Thintech Material Technology Co (ROCO:3663) Days Payable: 1.28 (As of Dec. 2025) — 41% Below Median

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ROCO:3663 Thintech Material Technology Co Ltd ROCO:3663
70 GF Score
Price NT$74.60
GF Value NT$56.18
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Thintech Material Technology Co Days Payable?

Thintech Material Technology Co ROCO:3663 -4.85% 70 Days Payable is 1.28 as of Dec. 2025, which is 41% below its 10-year median of 2.18. GuruFocus rates ROCO:3663 with a GF Score™ of 70/100 and a GF Value™ of NT$56.18 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,993 Industrial Products companies, Thintech Material Technology Co ranks worse than 99.73% on this metric.

Thintech Material Technology Co's average Accounts Payable for the three months ended in Dec. 2025 was NT$22 Mil. Thintech Material Technology Co's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$1,581 Mil. Hence, Thintech Material Technology Co's Days Payable for the three months ended in Dec. 2025 was 1.28.

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

ROCO:3663' s Days Payable Range Over the Past 10 Years
Min: 1.21   Med: 2.18   Max: 4.33
Current: 2.71

During the past 13 years, Thintech Material Technology Co's highest Days Payable was 4.33. The lowest was 1.21. And the median was 2.18.

ROCO:3663's Days Payable is ranked worse than
99.73% of 2993 companies
in the Industrial Products industry
Industry Median: 78.04 vs ROCO:3663: 2.71

Thintech Material Technology Co's Days Payable declined from Dec. 2024 (3.73) to Dec. 2025 (1.28). It may suggest that Thintech Material Technology Co accelerated paying its suppliers.


Thintech Material Technology Co Days Payable Related Terms


Thintech Material Technology Co Days Payable Historical Data

* Premium members only.

The historical data trend for Thintech Material 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.

Thintech Material Technology Co Days Payable Chart

Thintech Material 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 4.12 4.33 1.42 2.69 2.36

Thintech Material 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 3.73 4.76 3.27 2.45 1.28

ROCO:3663 vs CRS, ATI, MLI: Days Payable Comparison

For the Metal Fabrication subindustry, Thintech Material 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.


Thintech Material Technology Co Days Payable vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Thintech Material Technology Co's Days Payable distribution charts can be found below:

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


ROCO:3663
70GF Score
Thintech Material Technology Co Ltd ROCO:3663
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thintech Material 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.

Thintech Material 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
=( (49.285 + 21.653) / 2 ) / 5492.807*365
=35.469 / 5492.807*365
=2.36

Thintech Material 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
=( (22.805 + 21.653) / 2 ) / 1580.567*365 / 4
=22.229 / 1580.567*365 / 4
=1.28

* 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 1.28 mean?
Thintech Material Technology Co (ROCO:3663) has a Days Payable of 1.28 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 Thintech Material Technology Co and its competitors. This is 41% below median its historical median of 2.18. Over the past decade, Thintech Material Technology Co's Days Payable has ranged from 1.21 to 4.33. According to the industry distribution chart, Thintech Material Technology Co ranks #2985 out of 2993 companies in the Industrial Products industry, placing it in the top 99.7%.
Is Thintech Material Technology Co's Days Payable too high?
Thintech Material Technology Co's current Days Payable of 1.28 is 41% below median its 10-year median of 2.18. Over the past 10 years, this metric has ranged from a low of 1.21 to a high of 4.33. The Industrial Products industry median Days Payable is 78.04. Thintech Material Technology Co's value of 1.28 is 98.4% below this industry median. Based on the distribution chart, Thintech Material Technology Co ranks #2985 out of 2993 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Thintech Material Technology Co has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thintech Material Technology Co's Days Payable compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Thintech Material Technology Co ranks #2985 out of 2993 companies for Days Payable. This places Thintech Material Technology Co in the lower half of its industry. The industry median Days Payable is 78.04. Thintech Material Technology Co's value of 1.28 is 98.4% below this benchmark. Historically, Thintech Material Technology Co's own Days Payable has ranged from 1.21 to 4.33 over the past decade. While the company's 10-year median is 2.18 vs. the industry median of 78.04, Thintech Material Technology 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 78.04, based on 2,993 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. Thintech Material Technology Co's current Days Payable of 1.28 is 98.4% 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 Thintech Material Technology Co and its competitors. For the Industrial Products industry, the median Days Payable is 78.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thintech Material Technology Co's current Days Payable is 1.28, which is 41% below median its own 10-year median of 2.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thintech Material Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Thintech Material Technology Co (ROCO:3663) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$56.18, compared to a current price of NT$74.60 — trading 32.8% above its estimated fair value. The current Days Payable is 1.28, which is 41% below median its 10-year median of 2.18 and 98.4% below the Industrial Products industry median of 78.04. Thintech Material Technology Co's overall GF Score™ is 70/100 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 Thintech Material Technology Co (ROCO:3663), the current Days Payable is 1.28 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 Thintech Material Technology Co (ROCO:3663) Overvalued in 2026?

Based on GuruFocus' analysis, Thintech Material Technology Co stock appears to be overvalued. The current stock price of NT$74.60 is trading 32.8% above its estimated GF Value™ of NT$56.18. GuruFocus considers Thintech Material Technology Co to be Significantly Overvalued.

Key valuation signals for ROCO:3663:

  • Days Payable: 1.28 (41% below median its 10-year median of 2.18)
  • GF Value™: NT$56.18 vs. price of NT$74.60 (32.8% above fair value)
  • GF Score™: 70/100 with 4 warning signs
  • Industry Position: 98.4% below the Industrial Products median (#2985 of 2993)

No single metric tells the full story. See the ROCO:3663 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thintech Material Technology Co Business Description

Address No. 140, Zhongshan North Road, 8F-4 Floor, Gangshan District, Kaohsiung, TWN
Thintech Material Technology Co Ltd is a Taiwan-based company engaged in the processing and sales of a variety of thin film sputtering targets and precious metals, as well as trading general metals. Its products include conductive paste for solar cells, thin film for sputtering targets, target bonding service, precious metal refining, injection molding bi-metal barrels, and special alloy powder. It is engaged in four segments: ThinTech Materials Technology Co., Ltd, Changzhou CSPM, Ltd, and Others. Key revenue is generated from ThinTech Materials Technology Co., Ltd, which is engaged in the processing and sales of various thin film sputtering targets and precious metals, as well as trading of general metals.
70GF Score

Get the complete analysis for ROCO:3663

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

NT$74.60
Price
NT$56.18
GF Value