Hsinjing Holding Co (ROCO:3713) Days Payable: 88.39 (As of Dec. 2025) — 32% Above Median


ROCO:3713 Hsinjing Holding Co Ltd ROCO:3713
62 GF Score
Price NT$14.50
GF Value NT$10.21
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Hsinjing Holding Co Days Payable?

Hsinjing Holding Co ROCO:3713 62 Days Payable is 88.39 as of Dec. 2025, which is 32% above its 10-year median of 66.84. GuruFocus rates ROCO:3713 with a GF Score™ of 62/100 and a GF Value™ of NT$10.21 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 998 Semiconductors companies, Hsinjing Holding Co ranks better than 84.27% on this metric.

Hsinjing Holding Co's average Accounts Payable for the three months ended in Dec. 2025 was NT$100.3 Mil. Hsinjing Holding Co's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$103.5 Mil. Hence, Hsinjing Holding Co's Days Payable for the three months ended in Dec. 2025 was 88.39.

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

ROCO:3713' s Days Payable Range Over the Past 10 Years
Min: 34.32   Med: 66.84   Max: 235.47
Current: 135.64

During the past 10 years, Hsinjing Holding Co's highest Days Payable was 235.47. The lowest was 34.32. And the median was 66.84.

ROCO:3713's Days Payable is ranked better than
84.27% of 998 companies
in the Semiconductors industry
Industry Median: 52.98 vs ROCO:3713: 135.64

Hsinjing Holding Co's Days Payable declined from Dec. 2024 (174.74) to Dec. 2025 (88.39). It may suggest that Hsinjing Holding Co accelerated paying its suppliers.


Hsinjing Holding Co Days Payable Historical Data

* Premium members only.

The historical data trend for Hsinjing Holding 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.

Hsinjing Holding Co Days Payable Chart

Hsinjing Holding 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 51.96 34.32 92.96 235.47 123.73

Hsinjing Holding 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 174.74 167.95 142.05 204.24 88.39

ROCO:3713 vs FSLR, NXT, ENPH: Days Payable Comparison

For the Solar subindustry, Hsinjing Holding 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.


Hsinjing Holding Co Days Payable vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Hsinjing Holding Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hsinjing Holding Co's Days Payable falls into.


ROCO:3713
62GF Score
Hsinjing Holding Co Ltd ROCO:3713
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hsinjing Holding 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.

Hsinjing Holding 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
=( (108.837 + 82.452) / 2 ) / 282.151*365
=95.6445 / 282.151*365
=123.73

Hsinjing Holding 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
=( (118.096 + 82.452) / 2 ) / 103.521*365 / 4
=100.274 / 103.521*365 / 4
=88.39

* 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 88.39 mean?
Hsinjing Holding Co (ROCO:3713) has a Days Payable of 88.39 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 Hsinjing Holding Co and its competitors. This is 32% above median its historical median of 66.84. Over the past decade, Hsinjing Holding Co's Days Payable has ranged from 34.32 to 235.47. According to the industry distribution chart, Hsinjing Holding Co ranks #157 out of 998 companies in the Semiconductors industry, placing it in the top 15.7%.
Is Hsinjing Holding Co's Days Payable too high?
Hsinjing Holding Co's current Days Payable of 88.39 is 32% above median its 10-year median of 66.84. Over the past 10 years, this metric has ranged from a low of 34.32 to a high of 235.47. The Semiconductors industry median Days Payable is 52.98. Hsinjing Holding Co's value of 88.39 is 66.8% above this industry median. Based on the distribution chart, Hsinjing Holding Co ranks #157 out of 998 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Hsinjing Holding Co has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hsinjing Holding Co's Days Payable compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Hsinjing Holding Co ranks #157 out of 998 companies for Days Payable. This places Hsinjing Holding Co in the top 16% of its industry — outperforming the majority of peers. The industry median Days Payable is 52.98. Hsinjing Holding Co's value of 88.39 is 66.8% above this benchmark. Historically, Hsinjing Holding Co's own Days Payable has ranged from 34.32 to 235.47 over the past decade. While the company's 10-year median is 66.84 vs. the industry median of 52.98, Hsinjing Holding Co 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 Semiconductors company?
The median Days Payable among Semiconductors companies is 52.98, based on 998 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. Hsinjing Holding Co's current Days Payable of 88.39 is 66.8% 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 Hsinjing Holding Co and its competitors. For the Semiconductors industry, the median Days Payable is 52.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hsinjing Holding Co's current Days Payable is 88.39, which is 32% above median its own 10-year median of 66.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hsinjing Holding Co stock overvalued right now?
Based on GuruFocus' analysis, Hsinjing Holding Co (ROCO:3713) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$10.21, compared to a current price of NT$14.50 — trading 42% above its estimated fair value. The current Days Payable is 88.39, which is 32% above median its 10-year median of 66.84 and 66.8% above the Semiconductors industry median of 52.98. Hsinjing Holding Co's overall GF Score™ is 62/100 with 7 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 Hsinjing Holding Co (ROCO:3713), the current Days Payable is 88.39 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 Hsinjing Holding Co (ROCO:3713) Overvalued in 2026?

Based on GuruFocus' analysis, Hsinjing Holding Co stock appears to be overvalued. The current stock price of NT$14.50 is trading 42% above its estimated GF Value™ of NT$10.21. GuruFocus considers Hsinjing Holding Co to be Significantly Overvalued.

Key valuation signals for ROCO:3713:

  • Days Payable: 88.39 (32% above median its 10-year median of 66.84)
  • GF Value™: NT$10.21 vs. price of NT$14.50 (42% above fair value)
  • GF Score™: 62/100 with 7 warning signs
  • Industry Position: 66.8% above the Semiconductors median (#157 of 998)

No single metric tells the full story. See the ROCO:3713 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hsinjing Holding Co Business Description

Address Fuxing 2nd Road, No. 193, Room 1, 3rd Floor, Hsinchu County, Zhubei, TWN, 302052
Hsinjing Holding Co Ltd, along with its subsidiaries, is engaged in the research and development, manufacturing, and sales of various types of solar panel modules, the construction of solar power plants, and the ownership of solar power stations. The majority of the group's revenue is generated from the Construction of solar power plants and through electricity sales. Geographically, it operates in Taiwan.
62GF Score

Get the complete analysis for ROCO:3713

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

NT$14.50
Price
NT$10.21
GF Value