Shine Trend International Multimedia Tec (ROCO:6856) Days Payable: 51.76 (As of Jun. 2026) — 88% Above 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:6856 Shine Trend International Multimedia Tec ROCO:6856
87 GF Score
Price NT$42.55
GF Value NT$78.43
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Shine Trend International Multimedia Tec Days Payable?

Shine Trend International Multimedia Tec ROCO:6856 87 Days Payable is 51.76 as of Jun. 2026, which is 88% above its 10-year median of 27.51. GuruFocus rates ROCO:6856 with a GF Score™ of 87/100 and a GF Value™ of NT$78.43 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 914 Media - Diversified companies, Shine Trend International Multimedia Tec ranks worse than 64.99% on this metric.

Shine Trend International Multimedia Tec's average Accounts Payable for the three months ended in Jun. 2026 was NT$30.2 Mil. Shine Trend International Multimedia Tec's Cost of Goods Sold for the three months ended in Jun. 2026 was NT$53.2 Mil. Hence, Shine Trend International Multimedia Tec's Days Payable for the three months ended in Jun. 2026 was 51.76.

The historical rank and industry rank for Shine Trend International Multimedia Tec's Days Payable or its related term are showing as below:

ROCO:6856' s Days Payable Range Over the Past 10 Years
Min: 12.33   Med: 27.51   Max: 54.81
Current: 48.77

During the past 8 years, Shine Trend International Multimedia Tec's highest Days Payable was 54.81. The lowest was 12.33. And the median was 27.51.

ROCO:6856's Days Payable is ranked worse than
64.99% of 914 companies
in the Media - Diversified industry
Industry Median: 81.23 vs ROCO:6856: 48.77

Shine Trend International Multimedia Tec's Days Payable declined from Jun. 2025 (69.40) to Jun. 2026 (51.76). It may suggest that Shine Trend International Multimedia Tec accelerated paying its suppliers.


Shine Trend International Multimedia Tec Days Payable Related Terms


Shine Trend International Multimedia Tec Days Payable Historical Data

* Premium members only.

The historical data trend for Shine Trend International Multimedia Tec'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.

Shine Trend International Multimedia Tec Days Payable Chart

Shine Trend International Multimedia Tec Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial 37.15 14.40 12.33 27.06 54.81

Shine Trend International Multimedia Tec Quarterly Data
Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 69.40 48.69 35.75 68.57 51.76

ROCO:6856 vs NFLX, DIS, WBD: Days Payable Comparison

For the Entertainment subindustry, Shine Trend International Multimedia Tec'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.


Shine Trend International Multimedia Tec Days Payable vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Shine Trend International Multimedia Tec's Days Payable distribution charts can be found below:

* The bar in red indicates where Shine Trend International Multimedia Tec's Days Payable falls into.


ROCO:6856
87GF Score
Shine Trend International Multimedia Tec ROCO:6856
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shine Trend International Multimedia Tec 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.

Shine Trend International Multimedia Tec'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
=( (25.794 + 47.023) / 2 ) / 242.459*365
=36.4085 / 242.459*365
=54.81

Shine Trend International Multimedia Tec's Days Payable for the quarter that ended in Jun. 2026 is calculated as:

Days Payable (Q: Jun. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2026 ) + Accounts Payable (Q: Jun. 2026 )) / count ) / Cost of Goods Sold (Q: Jun. 2026 )*Days in Period
=( (35.896 + 24.407) / 2 ) / 53.157*365 / 4
=30.1515 / 53.157*365 / 4
=51.76

* 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 51.76 mean?
Shine Trend International Multimedia Tec (ROCO:6856) has a Days Payable of 51.76 as of Jun. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Shine Trend International Multimedia Tec and its competitors. This is 88% above median its historical median of 27.51. Over the past decade, Shine Trend International Multimedia Tec's Days Payable has ranged from 12.33 to 54.81. According to the industry distribution chart, Shine Trend International Multimedia Tec ranks #594 out of 914 companies in the Media - Diversified industry, placing it in the top 65%.
Is Shine Trend International Multimedia Tec's Days Payable too high?
Shine Trend International Multimedia Tec's current Days Payable of 51.76 is 88% above median its 10-year median of 27.51. Over the past 10 years, this metric has ranged from a low of 12.33 to a high of 54.81. The Media - Diversified industry median Days Payable is 81.23. Shine Trend International Multimedia Tec's value of 51.76 is 36.3% below this industry median. Based on the distribution chart, Shine Trend International Multimedia Tec ranks #594 out of 914 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Shine Trend International Multimedia Tec has a GF Score™ of 87/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shine Trend International Multimedia Tec's Days Payable compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Shine Trend International Multimedia Tec ranks #594 out of 914 companies for Days Payable. This places Shine Trend International Multimedia Tec in the lower half of its industry. The industry median Days Payable is 81.23. Shine Trend International Multimedia Tec's value of 51.76 is 36.3% below this benchmark. Historically, Shine Trend International Multimedia Tec's own Days Payable has ranged from 12.33 to 54.81 over the past decade. While the company's 10-year median is 27.51 vs. the industry median of 81.23, Shine Trend International Multimedia Tec 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 Media - Diversified company?
The median Days Payable among Media - Diversified companies is 81.23, based on 914 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. Shine Trend International Multimedia Tec's current Days Payable of 51.76 is 36.3% 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 Shine Trend International Multimedia Tec and its competitors. For the Media - Diversified industry, the median Days Payable is 81.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shine Trend International Multimedia Tec's current Days Payable is 51.76, which is 88% above median its own 10-year median of 27.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shine Trend International Multimedia Tec stock overvalued right now?
Based on GuruFocus' analysis, Shine Trend International Multimedia Tec (ROCO:6856) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$78.43, compared to a current price of NT$42.55 — trading 45.7% below its estimated fair value. The current Days Payable is 51.76, which is 88% above median its 10-year median of 27.51 and 36.3% below the Media - Diversified industry median of 81.23. Shine Trend International Multimedia Tec's overall GF Score™ is 87/100 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 Shine Trend International Multimedia Tec (ROCO:6856), the current Days Payable is 51.76 as of Jun. 2026. 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 Shine Trend International Multimedia Tec (ROCO:6856) Overvalued in 2026?

Based on GuruFocus' analysis, Shine Trend International Multimedia Tec stock appears to be undervalued. The current stock price of NT$42.55 is trading 45.7% below its estimated GF Value™ of NT$78.43. GuruFocus considers Shine Trend International Multimedia Tec to be Significantly Undervalued.

Key valuation signals for ROCO:6856:

  • Days Payable: 51.76 (88% above median its 10-year median of 27.51)
  • GF Value™: NT$78.43 vs. price of NT$42.55 (45.7% below fair value)
  • GF Score™: 87/100 with 5 warning signs
  • Industry Position: 36.3% below the Media - Diversified median (#594 of 914)

No single metric tells the full story. See the ROCO:6856 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shine Trend International Multimedia Tec Business Description

Address No. 68, Section 1, Guoguang Road, Dali District, Taichung, TWN
Shine Trend International Multimedia Tec is involved in the entertainment business. The company is focused on the production of programs for television.
87GF Score

Get the complete analysis for ROCO:6856

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

NT$42.55
Price
NT$78.43
GF Value