Horng Tong Enterprise Co (ROCO:5271) Days Payable: 99.44 (As of Dec. 2025) — 20% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:5271 Horng Tong Enterprise Co Ltd ROCO:5271
50 GF Score
Price NT$13.85
GF Value NT$8.86
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Horng Tong Enterprise Co Days Payable?

Horng Tong Enterprise Co ROCO:5271 -2.12% 50 Days Payable is 99.44 as of Dec. 2025, which is 20% below its 10-year median of 123.63. GuruFocus rates ROCO:5271 with a GF Score™ of 50/100 and a GF Value™ of NT$8.86 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,445 Hardware companies, Horng Tong Enterprise Co ranks better than 68.43% on this metric.

Horng Tong Enterprise Co's average Accounts Payable for the six months ended in Dec. 2025 was NT$141.1 Mil. Horng Tong Enterprise Co's Cost of Goods Sold for the six months ended in Dec. 2025 was NT$259.0 Mil. Hence, Horng Tong Enterprise Co's Days Payable for the six months ended in Dec. 2025 was 99.44.

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

ROCO:5271' s Days Payable Range Over the Past 10 Years
Min: 99.17   Med: 123.63   Max: 157.34
Current: 100.62

During the past 13 years, Horng Tong Enterprise Co's highest Days Payable was 157.34. The lowest was 99.17. And the median was 123.63.

ROCO:5271's Days Payable is ranked better than
68.43% of 2445 companies
in the Hardware industry
Industry Median: 70.06 vs ROCO:5271: 100.62

Horng Tong Enterprise Co's Days Payable declined from Dec. 2024 (108.67) to Dec. 2025 (99.44). It may suggest that Horng Tong Enterprise Co accelerated paying its suppliers.


Horng Tong Enterprise Co Days Payable Historical Data

* Premium members only.

The historical data trend for Horng Tong Enterprise 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.

Horng Tong Enterprise Co Days Payable Chart

Horng Tong Enterprise 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 147.61 157.34 140.62 120.24 99.17

Horng Tong Enterprise Co 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 128.17 129.82 108.67 103.35 99.44

ROCO:5271 vs SNDK, DELL, STX: Days Payable Comparison

For the Computer Hardware subindustry, Horng Tong Enterprise 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.


Horng Tong Enterprise Co Days Payable vs Hardware Industry

For the Hardware industry and Technology sector, Horng Tong Enterprise Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Horng Tong Enterprise Co's Days Payable falls into.


ROCO:5271
50GF Score
Horng Tong Enterprise Co Ltd ROCO:5271
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Horng Tong Enterprise 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.

Horng Tong Enterprise 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
=( (136.467 + 138.657) / 2 ) / 506.293*365
=137.562 / 506.293*365
=99.17

Horng Tong Enterprise 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: Jun. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (143.607 + 138.657) / 2 ) / 259.017*365 / 2
=141.132 / 259.017*365 / 2
=99.44

* 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 99.44 mean?
Horng Tong Enterprise Co (ROCO:5271) has a Days Payable of 99.44 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 Horng Tong Enterprise Co and its competitors. This is 20% below median its historical median of 123.63. Over the past decade, Horng Tong Enterprise Co's Days Payable has ranged from 99.17 to 157.34. According to the industry distribution chart, Horng Tong Enterprise Co ranks #772 out of 2445 companies in the Hardware industry, placing it in the top 31.6%.
Is Horng Tong Enterprise Co's Days Payable too high?
Horng Tong Enterprise Co's current Days Payable of 99.44 is 20% below median its 10-year median of 123.63. Over the past 10 years, this metric has ranged from a low of 99.17 to a high of 157.34. The Hardware industry median Days Payable is 70.06. Horng Tong Enterprise Co's value of 99.44 is 41.9% above this industry median. Based on the distribution chart, Horng Tong Enterprise Co ranks #772 out of 2445 companies in the Hardware industry, which is above the industry midpoint. Overall, Horng Tong Enterprise Co has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Horng Tong Enterprise Co's Days Payable compare to SNDK and DELL?
According to the Hardware industry distribution chart, Horng Tong Enterprise Co ranks #772 out of 2445 companies for Days Payable. This puts Horng Tong Enterprise Co in the upper half of its industry. The industry median Days Payable is 70.06. Horng Tong Enterprise Co's value of 99.44 is 41.9% above this benchmark. Historically, Horng Tong Enterprise Co's own Days Payable has ranged from 99.17 to 157.34 over the past decade. While the company's 10-year median is 123.63 vs. the industry median of 70.06, Horng Tong Enterprise 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 Hardware company?
The median Days Payable among Hardware companies is 70.06, based on 2,445 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. Horng Tong Enterprise Co's current Days Payable of 99.44 is 41.9% 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 Horng Tong Enterprise Co and its competitors. For the Hardware industry, the median Days Payable is 70.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horng Tong Enterprise Co's current Days Payable is 99.44, which is 20% below median its own 10-year median of 123.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horng Tong Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Horng Tong Enterprise Co (ROCO:5271) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$8.86, compared to a current price of NT$13.85 — trading 56.3% above its estimated fair value. The current Days Payable is 99.44, which is 20% below median its 10-year median of 123.63 and 41.9% above the Hardware industry median of 70.06. Horng Tong Enterprise Co's overall GF Score™ is 50/100 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 Horng Tong Enterprise Co (ROCO:5271), the current Days Payable is 99.44 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 Horng Tong Enterprise Co (ROCO:5271) Overvalued in 2026?

Based on GuruFocus' analysis, Horng Tong Enterprise Co stock appears to be overvalued. The current stock price of NT$13.85 is trading 56.3% above its estimated GF Value™ of NT$8.86. GuruFocus considers Horng Tong Enterprise Co to be Significantly Overvalued.

Key valuation signals for ROCO:5271:

  • Days Payable: 99.44 (20% below median its 10-year median of 123.63)
  • GF Value™: NT$8.86 vs. price of NT$13.85 (56.3% above fair value)
  • GF Score™: 50/100 with 5 warning signs
  • Industry Position: 41.9% above the Hardware median (#772 of 2445)

No single metric tells the full story. See the ROCO:5271 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Horng Tong Enterprise Co Business Description

Address 3F Unit 7-8, Zhong-Xing Road, Section 1, Wugo District, New Taipei City, TWN, 248
Horng Tong Enterprise Co Ltd is a Taiwan based connector provider company. The company is engaged in designing, manufacturing and sales of consumer electronics products. Its main products include Motherboard, Notebook, connectors and TV/SET TOP BOX.
50GF Score

Get the complete analysis for ROCO:5271

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

NT$13.85
Price
NT$8.86
GF Value