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.
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.
Mustang IndustrialROCO:5460 -0.30%61 Days Payable is 55.46 as of Dec. 2025, which is 10% below its 10-year median of 61.85. GuruFocus rates ROCO:5460 with a GF Score™ of 61/100 and a GF Value™ of NT$9.63 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,991 Industrial Products companies, Mustang Industrial ranks worse than 63.82% on this metric.
The historical rank and industry rank for Mustang Industrial's Days Payable or its related term are showing as below:
ROCO:5460'
s Days Payable Range Over the Past 10 Years
Min: 47.01 Med: 61.85 Max: 74.83
Current: 57.5
During the past 13 years, Mustang Industrial's highest Days Payable was 74.83. The lowest was 47.01. And the median was 61.85.
ROCO:5460's Days Payable is ranked worse than 63.82% of 2991
companies
in the Industrial Products industry
Industry Median: 77.97
vs ROCO:5460: 57.50
Mustang Industrial's Days Payable
increased
from Dec. 2024 (53.44) to Dec. 2025 (55.46).
It may suggest that Mustang Industrialdelayed paying its suppliers.
Mustang Industrial Days Payable Related Terms
Mustang Industrial Days Payable Historical Data
* Premium members only.
The historical data trend for Mustang Industrial'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.
ROCO:5460 vs CRS, ATI, MLI: Days Payable Comparison
For the Metal Fabrication subindustry, Mustang Industrial'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.
Mustang Industrial Days Payable vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mustang Industrial's Days Payable distribution charts can be found below:
* The bar in red indicates where Mustang Industrial's Days Payable falls into.
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.
Mustang Industrial's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Mustang Industrial (ROCO:5460) has a Days Payable of 55.46 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 Mustang Industrial and its competitors. This is 10% below median its historical median of 61.85. Over the past decade, Mustang Industrial's Days Payable has ranged from 47.01 to 74.83. According to the industry distribution chart, Mustang Industrial ranks #1909 out of 2991 companies in the Industrial Products industry, placing it in the top 63.8%.
Is Mustang Industrial's Days Payable too high?
Mustang Industrial's current Days Payable of 55.46 is 10% below median its 10-year median of 61.85. Over the past 10 years, this metric has ranged from a low of 47.01 to a high of 74.83. The Industrial Products industry median Days Payable is 77.97. Mustang Industrial's value of 55.46 is 28.9% below this industry median. Based on the distribution chart, Mustang Industrial ranks #1909 out of 2991 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Mustang Industrial has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mustang Industrial's Days Payable compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Mustang Industrial ranks #1909 out of 2991 companies for Days Payable. This places Mustang Industrial in the lower half of its industry. The industry median Days Payable is 77.97. Mustang Industrial's value of 55.46 is 28.9% below this benchmark. Historically, Mustang Industrial's own Days Payable has ranged from 47.01 to 74.83 over the past decade. While the company's 10-year median is 61.85 vs. the industry median of 77.97, Mustang Industrial 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 77.97, based on 2,991 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. Mustang Industrial's current Days Payable of 55.46 is 28.9% 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 Mustang Industrial and its competitors. For the Industrial Products industry, the median Days Payable is 77.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mustang Industrial's current Days Payable is 55.46, which is 10% below median its own 10-year median of 61.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mustang Industrial stock overvalued right now?
Based on GuruFocus' analysis, Mustang Industrial (ROCO:5460) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$9.63, compared to a current price of NT$16.60 — trading 72.4% above its estimated fair value. The current Days Payable is 55.46, which is 10% below median its 10-year median of 61.85 and 28.9% below the Industrial Products industry median of 77.97. Mustang Industrial's overall GF Score™ is 61/100 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 Mustang Industrial (ROCO:5460), the current Days Payable is 55.46 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 Mustang Industrial (ROCO:5460) Overvalued in 2026?
Based on GuruFocus' analysis, Mustang Industrial stock appears to be overvalued.
The current stock price of NT$16.60 is trading 72.4% above its estimated GF Value™ of NT$9.63.
GuruFocus considers Mustang Industrial to be Significantly Overvalued.
Key valuation signals for ROCO:5460:
Days Payable: 55.46 (10% below median its 10-year median of 61.85)
GF Value™: NT$9.63 vs. price of NT$16.60 (72.4% above fair value)
Industry Position: 28.9% below the Industrial Products median (#1909 of 2991)
No single metric tells the full story. See the ROCO:5460 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mustang Industrial Corp is engaged in the manufacture and distribution of metal stamping components in Taiwan. Its products include shielding frames and metal covers, brackets, chassis, antenna springs, and shielding cans, among others.
61GF Score
Get the complete analysis for ROCO:5460
Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ROCO:5460 has been successfully added to your 
