Materials Analysis Technology (ROCO:3587) Days Payable: 9.98 (As of Dec. 2025) — 51% Below 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:3587 Materials Analysis Technology Inc ROCO:3587
92 GF Score
Price NT$266.00
GF Value NT$275.96
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Materials Analysis Technology Days Payable?

Materials Analysis Technology ROCO:3587 -3.80% 92 Days Payable is 9.98 as of Dec. 2025, which is 51% below its 10-year median of 20.47. GuruFocus rates ROCO:3587 with a GF Score™ of 92/100 and a GF Value™ of NT$275.96 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,443 Hardware companies, Materials Analysis Technology ranks worse than 98.12% on this metric.

Materials Analysis Technology's average Accounts Payable for the three months ended in Dec. 2025 was NT$113 Mil. Materials Analysis Technology's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$1,030 Mil. Hence, Materials Analysis Technology's Days Payable for the three months ended in Dec. 2025 was 9.98.

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

ROCO:3587' s Days Payable Range Over the Past 10 Years
Min: 10.46   Med: 20.47   Max: 27.61
Current: 10.46

During the past 13 years, Materials Analysis Technology's highest Days Payable was 27.61. The lowest was 10.46. And the median was 20.47.

ROCO:3587's Days Payable is ranked worse than
98.12% of 2443 companies
in the Hardware industry
Industry Median: 69.94 vs ROCO:3587: 10.46

Materials Analysis Technology's Days Payable declined from Dec. 2024 (12.04) to Dec. 2025 (9.98). It may suggest that Materials Analysis Technology accelerated paying its suppliers.


Materials Analysis Technology Days Payable Historical Data

* Premium members only.

The historical data trend for Materials Analysis Technology'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.

Materials Analysis Technology Days Payable Chart

Materials Analysis Technology 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 20.20 26.15 26.55 18.60 13.54

Materials Analysis Technology 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 12.04 12.86 8.74 7.36 9.98

ROCO:3587 vs COHR, KEYS, GRMN: Days Payable Comparison

For the Scientific & Technical Instruments subindustry, Materials Analysis Technology'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.


Materials Analysis Technology Days Payable vs Hardware Industry

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

* The bar in red indicates where Materials Analysis Technology's Days Payable falls into.


ROCO:3587
92GF Score
Materials Analysis Technology Inc ROCO:3587
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Materials Analysis Technology 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.

Materials Analysis Technology'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
=( (152.222 + 141.834) / 2 ) / 3964.221*365
=147.028 / 3964.221*365
=13.54

Materials Analysis Technology'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
=( (83.499 + 141.834) / 2 ) / 1030.408*365 / 4
=112.6665 / 1030.408*365 / 4
=9.98

* 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 9.98 mean?
Materials Analysis Technology (ROCO:3587) has a Days Payable of 9.98 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 Materials Analysis Technology and its competitors. This is 51% below median its historical median of 20.47. Over the past decade, Materials Analysis Technology's Days Payable has ranged from 10.46 to 27.61. According to the industry distribution chart, Materials Analysis Technology ranks #2397 out of 2443 companies in the Hardware industry, placing it in the top 98.1%.
Is Materials Analysis Technology's Days Payable too high?
Materials Analysis Technology's current Days Payable of 9.98 is 51% below median its 10-year median of 20.47. Over the past 10 years, this metric has ranged from a low of 10.46 to a high of 27.61. The Hardware industry median Days Payable is 69.94. Materials Analysis Technology's value of 9.98 is 85.7% below this industry median. Based on the distribution chart, Materials Analysis Technology ranks #2397 out of 2443 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Materials Analysis Technology has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Materials Analysis Technology's Days Payable compare to COHR and KEYS?
According to the Hardware industry distribution chart, Materials Analysis Technology ranks #2397 out of 2443 companies for Days Payable. This places Materials Analysis Technology in the lower half of its industry. The industry median Days Payable is 69.94. Materials Analysis Technology's value of 9.98 is 85.7% below this benchmark. Historically, Materials Analysis Technology's own Days Payable has ranged from 10.46 to 27.61 over the past decade. While the company's 10-year median is 20.47 vs. the industry median of 69.94, Materials Analysis Technology 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 Hardware company?
The median Days Payable among Hardware companies is 69.94, 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. Materials Analysis Technology's current Days Payable of 9.98 is 85.7% 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 Materials Analysis Technology and its competitors. For the Hardware industry, the median Days Payable is 69.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Materials Analysis Technology's current Days Payable is 9.98, which is 51% below median its own 10-year median of 20.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Materials Analysis Technology stock overvalued right now?
Based on GuruFocus' analysis, Materials Analysis Technology (ROCO:3587) is currently considered Fairly Valued. The stock's GF Value™ is NT$275.96, compared to a current price of NT$266.00 — trading 3.6% below its estimated fair value. The current Days Payable is 9.98, which is 51% below median its 10-year median of 20.47 and 85.7% below the Hardware industry median of 69.94. Materials Analysis Technology's overall GF Score™ is 92/100 with 5 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 Materials Analysis Technology (ROCO:3587), the current Days Payable is 9.98 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 Materials Analysis Technology (ROCO:3587) Overvalued in 2026?

Based on GuruFocus' analysis, Materials Analysis Technology stock appears to be undervalued. The current stock price of NT$266.00 is trading 3.6% below its estimated GF Value™ of NT$275.96. GuruFocus considers Materials Analysis Technology to be Fairly Valued.

Key valuation signals for ROCO:3587:

  • Days Payable: 9.98 (51% below median its 10-year median of 20.47)
  • GF Value™: NT$275.96 vs. price of NT$266.00 (3.6% below fair value)
  • GF Score™: 92/100 with 5 warning signs
  • Industry Position: 85.7% below the Hardware median (#2397 of 2443)

No single metric tells the full story. See the ROCO:3587 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Materials Analysis Technology Business Description

Address 1st Floor. No.26-2, Taiyuan Street, Hsinchu County, Zhubei, TWN, 302
Materials Analysis Technology Inc engages in research and development (R&D) and intellectual property services required by the upstream, midstream, and downstream materials and components manufacturers of the high-tech industry in an integrated circuit, flat-screen display, optoelectronics, testing, and packaging, and nano components and materials industries.
92GF Score

Get the complete analysis for ROCO:3587

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

NT$266.00
Price
NT$275.96
GF Value