BISON Electronics (ROCO:3659) Days Payable: 71.08 (As of Dec. 2025) — 25% 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:3659 BISON Electronics Inc ROCO:3659
75 GF Score
Price NT$20.70
GF Value NT$30.17
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is BISON Electronics Days Payable?

BISON Electronics ROCO:3659 -5.91% 75 Days Payable is 71.08 as of Dec. 2025, which is 25% below its 10-year median of 94.73. GuruFocus rates ROCO:3659 with a GF Score™ of 75/100 and a GF Value™ of NT$30.17 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 2,443 Hardware companies, BISON Electronics ranks better than 59.8% on this metric.

BISON Electronics's average Accounts Payable for the six months ended in Dec. 2025 was NT$468 Mil. BISON Electronics's Cost of Goods Sold for the six months ended in Dec. 2025 was NT$1,201 Mil. Hence, BISON Electronics's Days Payable for the six months ended in Dec. 2025 was 71.08.

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

ROCO:3659' s Days Payable Range Over the Past 10 Years
Min: 83.19   Med: 94.73   Max: 120.07
Current: 83.96

During the past 13 years, BISON Electronics's highest Days Payable was 120.07. The lowest was 83.19. And the median was 94.73.

ROCO:3659's Days Payable is ranked better than
59.8% of 2443 companies
in the Hardware industry
Industry Median: 69.89 vs ROCO:3659: 83.96

BISON Electronics's Days Payable declined from Dec. 2024 (84.22) to Dec. 2025 (71.08). It may suggest that BISON Electronics accelerated paying its suppliers.


BISON Electronics Days Payable Historical Data

* Premium members only.

The historical data trend for BISON Electronics'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.

BISON Electronics Days Payable Chart

BISON Electronics 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 98.79 84.55 88.98 104.52 89.09

BISON Electronics Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 96.28 94.47 84.22 93.01 71.08

ROCO:3659 vs SNDK, DELL, STX: Days Payable Comparison

For the Computer Hardware subindustry, BISON Electronics'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.


BISON Electronics Days Payable vs Hardware Industry

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

* The bar in red indicates where BISON Electronics's Days Payable falls into.


ROCO:3659
75GF Score
BISON Electronics Inc ROCO:3659
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BISON Electronics 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.

BISON Electronics'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
=( (629.818 + 477.325) / 2 ) / 2268.094*365
=553.5715 / 2268.094*365
=89.09

BISON Electronics'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: Jun. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (458.085 + 477.325) / 2 ) / 1200.813*365 / 2
=467.705 / 1200.813*365 / 2
=71.08

* 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 71.08 mean?
BISON Electronics (ROCO:3659) has a Days Payable of 71.08 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 BISON Electronics and its competitors. This is 25% below median its historical median of 94.73. Over the past decade, BISON Electronics' Days Payable has ranged from 83.19 to 120.07. According to the industry distribution chart, BISON Electronics ranks #982 out of 2443 companies in the Hardware industry, placing it in the top 40.2%.
Is BISON Electronics' Days Payable too high?
BISON Electronics' current Days Payable of 71.08 is 25% below median its 10-year median of 94.73. Over the past 10 years, this metric has ranged from a low of 83.19 to a high of 120.07. The Hardware industry median Days Payable is 69.89. BISON Electronics' value of 71.08 is 1.7% above this industry median. Based on the distribution chart, BISON Electronics ranks #982 out of 2443 companies in the Hardware industry, which is above the industry midpoint. Overall, BISON Electronics has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BISON Electronics' Days Payable compare to SNDK and DELL?
According to the Hardware industry distribution chart, BISON Electronics ranks #982 out of 2443 companies for Days Payable. This puts BISON Electronics in the upper half of its industry. The industry median Days Payable is 69.89. BISON Electronics' value of 71.08 is 1.7% above this benchmark. Historically, BISON Electronics' own Days Payable has ranged from 83.19 to 120.07 over the past decade. While the company's 10-year median is 94.73 vs. the industry median of 69.89, BISON Electronics 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 69.89, 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. BISON Electronics's current Days Payable of 71.08 is 1.7% 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 BISON Electronics and its competitors. For the Hardware industry, the median Days Payable is 69.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BISON Electronics's current Days Payable is 71.08, which is 25% below median its own 10-year median of 94.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BISON Electronics stock overvalued right now?
Based on GuruFocus' analysis, BISON Electronics (ROCO:3659) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$30.17, compared to a current price of NT$20.70 — trading 31.4% below its estimated fair value. The current Days Payable is 71.08, which is 25% below median its 10-year median of 94.73 and 1.7% above the Hardware industry median of 69.89. BISON Electronics' overall GF Score™ is 75/100 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 BISON Electronics (ROCO:3659), the current Days Payable is 71.08 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 BISON Electronics (ROCO:3659) Overvalued in 2026?

Based on GuruFocus' analysis, BISON Electronics stock appears to be undervalued. The current stock price of NT$20.70 is trading 31.4% below its estimated GF Value™ of NT$30.17. GuruFocus considers BISON Electronics to be Significantly Undervalued.

Key valuation signals for ROCO:3659:

  • Days Payable: 71.08 (25% below median its 10-year median of 94.73)
  • GF Value™: NT$30.17 vs. price of NT$20.70 (31.4% below fair value)
  • GF Score™: 75/100 with 5 warning signs
  • Industry Position: 1.7% above the Hardware median (#982 of 2443)

No single metric tells the full story. See the ROCO:3659 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BISON Electronics Business Description

Address No.28, Alley 20, Lane.26, Rueiguang Road, Neihu District, 3rd floor, Taipei, TWN, 114
BISON Electronics Inc is an equipment manufacturer in Taiwan. It manufactures camera modules, displays, peripheral devices, and computer-relevant accessories.
75GF Score

Get the complete analysis for ROCO:3659

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

NT$20.70
Price
NT$30.17
GF Value