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Good Finance Securities CoROCO:6021 -2.94%64 Days Payable is 22,508.00 as of Dec. 2025, which is 47% above its 10-year median of 15,304.26. GuruFocus rates ROCO:6021 with a GF Score™ of 64/100 and a GF Value™ of NT$24.60 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 541 Capital Markets companies, Good Finance Securities Co ranks better than 98.15% on this metric.
* 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:6021 vs MS, GS, SCHW: Days Payable Comparison
For the Capital Markets subindustry, Good Finance 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.
Good Finance Securities Co Days Payable vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Good Finance Securities Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Good Finance Securities Co's Days Payable falls into.
Good Finance 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.
* 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.
Good Finance Securities Co (ROCO:6021) has a Days Payable of 22,508.00 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 Good Finance Securities Co and its competitors. This is 47% above median its historical median of 15,304.26. Over the past decade, Good Finance Securities Co's Days Payable has ranged from 11,819.21 to 22,212.14. According to the industry distribution chart, Good Finance Securities Co ranks #10 out of 541 companies in the Capital Markets industry, placing it in the top 1.8%.
Is Good Finance Securities Co's Days Payable too high?
Good Finance Securities Co's current Days Payable of 22,508.00 is 47% above median its 10-year median of 15,304.26. Over the past 10 years, this metric has ranged from a low of 11,819.21 to a high of 22,212.14. The Capital Markets industry median Days Payable is 88.46. Good Finance Securities Co's value of 22,508.00 is 25344.3% above this industry median. Based on the distribution chart, Good Finance Securities Co ranks #10 out of 541 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Good Finance Securities Co has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Good Finance Securities Co's Days Payable compare to MS and GS?
According to the Capital Markets industry distribution chart, Good Finance Securities Co ranks #10 out of 541 companies for Days Payable. This places Good Finance Securities Co in the top 2% of its industry — outperforming the majority of peers. The industry median Days Payable is 88.46. Good Finance Securities Co's value of 22,508.00 is 25344.3% above this benchmark. Historically, Good Finance Securities Co's own Days Payable has ranged from 11,819.21 to 22,212.14 over the past decade. While the company's 10-year median is 15,304.26 vs. the industry median of 88.46, Good Finance 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 88.46, based on 541 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. Good Finance Securities Co's current Days Payable of 22,508.00 is 25344.3% 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 Good Finance Securities Co and its competitors. For the Capital Markets industry, the median Days Payable is 88.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Good Finance Securities Co's current Days Payable is 22,508.00, which is 47% above median its own 10-year median of 15,304.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Good Finance Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Good Finance Securities Co (ROCO:6021) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$24.60, compared to a current price of NT$36.35 — trading 47.8% above its estimated fair value. The current Days Payable is 22,508.00, which is 47% above median its 10-year median of 15,304.26 and 25344.3% above the Capital Markets industry median of 88.46. Good Finance Securities Co's overall GF Score™ is 64/100 with 9 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 Good Finance Securities Co (ROCO:6021), the current Days Payable is 22,508.00 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 Good Finance Securities Co (ROCO:6021) Overvalued in 2026?
Based on GuruFocus' analysis, Good Finance Securities Co stock appears to be overvalued.
The current stock price of NT$36.35 is trading 47.8% above its estimated GF Value™ of NT$24.60.
GuruFocus considers Good Finance Securities Co to be Significantly Overvalued.
Key valuation signals for ROCO:6021:
Days Payable: 22,508.00 (47% above median its 10-year median of 15,304.26)
GF Value™: NT$24.60 vs. price of NT$36.35 (47.8% above fair value)
Industry Position: 25344.3% above the Capital Markets median (#10 of 541)
No single metric tells the full story. See the ROCO:6021 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Good Finance Securities Co Ltd is a security company. The company operates its businesses through security brokerage, proprietary business, and underwriting, and hedging business. The company provides its services to individuals and corporate clients. The reportable segments of the Group are Client partner segment, Investment segment, Investment bank segment, Futures segment and others. Majority of revenue is generated from Investment segment. Investment segment is responsible for securities dealing, bonds dealing, trading of financial instruments relating to interest rate and bills and bonds under repurchase or resale agreements followed by Client partner segment, Futures segment, and Investment bank segment.
64GF Score
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