development Co (ROCO:3489) has a Days Payable of 117.86 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 Sun Brothers Development Co and its competitors. This is 66% above median its historical median of 71.07. Over the past decade, Sun Brothers Development Co's Days Payable has ranged from 32.40 to 159.56. According to the industry distribution chart, Sun Brothers Development Co ranks #576 out of 1572 companies in the Real Estate industry, placing it in the top 36.6%.
Is Sun Brothers Development Co's Days Payable too high?
Sun Brothers Development Co's current Days Payable of 117.86 is 66% above median its 10-year median of 71.07. Over the past 10 years, this metric has ranged from a low of 32.40 to a high of 159.56. The Real Estate industry median Days Payable is 93.66. Sun Brothers Development Co's value of 117.86 is 25.8% above this industry median. Based on the distribution chart, Sun Brothers Development Co ranks #576 out of 1572 companies in the Real Estate industry, which is above the industry midpoint. Overall, Sun Brothers Development Co has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sun Brothers Development Co's Days Payable compare to competitors?
According to the Real Estate industry distribution chart, Sun Brothers Development Co ranks #576 out of 1572 companies for Days Payable. This puts Sun Brothers Development Co in the upper half of its industry. The industry median Days Payable is 93.66. Sun Brothers Development Co's value of 117.86 is 25.8% above this benchmark. Historically, Sun Brothers Development Co's own Days Payable has ranged from 32.40 to 159.56 over the past decade. While the company's 10-year median is 71.07 vs. the industry median of 93.66, Sun Brothers Development 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 a Real Estate company?
The median Days Payable among Real Estate companies is 93.66, based on 1,572 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. Sun Brothers Development Co's current Days Payable of 117.86 is 25.8% 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 Sun Brothers Development Co and its competitors. For the Real Estate industry, the median Days Payable is 93.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sun Brothers Development Co's current Days Payable is 117.86, which is 66% above median its own 10-year median of 71.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sun Brothers Development Co stock overvalued right now?
Based on GuruFocus' analysis, Sun Brothers Development Co (ROCO:3489) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$9.16, compared to a current price of NT$19.85 — trading 116.7% above its estimated fair value. The current Days Payable is 117.86, which is 66% above median its 10-year median of 71.07 and 25.8% above the Real Estate industry median of 93.66. Sun Brothers Development Co's overall GF Score™ is 52/100 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 Sun Brothers Development Co (ROCO:3489), the current Days Payable is 117.86 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 Sun Brothers Development Co (ROCO:3489) Overvalued in 2026?

Based on GuruFocus' analysis, Sun Brothers Development Co stock appears to be overvalued. The current stock price of NT$19.85 is trading 116.7% above its estimated GF Value™ of NT$9.16. GuruFocus considers Sun Brothers Development Co to be Significantly Overvalued.

Key valuation signals for ROCO:3489:

  • Days Payable: 117.86 (66% above median its 10-year median of 71.07)
  • GF Value™: NT$9.16 vs. price of NT$19.85 (116.7% above fair value)
  • GF Score™: 52/100 with 9 warning signs
  • Industry Position: 25.8% above the Real Estate median (#576 of 1572)

No single metric tells the full story. See the ROCO:3489 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sun Brothers Development Co Business Description

Address No. 50, Minquan Road, Luzhu District, Taoyuan, TWN, 338018
Sun Brothers Development Co Ltd is engaged in wholesale of building materials, developing, constructing, leasing and selling for residential, commercial or industrial buildings and others. It is also involved in the development and construction of collective housing and public works contract construction. The company's segments are: Real property section, and Construction section. It derives revenue from Construction segment.
52GF Score

Get the complete analysis for ROCO:3489

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

NT$19.85
Price
NT$9.16
GF Value