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ArrayROCO:3664 -8.51%38 Days Payable is 68.31 as of Dec. 2025, which is 2% above its 10-year median of 67.11. GuruFocus rates ROCO:3664 with a GF Score™ of 38/100 and a GF Value™ of NT$19.64 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 2,442 Hardware companies, Array ranks better than 71.09% on this metric.
Array's average Accounts Payable for the
three
months ended in Dec. 2025 was NT$46.8 Mil. Array's Cost of Goods Sold for the
three
months ended in Dec. 2025 was NT$62.5 Mil.
Hence, Array's Days Payable for the
three
months ended in Dec. 2025 was 68.31.
The historical rank and industry rank for Array's Days Payable or its related term are showing as below:
ROCO:3664'
s Days Payable Range Over the Past 10 Years
Min: 49.83 Med: 67.11 Max: 135.72
Current: 106.31
During the past 13 years, Array's highest Days Payable was 135.72. The lowest was 49.83. And the median was 67.11.
ROCO:3664's Days Payable is ranked better than 71.09% of 2442
companies
in the Hardware industry
Industry Median: 69.89
vs ROCO:3664: 106.31
Array's Days Payable
increased
from Dec. 2024 (62.69) to Dec. 2025 (68.31).
It may suggest that Arraydelayed paying its suppliers.
Array Days Payable Related Terms
Array Days Payable Historical Data
* Premium members only.
The historical data trend for Array'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:3664 vs CSCO, CIEN, MSI: Days Payable Comparison
For the Communication Equipment subindustry, Array'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.
Array Days Payable vs Hardware Industry
For the Hardware industry and Technology sector, Array's Days Payable distribution charts can be found below:
* The bar in red indicates where Array'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.
Array'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.
Array (ROCO:3664) has a Days Payable of 68.31 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 Array and its competitors. This is near median its historical median of 67.11. Over the past decade, Array's Days Payable has ranged from 49.83 to 135.72. According to the industry distribution chart, Array ranks #706 out of 2442 companies in the Hardware industry, placing it in the top 28.9%.
Is Array's Days Payable too high?
Array's current Days Payable of 68.31 is near median its 10-year median of 67.11. Over the past 10 years, this metric has ranged from a low of 49.83 to a high of 135.72. The Hardware industry median Days Payable is 69.89. Array's value of 68.31 is 2.3% below this industry median. Based on the distribution chart, Array ranks #706 out of 2442 companies in the Hardware industry, which is above the industry midpoint. Overall, Array has a GF Score™ of 38/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Array's Days Payable compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Array ranks #706 out of 2442 companies for Days Payable. This puts Array in the upper half of its industry. The industry median Days Payable is 69.89. Array's value of 68.31 is 2.3% below this benchmark. Historically, Array's own Days Payable has ranged from 49.83 to 135.72 over the past decade. While the company's 10-year median is 67.11 vs. the industry median of 69.89, Array 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 69.89, based on 2,442 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. Array's current Days Payable of 68.31 is 2.3% 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 Array 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. Array's current Days Payable is 68.31, which is near median its own 10-year median of 67.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Array stock overvalued right now?
Based on GuruFocus' analysis, Array (ROCO:3664) is currently considered Possible Value Trap. The stock's GF Value™ is NT$19.64, compared to a current price of NT$6.02 — trading 69.3% below its estimated fair value. The current Days Payable is 68.31, which is near median its 10-year median of 67.11 and 2.3% below the Hardware industry median of 69.89. Array's overall GF Score™ is 38/100 with 8 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 Array (ROCO:3664), the current Days Payable is 68.31 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 Array (ROCO:3664) Overvalued in 2026?
Based on GuruFocus' analysis, Array stock appears to be undervalued.
The current stock price of NT$6.02 is trading 69.3% below its estimated GF Value™ of NT$19.64.
GuruFocus considers Array to be Possible Value Trap.
Key valuation signals for ROCO:3664:
Days Payable: 68.31 (near median its 10-year median of 67.11)
GF Value™: NT$19.64 vs. price of NT$6.02 (69.3% below fair value)
Industry Position: 2.3% below the Hardware median (#706 of 2442)
No single metric tells the full story. See the ROCO:3664 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Array Inc and its subsidiaries are engaged in the research and development, manufacturing and sales of network function platform products, network connectivity security systems and network traffic acceleration equipment. The Group provides network function platform solutions, application delivery controllers, virtual private networks, remote desktop connection solutions and application accelerators, along with related after-sales support and services. Its products include cybersecurity solutions such as Web App Firewall & DDoS Protection, SSL Intercept and Deep-AI Data Loss Prevention, and data center solutions such as Load Balancing & App Delivery, Network Traffic Broker and Network Functions Virtualization.
38GF Score
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