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Grandtech C.G.SystemROCO:6123 -1.42%74 Days Payable is 37.35 as of Dec. 2025, which is 5% above its 10-year median of 35.73. GuruFocus rates ROCO:6123 with a GF Score™ of 74/100 and a GF Value™ of NT$59.08 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,442 Hardware companies, Grandtech C.G.System ranks worse than 82.47% on this metric.
The historical rank and industry rank for Grandtech C.G.System's Days Payable or its related term are showing as below:
ROCO:6123'
s Days Payable Range Over the Past 10 Years
Min: 26.93 Med: 35.73 Max: 49.04
Current: 34.69
During the past 13 years, Grandtech C.G.System's highest Days Payable was 49.04. The lowest was 26.93. And the median was 35.73.
ROCO:6123's Days Payable is ranked worse than 82.47% of 2442
companies
in the Hardware industry
Industry Median: 69.89
vs ROCO:6123: 34.69
Grandtech C.G.System's Days Payable
declined
from Dec. 2024 (39.10) to Dec. 2025 (37.35).
It may suggest that Grandtech C.G.Systemaccelerated paying its suppliers.
Grandtech C.G.System Days Payable Related Terms
Grandtech C.G.System Days Payable Historical Data
* Premium members only.
The historical data trend for Grandtech C.G.System'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:6123 vs SNX, ARW, AVT: Days Payable Comparison
For the Electronics & Computer Distribution subindustry, Grandtech C.G.System'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.
Grandtech C.G.System Days Payable vs Hardware Industry
For the Hardware industry and Technology sector, Grandtech C.G.System's Days Payable distribution charts can be found below:
* The bar in red indicates where Grandtech C.G.System'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.
Grandtech C.G.System'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.
Grandtech C.G.System (ROCO:6123) has a Days Payable of 37.35 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 Grandtech C.G.System and its competitors. This is near median its historical median of 35.73. Over the past decade, Grandtech C.G.System's Days Payable has ranged from 26.93 to 49.04. According to the industry distribution chart, Grandtech C.G.System ranks #2014 out of 2442 companies in the Hardware industry, placing it in the top 82.5%.
Is Grandtech C.G.System's Days Payable too high?
Grandtech C.G.System's current Days Payable of 37.35 is near median its 10-year median of 35.73. Over the past 10 years, this metric has ranged from a low of 26.93 to a high of 49.04. The Hardware industry median Days Payable is 69.89. Grandtech C.G.System's value of 37.35 is 46.6% below this industry median. Based on the distribution chart, Grandtech C.G.System ranks #2014 out of 2442 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Grandtech C.G.System has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Grandtech C.G.System's Days Payable compare to SNX and ARW?
According to the Hardware industry distribution chart, Grandtech C.G.System ranks #2014 out of 2442 companies for Days Payable. This places Grandtech C.G.System in the lower half of its industry. The industry median Days Payable is 69.89. Grandtech C.G.System's value of 37.35 is 46.6% below this benchmark. Historically, Grandtech C.G.System's own Days Payable has ranged from 26.93 to 49.04 over the past decade. While the company's 10-year median is 35.73 vs. the industry median of 69.89, Grandtech C.G.System 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 a Hardware company?
The median Days Payable among Hardware companies is 69.89, based on 2,442 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. Grandtech C.G.System's current Days Payable of 37.35 is 46.6% 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 Grandtech C.G.System and its competitors. For the Hardware industry, the median Days Payable is 69.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grandtech C.G.System's current Days Payable is 37.35, which is near median its own 10-year median of 35.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grandtech C.G.System stock overvalued right now?
Based on GuruFocus' analysis, Grandtech C.G.System (ROCO:6123) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$59.08, compared to a current price of NT$41.80 — trading 29.2% below its estimated fair value. The current Days Payable is 37.35, which is near median its 10-year median of 35.73 and 46.6% below the Hardware industry median of 69.89. Grandtech C.G.System's overall GF Score™ is 74/100 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 Grandtech C.G.System (ROCO:6123), the current Days Payable is 37.35 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 Grandtech C.G.System (ROCO:6123) Overvalued in 2026?
Based on GuruFocus' analysis, Grandtech C.G.System stock appears to be undervalued.
The current stock price of NT$41.80 is trading 29.2% below its estimated GF Value™ of NT$59.08.
GuruFocus considers Grandtech C.G.System to be Modestly Undervalued.
Key valuation signals for ROCO:6123:
Days Payable: 37.35 (near median its 10-year median of 35.73)
GF Value™: NT$59.08 vs. price of NT$41.80 (29.2% below fair value)
Industry Position: 46.6% below the Hardware median (#2014 of 2442)
No single metric tells the full story. See the ROCO:6123 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grandtech C.G.System Inc engages in the wholesale of books, publishing, the wholesale of computer software, other services (sales agent for computer programming), other consulting services (analysis and planning consulting services of computer management information and automatic systems), and data processing services. The group has two reportable segments: the Taiwan region and the Hong Kong and Macao regions. The main business and products in each region are wholesale of office machinery and equipment, retail sales, and wholesale and retail of information software.
74GF Score
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