Global Testing (SGX:AYN) Days Payable: 23.62 (As of Dec. 2025) — 27% Above Median

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SGX:AYN Global Testing Corp Ltd SGX:AYN
78 GF Score
Price S$1.15
GF Value S$1.16
Valuation Fairly Valued
View Full Analysis

What is Global Testing Days Payable?

Global Testing SGX:AYN 78 Days Payable is 23.62 as of Dec. 2025, which is 27% above its 10-year median of 18.66. GuruFocus rates SGX:AYN with a GF Score™ of 78/100 and a GF Value™ of S$1.16 (Fairly Valued). Among 998 Semiconductors companies, Global Testing ranks worse than 84.07% on this metric.

Global Testing's average Accounts Payable for the six months ended in Dec. 2025 was S$3.19 Mil. Global Testing's Cost of Goods Sold for the six months ended in Dec. 2025 was S$24.65 Mil. Hence, Global Testing's Days Payable for the six months ended in Dec. 2025 was 23.62.

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

SGX:AYN' s Days Payable Range Over the Past 10 Years
Min: 9.41   Med: 18.66   Max: 28.65
Current: 24.95

During the past 13 years, Global Testing's highest Days Payable was 28.65. The lowest was 9.41. And the median was 18.66.

SGX:AYN's Days Payable is ranked worse than
84.07% of 998 companies
in the Semiconductors industry
Industry Median: 52.98 vs SGX:AYN: 24.95

Global Testing's Days Payable increased from Dec. 2024 (23.58) to Dec. 2025 (23.62). It may suggest that Global Testing delayed paying its suppliers.


Global Testing Days Payable Historical Data

* Premium members only.

The historical data trend for Global Testing'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.

Global Testing Days Payable Chart

Global Testing 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 19.29 28.23 28.65 28.31 23.55

Global Testing Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.06 27.18 23.58 27.87 23.62

SGX:AYN vs AMAT, LRCX, KLAC: Days Payable Comparison

For the Semiconductor Equipment & Materials subindustry, Global Testing'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.


Global Testing Days Payable vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Global Testing's Days Payable distribution charts can be found below:

* The bar in red indicates where Global Testing's Days Payable falls into.


SGX:AYN
78GF Score
Global Testing Corp Ltd SGX:AYN
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Global Testing 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.

Global Testing'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
=( (3.159 + 2.861) / 2 ) / 46.648*365
=3.01 / 46.648*365
=23.55

Global Testing'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
=( (3.518 + 2.861) / 2 ) / 24.647*365 / 2
=3.1895 / 24.647*365 / 2
=23.62

* 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 23.62 mean?
Global Testing (SGX:AYN) has a Days Payable of 23.62 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 Global Testing and its competitors. This is 27% above median its historical median of 18.66. Over the past decade, Global Testing's Days Payable has ranged from 9.41 to 28.65. According to the industry distribution chart, Global Testing ranks #839 out of 998 companies in the Semiconductors industry, placing it in the top 84.1%.
Is Global Testing's Days Payable too high?
Global Testing's current Days Payable of 23.62 is 27% above median its 10-year median of 18.66. Over the past 10 years, this metric has ranged from a low of 9.41 to a high of 28.65. The Semiconductors industry median Days Payable is 52.98. Global Testing's value of 23.62 is 55.4% below this industry median. Based on the distribution chart, Global Testing ranks #839 out of 998 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Global Testing has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Global Testing's Days Payable compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Global Testing ranks #839 out of 998 companies for Days Payable. This places Global Testing in the lower half of its industry. The industry median Days Payable is 52.98. Global Testing's value of 23.62 is 55.4% below this benchmark. Historically, Global Testing's own Days Payable has ranged from 9.41 to 28.65 over the past decade. While the company's 10-year median is 18.66 vs. the industry median of 52.98, Global Testing 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 Semiconductors company?
The median Days Payable among Semiconductors companies is 52.98, based on 998 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. Global Testing's current Days Payable of 23.62 is 55.4% 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 Global Testing and its competitors. For the Semiconductors industry, the median Days Payable is 52.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Global Testing's current Days Payable is 23.62, which is 27% above median its own 10-year median of 18.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Testing stock overvalued right now?
Based on GuruFocus' analysis, Global Testing (SGX:AYN) is currently considered Fairly Valued. The stock's GF Value™ is S$1.16, compared to a current price of S$1.15 — trading 0.9% below its estimated fair value. The current Days Payable is 23.62, which is 27% above median its 10-year median of 18.66 and 55.4% below the Semiconductors industry median of 52.98. Global Testing's overall GF Score™ is 78/100. 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 Global Testing (SGX:AYN), the current Days Payable is 23.62 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 Global Testing (SGX:AYN) Overvalued in 2026?

Based on GuruFocus' analysis, Global Testing stock appears to be undervalued. The current stock price of S$1.15 is trading 0.9% below its estimated GF Value™ of S$1.16. GuruFocus considers Global Testing to be Fairly Valued.

Key valuation signals for SGX:AYN:

  • Days Payable: 23.62 (27% above median its 10-year median of 18.66)
  • GF Value™: S$1.16 vs. price of S$1.15 (0.9% below fair value)
  • GF Score™: 78/100
  • Industry Position: 55.4% below the Semiconductors median (#839 of 998)

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


Global Testing Business Description

Address No. 75 Guangfu Road, Hu-Kou, Hsin-Chu Industrial Park, Hsin-Chu, TWN, 303
Global Testing Corp Ltd is engaged in providing testing services. The group provides testing services such as wafer sorting and final testing to the semiconductor industry, focusing on logic and mixed-signal semiconductors used in consumer electronics and communication devices. As part of its testing services, it provides test program development, conversion and optimization services, load board and probe card design, and leases its testers to its customers for trial and pilot testing purposes on an ad hoc basis. Geographically the business presence of the company is seen across the region of Singapore, the USA, Taiwan, Thailand, China, Japan, and other countries.
78GF Score

Get the complete analysis for SGX:AYN

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

S$1.15
Price
S$1.16
GF Value