TSH Biopharm (ROCO:8432) Days Payable: 52.70 (As of Dec. 2025) — Near Median

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ROCO:8432 TSH Biopharm Corp Ltd ROCO:8432
84 GF Score
Price NT$50.20
GF Value NT$78.92
Valuation Significantly Undervalued
! 1 Warning Sign
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What is TSH Biopharm Days Payable?

TSH Biopharm ROCO:8432 84 Days Payable is 52.70 as of Dec. 2025, which is 5% above its 10-year median of 50.07. GuruFocus rates ROCO:8432 with a GF Score™ of 84/100 and a GF Value™ of NT$78.92 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 927 Drug Manufacturers companies, TSH Biopharm ranks worse than 81.01% on this metric.

TSH Biopharm's average Accounts Payable for the three months ended in Dec. 2025 was NT$103 Mil. TSH Biopharm's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$178 Mil. Hence, TSH Biopharm's Days Payable for the three months ended in Dec. 2025 was 52.70.

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

ROCO:8432' s Days Payable Range Over the Past 10 Years
Min: 20.02   Med: 50.07   Max: 87.46
Current: 43.28

During the past 13 years, TSH Biopharm's highest Days Payable was 87.46. The lowest was 20.02. And the median was 50.07.

ROCO:8432's Days Payable is ranked worse than
81.01% of 927 companies
in the Drug Manufacturers industry
Industry Median: 90.38 vs ROCO:8432: 43.28

TSH Biopharm's Days Payable declined from Dec. 2024 (59.17) to Dec. 2025 (52.70). It may suggest that TSH Biopharm accelerated paying its suppliers.


TSH Biopharm Days Payable Historical Data

* Premium members only.

The historical data trend for TSH Biopharm'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.

TSH Biopharm Days Payable Chart

TSH Biopharm Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.02 35.95 47.90 36.23 26.62

TSH Biopharm Quarterly Data
Mar21 Jun21 Sep21 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 Premium Member Only 59.17 45.45 48.57 43.81 52.70

ROCO:8432 vs ZTS, UTHR: Days Payable Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, TSH Biopharm'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.


TSH Biopharm Days Payable vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, TSH Biopharm's Days Payable distribution charts can be found below:

* The bar in red indicates where TSH Biopharm's Days Payable falls into.


ROCO:8432
84GF Score
TSH Biopharm Corp Ltd ROCO:8432
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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TSH Biopharm 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.

TSH Biopharm'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
=( (54.823 + 40.829) / 2 ) / 655.785*365
=47.826 / 655.785*365
=26.62

TSH Biopharm'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
=( (164.946 + 40.829) / 2 ) / 178.133*365 / 4
=102.8875 / 178.133*365 / 4
=52.70

* 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 52.70 mean?
TSH Biopharm (ROCO:8432) has a Days Payable of 52.70 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 TSH Biopharm and its competitors. This is near median its historical median of 50.07. Over the past decade, TSH Biopharm's Days Payable has ranged from 20.02 to 87.46. According to the industry distribution chart, TSH Biopharm ranks #751 out of 927 companies in the Drug Manufacturers industry, placing it in the top 81%.
Is TSH Biopharm's Days Payable too high?
TSH Biopharm's current Days Payable of 52.70 is near median its 10-year median of 50.07. Over the past 10 years, this metric has ranged from a low of 20.02 to a high of 87.46. The Drug Manufacturers industry median Days Payable is 90.38. TSH Biopharm's value of 52.70 is 41.7% below this industry median. Based on the distribution chart, TSH Biopharm ranks #751 out of 927 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, TSH Biopharm has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TSH Biopharm's Days Payable compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, TSH Biopharm ranks #751 out of 927 companies for Days Payable. This places TSH Biopharm in the lower half of its industry. The industry median Days Payable is 90.38. TSH Biopharm's value of 52.70 is 41.7% below this benchmark. Historically, TSH Biopharm's own Days Payable has ranged from 20.02 to 87.46 over the past decade. While the company's 10-year median is 50.07 vs. the industry median of 90.38, TSH Biopharm 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 Drug Manufacturers company?
The median Days Payable among Drug Manufacturers companies is 90.38, based on 927 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. TSH Biopharm's current Days Payable of 52.70 is 41.7% 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 TSH Biopharm and its competitors. For the Drug Manufacturers industry, the median Days Payable is 90.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSH Biopharm's current Days Payable is 52.70, which is near median its own 10-year median of 50.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSH Biopharm stock overvalued right now?
Based on GuruFocus' analysis, TSH Biopharm (ROCO:8432) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$78.92, compared to a current price of NT$50.20 — trading 36.4% below its estimated fair value. The current Days Payable is 52.70, which is near median its 10-year median of 50.07 and 41.7% below the Drug Manufacturers industry median of 90.38. TSH Biopharm's overall GF Score™ is 84/100 with 1 warning sign 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 TSH Biopharm (ROCO:8432), the current Days Payable is 52.70 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 TSH Biopharm (ROCO:8432) Overvalued in 2026?

Based on GuruFocus' analysis, TSH Biopharm stock appears to be undervalued. The current stock price of NT$50.20 is trading 36.4% below its estimated GF Value™ of NT$78.92. GuruFocus considers TSH Biopharm to be Significantly Undervalued.

Key valuation signals for ROCO:8432:

  • Days Payable: 52.70 (near median its 10-year median of 50.07)
  • GF Value™: NT$78.92 vs. price of NT$50.20 (36.4% below fair value)
  • GF Score™: 84/100 with 1 warning sign
  • Industry Position: 41.7% below the Drug Manufacturers median (#751 of 927)

No single metric tells the full story. See the ROCO:8432 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TSH Biopharm Business Description

Address No.3-1, Park Street, 3rd Floor-1, Nangang District, Taipei, TWN, 115
TSH Biopharm Corp Ltd is engaged in sale of a variety of pharmaceuticals, chemical drugs and engaged in biotechnology services. The company specializes in the development, manufacture, and marketing of branded drugs for chronic diseases. Key therapeutic areas include cardiovascular, central nervous system, gastroenterology, and severe chronic diseases, alongside precision medicine/genetic testing services .The Company's revenue is earned domestically. It earns majority of its revenue from the sale of Lozenges.
84GF Score

Get the complete analysis for ROCO:8432

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

NT$50.20
Price
NT$78.92
GF Value