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Te ChangROCO:5511 +1.77%87 Days Payable is 85.83 as of Dec. 2025, which is 3% below its 10-year median of 88.40. GuruFocus rates ROCO:5511 with a GF Score™ of 87/100 and a GF Value™ of NT$62.59 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,716 Construction companies, Te Chang ranks better than 60.96% on this metric.
Te Chang's average Accounts Payable for the
three
months ended in Dec. 2025 was NT$2,632 Mil. Te Chang's Cost of Goods Sold for the
three
months ended in Dec. 2025 was NT$2,798 Mil.
Hence, Te Chang's Days Payable for the
three
months ended in Dec. 2025 was 85.83.
The historical rank and industry rank for Te Chang's Days Payable or its related term are showing as below:
ROCO:5511'
s Days Payable Range Over the Past 10 Years
Min: 74.74 Med: 88.4 Max: 102.67
Current: 98.75
During the past 13 years, Te Chang's highest Days Payable was 102.67. The lowest was 74.74. And the median was 88.40.
ROCO:5511's Days Payable is ranked better than 60.96% of 1716
companies
in the Construction industry
Industry Median: 76.55
vs ROCO:5511: 98.75
Te Chang's Days Payable
declined
from Dec. 2024 (87.19) to Dec. 2025 (85.83).
It may suggest that Te Changaccelerated paying its suppliers.
Te Chang Days Payable Related Terms
Te Chang Days Payable Historical Data
* Premium members only.
The historical data trend for Te Chang'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:5511 vs PWR, FIX, EME: Days Payable Comparison
For the Engineering & Construction subindustry, Te Chang'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.
Te Chang Days Payable vs Construction Industry
For the Construction industry and Industrials sector, Te Chang's Days Payable distribution charts can be found below:
* The bar in red indicates where Te Chang'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.
Te Chang'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.
Te Chang (ROCO:5511) has a Days Payable of 85.83 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 Te Chang and its competitors. This is near median its historical median of 88.40. Over the past decade, Te Chang's Days Payable has ranged from 74.74 to 102.67. According to the industry distribution chart, Te Chang ranks #670 out of 1716 companies in the Construction industry, placing it in the top 39%.
Is Te Chang's Days Payable too high?
Te Chang's current Days Payable of 85.83 is near median its 10-year median of 88.40. Over the past 10 years, this metric has ranged from a low of 74.74 to a high of 102.67. The Construction industry median Days Payable is 76.55. Te Chang's value of 85.83 is 12.1% above this industry median. Based on the distribution chart, Te Chang ranks #670 out of 1716 companies in the Construction industry, which is above the industry midpoint. Overall, Te Chang has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Te Chang's Days Payable compare to PWR and FIX?
According to the Construction industry distribution chart, Te Chang ranks #670 out of 1716 companies for Days Payable. This puts Te Chang in the upper half of its industry. The industry median Days Payable is 76.55. Te Chang's value of 85.83 is 12.1% above this benchmark. Historically, Te Chang's own Days Payable has ranged from 74.74 to 102.67 over the past decade. While the company's 10-year median is 88.40 vs. the industry median of 76.55, Te Chang 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 Construction company?
The median Days Payable among Construction companies is 76.55, based on 1,716 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. Te Chang's current Days Payable of 85.83 is 12.1% 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 Te Chang and its competitors. For the Construction industry, the median Days Payable is 76.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Te Chang's current Days Payable is 85.83, which is near median its own 10-year median of 88.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Te Chang stock overvalued right now?
Based on GuruFocus' analysis, Te Chang (ROCO:5511) is currently considered Fairly Valued. The stock's GF Value™ is NT$62.59, compared to a current price of NT$69.10 — trading 10.4% above its estimated fair value. The current Days Payable is 85.83, which is near median its 10-year median of 88.40 and 12.1% above the Construction industry median of 76.55. Te Chang's overall GF Score™ is 87/100 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 Te Chang (ROCO:5511), the current Days Payable is 85.83 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 Te Chang (ROCO:5511) Overvalued in 2026?
Based on GuruFocus' analysis, Te Chang stock appears to be overvalued.
The current stock price of NT$69.10 is trading 10.4% above its estimated GF Value™ of NT$62.59.
GuruFocus considers Te Chang to be Fairly Valued.
Key valuation signals for ROCO:5511:
Days Payable: 85.83 (near median its 10-year median of 88.40)
GF Value™: NT$62.59 vs. price of NT$69.10 (10.4% above fair value)
Industry Position: 12.1% above the Construction median (#670 of 1716)
No single metric tells the full story. See the ROCO:5511 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Te Chang main business operations include contracting for construction and civil engineering projects. The Group is engaged in the construction and real estate leasing business and is a single reportable segment. The company has presence in Taiwan, and Thailand. The company generates majority of revenue from Taiwan. The company's projects are Hospital Project, School Project, social housing, Factory building project, Commercial buildings, office building, civil Engineering, Other projects.
87GF Score
Get the complete analysis for ROCO:5511
Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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