What is Formosa Optical Technology Co Days Payable?
Formosa Optical Technology CoROCO:5312 82 Days Payable is 33.94 as of Dec. 2025, which is 83% above its 10-year median of 18.58. GuruFocus rates ROCO:5312 with a GF Score™ of 82/100 and a GF Value™ of NT$108.80 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 796 Medical Devices & Instruments companies, Formosa Optical Technology Co ranks worse than 75.13% on this metric.
The historical rank and industry rank for Formosa Optical Technology Co's Days Payable or its related term are showing as below:
ROCO:5312'
s Days Payable Range Over the Past 10 Years
Min: 13.53 Med: 18.58 Max: 41
Current: 41
During the past 13 years, Formosa Optical Technology Co's highest Days Payable was 41.00. The lowest was 13.53. And the median was 18.58.
ROCO:5312's Days Payable is ranked worse than 75.13% of 796
companies
in the Medical Devices & Instruments industry
Industry Median: 67.97
vs ROCO:5312: 41.00
* 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.
ROCO:5312 vs ISRG, BDX, MDLN: Days Payable Comparison
For the Medical Instruments & Supplies subindustry, Formosa Optical Technology 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.
Formosa Optical Technology Co Days Payable vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Formosa Optical Technology Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Formosa Optical Technology Co's Days Payable falls into.
Formosa Optical Technology 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.
* 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.
Formosa Optical Technology Co (ROCO:5312) has a Days Payable of 33.94 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 Formosa Optical Technology Co and its competitors. This is 83% above median its historical median of 18.58. Over the past decade, Formosa Optical Technology Co's Days Payable has ranged from 13.53 to 41.00. According to the industry distribution chart, Formosa Optical Technology Co ranks #598 out of 796 companies in the Medical Devices & Instruments industry, placing it in the top 75.1%.
Is Formosa Optical Technology Co's Days Payable too high?
Formosa Optical Technology Co's current Days Payable of 33.94 is 83% above median its 10-year median of 18.58. Over the past 10 years, this metric has ranged from a low of 13.53 to a high of 41.00. The Medical Devices & Instruments industry median Days Payable is 67.97. Formosa Optical Technology Co's value of 33.94 is 50.1% below this industry median. Based on the distribution chart, Formosa Optical Technology Co ranks #598 out of 796 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Formosa Optical Technology Co has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Formosa Optical Technology Co's Days Payable compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Formosa Optical Technology Co ranks #598 out of 796 companies for Days Payable. This places Formosa Optical Technology Co in the lower half of its industry. The industry median Days Payable is 67.97. Formosa Optical Technology Co's value of 33.94 is 50.1% below this benchmark. Historically, Formosa Optical Technology Co's own Days Payable has ranged from 13.53 to 41.00 over the past decade. While the company's 10-year median is 18.58 vs. the industry median of 67.97, Formosa Optical Technology 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 Medical Devices & Instruments company?
The median Days Payable among Medical Devices & Instruments companies is 67.97, based on 796 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. Formosa Optical Technology Co's current Days Payable of 33.94 is 50.1% 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 Formosa Optical Technology Co and its competitors. For the Medical Devices & Instruments industry, the median Days Payable is 67.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Formosa Optical Technology Co's current Days Payable is 33.94, which is 83% above median its own 10-year median of 18.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Formosa Optical Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Formosa Optical Technology Co (ROCO:5312) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$108.80, compared to a current price of NT$88.70 — trading 18.5% below its estimated fair value. The current Days Payable is 33.94, which is 83% above median its 10-year median of 18.58 and 50.1% below the Medical Devices & Instruments industry median of 67.97. Formosa Optical Technology Co's overall GF Score™ is 82/100 with 4 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 Formosa Optical Technology Co (ROCO:5312), the current Days Payable is 33.94 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 Formosa Optical Technology Co (ROCO:5312) Overvalued in 2026?
Based on GuruFocus' analysis, Formosa Optical Technology Co stock appears to be undervalued.
The current stock price of NT$88.70 is trading 18.5% below its estimated GF Value™ of NT$108.80.
GuruFocus considers Formosa Optical Technology Co to be Modestly Undervalued.
Key valuation signals for ROCO:5312:
Days Payable: 33.94 (83% above median its 10-year median of 18.58)
GF Value™: NT$108.80 vs. price of NT$88.70 (18.5% below fair value)
Industry Position: 50.1% below the Medical Devices & Instruments median (#598 of 796)
No single metric tells the full story. See the ROCO:5312 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Formosa Optical Technology Co Business Description
Formosa Optical Technology Co Ltd is mainly engaged in the eyewear business, including optometry services and the retail business selling contact lenses and eye drops. The Group mainly derives revenue from the business divisions of Formosa Optical Technology and Bo Wei Optical, with Formosa Optical Technology generating maximum revenue. The majority of revenue is derived from the sale of glasses. The Group generates the majority of its revenue from Taiwan.
82GF Score
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