Vate Technology (ROCO:5344) Days Payable: 2.48 (As of Dec. 2025) — 218% Above 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:5344 Vate Technology Corp Ltd ROCO:5344
64 GF Score
Price NT$16.20
GF Value NT$20.22
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Vate Technology Days Payable?

Vate Technology ROCO:5344 +3.18% 64 Days Payable is 2.48 as of Dec. 2025, which is 218% above its 10-year median of 0.78. GuruFocus rates ROCO:5344 with a GF Score™ of 64/100 and a GF Value™ of NT$20.22 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 999 Semiconductors companies, Vate Technology ranks worse than 99.3% on this metric.

Vate Technology's average Accounts Payable for the three months ended in Dec. 2025 was NT$2.3 Mil. Vate Technology's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$84.7 Mil. Hence, Vate Technology's Days Payable for the three months ended in Dec. 2025 was 2.48.

The historical rank and industry rank for Vate Technology's Days Payable or its related term are showing as below:

ROCO:5344' s Days Payable Range Over the Past 10 Years
Min: 0.07   Med: 0.78   Max: 8.05
Current: 3.42

During the past 13 years, Vate Technology's highest Days Payable was 8.05. The lowest was 0.07. And the median was 0.78.

ROCO:5344's Days Payable is ranked worse than
99.3% of 999 companies
in the Semiconductors industry
Industry Median: 53.06 vs ROCO:5344: 3.42

Vate Technology's Days Payable increased from Dec. 2024 (0.22) to Dec. 2025 (2.48). It may suggest that Vate Technology delayed paying its suppliers.


Vate Technology Days Payable Historical Data

* Premium members only.

The historical data trend for Vate Technology'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.

Vate Technology Days Payable Chart

Vate Technology 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 7.92 1.68 1.31 0.07 0.89

Vate Technology 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 0.22 0.01 8.40 5.69 2.48

ROCO:5344 vs NVDA, AVGO, MU: Days Payable Comparison

For the Semiconductors subindustry, Vate Technology'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.


Vate Technology Days Payable vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Vate Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where Vate Technology's Days Payable falls into.


ROCO:5344
64GF Score
Vate Technology Corp Ltd ROCO:5344
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vate Technology 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.

Vate Technology'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
=( (0.008 + 1.556) / 2 ) / 320.786*365
=0.782 / 320.786*365
=0.89

Vate Technology'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
=( (3.051 + 1.556) / 2 ) / 84.66*365 / 4
=2.3035 / 84.66*365 / 4
=2.48

* 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 2.48 mean?
Vate Technology (ROCO:5344) has a Days Payable of 2.48 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 Vate Technology and its competitors. This is 218% above median its historical median of 0.78. Over the past decade, Vate Technology's Days Payable has ranged from 0.07 to 8.05. According to the industry distribution chart, Vate Technology ranks #992 out of 999 companies in the Semiconductors industry, placing it in the top 99.3%.
Is Vate Technology's Days Payable too high?
Vate Technology's current Days Payable of 2.48 is 218% above median its 10-year median of 0.78. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 8.05. The Semiconductors industry median Days Payable is 53.06. Vate Technology's value of 2.48 is 95.3% below this industry median. Based on the distribution chart, Vate Technology ranks #992 out of 999 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Vate Technology has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vate Technology's Days Payable compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Vate Technology ranks #992 out of 999 companies for Days Payable. This places Vate Technology in the lower half of its industry. The industry median Days Payable is 53.06. Vate Technology's value of 2.48 is 95.3% below this benchmark. Historically, Vate Technology's own Days Payable has ranged from 0.07 to 8.05 over the past decade. While the company's 10-year median is 0.78 vs. the industry median of 53.06, Vate Technology 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 Semiconductors company?
The median Days Payable among Semiconductors companies is 53.06, based on 999 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. Vate Technology's current Days Payable of 2.48 is 95.3% 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 Vate Technology and its competitors. For the Semiconductors industry, the median Days Payable is 53.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vate Technology's current Days Payable is 2.48, which is 218% above median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vate Technology stock overvalued right now?
Based on GuruFocus' analysis, Vate Technology (ROCO:5344) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$20.22, compared to a current price of NT$16.20 — trading 19.9% below its estimated fair value. The current Days Payable is 2.48, which is 218% above median its 10-year median of 0.78 and 95.3% below the Semiconductors industry median of 53.06. Vate Technology's overall GF Score™ is 64/100 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 Vate Technology (ROCO:5344), the current Days Payable is 2.48 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 Vate Technology (ROCO:5344) Overvalued in 2026?

Based on GuruFocus' analysis, Vate Technology stock appears to be undervalued. The current stock price of NT$16.20 is trading 19.9% below its estimated GF Value™ of NT$20.22. GuruFocus considers Vate Technology to be Modestly Undervalued.

Key valuation signals for ROCO:5344:

  • Days Payable: 2.48 (218% above median its 10-year median of 0.78)
  • GF Value™: NT$20.22 vs. price of NT$16.20 (19.9% below fair value)
  • GF Score™: 64/100 with 6 warning signs
  • Industry Position: 95.3% below the Semiconductors median (#992 of 999)

No single metric tells the full story. See the ROCO:5344 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vate Technology Business Description

Address No. 9, Lixing 5th Road, Science-Based Industrial Park, Hsinchu, TWN
Vate Technology Corp Ltd is engaged in providing integrated circuit chip testing services and the trading of lighting equipment and fixtures. The company's services include CP testing service, FT Testing Service, SLT Testing Service, CIS Testing Service, and Back End Service. It operates in single segment of testing and processing of electronic components and the sales of lighting fixtures, using testing equipment to provide IC and wafer testing services and LED lighting fixture sales and installation services. Geographically it operates in Taiwan.
64GF Score

Get the complete analysis for ROCO:5344

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

NT$16.20
Price
NT$20.22
GF Value