Taiwan Thick-Film Ind (ROCO:6246) Days Payable: 109.51 (As of Dec. 2025) — 15% Above Median


ROCO:6246 Taiwan Thick-Film Ind Corp ROCO:6246
59 GF Score
Price NT$15.40
GF Value NT$13.76
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Taiwan Thick-Film Ind Days Payable?

Taiwan Thick-Film Ind ROCO:6246 59 Days Payable is 109.51 as of Dec. 2025, which is 15% above its 10-year median of 95.34. GuruFocus rates ROCO:6246 with a GF Score™ of 59/100 and a GF Value™ of NT$13.76 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 2,445 Hardware companies, Taiwan Thick-Film Ind ranks better than 75.66% on this metric.

Taiwan Thick-Film Ind's average Accounts Payable for the three months ended in Dec. 2025 was NT$453 Mil. Taiwan Thick-Film Ind's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$377 Mil. Hence, Taiwan Thick-Film Ind's Days Payable for the three months ended in Dec. 2025 was 109.51.

The historical rank and industry rank for Taiwan Thick-Film Ind's Days Payable or its related term are showing as below:

ROCO:6246' s Days Payable Range Over the Past 10 Years
Min: 75.63   Med: 95.34   Max: 125.67
Current: 119.36

During the past 13 years, Taiwan Thick-Film Ind's highest Days Payable was 125.67. The lowest was 75.63. And the median was 95.34.

ROCO:6246's Days Payable is ranked better than
75.66% of 2445 companies
in the Hardware industry
Industry Median: 70.06 vs ROCO:6246: 119.36

Taiwan Thick-Film Ind's Days Payable increased from Dec. 2024 (109.41) to Dec. 2025 (109.51). It may suggest that Taiwan Thick-Film Ind delayed paying its suppliers.


Taiwan Thick-Film Ind Days Payable Historical Data

* Premium members only.

The historical data trend for Taiwan Thick-Film Ind'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.

Taiwan Thick-Film Ind Days Payable Chart

Taiwan Thick-Film Ind 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 99.59 97.37 110.94 125.67 125.06

Taiwan Thick-Film Ind Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 109.41 135.69 113.13 115.80 109.51

ROCO:6246 vs APH, GLW: Days Payable Comparison

For the Electronic Components subindustry, Taiwan Thick-Film Ind'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.


Taiwan Thick-Film Ind Days Payable vs Hardware Industry

For the Hardware industry and Technology sector, Taiwan Thick-Film Ind's Days Payable distribution charts can be found below:

* The bar in red indicates where Taiwan Thick-Film Ind's Days Payable falls into.


ROCO:6246
59GF Score
Taiwan Thick-Film Ind Corp ROCO:6246
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Taiwan Thick-Film Ind 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.

Taiwan Thick-Film Ind'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
=( (484.035 + 480.275) / 2 ) / 1407.221*365
=482.155 / 1407.221*365
=125.06

Taiwan Thick-Film Ind'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: Sep. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (425.766 + 480.275) / 2 ) / 377.494*365 / 4
=453.0205 / 377.494*365 / 4
=109.51

* 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 109.51 mean?
Taiwan Thick-Film Ind (ROCO:6246) has a Days Payable of 109.51 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 Taiwan Thick-Film Ind and its competitors. This is 15% above median its historical median of 95.34. Over the past decade, Taiwan Thick-Film Ind's Days Payable has ranged from 75.63 to 125.67. According to the industry distribution chart, Taiwan Thick-Film Ind ranks #595 out of 2445 companies in the Hardware industry, placing it in the top 24.3%.
Is Taiwan Thick-Film Ind's Days Payable too high?
Taiwan Thick-Film Ind's current Days Payable of 109.51 is 15% above median its 10-year median of 95.34. Over the past 10 years, this metric has ranged from a low of 75.63 to a high of 125.67. The Hardware industry median Days Payable is 70.06. Taiwan Thick-Film Ind's value of 109.51 is 56.3% above this industry median. Based on the distribution chart, Taiwan Thick-Film Ind ranks #595 out of 2445 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Taiwan Thick-Film Ind has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Thick-Film Ind's Days Payable compare to APH and GLW?
According to the Hardware industry distribution chart, Taiwan Thick-Film Ind ranks #595 out of 2445 companies for Days Payable. This places Taiwan Thick-Film Ind in the top 24% of its industry — outperforming the majority of peers. The industry median Days Payable is 70.06. Taiwan Thick-Film Ind's value of 109.51 is 56.3% above this benchmark. Historically, Taiwan Thick-Film Ind's own Days Payable has ranged from 75.63 to 125.67 over the past decade. While the company's 10-year median is 95.34 vs. the industry median of 70.06, Taiwan Thick-Film Ind 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 Hardware company?
The median Days Payable among Hardware companies is 70.06, based on 2,445 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. Taiwan Thick-Film Ind's current Days Payable of 109.51 is 56.3% 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 Taiwan Thick-Film Ind and its competitors. For the Hardware industry, the median Days Payable is 70.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Thick-Film Ind's current Days Payable is 109.51, which is 15% above median its own 10-year median of 95.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Thick-Film Ind stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Thick-Film Ind (ROCO:6246) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$13.76, compared to a current price of NT$15.40 — trading 11.9% above its estimated fair value. The current Days Payable is 109.51, which is 15% above median its 10-year median of 95.34 and 56.3% above the Hardware industry median of 70.06. Taiwan Thick-Film Ind's overall GF Score™ is 59/100 with 3 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 Taiwan Thick-Film Ind (ROCO:6246), the current Days Payable is 109.51 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 Taiwan Thick-Film Ind (ROCO:6246) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Thick-Film Ind stock appears to be overvalued. The current stock price of NT$15.40 is trading 11.9% above its estimated GF Value™ of NT$13.76. GuruFocus considers Taiwan Thick-Film Ind to be Modestly Overvalued.

Key valuation signals for ROCO:6246:

  • Days Payable: 109.51 (15% above median its 10-year median of 95.34)
  • GF Value™: NT$13.76 vs. price of NT$15.40 (11.9% above fair value)
  • GF Score™: 59/100 with 3 warning signs
  • Industry Position: 56.3% above the Hardware median (#595 of 2445)

No single metric tells the full story. See the ROCO:6246 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Thick-Film Ind Business Description

Address Lane 332, Siyuan Road, 3rd Floor, No. 7, Xinzhuang District, Taipei City, TWN
Taiwan Thick-Film Ind Corp is engaged in manufacturing, processing and trading of electronic components such as backlight modules, transformers and light source sets. Its products include LED Backlight Module, Light Guide Plates, Plastic Box, LED Light Bars, Transformers, small Motors, and Cover Lens.
59GF Score

Get the complete analysis for ROCO:6246

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

NT$15.40
Price
NT$13.76
GF Value