Thermaltake Technology Co (ROCO:3540) Days Payable: 94.49 (As of Dec. 2025) — 18% Below Median


ROCO:3540 Thermaltake Technology Co Ltd ROCO:3540
58 GF Score
Price NT$23.95
GF Value NT$50.74
Valuation Possible Value Trap
! 7 Warning Signs
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What is Thermaltake Technology Co Days Payable?

Thermaltake Technology Co ROCO:3540 58 Days Payable is 94.49 as of Dec. 2025, which is 18% below its 10-year median of 115.05. GuruFocus rates ROCO:3540 with a GF Score™ of 58/100 and a GF Value™ of NT$50.74 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 2,445 Hardware companies, Thermaltake Technology Co ranks better than 65.07% on this metric.

Thermaltake Technology Co's average Accounts Payable for the three months ended in Dec. 2025 was NT$1,002 Mil. Thermaltake Technology Co's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$967 Mil. Hence, Thermaltake Technology Co's Days Payable for the three months ended in Dec. 2025 was 94.49.

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

ROCO:3540' s Days Payable Range Over the Past 10 Years
Min: 68.35   Med: 115.05   Max: 132.66
Current: 92.89

During the past 13 years, Thermaltake Technology Co's highest Days Payable was 132.66. The lowest was 68.35. And the median was 115.05.

ROCO:3540's Days Payable is ranked better than
65.07% of 2445 companies
in the Hardware industry
Industry Median: 70.06 vs ROCO:3540: 92.89

Thermaltake Technology Co's Days Payable increased from Dec. 2024 (74.89) to Dec. 2025 (94.49). It may suggest that Thermaltake Technology Co delayed paying its suppliers.


Thermaltake Technology Co Days Payable Historical Data

* Premium members only.

The historical data trend for Thermaltake Technology 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.

Thermaltake Technology Co Days Payable Chart

Thermaltake Technology 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 117.94 89.71 68.35 86.63 82.42

Thermaltake Technology 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 74.89 74.52 100.19 114.95 94.49

ROCO:3540 vs SNX, ARW, AVT: Days Payable Comparison

For the Electronics & Computer Distribution subindustry, Thermaltake Technology 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.


Thermaltake Technology Co Days Payable vs Hardware Industry

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

* The bar in red indicates where Thermaltake Technology Co's Days Payable falls into.


ROCO:3540
58GF Score
Thermaltake Technology Co Ltd ROCO:3540
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Thermaltake Technology 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.

Thermaltake Technology 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
=( (673.294 + 917.337) / 2 ) / 3522.269*365
=795.3155 / 3522.269*365
=82.42

Thermaltake Technology 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
=( (1085.773 + 917.337) / 2 ) / 967.195*365 / 4
=1001.555 / 967.195*365 / 4
=94.49

* 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 94.49 mean?
Thermaltake Technology Co (ROCO:3540) has a Days Payable of 94.49 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 Thermaltake Technology Co and its competitors. This is 18% below median its historical median of 115.05. Over the past decade, Thermaltake Technology Co's Days Payable has ranged from 68.35 to 132.66. According to the industry distribution chart, Thermaltake Technology Co ranks #854 out of 2445 companies in the Hardware industry, placing it in the top 34.9%.
Is Thermaltake Technology Co's Days Payable too high?
Thermaltake Technology Co's current Days Payable of 94.49 is 18% below median its 10-year median of 115.05. Over the past 10 years, this metric has ranged from a low of 68.35 to a high of 132.66. The Hardware industry median Days Payable is 70.06. Thermaltake Technology Co's value of 94.49 is 34.9% above this industry median. Based on the distribution chart, Thermaltake Technology Co ranks #854 out of 2445 companies in the Hardware industry, which is above the industry midpoint. Overall, Thermaltake Technology Co has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Thermaltake Technology Co's Days Payable compare to SNX and ARW?
According to the Hardware industry distribution chart, Thermaltake Technology Co ranks #854 out of 2445 companies for Days Payable. This puts Thermaltake Technology Co in the upper half of its industry. The industry median Days Payable is 70.06. Thermaltake Technology Co's value of 94.49 is 34.9% above this benchmark. Historically, Thermaltake Technology Co's own Days Payable has ranged from 68.35 to 132.66 over the past decade. While the company's 10-year median is 115.05 vs. the industry median of 70.06, Thermaltake Technology 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 Hardware company?
The median Days Payable among Hardware companies is 70.06, based on 2,445 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. Thermaltake Technology Co's current Days Payable of 94.49 is 34.9% 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 Thermaltake Technology Co and its competitors. For the Hardware industry, the median Days Payable is 70.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thermaltake Technology Co's current Days Payable is 94.49, which is 18% below median its own 10-year median of 115.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thermaltake Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Thermaltake Technology Co (ROCO:3540) is currently considered Possible Value Trap. The stock's GF Value™ is NT$50.74, compared to a current price of NT$23.95 — trading 52.8% below its estimated fair value. The current Days Payable is 94.49, which is 18% below median its 10-year median of 115.05 and 34.9% above the Hardware industry median of 70.06. Thermaltake Technology Co's overall GF Score™ is 58/100 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 Thermaltake Technology Co (ROCO:3540), the current Days Payable is 94.49 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 Thermaltake Technology Co (ROCO:3540) Overvalued in 2026?

Based on GuruFocus' analysis, Thermaltake Technology Co stock appears to be undervalued. The current stock price of NT$23.95 is trading 52.8% below its estimated GF Value™ of NT$50.74. GuruFocus considers Thermaltake Technology Co to be Possible Value Trap.

Key valuation signals for ROCO:3540:

  • Days Payable: 94.49 (18% below median its 10-year median of 115.05)
  • GF Value™: NT$50.74 vs. price of NT$23.95 (52.8% below fair value)
  • GF Score™: 58/100 with 7 warning signs
  • Industry Position: 34.9% above the Hardware median (#854 of 2445)

No single metric tells the full story. See the ROCO:3540 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thermaltake Technology Co Business Description

Address Tiding boulevard, 5th Floor, No. 185, Section 2, Neihu District, New Taipei City, TWN, 114
Thermaltake Technology Co Ltd currently engages in the wholesale of electronic materials, office machinery, and equipment, the design and trading of computers, and peripheral equipment. Geographically, the company has a presence in America, Asia, Europe, and other regions.
58GF Score

Get the complete analysis for ROCO:3540

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

NT$23.95
Price
NT$50.74
GF Value