T-win Systems (ROCO:3693) Days Payable: 81.55 (As of Jun. 2026) — 40% Above 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:3693 T-win Systems Inc ROCO:3693
67 GF Score
Price NT$604.00
GF Value NT$285.83
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is T-win Systems Days Payable?

T-win Systems ROCO:3693 +2.90% 67 Days Payable is 81.55 as of Jun. 2026, which is 40% above its 10-year median of 58.17. GuruFocus rates ROCO:3693 with a GF Score™ of 67/100 and a GF Value™ of NT$285.83 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,442 Hardware companies, T-win Systems ranks better than 50.41% on this metric.

T-win Systems's average Accounts Payable for the three months ended in Jun. 2026 was NT$1,635 Mil. T-win Systems's Cost of Goods Sold for the three months ended in Jun. 2026 was NT$1,829 Mil. Hence, T-win Systems's Days Payable for the three months ended in Jun. 2026 was 81.55.

The historical rank and industry rank for T-win Systems's Days Payable or its related term are showing as below:

ROCO:3693' s Days Payable Range Over the Past 10 Years
Min: 45.14   Med: 58.17   Max: 70.82
Current: 70.58

During the past 13 years, T-win Systems's highest Days Payable was 70.82. The lowest was 45.14. And the median was 58.17.

ROCO:3693's Days Payable is ranked better than
50.41% of 2442 companies
in the Hardware industry
Industry Median: 70.065 vs ROCO:3693: 70.58

T-win Systems's Days Payable increased from Jun. 2025 (51.98) to Jun. 2026 (81.55). It may suggest that T-win Systems delayed paying its suppliers.


T-win Systems Days Payable Historical Data

* Premium members only.

The historical data trend for T-win Systems'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.

T-win Systems Days Payable Chart

T-win Systems 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 63.24 58.30 55.47 70.82 59.19

T-win Systems Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 51.98 48.79 50.24 55.46 81.55

ROCO:3693 vs DELL, ANET, SNDK: Days Payable Comparison

For the Computer Hardware subindustry, T-win Systems'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.


T-win Systems Days Payable vs Hardware Industry

For the Hardware industry and Technology sector, T-win Systems's Days Payable distribution charts can be found below:

* The bar in red indicates where T-win Systems's Days Payable falls into.


ROCO:3693
67GF Score
T-win Systems Inc ROCO:3693
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

T-win Systems 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.

T-win Systems'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
=( (1096.094 + 640.297) / 2 ) / 5354.084*365
=868.1955 / 5354.084*365
=59.19

T-win Systems's Days Payable for the quarter that ended in Jun. 2026 is calculated as:

Days Payable (Q: Jun. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2026 ) + Accounts Payable (Q: Jun. 2026 )) / count ) / Cost of Goods Sold (Q: Jun. 2026 )*Days in Period
=( (813.133 + 2455.969) / 2 ) / 1829.056*365 / 4
=1634.551 / 1829.056*365 / 4
=81.55

* 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 81.55 mean?
T-win Systems (ROCO:3693) has a Days Payable of 81.55 as of Jun. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on T-win Systems and its competitors. This is 40% above median its historical median of 58.17. Over the past decade, T-win Systems' Days Payable has ranged from 45.14 to 70.82. According to the industry distribution chart, T-win Systems ranks #1211 out of 2442 companies in the Hardware industry, placing it in the top 49.6%.
Is T-win Systems' Days Payable too high?
T-win Systems' current Days Payable of 81.55 is 40% above median its 10-year median of 58.17. Over the past 10 years, this metric has ranged from a low of 45.14 to a high of 70.82. The Hardware industry median Days Payable is 70.07. T-win Systems' value of 81.55 is 16.4% above this industry median. Based on the distribution chart, T-win Systems ranks #1211 out of 2442 companies in the Hardware industry, which is above the industry midpoint. Overall, T-win Systems has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does T-win Systems' Days Payable compare to DELL and ANET?
According to the Hardware industry distribution chart, T-win Systems ranks #1211 out of 2442 companies for Days Payable. This puts T-win Systems in the upper half of its industry. The industry median Days Payable is 70.07. T-win Systems' value of 81.55 is 16.4% above this benchmark. Historically, T-win Systems' own Days Payable has ranged from 45.14 to 70.82 over the past decade. While the company's 10-year median is 58.17 vs. the industry median of 70.07, T-win Systems 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 70.07, 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. T-win Systems's current Days Payable of 81.55 is 16.4% 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 T-win Systems and its competitors. For the Hardware industry, the median Days Payable is 70.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. T-win Systems's current Days Payable is 81.55, which is 40% above median its own 10-year median of 58.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is T-win Systems stock overvalued right now?
Based on GuruFocus' analysis, T-win Systems (ROCO:3693) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$285.83, compared to a current price of NT$604.00 — trading 111.3% above its estimated fair value. The current Days Payable is 81.55, which is 40% above median its 10-year median of 58.17 and 16.4% above the Hardware industry median of 70.07. T-win Systems' overall GF Score™ is 67/100 with 3 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 T-win Systems (ROCO:3693), the current Days Payable is 81.55 as of Jun. 2026. 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 T-win Systems (ROCO:3693) Overvalued in 2026?

Based on GuruFocus' analysis, T-win Systems stock appears to be overvalued. The current stock price of NT$604.00 is trading 111.3% above its estimated GF Value™ of NT$285.83. GuruFocus considers T-win Systems to be Significantly Overvalued.

Key valuation signals for ROCO:3693:

  • Days Payable: 81.55 (40% above median its 10-year median of 58.17)
  • GF Value™: NT$285.83 vs. price of NT$604.00 (111.3% above fair value)
  • GF Score™: 67/100 with 3 warning signs
  • Industry Position: 16.4% above the Hardware median (#1211 of 2442)

No single metric tells the full story. See the ROCO:3693 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


T-win Systems Business Description

Address Lane 20, Daxing Road, No. 9, Lane 19, Luzhu District, Taoyuan Hsien, TWN
T-win Systems Inc provides OEM/ODM server and storage solutions including in-house design, validation, manufacturing and production, import and export of its expansive selection of products are flexible and can be configured to any form factor or custom configuration.
67GF Score

Get the complete analysis for ROCO:3693

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

NT$604.00
Price
NT$285.83
GF Value