Jiu Han System Technology Co (ROCO:6903) Days Payable: 24.25 (As of Dec. 2025) — 45% Below Median


ROCO:6903 Jiu Han System Technology Co Ltd ROCO:6903
54 GF Score
Price NT$367.00
GF Value NT$150.62
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Jiu Han System Technology Co Days Payable?

Jiu Han System Technology Co ROCO:6903 -2.00% 54 Days Payable is 24.25 as of Dec. 2025, which is 45% below its 10-year median of 44.01. GuruFocus rates ROCO:6903 with a GF Score™ of 54/100 and a GF Value™ of NT$150.62 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,711 Construction companies, Jiu Han System Technology Co ranks worse than 83.4% on this metric.

Jiu Han System Technology Co's average Accounts Payable for the three months ended in Dec. 2025 was NT$314 Mil. Jiu Han System Technology Co's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$1,182 Mil. Hence, Jiu Han System Technology Co's Days Payable for the three months ended in Dec. 2025 was 24.25.

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

ROCO:6903' s Days Payable Range Over the Past 10 Years
Min: 0.59   Med: 44.01   Max: 116.02
Current: 36.99

During the past 7 years, Jiu Han System Technology Co's highest Days Payable was 116.02. The lowest was 0.59. And the median was 44.01.

ROCO:6903's Days Payable is ranked worse than
83.4% of 1711 companies
in the Construction industry
Industry Median: 76.6 vs ROCO:6903: 36.99

Jiu Han System Technology Co's Days Payable declined from Dec. 2024 (25.33) to Dec. 2025 (24.25). It may suggest that Jiu Han System Technology Co accelerated paying its suppliers.


Jiu Han System Technology Co Days Payable Historical Data

* Premium members only.

The historical data trend for Jiu Han System 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.

Jiu Han System Technology Co Days Payable Chart

Jiu Han System Technology Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial 111.64 32.88 44.01 37.85 0.59

Jiu Han System Technology Co Quarterly Data
Dec19 Dec20 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 25.33 31.70 67.21 77.88 24.25

ROCO:6903 vs PWR, FIX, EME: Days Payable Comparison

For the Engineering & Construction subindustry, Jiu Han System 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.


Jiu Han System Technology Co Days Payable vs Construction Industry

For the Construction industry and Industrials sector, Jiu Han System Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiu Han System Technology Co's Days Payable falls into.


ROCO:6903
54GF Score
Jiu Han System Technology Co Ltd ROCO:6903
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Jiu Han System 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.

Jiu Han System 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
=( (8.047 + 0.363) / 2 ) / 2607.537*365
=4.205 / 2607.537*365
=0.59

Jiu Han System 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
=( (627.837 + 0.363) / 2 ) / 1182.133*365 / 4
=314.1 / 1182.133*365 / 4
=24.25

* 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 24.25 mean?
Jiu Han System Technology Co (ROCO:6903) has a Days Payable of 24.25 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 Jiu Han System Technology Co and its competitors. This is 45% below median its historical median of 44.01. Over the past decade, Jiu Han System Technology Co's Days Payable has ranged from 0.59 to 116.02. According to the industry distribution chart, Jiu Han System Technology Co ranks #1427 out of 1711 companies in the Construction industry, placing it in the top 83.4%.
Is Jiu Han System Technology Co's Days Payable too high?
Jiu Han System Technology Co's current Days Payable of 24.25 is 45% below median its 10-year median of 44.01. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 116.02. The Construction industry median Days Payable is 76.60. Jiu Han System Technology Co's value of 24.25 is 68.3% below this industry median. Based on the distribution chart, Jiu Han System Technology Co ranks #1427 out of 1711 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Jiu Han System Technology Co has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Jiu Han System Technology Co's Days Payable compare to PWR and FIX?
According to the Construction industry distribution chart, Jiu Han System Technology Co ranks #1427 out of 1711 companies for Days Payable. This places Jiu Han System Technology Co in the lower half of its industry. The industry median Days Payable is 76.60. Jiu Han System Technology Co's value of 24.25 is 68.3% below this benchmark. Historically, Jiu Han System Technology Co's own Days Payable has ranged from 0.59 to 116.02 over the past decade. While the company's 10-year median is 44.01 vs. the industry median of 76.60, Jiu Han System 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 Construction company?
The median Days Payable among Construction companies is 76.60, based on 1,711 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. Jiu Han System Technology Co's current Days Payable of 24.25 is 68.3% 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 Jiu Han System Technology Co and its competitors. For the Construction industry, the median Days Payable is 76.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jiu Han System Technology Co's current Days Payable is 24.25, which is 45% below median its own 10-year median of 44.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiu Han System Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Jiu Han System Technology Co (ROCO:6903) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$150.62, compared to a current price of NT$367.00 — trading 143.7% above its estimated fair value. The current Days Payable is 24.25, which is 45% below median its 10-year median of 44.01 and 68.3% below the Construction industry median of 76.60. Jiu Han System Technology Co's overall GF Score™ is 54/100 with 7 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 Jiu Han System Technology Co (ROCO:6903), the current Days Payable is 24.25 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 Jiu Han System Technology Co (ROCO:6903) Overvalued in 2026?

Based on GuruFocus' analysis, Jiu Han System Technology Co stock appears to be overvalued. The current stock price of NT$367.00 is trading 143.7% above its estimated GF Value™ of NT$150.62. GuruFocus considers Jiu Han System Technology Co to be Significantly Overvalued.

Key valuation signals for ROCO:6903:

  • Days Payable: 24.25 (45% below median its 10-year median of 44.01)
  • GF Value™: NT$150.62 vs. price of NT$367.00 (143.7% above fair value)
  • GF Score™: 54/100 with 7 warning signs
  • Industry Position: 68.3% below the Construction median (#1427 of 1711)

No single metric tells the full story. See the ROCO:6903 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jiu Han System Technology Co Business Description

Address No. 324, Zhonghua Road, 8th Floor, Section 1, Dongyuanli, East District, Hsinchu, TWN, 300002
Jiu Han System Technology Co Ltd is engaged in business projects such as water, electricity, air conditioning engineering, fire safety equipment installation engineering, and pipe fitting engineering. The company also engages in the design and installation of engineering, instruments and meters, as well as the sale and purchase of related materials.
54GF Score

Get the complete analysis for ROCO:6903

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

NT$367.00
Price
NT$150.62
GF Value