PapagoROCO:3632 51 Days Payable is 10.70 as of Dec. 2025, which is 38% below its 10-year median of 17.28. GuruFocus rates ROCO:3632 with a GF Score™ of 51/100 and a GF Value™ of NT$8.54 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,599 Software companies, Papago ranks worse than 85.3% on this metric.
Papago's average Accounts Payable for the
three
months ended in Dec. 2025 was NT$4.3 Mil. Papago's Cost of Goods Sold for the
three
months ended in Dec. 2025 was NT$36.7 Mil.
Hence, Papago's Days Payable for the
three
months ended in Dec. 2025 was 10.70.
The historical rank and industry rank for Papago's Days Payable or its related term are showing as below:
ROCO:3632'
s Days Payable Range Over the Past 10 Years
Min: 13.62 Med: 17.28 Max: 35.17
Current: 16.06
During the past 13 years, Papago's highest Days Payable was 35.17. The lowest was 13.62. And the median was 17.28.
ROCO:3632's Days Payable is ranked worse than 85.3% of 2599
companies
in the Software industry
Industry Median: 53.56
vs ROCO:3632: 16.06
Papago's Days Payable
declined
from Dec. 2024 (16.19) to Dec. 2025 (10.70).
It may suggest that Papagoaccelerated paying its suppliers.
Papago Days Payable Related Terms
Papago Days Payable Historical Data
* Premium members only.
The historical data trend for Papago'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:3632 vs UBER, SHOP, CRM: Days Payable Comparison
For the Software - Application subindustry, Papago'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.
Papago Days Payable vs Software Industry
For the Software industry and Technology sector, Papago's Days Payable distribution charts can be found below:
* The bar in red indicates where Papago'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.
Papago'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.
Papago (ROCO:3632) has a Days Payable of 10.70 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 Papago and its competitors. This is 38% below median its historical median of 17.28. Over the past decade, Papago's Days Payable has ranged from 13.62 to 35.17. According to the industry distribution chart, Papago ranks #2217 out of 2599 companies in the Software industry, placing it in the top 85.3%.
Is Papago's Days Payable too high?
Papago's current Days Payable of 10.70 is 38% below median its 10-year median of 17.28. Over the past 10 years, this metric has ranged from a low of 13.62 to a high of 35.17. The Software industry median Days Payable is 53.56. Papago's value of 10.70 is 80% below this industry median. Based on the distribution chart, Papago ranks #2217 out of 2599 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Papago has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Papago's Days Payable compare to UBER and SHOP?
According to the Software industry distribution chart, Papago ranks #2217 out of 2599 companies for Days Payable. This places Papago in the lower half of its industry. The industry median Days Payable is 53.56. Papago's value of 10.70 is 80% below this benchmark. Historically, Papago's own Days Payable has ranged from 13.62 to 35.17 over the past decade. While the company's 10-year median is 17.28 vs. the industry median of 53.56, Papago 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 Software company?
The median Days Payable among Software companies is 53.56, based on 2,599 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. Papago's current Days Payable of 10.70 is 80% 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 Papago and its competitors. For the Software industry, the median Days Payable is 53.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Papago's current Days Payable is 10.70, which is 38% below median its own 10-year median of 17.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Papago stock overvalued right now?
Based on GuruFocus' analysis, Papago (ROCO:3632) is currently considered Fairly Valued. The stock's GF Value™ is NT$8.54, compared to a current price of NT$8.59 — trading 0.6% above its estimated fair value. The current Days Payable is 10.70, which is 38% below median its 10-year median of 17.28 and 80% below the Software industry median of 53.56. Papago's overall GF Score™ is 51/100 with 4 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 Papago (ROCO:3632), the current Days Payable is 10.70 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 Papago (ROCO:3632) Overvalued in 2026?
Based on GuruFocus' analysis, Papago stock appears to be overvalued.
The current stock price of NT$8.59 is trading 0.6% above its estimated GF Value™ of NT$8.54.
GuruFocus considers Papago to be Fairly Valued.
Key valuation signals for ROCO:3632:
Days Payable: 10.70 (38% below median its 10-year median of 17.28)
GF Value™: NT$8.54 vs. price of NT$8.59 (0.6% above fair value)
Industry Position: 80% below the Software median (#2217 of 2599)
No single metric tells the full story. See the ROCO:3632 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Papago Inc develops e-map navigation software for mobile phone manufacturers in the Asia Pacific region. It offers software for PND (Portable Navigator), OBU (On-Board-Unit), and Smartphones. The organization also provides maintenance and related software services for the electronic map software for navigation systems.
51GF Score
Get the complete analysis for ROCO:3632
Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ROCO:3632 has been successfully added to your 
