Forward Science (ROCO:7530) Days Payable: 67.31 (As of Dec. 2025) — 13% Below Median

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ROCO:7530 Forward Science Corp ROCO:7530
38 GF Score
Price NT$38.55
GF Value NT$14.15
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Forward Science Days Payable?

Forward Science ROCO:7530 +1.05% 38 Days Payable is 67.31 as of Dec. 2025, which is 13% below its 10-year median of 77.00. GuruFocus rates ROCO:7530 with a GF Score™ of 38/100 and a GF Value™ of NT$14.15 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,992 Industrial Products companies, Forward Science ranks worse than 57.42% on this metric.

Forward Science's average Accounts Payable for the six months ended in Dec. 2025 was NT$27.0 Mil. Forward Science's Cost of Goods Sold for the six months ended in Dec. 2025 was NT$73.3 Mil. Hence, Forward Science's Days Payable for the six months ended in Dec. 2025 was 67.31.

The historical rank and industry rank for Forward Science's Days Payable or its related term are showing as below:

ROCO:7530' s Days Payable Range Over the Past 10 Years
Min: 47.43   Med: 77   Max: 106.87
Current: 65.05

During the past 8 years, Forward Science's highest Days Payable was 106.87. The lowest was 47.43. And the median was 77.00.

ROCO:7530's Days Payable is ranked worse than
57.42% of 2992 companies
in the Industrial Products industry
Industry Median: 78.045 vs ROCO:7530: 65.05

Forward Science's Days Payable declined from Dec. 2024 (89.29) to Dec. 2025 (67.31). It may suggest that Forward Science accelerated paying its suppliers.


Forward Science Days Payable Historical Data

* Premium members only.

The historical data trend for Forward Science'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.

Forward Science Days Payable Chart

Forward Science Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial 83.52 106.87 89.12 80.46 73.53

Forward Science Semi-Annual Data
Dec18 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 92.76 96.95 89.29 54.86 67.31

ROCO:7530 vs GEV, ETN, PH: Days Payable Comparison

For the Specialty Industrial Machinery subindustry, Forward Science'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.


Forward Science Days Payable vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Forward Science's Days Payable distribution charts can be found below:

* The bar in red indicates where Forward Science's Days Payable falls into.


ROCO:7530
38GF Score
Forward Science Corp ROCO:7530
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Forward Science 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.

Forward Science'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
=( (27.837 + 33.864) / 2 ) / 153.143*365
=30.8505 / 153.143*365
=73.53

Forward Science'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
=( (20.182 + 33.864) / 2 ) / 73.271*365 / 2
=27.023 / 73.271*365 / 2
=67.31

* 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 67.31 mean?
Forward Science (ROCO:7530) has a Days Payable of 67.31 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 Forward Science and its competitors. This is 13% below median its historical median of 77.00. Over the past decade, Forward Science's Days Payable has ranged from 47.43 to 106.87. According to the industry distribution chart, Forward Science ranks #1718 out of 2992 companies in the Industrial Products industry, placing it in the top 57.4%.
Is Forward Science's Days Payable too high?
Forward Science's current Days Payable of 67.31 is 13% below median its 10-year median of 77.00. Over the past 10 years, this metric has ranged from a low of 47.43 to a high of 106.87. The Industrial Products industry median Days Payable is 78.05. Forward Science's value of 67.31 is 13.8% below this industry median. Based on the distribution chart, Forward Science ranks #1718 out of 2992 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Forward Science has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Forward Science's Days Payable compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Forward Science ranks #1718 out of 2992 companies for Days Payable. This places Forward Science in the lower half of its industry. The industry median Days Payable is 78.05. Forward Science's value of 67.31 is 13.8% below this benchmark. Historically, Forward Science's own Days Payable has ranged from 47.43 to 106.87 over the past decade. While the company's 10-year median is 77.00 vs. the industry median of 78.05, Forward Science 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 78.05, based on 2,992 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. Forward Science's current Days Payable of 67.31 is 13.8% 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 Forward Science and its competitors. For the Industrial Products industry, the median Days Payable is 78.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forward Science's current Days Payable is 67.31, which is 13% below median its own 10-year median of 77.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forward Science stock overvalued right now?
Based on GuruFocus' analysis, Forward Science (ROCO:7530) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$14.15, compared to a current price of NT$38.55 — trading 172.4% above its estimated fair value. The current Days Payable is 67.31, which is 13% below median its 10-year median of 77.00 and 13.8% below the Industrial Products industry median of 78.05. Forward Science's overall GF Score™ is 38/100 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 Forward Science (ROCO:7530), the current Days Payable is 67.31 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 Forward Science (ROCO:7530) Overvalued in 2026?

Based on GuruFocus' analysis, Forward Science stock appears to be overvalued. The current stock price of NT$38.55 is trading 172.4% above its estimated GF Value™ of NT$14.15. GuruFocus considers Forward Science to be Significantly Overvalued.

Key valuation signals for ROCO:7530:

  • Days Payable: 67.31 (13% below median its 10-year median of 77.00)
  • GF Value™: NT$14.15 vs. price of NT$38.55 (172.4% above fair value)
  • GF Score™: 38/100 with 7 warning signs
  • Industry Position: 13.8% below the Industrial Products median (#1718 of 2992)

No single metric tells the full story. See the ROCO:7530 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Forward Science Business Description

Address 232 Youyi Road, Gongyi Village, Zhunan Township, Jhunan, TWN, 350
Forward Science Corp is engaged in the manufacturing and maintenance of vacuum pumps. It is also involved in precision parts manufacturing that includes Stainless Processing, Aluminum Processing, Casting Processing, and Metal Finishing among others. Geographically, the company generates the majority of its revenue from Taiwan.
38GF Score

Get the complete analysis for ROCO:7530

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

NT$38.55
Price
NT$14.15
GF Value