Chang Wah Technology Co (ROCO:6548) Days Payable: 38.98 (As of Dec. 2025) — Near Median

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ROCO:6548 Chang Wah Technology Co Ltd ROCO:6548
70 GF Score
Price NT$84.70
GF Value NT$39.43
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Chang Wah Technology Co Days Payable?

Chang Wah Technology Co ROCO:6548 +2.17% 70 Days Payable is 38.98 as of Dec. 2025, which is 2% below its 10-year median of 39.95. GuruFocus rates ROCO:6548 with a GF Score™ of 70/100 and a GF Value™ of NT$39.43 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 998 Semiconductors companies, Chang Wah Technology Co ranks worse than 68.94% on this metric.

Chang Wah Technology Co's average Accounts Payable for the three months ended in Dec. 2025 was NT$1,176 Mil. Chang Wah Technology Co's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$2,753 Mil. Hence, Chang Wah Technology Co's Days Payable for the three months ended in Dec. 2025 was 38.98.

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

ROCO:6548' s Days Payable Range Over the Past 10 Years
Min: 27.06   Med: 39.95   Max: 52.23
Current: 37.53

During the past 13 years, Chang Wah Technology Co's highest Days Payable was 52.23. The lowest was 27.06. And the median was 39.95.

ROCO:6548's Days Payable is ranked worse than
68.94% of 998 companies
in the Semiconductors industry
Industry Median: 52.98 vs ROCO:6548: 37.53

Chang Wah Technology Co's Days Payable declined from Dec. 2024 (39.16) to Dec. 2025 (38.98). It may suggest that Chang Wah Technology Co accelerated paying its suppliers.


Chang Wah Technology Co Days Payable Historical Data

* Premium members only.

The historical data trend for Chang Wah Technology 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.

Chang Wah Technology Co Days Payable Chart

Chang Wah Technology 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 47.48 41.41 35.82 36.31 38.48

Chang Wah Technology Co 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 39.16 36.84 36.54 36.71 38.98

ROCO:6548 vs NVDA, AVGO, MU: Days Payable Comparison

For the Semiconductors subindustry, Chang Wah Technology 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.


Chang Wah Technology Co Days Payable vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Chang Wah Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Chang Wah Technology Co's Days Payable falls into.


ROCO:6548
70GF Score
Chang Wah Technology Co Ltd ROCO:6548
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Chang Wah Technology 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.

Chang Wah Technology 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
=( (990.242 + 1226.458) / 2 ) / 10513.777*365
=1108.35 / 10513.777*365
=38.48

Chang Wah Technology 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: Sep. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (1125.807 + 1226.458) / 2 ) / 2753.393*365 / 4
=1176.1325 / 2753.393*365 / 4
=38.98

* 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 38.98 mean?
Chang Wah Technology Co (ROCO:6548) has a Days Payable of 38.98 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 Chang Wah Technology Co and its competitors. This is near median its historical median of 39.95. Over the past decade, Chang Wah Technology Co's Days Payable has ranged from 27.06 to 52.23. According to the industry distribution chart, Chang Wah Technology Co ranks #688 out of 998 companies in the Semiconductors industry, placing it in the top 68.9%.
Is Chang Wah Technology Co's Days Payable too high?
Chang Wah Technology Co's current Days Payable of 38.98 is near median its 10-year median of 39.95. Over the past 10 years, this metric has ranged from a low of 27.06 to a high of 52.23. The Semiconductors industry median Days Payable is 52.98. Chang Wah Technology Co's value of 38.98 is 26.4% below this industry median. Based on the distribution chart, Chang Wah Technology Co ranks #688 out of 998 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Chang Wah Technology Co has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chang Wah Technology Co's Days Payable compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Chang Wah Technology Co ranks #688 out of 998 companies for Days Payable. This places Chang Wah Technology Co in the lower half of its industry. The industry median Days Payable is 52.98. Chang Wah Technology Co's value of 38.98 is 26.4% below this benchmark. Historically, Chang Wah Technology Co's own Days Payable has ranged from 27.06 to 52.23 over the past decade. While the company's 10-year median is 39.95 vs. the industry median of 52.98, Chang Wah Technology Co 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 Semiconductors company?
The median Days Payable among Semiconductors companies is 52.98, based on 998 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. Chang Wah Technology Co's current Days Payable of 38.98 is 26.4% 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 Chang Wah Technology Co and its competitors. For the Semiconductors industry, the median Days Payable is 52.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chang Wah Technology Co's current Days Payable is 38.98, which is near median its own 10-year median of 39.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chang Wah Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Chang Wah Technology Co (ROCO:6548) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$39.43, compared to a current price of NT$84.70 — trading 114.8% above its estimated fair value. The current Days Payable is 38.98, which is near median its 10-year median of 39.95 and 26.4% below the Semiconductors industry median of 52.98. Chang Wah Technology Co's overall GF Score™ is 70/100 with 8 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 Chang Wah Technology Co (ROCO:6548), the current Days Payable is 38.98 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 Chang Wah Technology Co (ROCO:6548) Overvalued in 2026?

Based on GuruFocus' analysis, Chang Wah Technology Co stock appears to be overvalued. The current stock price of NT$84.70 is trading 114.8% above its estimated GF Value™ of NT$39.43. GuruFocus considers Chang Wah Technology Co to be Significantly Overvalued.

Key valuation signals for ROCO:6548:

  • Days Payable: 38.98 (near median its 10-year median of 39.95)
  • GF Value™: NT$39.43 vs. price of NT$84.70 (114.8% above fair value)
  • GF Score™: 70/100 with 8 warning signs
  • Industry Position: 26.4% below the Semiconductors median (#688 of 998)

No single metric tells the full story. See the ROCO:6548 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chang Wah Technology Co Business Description

Address No. 24, Kaifa Road, Nanzi District, Kaohsiung, TWN, 811
Chang Wah Technology Co Ltd mainly manufactures industrial plastic products and electronics components, and sells electronics components and machinery, and tools. The company focuses on manufacturing semiconductor frames, offering different products such as IC-Pin lead Frame, IC-Leadless lead Frame, IC-Special surface treatment, EMC lead frame, and PreMold lead frame. Along with its subsidiaries, the company operates in the following reportable segments: CWTC, CWTS, SHAP, Shing Zheng Investment, SHEC, SHPC, SHS, MSHE, WSP, and CWES. Maximum revenue is generated from its CWTC segment. Geographically, the group operates in Taiwan, Asia, and other regions.
70GF Score

Get the complete analysis for ROCO:6548

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

NT$84.70
Price
NT$39.43
GF Value