Innopharmax (ROCO:4172) Days Payable: 63.60 (As of Dec. 2025) — 51% Below Median

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ROCO:4172 Innopharmax Inc ROCO:4172
49 GF Score
Price NT$13.30
GF Value NT$30.33
Valuation Possible Value Trap
! 5 Warning Signs
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What is Innopharmax Days Payable?

Innopharmax ROCO:4172 +17.18% 49 Days Payable is 63.60 as of Dec. 2025, which is 51% below its 10-year median of 130.55. GuruFocus rates ROCO:4172 with a GF Score™ of 49/100 and a GF Value™ of NT$30.33 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 927 Drug Manufacturers companies, Innopharmax ranks worse than 85.22% on this metric.

Innopharmax's average Accounts Payable for the six months ended in Dec. 2025 was NT$7.67 Mil. Innopharmax's Cost of Goods Sold for the six months ended in Dec. 2025 was NT$22.01 Mil. Hence, Innopharmax's Days Payable for the six months ended in Dec. 2025 was 63.60.

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

ROCO:4172' s Days Payable Range Over the Past 10 Years
Min: 10.39   Med: 130.55   Max: 296.81
Current: 36.5

During the past 13 years, Innopharmax's highest Days Payable was 296.81. The lowest was 10.39. And the median was 130.55.

ROCO:4172's Days Payable is ranked worse than
85.22% of 927 companies
in the Drug Manufacturers industry
Industry Median: 90.38 vs ROCO:4172: 36.50

Innopharmax's Days Payable declined from Dec. 2024 (1,142.05) to Dec. 2025 (63.60). It may suggest that Innopharmax accelerated paying its suppliers.


Innopharmax Days Payable Historical Data

* Premium members only.

The historical data trend for Innopharmax'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.

Innopharmax Days Payable Chart

Innopharmax 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 170.01 10.39 47.19 141.82 36.14

Innopharmax 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 139.20 167.42 1,142.05 20.72 63.60

ROCO:4172 vs ZTS, UTHR: Days Payable Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Innopharmax'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.


Innopharmax Days Payable vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Innopharmax's Days Payable distribution charts can be found below:

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


ROCO:4172
49GF Score
Innopharmax Inc ROCO:4172
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Innopharmax 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.

Innopharmax'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
=( (2.403 + 9.311) / 2 ) / 59.156*365
=5.857 / 59.156*365
=36.14

Innopharmax'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
=( (6.031 + 9.311) / 2 ) / 22.013*365 / 2
=7.671 / 22.013*365 / 2
=63.60

* 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 63.60 mean?
Innopharmax (ROCO:4172) has a Days Payable of 63.60 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 Innopharmax and its competitors. This is 51% below median its historical median of 130.55. Over the past decade, Innopharmax's Days Payable has ranged from 10.39 to 296.81. According to the industry distribution chart, Innopharmax ranks #790 out of 927 companies in the Drug Manufacturers industry, placing it in the top 85.2%.
Is Innopharmax's Days Payable too high?
Innopharmax's current Days Payable of 63.60 is 51% below median its 10-year median of 130.55. Over the past 10 years, this metric has ranged from a low of 10.39 to a high of 296.81. The Drug Manufacturers industry median Days Payable is 90.38. Innopharmax's value of 63.60 is 29.6% below this industry median. Based on the distribution chart, Innopharmax ranks #790 out of 927 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Innopharmax has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Innopharmax's Days Payable compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Innopharmax ranks #790 out of 927 companies for Days Payable. This places Innopharmax in the lower half of its industry. The industry median Days Payable is 90.38. Innopharmax's value of 63.60 is 29.6% below this benchmark. Historically, Innopharmax's own Days Payable has ranged from 10.39 to 296.81 over the past decade. While the company's 10-year median is 130.55 vs. the industry median of 90.38, Innopharmax 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 Drug Manufacturers company?
The median Days Payable among Drug Manufacturers companies is 90.38, based on 927 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. Innopharmax's current Days Payable of 63.60 is 29.6% 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 Innopharmax and its competitors. For the Drug Manufacturers industry, the median Days Payable is 90.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innopharmax's current Days Payable is 63.60, which is 51% below median its own 10-year median of 130.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innopharmax stock overvalued right now?
Based on GuruFocus' analysis, Innopharmax (ROCO:4172) is currently considered Possible Value Trap. The stock's GF Value™ is NT$30.33, compared to a current price of NT$13.30 — trading 56.1% below its estimated fair value. The current Days Payable is 63.60, which is 51% below median its 10-year median of 130.55 and 29.6% below the Drug Manufacturers industry median of 90.38. Innopharmax's overall GF Score™ is 49/100 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 Innopharmax (ROCO:4172), the current Days Payable is 63.60 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 Innopharmax (ROCO:4172) Overvalued in 2026?

Based on GuruFocus' analysis, Innopharmax stock appears to be undervalued. The current stock price of NT$13.30 is trading 56.1% below its estimated GF Value™ of NT$30.33. GuruFocus considers Innopharmax to be Possible Value Trap.

Key valuation signals for ROCO:4172:

  • Days Payable: 63.60 (51% below median its 10-year median of 130.55)
  • GF Value™: NT$30.33 vs. price of NT$13.30 (56.1% below fair value)
  • GF Score™: 49/100 with 5 warning signs
  • Industry Position: 29.6% below the Drug Manufacturers median (#790 of 927)

No single metric tells the full story. See the ROCO:4172 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Innopharmax Business Description

Address No. 22, Lane 478, Ruiguang Road, 9th Floor, Neihu District, Taipei, TWN, 11492
Innopharmax Inc is a Taiwan based specialty pharmaceutical company. It is focused on the development and commercialization of products for the treatment of oncology and specialty. The company's products include anti-infection agents, contrast agents, oncology agents, immunological agents, drugs for rare diseases and others.
49GF Score

Get the complete analysis for ROCO:4172

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

NT$13.30
Price
NT$30.33
GF Value