Taiwan Special Chemicals (ROCO:4772) Days Payable: 39.47 (As of Mar. 2026) — 135% Above Median

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ROCO:4772 Taiwan Special Chemicals Corp ROCO:4772
63 GF Score
Price NT$270.50
GF Value NT$679.24
Valuation Possible Value Trap
! 1 Warning Sign
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What is Taiwan Special Chemicals Days Payable?

Taiwan Special Chemicals ROCO:4772 63 Days Payable is 39.47 as of Mar. 2026, which is 135% above its 10-year median of 16.78. GuruFocus rates ROCO:4772 with a GF Score™ of 63/100 and a GF Value™ of NT$679.24 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 1,552 Chemicals companies, Taiwan Special Chemicals ranks worse than 74.61% on this metric.

Taiwan Special Chemicals's average Accounts Payable for the three months ended in Mar. 2026 was NT$182 Mil. Taiwan Special Chemicals's Cost of Goods Sold for the three months ended in Mar. 2026 was NT$420 Mil. Hence, Taiwan Special Chemicals's Days Payable for the three months ended in Mar. 2026 was 39.47.

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

ROCO:4772' s Days Payable Range Over the Past 10 Years
Min: 3.96   Med: 16.78   Max: 47.46
Current: 35.24

During the past 7 years, Taiwan Special Chemicals's highest Days Payable was 47.46. The lowest was 3.96. And the median was 16.78.

ROCO:4772's Days Payable is ranked worse than
74.61% of 1552 companies
in the Chemicals industry
Industry Median: 59.645 vs ROCO:4772: 35.24

Taiwan Special Chemicals's Days Payable declined from Mar. 2025 (70.33) to Mar. 2026 (39.47). It may suggest that Taiwan Special Chemicals accelerated paying its suppliers.


Taiwan Special Chemicals Days Payable Historical Data

* Premium members only.

The historical data trend for Taiwan Special Chemicals'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.

Taiwan Special Chemicals Days Payable Chart

Taiwan Special Chemicals Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial 11.13 16.78 18.78 42.72 47.46

Taiwan Special Chemicals Quarterly Data
Dec19 Dec20 Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 70.33 51.45 28.23 30.21 39.47

ROCO:4772 vs LIN, SHW, ECL: Days Payable Comparison

For the Specialty Chemicals subindustry, Taiwan Special Chemicals'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.


Taiwan Special Chemicals Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Taiwan Special Chemicals's Days Payable distribution charts can be found below:

* The bar in red indicates where Taiwan Special Chemicals's Days Payable falls into.


ROCO:4772
63GF Score
Taiwan Special Chemicals Corp ROCO:4772
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Taiwan Special Chemicals 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.

Taiwan Special Chemicals'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
=( (74.707 + 169.378) / 2 ) / 938.667*365
=122.0425 / 938.667*365
=47.46

Taiwan Special Chemicals's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (169.378 + 194.026) / 2 ) / 420.071*365 / 4
=181.702 / 420.071*365 / 4
=39.47

* 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 39.47 mean?
Taiwan Special Chemicals (ROCO:4772) has a Days Payable of 39.47 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Taiwan Special Chemicals and its competitors. This is 135% above median its historical median of 16.78. Over the past decade, Taiwan Special Chemicals' Days Payable has ranged from 3.96 to 47.46. According to the industry distribution chart, Taiwan Special Chemicals ranks #1158 out of 1552 companies in the Chemicals industry, placing it in the top 74.6%.
Is Taiwan Special Chemicals' Days Payable too high?
Taiwan Special Chemicals' current Days Payable of 39.47 is 135% above median its 10-year median of 16.78. Over the past 10 years, this metric has ranged from a low of 3.96 to a high of 47.46. The Chemicals industry median Days Payable is 59.65. Taiwan Special Chemicals' value of 39.47 is 33.8% below this industry median. Based on the distribution chart, Taiwan Special Chemicals ranks #1158 out of 1552 companies in the Chemicals industry, which is below the industry midpoint. Overall, Taiwan Special Chemicals has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Taiwan Special Chemicals' Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, Taiwan Special Chemicals ranks #1158 out of 1552 companies for Days Payable. This places Taiwan Special Chemicals in the lower half of its industry. The industry median Days Payable is 59.65. Taiwan Special Chemicals' value of 39.47 is 33.8% below this benchmark. Historically, Taiwan Special Chemicals' own Days Payable has ranged from 3.96 to 47.46 over the past decade. While the company's 10-year median is 16.78 vs. the industry median of 59.65, Taiwan Special Chemicals 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 Chemicals company?
The median Days Payable among Chemicals companies is 59.65, based on 1,552 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. Taiwan Special Chemicals's current Days Payable of 39.47 is 33.8% 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 Taiwan Special Chemicals and its competitors. For the Chemicals industry, the median Days Payable is 59.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Special Chemicals's current Days Payable is 39.47, which is 135% above median its own 10-year median of 16.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Special Chemicals stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Special Chemicals (ROCO:4772) is currently considered Possible Value Trap. The stock's GF Value™ is NT$679.24, compared to a current price of NT$270.50 — trading 60.2% below its estimated fair value. The current Days Payable is 39.47, which is 135% above median its 10-year median of 16.78 and 33.8% below the Chemicals industry median of 59.65. Taiwan Special Chemicals' overall GF Score™ is 63/100 with 1 warning sign 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 Taiwan Special Chemicals (ROCO:4772), the current Days Payable is 39.47 as of Mar. 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 Taiwan Special Chemicals (ROCO:4772) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Special Chemicals stock appears to be undervalued. The current stock price of NT$270.50 is trading 60.2% below its estimated GF Value™ of NT$679.24. GuruFocus considers Taiwan Special Chemicals to be Possible Value Trap.

Key valuation signals for ROCO:4772:

  • Days Payable: 39.47 (135% above median its 10-year median of 16.78)
  • GF Value™: NT$679.24 vs. price of NT$270.50 (60.2% below fair value)
  • GF Score™: 63/100 with 1 warning sign
  • Industry Position: 33.8% below the Chemicals median (#1158 of 1552)

No single metric tells the full story. See the ROCO:4772 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Special Chemicals Business Description

Address No.1, Zhangbin West 3rd Road, Xianxi Township, Changhua County, Changhua, TWN, 507
Taiwan Special Chemicals Corp develops and manufactures semiconductor specialty gases (SEG) and semiconductor chemical materials (SEC), and is engaged in the sale and production of precision chemical materials, as well as the cleaning, maintenance, and refurbishment services for semiconductor equipment and components. It generates maximum revenue from the sale of specialty chemical materials. Geographically, the company generates maximum revenue from Taiwan, followed by other Asian regions, America, Northeast Asia (Japan and Korea), and Europe.
63GF Score

Get the complete analysis for ROCO:4772

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

NT$270.50
Price
NT$679.24
GF Value