Techzone Technology Materials Co (ROCO:6947) Days Payable: 21.66 (As of Dec. 2025) — Near Median

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ROCO:6947 Techzone Technology Materials Co Ltd ROCO:6947
55 GF Score
Price NT$81.00
GF Value NT$124.65
Valuation Possible Value Trap
! 11 Warning Signs
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What is Techzone Technology Materials Co Days Payable?

Techzone Technology Materials Co ROCO:6947 -1.70% 55 Days Payable is 21.66 as of Dec. 2025, which is 7% below its 10-year median of 23.41. GuruFocus rates ROCO:6947 with a GF Score™ of 55/100 and a GF Value™ of NT$124.65 (Possible Value Trap). The stock has 11 warning signs investors should review. Among 231 Waste Management companies, Techzone Technology Materials Co ranks worse than 84.42% on this metric.

Techzone Technology Materials Co's average Accounts Payable for the six months ended in Dec. 2025 was NT$65 Mil. Techzone Technology Materials Co's Cost of Goods Sold for the six months ended in Dec. 2025 was NT$547 Mil. Hence, Techzone Technology Materials Co's Days Payable for the six months ended in Dec. 2025 was 21.66.

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

ROCO:6947' s Days Payable Range Over the Past 10 Years
Min: 16.38   Med: 23.41   Max: 31.68
Current: 22.14

During the past 7 years, Techzone Technology Materials Co's highest Days Payable was 31.68. The lowest was 16.38. And the median was 23.41.

ROCO:6947's Days Payable is ranked worse than
84.42% of 231 companies
in the Waste Management industry
Industry Median: 63.51 vs ROCO:6947: 22.14

Techzone Technology Materials Co's Days Payable declined from Dec. 2024 (27.70) to Dec. 2025 (21.66). It may suggest that Techzone Technology Materials Co accelerated paying its suppliers.


Techzone Technology Materials Co Days Payable Related Terms


Techzone Technology Materials Co Days Payable Historical Data

* Premium members only.

The historical data trend for Techzone Technology Materials 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.

Techzone Technology Materials Co Days Payable Chart

Techzone Technology Materials Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial 26.78 20.62 16.38 25.35 21.46

Techzone Technology Materials Co Semi-Annual Data
Dec19 Dec20 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 15.67 17.80 27.70 23.57 21.66

ROCO:6947 vs WM, RSG, WCN: Days Payable Comparison

For the Waste Management subindustry, Techzone Technology Materials 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.


Techzone Technology Materials Co Days Payable vs Waste Management Industry

For the Waste Management industry and Industrials sector, Techzone Technology Materials Co's Days Payable distribution charts can be found below:

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


ROCO:6947
55GF Score
Techzone Technology Materials Co Ltd ROCO:6947
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Techzone Technology Materials 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.

Techzone Technology Materials 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
=( (45.109 + 67.885) / 2 ) / 960.784*365
=56.497 / 960.784*365
=21.46

Techzone Technology Materials 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
=( (61.876 + 67.885) / 2 ) / 546.67*365 / 2
=64.8805 / 546.67*365 / 2
=21.66

* 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 21.66 mean?
Techzone Technology Materials Co (ROCO:6947) has a Days Payable of 21.66 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 Techzone Technology Materials Co and its competitors. This is near median its historical median of 23.41. Over the past decade, Techzone Technology Materials Co's Days Payable has ranged from 16.38 to 31.68. According to the industry distribution chart, Techzone Technology Materials Co ranks #195 out of 231 companies in the Waste Management industry, placing it in the top 84.4%.
Is Techzone Technology Materials Co's Days Payable too high?
Techzone Technology Materials Co's current Days Payable of 21.66 is near median its 10-year median of 23.41. Over the past 10 years, this metric has ranged from a low of 16.38 to a high of 31.68. The Waste Management industry median Days Payable is 63.51. Techzone Technology Materials Co's value of 21.66 is 65.9% below this industry median. Based on the distribution chart, Techzone Technology Materials Co ranks #195 out of 231 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, Techzone Technology Materials Co has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Techzone Technology Materials Co's Days Payable compare to WM and RSG?
According to the Waste Management industry distribution chart, Techzone Technology Materials Co ranks #195 out of 231 companies for Days Payable. This places Techzone Technology Materials Co in the lower half of its industry. The industry median Days Payable is 63.51. Techzone Technology Materials Co's value of 21.66 is 65.9% below this benchmark. Historically, Techzone Technology Materials Co's own Days Payable has ranged from 16.38 to 31.68 over the past decade. While the company's 10-year median is 23.41 vs. the industry median of 63.51, Techzone Technology Materials 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 Waste Management company?
The median Days Payable among Waste Management companies is 63.51, based on 231 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. Techzone Technology Materials Co's current Days Payable of 21.66 is 65.9% 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 Techzone Technology Materials Co and its competitors. For the Waste Management industry, the median Days Payable is 63.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Techzone Technology Materials Co's current Days Payable is 21.66, which is near median its own 10-year median of 23.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techzone Technology Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Techzone Technology Materials Co (ROCO:6947) is currently considered Possible Value Trap. The stock's GF Value™ is NT$124.65, compared to a current price of NT$81.00 — trading 35% below its estimated fair value. The current Days Payable is 21.66, which is near median its 10-year median of 23.41 and 65.9% below the Waste Management industry median of 63.51. Techzone Technology Materials Co's overall GF Score™ is 55/100 with 11 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 Techzone Technology Materials Co (ROCO:6947), the current Days Payable is 21.66 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 Techzone Technology Materials Co (ROCO:6947) Overvalued in 2026?

Based on GuruFocus' analysis, Techzone Technology Materials Co stock appears to be undervalued. The current stock price of NT$81.00 is trading 35% below its estimated GF Value™ of NT$124.65. GuruFocus considers Techzone Technology Materials Co to be Possible Value Trap.

Key valuation signals for ROCO:6947:

  • Days Payable: 21.66 (near median its 10-year median of 23.41)
  • GF Value™: NT$124.65 vs. price of NT$81.00 (35% below fair value)
  • GF Score™: 55/100 with 11 warning signs
  • Industry Position: 65.9% below the Waste Management median (#195 of 231)

No single metric tells the full story. See the ROCO:6947 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Techzone Technology Materials Co Business Description

Address No. 216, Huanke Road, Guanyin District, Taoyuan City, TWN, 32841
Techzone Technology Materials Co Ltd provides waste treatment and disposal solutions. The company operates an industrial waste treatment center combining incineration treatment, waste heat recovery, and distillation recycling.
55GF Score

Get the complete analysis for ROCO:6947

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

NT$81.00
Price
NT$124.65
GF Value