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* 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.
For the Electrical Equipment & Parts subindustry, Changs Ascending Enterprise 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.
Changs Ascending Enterprise Co Days Payable vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Changs Ascending Enterprise Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Changs Ascending Enterprise Co's Days Payable falls into.
Changs Ascending Enterprise 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.
* 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.
Changs Ascending Enterprise Co (ROCO:8038) has a Days Payable of 60.59 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 Changs Ascending Enterprise Co and its competitors. This is 113% above median its historical median of 28.41. Over the past decade, Changs Ascending Enterprise Co's Days Payable has ranged from 3.59 to 75.23. According to the industry distribution chart, Changs Ascending Enterprise Co ranks #1799 out of 2991 companies in the Industrial Products industry, placing it in the top 60.1%.
Is Changs Ascending Enterprise Co's Days Payable too high?
Changs Ascending Enterprise Co's current Days Payable of 60.59 is 113% above median its 10-year median of 28.41. Over the past 10 years, this metric has ranged from a low of 3.59 to a high of 75.23. The Industrial Products industry median Days Payable is 78.05. Changs Ascending Enterprise Co's value of 60.59 is 22.4% below this industry median. Based on the distribution chart, Changs Ascending Enterprise Co ranks #1799 out of 2991 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Changs Ascending Enterprise Co has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Changs Ascending Enterprise Co's Days Payable compare to VRT and BE?
According to the Industrial Products industry distribution chart, Changs Ascending Enterprise Co ranks #1799 out of 2991 companies for Days Payable. This places Changs Ascending Enterprise Co in the lower half of its industry. The industry median Days Payable is 78.05. Changs Ascending Enterprise Co's value of 60.59 is 22.4% below this benchmark. Historically, Changs Ascending Enterprise Co's own Days Payable has ranged from 3.59 to 75.23 over the past decade. While the company's 10-year median is 28.41 vs. the industry median of 78.05, Changs Ascending Enterprise 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 78.05, based on 2,991 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. Changs Ascending Enterprise Co's current Days Payable of 60.59 is 22.4% 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 Changs Ascending Enterprise Co 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. Changs Ascending Enterprise Co's current Days Payable is 60.59, which is 113% above median its own 10-year median of 28.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changs Ascending Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Changs Ascending Enterprise Co (ROCO:8038) is currently considered Possible Value Trap. The stock's GF Value™ is NT$92.34, compared to a current price of NT$39.35 — trading 57.4% below its estimated fair value. The current Days Payable is 60.59, which is 113% above median its 10-year median of 28.41 and 22.4% below the Industrial Products industry median of 78.05. Changs Ascending Enterprise Co's overall GF Score™ is 60/100 with 8 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 Changs Ascending Enterprise Co (ROCO:8038), the current Days Payable is 60.59 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 Changs Ascending Enterprise Co (ROCO:8038) Overvalued in 2026?
Based on GuruFocus' analysis, Changs Ascending Enterprise Co stock appears to be undervalued.
The current stock price of NT$39.35 is trading 57.4% below its estimated GF Value™ of NT$92.34.
GuruFocus considers Changs Ascending Enterprise Co to be Possible Value Trap.
Key valuation signals for ROCO:8038:
Days Payable: 60.59 (113% above median its 10-year median of 28.41)
GF Value™: NT$92.34 vs. price of NT$39.35 (57.4% below fair value)
Industry Position: 22.4% below the Industrial Products median (#1799 of 2991)
No single metric tells the full story. See the ROCO:8038 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Changs Ascending Enterprise Co Business Description
Changs Ascending Enterprise Co Ltd is engaged in the manufacturing, research, and development of lithium-iron batteries and its materials, as well as technology transfer and leasing, and sales of battery modules. The company derives maximum revenue from Lithium-iron battery modules.
60GF Score
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