Song Ho Industrial Co (ROCO:5016) Days Payable: 4.62 (As of Dec. 2025) — 14% Above Median


ROCO:5016 Song Ho Industrial Co Ltd ROCO:5016
68 GF Score
Price NT$24.05
GF Value NT$26.43
Valuation Fairly Valued
! 6 Warning Signs
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What is Song Ho Industrial Co Days Payable?

Song Ho Industrial Co ROCO:5016 -1.23% 68 Days Payable is 4.62 as of Dec. 2025, which is 14% above its 10-year median of 4.04. GuruFocus rates ROCO:5016 with a GF Score™ of 68/100 and a GF Value™ of NT$26.43 (Fairly Valued). The stock has 6 warning signs investors should review. Among 597 Steel companies, Song Ho Industrial Co ranks worse than 95.81% on this metric.

Song Ho Industrial Co's average Accounts Payable for the three months ended in Dec. 2025 was NT$22 Mil. Song Ho Industrial Co's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$442 Mil. Hence, Song Ho Industrial Co's Days Payable for the three months ended in Dec. 2025 was 4.62.

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

ROCO:5016' s Days Payable Range Over the Past 10 Years
Min: 3.36   Med: 4.04   Max: 7.5
Current: 5.2

During the past 13 years, Song Ho Industrial Co's highest Days Payable was 7.50. The lowest was 3.36. And the median was 4.04.

ROCO:5016's Days Payable is ranked worse than
95.81% of 597 companies
in the Steel industry
Industry Median: 41.39 vs ROCO:5016: 5.20

Song Ho Industrial Co's Days Payable declined from Dec. 2024 (4.93) to Dec. 2025 (4.62). It may suggest that Song Ho Industrial Co accelerated paying its suppliers.


Song Ho Industrial Co Days Payable Historical Data

* Premium members only.

The historical data trend for Song Ho Industrial 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.

Song Ho Industrial Co Days Payable Chart

Song Ho Industrial 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 3.36 3.68 3.66 3.78 4.05

Song Ho Industrial 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 4.93 5.05 6.13 6.07 4.62

ROCO:5016 vs NUE, STLD, RS: Days Payable Comparison

For the Steel subindustry, Song Ho Industrial 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.


Song Ho Industrial Co Days Payable vs Steel Industry

For the Steel industry and Basic Materials sector, Song Ho Industrial Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Song Ho Industrial Co's Days Payable falls into.


ROCO:5016
68GF Score
Song Ho Industrial Co Ltd ROCO:5016
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Song Ho Industrial 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.

Song Ho Industrial 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
=( (20.562 + 20.402) / 2 ) / 1846.626*365
=20.482 / 1846.626*365
=4.05

Song Ho Industrial 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
=( (24.384 + 20.402) / 2 ) / 442.005*365 / 4
=22.393 / 442.005*365 / 4
=4.62

* 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 4.62 mean?
Song Ho Industrial Co (ROCO:5016) has a Days Payable of 4.62 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 Song Ho Industrial Co and its competitors. This is 14% above median its historical median of 4.04. Over the past decade, Song Ho Industrial Co's Days Payable has ranged from 3.36 to 7.50. According to the industry distribution chart, Song Ho Industrial Co ranks #572 out of 597 companies in the Steel industry, placing it in the top 95.8%.
Is Song Ho Industrial Co's Days Payable too high?
Song Ho Industrial Co's current Days Payable of 4.62 is 14% above median its 10-year median of 4.04. Over the past 10 years, this metric has ranged from a low of 3.36 to a high of 7.50. The Steel industry median Days Payable is 41.39. Song Ho Industrial Co's value of 4.62 is 88.8% below this industry median. Based on the distribution chart, Song Ho Industrial Co ranks #572 out of 597 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Song Ho Industrial Co has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Song Ho Industrial Co's Days Payable compare to NUE and STLD?
According to the Steel industry distribution chart, Song Ho Industrial Co ranks #572 out of 597 companies for Days Payable. This places Song Ho Industrial Co in the lower half of its industry. The industry median Days Payable is 41.39. Song Ho Industrial Co's value of 4.62 is 88.8% below this benchmark. Historically, Song Ho Industrial Co's own Days Payable has ranged from 3.36 to 7.50 over the past decade. While the company's 10-year median is 4.04 vs. the industry median of 41.39, Song Ho Industrial 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 Steel company?
The median Days Payable among Steel companies is 41.39, based on 597 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. Song Ho Industrial Co's current Days Payable of 4.62 is 88.8% 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 Song Ho Industrial Co and its competitors. For the Steel industry, the median Days Payable is 41.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Song Ho Industrial Co's current Days Payable is 4.62, which is 14% above median its own 10-year median of 4.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Song Ho Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Song Ho Industrial Co (ROCO:5016) is currently considered Fairly Valued. The stock's GF Value™ is NT$26.43, compared to a current price of NT$24.05 — trading 9% below its estimated fair value. The current Days Payable is 4.62, which is 14% above median its 10-year median of 4.04 and 88.8% below the Steel industry median of 41.39. Song Ho Industrial Co's overall GF Score™ is 68/100 with 6 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 Song Ho Industrial Co (ROCO:5016), the current Days Payable is 4.62 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 Song Ho Industrial Co (ROCO:5016) Overvalued in 2026?

Based on GuruFocus' analysis, Song Ho Industrial Co stock appears to be undervalued. The current stock price of NT$24.05 is trading 9% below its estimated GF Value™ of NT$26.43. GuruFocus considers Song Ho Industrial Co to be Fairly Valued.

Key valuation signals for ROCO:5016:

  • Days Payable: 4.62 (14% above median its 10-year median of 4.04)
  • GF Value™: NT$26.43 vs. price of NT$24.05 (9% below fair value)
  • GF Score™: 68/100 with 6 warning signs
  • Industry Position: 88.8% below the Steel median (#572 of 597)

No single metric tells the full story. See the ROCO:5016 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Song Ho Industrial Co Business Description

Address No.61, Nankong 3 Road, Nantou Hsien, Nantou, TWN
Song Ho Industrial Co Ltd manufactures and sells steel products. It offers machine, steel wire, galvanized steel wire strand, steel wire rope, cold-drawn steel bar, spheroidized wire, water-control gate machinery.
68GF Score

Get the complete analysis for ROCO:5016

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

NT$24.05
Price
NT$26.43
GF Value