ADO Optronic (ROCO:3516) Days Payable: 45.01 (As of Dec. 2025) — 34% Below Median

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ROCO:3516 ADO Optronic Corp ROCO:3516
62 GF Score
Price NT$25.95
GF Value NT$18.29
Valuation Significantly Overvalued
! 10 Warning Signs
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What is ADO Optronic Days Payable?

ADO Optronic ROCO:3516 +4.85% 62 Days Payable is 45.01 as of Dec. 2025, which is 34% below its 10-year median of 67.74. GuruFocus rates ROCO:3516 with a GF Score™ of 62/100 and a GF Value™ of NT$18.29 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 416 Furnishings, Fixtures & Appliances companies, ADO Optronic ranks worse than 58.65% on this metric.

ADO Optronic's average Accounts Payable for the three months ended in Dec. 2025 was NT$151 Mil. ADO Optronic's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$306 Mil. Hence, ADO Optronic's Days Payable for the three months ended in Dec. 2025 was 45.01.

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

ROCO:3516' s Days Payable Range Over the Past 10 Years
Min: 51.53   Med: 67.74   Max: 76.85
Current: 55.69

During the past 13 years, ADO Optronic's highest Days Payable was 76.85. The lowest was 51.53. And the median was 67.74.

ROCO:3516's Days Payable is ranked worse than
58.65% of 416 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 63.745 vs ROCO:3516: 55.69

ADO Optronic's Days Payable declined from Dec. 2024 (45.89) to Dec. 2025 (45.01). It may suggest that ADO Optronic accelerated paying its suppliers.


ADO Optronic Days Payable Historical Data

* Premium members only.

The historical data trend for ADO Optronic'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.

ADO Optronic Days Payable Chart

ADO Optronic 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 62.36 70.42 58.26 51.53 56.60

ADO Optronic 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 45.89 63.57 56.63 62.14 45.01

ROCO:3516 vs SN, SGI, MHK: Days Payable Comparison

For the Furnishings, Fixtures & Appliances subindustry, ADO Optronic'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.


ADO Optronic Days Payable vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, ADO Optronic's Days Payable distribution charts can be found below:

* The bar in red indicates where ADO Optronic's Days Payable falls into.


ROCO:3516
62GF Score
ADO Optronic Corp ROCO:3516
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ADO Optronic 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.

ADO Optronic'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
=( (149.19 + 131.062) / 2 ) / 903.625*365
=140.126 / 903.625*365
=56.60

ADO Optronic'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
=( (170.576 + 131.062) / 2 ) / 305.747*365 / 4
=150.819 / 305.747*365 / 4
=45.01

* 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 45.01 mean?
ADO Optronic (ROCO:3516) has a Days Payable of 45.01 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 ADO Optronic and its competitors. This is 34% below median its historical median of 67.74. Over the past decade, ADO Optronic's Days Payable has ranged from 51.53 to 76.85. According to the industry distribution chart, ADO Optronic ranks #244 out of 416 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 58.7%.
Is ADO Optronic's Days Payable too high?
ADO Optronic's current Days Payable of 45.01 is 34% below median its 10-year median of 67.74. Over the past 10 years, this metric has ranged from a low of 51.53 to a high of 76.85. The Furnishings, Fixtures & Appliances industry median Days Payable is 63.75. ADO Optronic's value of 45.01 is 29.4% below this industry median. Based on the distribution chart, ADO Optronic ranks #244 out of 416 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, ADO Optronic has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ADO Optronic's Days Payable compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, ADO Optronic ranks #244 out of 416 companies for Days Payable. This places ADO Optronic in the lower half of its industry. The industry median Days Payable is 63.75. ADO Optronic's value of 45.01 is 29.4% below this benchmark. Historically, ADO Optronic's own Days Payable has ranged from 51.53 to 76.85 over the past decade. While the company's 10-year median is 67.74 vs. the industry median of 63.75, ADO Optronic 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 Furnishings, Fixtures & Appliances company?
The median Days Payable among Furnishings, Fixtures & Appliances companies is 63.75, based on 416 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. ADO Optronic's current Days Payable of 45.01 is 29.4% 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 ADO Optronic and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Days Payable is 63.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ADO Optronic's current Days Payable is 45.01, which is 34% below median its own 10-year median of 67.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ADO Optronic stock overvalued right now?
Based on GuruFocus' analysis, ADO Optronic (ROCO:3516) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$18.29, compared to a current price of NT$25.95 — trading 41.9% above its estimated fair value. The current Days Payable is 45.01, which is 34% below median its 10-year median of 67.74 and 29.4% below the Furnishings, Fixtures & Appliances industry median of 63.75. ADO Optronic's overall GF Score™ is 62/100 with 10 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 ADO Optronic (ROCO:3516), the current Days Payable is 45.01 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 ADO Optronic (ROCO:3516) Overvalued in 2026?

Based on GuruFocus' analysis, ADO Optronic stock appears to be overvalued. The current stock price of NT$25.95 is trading 41.9% above its estimated GF Value™ of NT$18.29. GuruFocus considers ADO Optronic to be Significantly Overvalued.

Key valuation signals for ROCO:3516:

  • Days Payable: 45.01 (34% below median its 10-year median of 67.74)
  • GF Value™: NT$18.29 vs. price of NT$25.95 (41.9% above fair value)
  • GF Score™: 62/100 with 10 warning signs
  • Industry Position: 29.4% below the Furnishings, Fixtures & Appliances median (#244 of 416)

No single metric tells the full story. See the ROCO:3516 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ADO Optronic Business Description

Address No.858, Guangfu Road, Taoyuan, Bade, TWN
ADO Optronic Corp is a Taiwan based company engages in the processing, assembly, and distribution of commercial lighting, indoor and outdoor LED lighting, and plastic injection products.
62GF Score

Get the complete analysis for ROCO:3516

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

NT$25.95
Price
NT$18.29
GF Value