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Kwang Ming Silk Mill CoROCO:4420 -1.11%64 Days Payable is 1.96 as of Dec. 2025, which is 75% below its 10-year median of 7.99. GuruFocus rates ROCO:4420 with a GF Score™ of 64/100 and a GF Value™ of NT$75.13 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,020 Manufacturing - Apparel & Accessories companies, Kwang Ming Silk Mill Co ranks worse than 99.41% on this metric.
The historical rank and industry rank for Kwang Ming Silk Mill Co's Days Payable or its related term are showing as below:
ROCO:4420'
s Days Payable Range Over the Past 10 Years
Min: 1.3 Med: 7.99 Max: 17.4
Current: 1.4
During the past 13 years, Kwang Ming Silk Mill Co's highest Days Payable was 17.40. The lowest was 1.30. And the median was 7.99.
ROCO:4420's Days Payable is ranked worse than 99.41% of 1020
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.265
vs ROCO:4420: 1.40
* 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.
Kwang Ming Silk Mill Co Days Payable Competitor Comparison
For the Textile Manufacturing subindustry, Kwang Ming Silk Mill 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.
Kwang Ming Silk Mill Co Days Payable vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kwang Ming Silk Mill Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Kwang Ming Silk Mill Co'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.
Kwang Ming Silk Mill Co'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.
Kwang Ming Silk Mill Co (ROCO:4420) has a Days Payable of 1.96 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 Kwang Ming Silk Mill Co and its competitors. This is 75% below median its historical median of 7.99. Over the past decade, Kwang Ming Silk Mill Co's Days Payable has ranged from 1.30 to 17.40. According to the industry distribution chart, Kwang Ming Silk Mill Co ranks #1014 out of 1020 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 99.4%.
Is Kwang Ming Silk Mill Co's Days Payable too high?
Kwang Ming Silk Mill Co's current Days Payable of 1.96 is 75% below median its 10-year median of 7.99. Over the past 10 years, this metric has ranged from a low of 1.30 to a high of 17.40. The Manufacturing - Apparel & Accessories industry median Days Payable is 54.27. Kwang Ming Silk Mill Co's value of 1.96 is 96.4% below this industry median. Based on the distribution chart, Kwang Ming Silk Mill Co ranks #1014 out of 1020 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Kwang Ming Silk Mill Co has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kwang Ming Silk Mill Co's Days Payable compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Kwang Ming Silk Mill Co ranks #1014 out of 1020 companies for Days Payable. This places Kwang Ming Silk Mill Co in the lower half of its industry. The industry median Days Payable is 54.27. Kwang Ming Silk Mill Co's value of 1.96 is 96.4% below this benchmark. Historically, Kwang Ming Silk Mill Co's own Days Payable has ranged from 1.30 to 17.40 over the past decade. While the company's 10-year median is 7.99 vs. the industry median of 54.27, Kwang Ming Silk Mill 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 a Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 54.27, based on 1,020 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. Kwang Ming Silk Mill Co's current Days Payable of 1.96 is 96.4% 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 Kwang Ming Silk Mill Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 54.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kwang Ming Silk Mill Co's current Days Payable is 1.96, which is 75% below median its own 10-year median of 7.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kwang Ming Silk Mill Co stock overvalued right now?
Based on GuruFocus' analysis, Kwang Ming Silk Mill Co (ROCO:4420) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$75.13, compared to a current price of NT$35.60 — trading 52.6% below its estimated fair value. The current Days Payable is 1.96, which is 75% below median its 10-year median of 7.99 and 96.4% below the Manufacturing - Apparel & Accessories industry median of 54.27. Kwang Ming Silk Mill Co's overall GF Score™ is 64/100 with 2 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 Kwang Ming Silk Mill Co (ROCO:4420), the current Days Payable is 1.96 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 Kwang Ming Silk Mill Co (ROCO:4420) Overvalued in 2026?
Based on GuruFocus' analysis, Kwang Ming Silk Mill Co stock appears to be undervalued.
The current stock price of NT$35.60 is trading 52.6% below its estimated GF Value™ of NT$75.13.
GuruFocus considers Kwang Ming Silk Mill Co to be Significantly Undervalued.
Key valuation signals for ROCO:4420:
Days Payable: 1.96 (75% below median its 10-year median of 7.99)
GF Value™: NT$75.13 vs. price of NT$35.60 (52.6% below fair value)
Industry Position: 96.4% below the Manufacturing - Apparel & Accessories median (#1014 of 1020)
No single metric tells the full story. See the ROCO:4420 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kwang Ming Silk Mill Co Ltd is mainly engaged in the textile industry, including the manufacture of man-made fibers, dyeing and weaving of fabrics, and the purchase and sale of raw materials, supplies, and finished goods related to fabrics. The Company is also involved in real estate leasing, as well as industrial factory development and rental. It operates through two reportable segments: the Fiber segment, which generates the maximum revenue and is engaged in the manufacture and trading of textured yarn, and the Real Estate Development segment, which focuses on housing, commercial buildings, and factory development and rental.
64GF Score
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