Reliance Securities Co (ROCO:6027) Days Payable: 11,085.49 (As of Dec. 2025) — 39% Below Median


ROCO:6027 Reliance Securities Co Ltd ROCO:6027
67 GF Score
Price NT$11.65
GF Value NT$12.97
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Reliance Securities Co Days Payable?

Reliance Securities Co ROCO:6027 67 Days Payable is 11,085.49 as of Dec. 2025, which is 39% below its 10-year median of 18,110.63. GuruFocus rates ROCO:6027 with a GF Score™ of 67/100 and a GF Value™ of NT$12.97 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 539 Capital Markets companies, Reliance Securities Co ranks better than 96.85% on this metric.

Reliance Securities Co's average Accounts Payable for the six months ended in Dec. 2025 was NT$531.9 Mil. Reliance Securities Co's Cost of Goods Sold for the six months ended in Dec. 2025 was NT$8.8 Mil. Hence, Reliance Securities Co's Days Payable for the six months ended in Dec. 2025 was 11,085.49.

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

ROCO:6027' s Days Payable Range Over the Past 10 Years
Min: 12940.21   Med: 18110.63   Max: 21720.22
Current: 12940.21

During the past 13 years, Reliance Securities Co's highest Days Payable was 21720.22. The lowest was 12940.21. And the median was 18110.63.

ROCO:6027's Days Payable is ranked better than
96.85% of 539 companies
in the Capital Markets industry
Industry Median: 88.46 vs ROCO:6027: 12940.21

Reliance Securities Co's Days Payable declined from Dec. 2024 (17,557.74) to Dec. 2025 (11,085.49). It may suggest that Reliance Securities Co accelerated paying its suppliers.


Reliance Securities Co Days Payable Historical Data

* Premium members only.

The historical data trend for Reliance 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.

Reliance Securities Co Days Payable Chart

Reliance 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 17,125.68 20,069.19 16,781.53 13,589.80 13,174.75

Reliance Securities Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 18,769.68 19,786.96 17,557.74 16,012.93 11,085.49

ROCO:6027 vs MS, GS, SCHW: Days Payable Comparison

For the Capital Markets subindustry, Reliance 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.


Reliance Securities Co Days Payable vs Capital Markets Industry

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

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


ROCO:6027
67GF Score
Reliance Securities Co Ltd ROCO:6027
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Reliance 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.

Reliance 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
=( (374.769 + 601.606) / 2 ) / 13.525*365
=488.1875 / 13.525*365
=13,174.75

Reliance Securities Co'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: Jun. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (462.115 + 601.606) / 2 ) / 8.756*365 / 2
=531.8605 / 8.756*365 / 2
=11,085.49

* 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 11,085.49 mean?
Reliance Securities Co (ROCO:6027) has a Days Payable of 11,085.49 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 Reliance Securities Co and its competitors. This is 39% below median its historical median of 18,110.63. Over the past decade, Reliance Securities Co's Days Payable has ranged from 12,940.21 to 21,720.22. According to the industry distribution chart, Reliance Securities Co ranks #17 out of 539 companies in the Capital Markets industry, placing it in the top 3.2%.
Is Reliance Securities Co's Days Payable too high?
Reliance Securities Co's current Days Payable of 11,085.49 is 39% below median its 10-year median of 18,110.63. Over the past 10 years, this metric has ranged from a low of 12,940.21 to a high of 21,720.22. The Capital Markets industry median Days Payable is 88.46. Reliance Securities Co's value of 11,085.49 is 12431.6% above this industry median. Based on the distribution chart, Reliance Securities Co ranks #17 out of 539 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Reliance Securities Co has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Reliance Securities Co's Days Payable compare to MS and GS?
According to the Capital Markets industry distribution chart, Reliance Securities Co ranks #17 out of 539 companies for Days Payable. This places Reliance Securities Co in the top 3% of its industry — outperforming the majority of peers. The industry median Days Payable is 88.46. Reliance Securities Co's value of 11,085.49 is 12431.6% above this benchmark. Historically, Reliance Securities Co's own Days Payable has ranged from 12,940.21 to 21,720.22 over the past decade. While the company's 10-year median is 18,110.63 vs. the industry median of 88.46, Reliance 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 539 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. Reliance Securities Co's current Days Payable of 11,085.49 is 12431.6% 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 Reliance 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. Reliance Securities Co's current Days Payable is 11,085.49, which is 39% below median its own 10-year median of 18,110.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reliance Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Reliance Securities Co (ROCO:6027) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$12.97, compared to a current price of NT$11.65 — trading 10.2% below its estimated fair value. The current Days Payable is 11,085.49, which is 39% below median its 10-year median of 18,110.63 and 12431.6% above the Capital Markets industry median of 88.46. Reliance Securities Co's overall GF Score™ is 67/100 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 Reliance Securities Co (ROCO:6027), the current Days Payable is 11,085.49 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 Reliance Securities Co (ROCO:6027) Overvalued in 2026?

Based on GuruFocus' analysis, Reliance Securities Co stock appears to be undervalued. The current stock price of NT$11.65 is trading 10.2% below its estimated GF Value™ of NT$12.97. GuruFocus considers Reliance Securities Co to be Modestly Undervalued.

Key valuation signals for ROCO:6027:

  • Days Payable: 11,085.49 (39% below median its 10-year median of 18,110.63)
  • GF Value™: NT$12.97 vs. price of NT$11.65 (10.2% below fair value)
  • GF Score™: 67/100 with 4 warning signs
  • Industry Position: 12431.6% above the Capital Markets median (#17 of 539)

No single metric tells the full story. See the ROCO:6027 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Reliance Securities Co Business Description

Address Xinsheng South Road, 100 3rd Floor, Number 50, Section 1, Zhongzheng District, Taipei, TWN
Reliance Securities Co Ltd is engaged in providing integrated investment platforms and professional investment services in Taiwan. It presents investors with securities brokerage, futures, warrants, agency funds, discretionary entrustment, re-trust business, underwriting, and bonds.
67GF Score

Get the complete analysis for ROCO:6027

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

NT$11.65
Price
NT$12.97
GF Value