Tech-Top Engineering Co (ROCO:6750) Days Payable: 98.01 (As of Dec. 2025) — 22% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:6750 Tech-Top Engineering Co Ltd ROCO:6750
81 GF Score
Price NT$61.90
GF Value NT$36.78
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Tech-Top Engineering Co Days Payable?

Tech-Top Engineering Co ROCO:6750 -3.28% 81 Days Payable is 98.01 as of Dec. 2025, which is 22% below its 10-year median of 126.33. GuruFocus rates ROCO:6750 with a GF Score™ of 81/100 and a GF Value™ of NT$36.78 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,716 Construction companies, Tech-Top Engineering Co ranks better than 55.65% on this metric.

Tech-Top Engineering Co's average Accounts Payable for the six months ended in Dec. 2025 was NT$925 Mil. Tech-Top Engineering Co's Cost of Goods Sold for the six months ended in Dec. 2025 was NT$1,723 Mil. Hence, Tech-Top Engineering Co's Days Payable for the six months ended in Dec. 2025 was 98.01.

The historical rank and industry rank for Tech-Top Engineering Co's Days Payable or its related term are showing as below:

ROCO:6750' s Days Payable Range Over the Past 10 Years
Min: 86.52   Med: 126.33   Max: 195.3
Current: 86.52

During the past 9 years, Tech-Top Engineering Co's highest Days Payable was 195.30. The lowest was 86.52. And the median was 126.33.

ROCO:6750's Days Payable is ranked better than
55.65% of 1716 companies
in the Construction industry
Industry Median: 76.5 vs ROCO:6750: 86.52

Tech-Top Engineering Co's Days Payable increased from Dec. 2024 (79.96) to Dec. 2025 (98.01). It may suggest that Tech-Top Engineering Co delayed paying its suppliers.


Tech-Top Engineering Co Days Payable Historical Data

* Premium members only.

The historical data trend for Tech-Top Engineering 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.

Tech-Top Engineering Co Days Payable Chart

Tech-Top Engineering Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only 102.89 107.92 126.33 106.47 88.09

Tech-Top Engineering Co Semi-Annual Data
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 112.00 109.27 79.96 76.28 98.01

ROCO:6750 vs PWR, FIX, EME: Days Payable Comparison

For the Engineering & Construction subindustry, Tech-Top Engineering 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.


Tech-Top Engineering Co Days Payable vs Construction Industry

For the Construction industry and Industrials sector, Tech-Top Engineering Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tech-Top Engineering Co's Days Payable falls into.


ROCO:6750
81GF Score
Tech-Top Engineering Co Ltd ROCO:6750
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tech-Top Engineering 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.

Tech-Top Engineering 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
=( (964.959 + 945.907) / 2 ) / 3958.833*365
=955.433 / 3958.833*365
=88.09

Tech-Top Engineering 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
=( (904.327 + 945.907) / 2 ) / 1722.639*365 / 2
=925.117 / 1722.639*365 / 2
=98.01

* 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 98.01 mean?
Tech-Top Engineering Co (ROCO:6750) has a Days Payable of 98.01 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 Tech-Top Engineering Co and its competitors. This is 22% below median its historical median of 126.33. Over the past decade, Tech-Top Engineering Co's Days Payable has ranged from 86.52 to 195.30. According to the industry distribution chart, Tech-Top Engineering Co ranks #761 out of 1716 companies in the Construction industry, placing it in the top 44.3%.
Is Tech-Top Engineering Co's Days Payable too high?
Tech-Top Engineering Co's current Days Payable of 98.01 is 22% below median its 10-year median of 126.33. Over the past 10 years, this metric has ranged from a low of 86.52 to a high of 195.30. The Construction industry median Days Payable is 76.50. Tech-Top Engineering Co's value of 98.01 is 28.1% above this industry median. Based on the distribution chart, Tech-Top Engineering Co ranks #761 out of 1716 companies in the Construction industry, which is above the industry midpoint. Overall, Tech-Top Engineering Co has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tech-Top Engineering Co's Days Payable compare to PWR and FIX?
According to the Construction industry distribution chart, Tech-Top Engineering Co ranks #761 out of 1716 companies for Days Payable. This puts Tech-Top Engineering Co in the upper half of its industry. The industry median Days Payable is 76.50. Tech-Top Engineering Co's value of 98.01 is 28.1% above this benchmark. Historically, Tech-Top Engineering Co's own Days Payable has ranged from 86.52 to 195.30 over the past decade. While the company's 10-year median is 126.33 vs. the industry median of 76.50, Tech-Top Engineering 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 Construction company?
The median Days Payable among Construction companies is 76.50, based on 1,716 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. Tech-Top Engineering Co's current Days Payable of 98.01 is 28.1% 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 Tech-Top Engineering Co and its competitors. For the Construction industry, the median Days Payable is 76.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tech-Top Engineering Co's current Days Payable is 98.01, which is 22% below median its own 10-year median of 126.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tech-Top Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Tech-Top Engineering Co (ROCO:6750) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$36.78, compared to a current price of NT$61.90 — trading 68.3% above its estimated fair value. The current Days Payable is 98.01, which is 22% below median its 10-year median of 126.33 and 28.1% above the Construction industry median of 76.50. Tech-Top Engineering Co's overall GF Score™ is 81/100 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 Tech-Top Engineering Co (ROCO:6750), the current Days Payable is 98.01 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 Tech-Top Engineering Co (ROCO:6750) Overvalued in 2026?

Based on GuruFocus' analysis, Tech-Top Engineering Co stock appears to be overvalued. The current stock price of NT$61.90 is trading 68.3% above its estimated GF Value™ of NT$36.78. GuruFocus considers Tech-Top Engineering Co to be Significantly Overvalued.

Key valuation signals for ROCO:6750:

  • Days Payable: 98.01 (22% below median its 10-year median of 126.33)
  • GF Value™: NT$36.78 vs. price of NT$61.90 (68.3% above fair value)
  • GF Score™: 81/100 with 3 warning signs
  • Industry Position: 28.1% above the Construction median (#761 of 1716)

No single metric tells the full story. See the ROCO:6750 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tech-Top Engineering Co Business Description

Address No. 158 Jiankang Road, 10 Floor, Zhonghe District, Taipei, TWN
Tech-Top Engineering Co Ltd is an engineering company that is engaged in the design and installation of high and low voltage electrical equipment, power transmission and distribution equipment, clean rooms and other projects and maintenance business. The company also provides PV and BIPV design, planning and construction.
81GF Score

Get the complete analysis for ROCO:6750

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

NT$61.90
Price
NT$36.78
GF Value