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TSG Development CoROCO:3521 -5.75%57 Days Payable is 0.12 as of Dec. 2025, which is 100% below its 10-year median of 29.73. GuruFocus rates ROCO:3521 with a GF Score™ of 57/100 and a GF Value™ of NT$10.03 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,716 Construction companies, TSG Development Co ranks worse than 99.48% on this metric.
The historical rank and industry rank for TSG Development Co's Days Payable or its related term are showing as below:
ROCO:3521'
s Days Payable Range Over the Past 10 Years
Min: 4.83 Med: 29.73 Max: 66.48
Current: 4.83
During the past 13 years, TSG Development Co's highest Days Payable was 66.48. The lowest was 4.83. And the median was 29.73.
ROCO:3521's Days Payable is ranked worse than 99.48% of 1716
companies
in the Construction industry
Industry Median: 76.5
vs ROCO:3521: 4.83
TSG Development Co's Days Payable
declined
from Dec. 2024 (36.23) to Dec. 2025 (0.12).
It may suggest that TSG Development Coaccelerated paying its suppliers.
TSG Development Co Days Payable Related Terms
TSG Development Co Days Payable Historical Data
* Premium members only.
The historical data trend for TSG 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.
ROCO:3521 vs PWR, FIX, EME: Days Payable Comparison
For the Engineering & Construction subindustry, TSG 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.
TSG Development Co Days Payable vs Construction Industry
For the Construction industry and Industrials sector, TSG Development Co's Days Payable distribution charts can be found below:
* The bar in red indicates where TSG Development 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.
TSG Development 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.
TSG Development Co (ROCO:3521) has a Days Payable of 0.12 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 TSG Development Co and its competitors. This is 100% below median its historical median of 29.73. Over the past decade, TSG Development Co's Days Payable has ranged from 4.83 to 66.48. According to the industry distribution chart, TSG Development Co ranks #1707 out of 1716 companies in the Construction industry, placing it in the top 99.5%.
Is TSG Development Co's Days Payable too high?
TSG Development Co's current Days Payable of 0.12 is 100% below median its 10-year median of 29.73. Over the past 10 years, this metric has ranged from a low of 4.83 to a high of 66.48. The Construction industry median Days Payable is 76.50. TSG Development Co's value of 0.12 is 99.8% below this industry median. Based on the distribution chart, TSG Development Co ranks #1707 out of 1716 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, TSG Development Co has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TSG Development Co's Days Payable compare to PWR and FIX?
According to the Construction industry distribution chart, TSG Development Co ranks #1707 out of 1716 companies for Days Payable. This places TSG Development Co in the lower half of its industry. The industry median Days Payable is 76.50. TSG Development Co's value of 0.12 is 99.8% below this benchmark. Historically, TSG Development Co's own Days Payable has ranged from 4.83 to 66.48 over the past decade. While the company's 10-year median is 29.73 vs. the industry median of 76.50, TSG Development 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 Construction company?
The median Days Payable among Construction companies is 76.50, based on 1,716 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. TSG Development Co's current Days Payable of 0.12 is 99.8% 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 TSG Development Co and its competitors. For the Construction industry, the median Days Payable is 76.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSG Development Co's current Days Payable is 0.12, which is 100% below median its own 10-year median of 29.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSG Development Co stock overvalued right now?
Based on GuruFocus' analysis, TSG Development Co (ROCO:3521) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$10.03, compared to a current price of NT$12.30 — trading 22.6% above its estimated fair value. The current Days Payable is 0.12, which is 100% below median its 10-year median of 29.73 and 99.8% below the Construction industry median of 76.50. TSG Development Co's overall GF Score™ is 57/100 with 2 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 TSG Development Co (ROCO:3521), the current Days Payable is 0.12 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 TSG Development Co (ROCO:3521) Overvalued in 2026?
Based on GuruFocus' analysis, TSG Development Co stock appears to be overvalued.
The current stock price of NT$12.30 is trading 22.6% above its estimated GF Value™ of NT$10.03.
GuruFocus considers TSG Development Co to be Modestly Overvalued.
Key valuation signals for ROCO:3521:
Days Payable: 0.12 (100% below median its 10-year median of 29.73)
GF Value™: NT$10.03 vs. price of NT$12.30 (22.6% above fair value)
Industry Position: 99.8% below the Construction median (#1707 of 1716)
No single metric tells the full story. See the ROCO:3521 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TSG Development Co Ltd Formerly Datavan International Corp is engaged in the research and development, design, manufacture and sale of endpoint sales system software and hardware, import and export of computer information equipment and its peripheral equipment parts and accessories, and development and sale of residential and buildings for lease, investment in construction of public works and real estate trading. It operates in two reportable operating segments: Technology Business Division; and Construction Business Division, which earns majority of the revenue from real estate construction and related sales management services and other businesses. Geographically, its operations are spread across Asia, Europe, Americas and Other with majority of the revenue generating from Asia.
57GF Score
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