Ta Chan Securities Co (ROCO:6020) Days Payable: 16,558.69 (As of Mar. 2026) — 13% Above Median

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ROCO:6020 Ta Chan Securities Co Ltd ROCO:6020
51 GF Score
Price NT$20.85
! 5 Warning Signs
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What is Ta Chan Securities Co Days Payable?

Ta Chan Securities Co ROCO:6020 +0.72% 51 Days Payable is 16,558.69 as of Mar. 2026, which is 13% above its 10-year median of 14,699.93. GuruFocus rates ROCO:6020 with a GF Score™ of 51/100. The stock has 5 warning signs investors should review. Among 533 Capital Markets companies, Ta Chan Securities Co ranks better than 97.75% on this metric.

Ta Chan Securities Co's average Accounts Payable for the three months ended in Mar. 2026 was NT$627.1 Mil. Ta Chan Securities Co's Cost of Goods Sold for the three months ended in Mar. 2026 was NT$3.5 Mil. Hence, Ta Chan Securities Co's Days Payable for the three months ended in Mar. 2026 was 16,558.69.

The historical rank and industry rank for Ta Chan Securities Co's Days Payable or its related term are showing as below:

ROCO:6020' s Days Payable Range Over the Past 10 Years
Min: 7938.19   Med: 14699.93   Max: 22878.62
Current: 15416.33

During the past 13 years, Ta Chan Securities Co's highest Days Payable was 22878.62. The lowest was 7938.19. And the median was 14699.93.

ROCO:6020's Days Payable is ranked better than
97.75% of 533 companies
in the Capital Markets industry
Industry Median: 96.57 vs ROCO:6020: 15416.33

Ta Chan Securities Co's Days Payable increased from Mar. 2025 (15,874.00) to Mar. 2026 (16,558.69). It may suggest that Ta Chan Securities Co delayed paying its suppliers.


Ta Chan Securities Co Days Payable Historical Data

* Premium members only.

The historical data trend for Ta Chan Securities 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.

Ta Chan Securities Co Days Payable Chart

Ta Chan Securities 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 15,553.57 22,878.62 13,846.28 12,515.18 18,458.51

Ta Chan Securities Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 15,874.00 17,608.15 12,110.65 15,388.14 16,558.69

ROCO:6020 vs MS, GS, SCHW: Days Payable Comparison

For the Capital Markets subindustry, Ta Chan Securities 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.


Ta Chan Securities Co Days Payable vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Ta Chan Securities Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Ta Chan Securities Co's Days Payable falls into.


ROCO:6020
51GF Score
Ta Chan Securities Co Ltd ROCO:6020
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Ta Chan Securities 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.

Ta Chan Securities 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
=( (310.928 + 591.061) / 2 ) / 8.918*365
=450.9945 / 8.918*365
=18,458.51

Ta Chan Securities Co's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (591.061 + 663.226) / 2 ) / 3.456*365 / 4
=627.1435 / 3.456*365 / 4
=16,558.69

* 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 16,558.69 mean?
Ta Chan Securities Co (ROCO:6020) has a Days Payable of 16,558.69 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Ta Chan Securities Co and its competitors. This is 13% above median its historical median of 14,699.93. Over the past decade, Ta Chan Securities Co's Days Payable has ranged from 7,938.19 to 22,878.62. According to the industry distribution chart, Ta Chan Securities Co ranks #12 out of 533 companies in the Capital Markets industry, placing it in the top 2.3%.
Is Ta Chan Securities Co's Days Payable too high?
Ta Chan Securities Co's current Days Payable of 16,558.69 is 13% above median its 10-year median of 14,699.93. Over the past 10 years, this metric has ranged from a low of 7,938.19 to a high of 22,878.62. The Capital Markets industry median Days Payable is 96.57. Ta Chan Securities Co's value of 16,558.69 is 17046.8% above this industry median. Based on the distribution chart, Ta Chan Securities Co ranks #12 out of 533 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Ta Chan Securities Co has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does Ta Chan Securities Co's Days Payable compare to MS and GS?
According to the Capital Markets industry distribution chart, Ta Chan Securities Co ranks #12 out of 533 companies for Days Payable. This places Ta Chan Securities Co in the top 2% of its industry — outperforming the majority of peers. The industry median Days Payable is 96.57. Ta Chan Securities Co's value of 16,558.69 is 17046.8% above this benchmark. Historically, Ta Chan Securities Co's own Days Payable has ranged from 7,938.19 to 22,878.62 over the past decade. While the company's 10-year median is 14,699.93 vs. the industry median of 96.57, Ta Chan Securities 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 Capital Markets company?
The median Days Payable among Capital Markets companies is 96.57, based on 533 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. Ta Chan Securities Co's current Days Payable of 16,558.69 is 17046.8% 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 Ta Chan Securities Co and its competitors. For the Capital Markets industry, the median Days Payable is 96.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ta Chan Securities Co's current Days Payable is 16,558.69, which is 13% above median its own 10-year median of 14,699.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ta Chan Securities Co stock overvalued right now?
Ta Chan Securities Co (ROCO:6020) has a current Days Payable of 16,558.69. The current Days Payable is 16,558.69, which is 13% above median its 10-year median of 14,699.93 and 17046.8% above the Capital Markets industry median of 96.57. Ta Chan Securities Co's overall GF Score™ is 51/100 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 Ta Chan Securities Co (ROCO:6020), the current Days Payable is 16,558.69 as of Mar. 2026. 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.

Ta Chan Securities Co Business Description

Address No. 17, Section 1, Chengde Road, Datong District, 17th Floor, Taipei, TWN, 10351
Ta Chan Securities Co Ltd is a securities service provider institution. The company is engaged in brokerage, trade, and underwriting of securities, futures, and margin trading. It is also involved in the securities lending business. Its segments include Brokerage Department, Investment Banking Department, Proprietary Trading Department, and Other Departments. It generates the majority of its revenue from the Proprietary Trading business.
51GF Score

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