Formosa PlasticsTPE:1301 +4.02%58 Days Payable is 22.57 as of Mar. 2026, which is 8% below its 10-year median of 24.63. GuruFocus rates TPE:1301 with a GF Score™ of 58/100 and a GF Value™ of NT$44.71 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,555 Chemicals companies, Formosa Plastics ranks worse than 88.04% on this metric.
The historical rank and industry rank for Formosa Plastics's Days Payable or its related term are showing as below:
TPE:1301'
s Days Payable Range Over the Past 10 Years
Min: 22.42 Med: 24.63 Max: 28.15
Current: 22.42
During the past 13 years, Formosa Plastics's highest Days Payable was 28.15. The lowest was 22.42. And the median was 24.63.
TPE:1301's Days Payable is ranked worse than 88.04% of 1555
companies
in the Chemicals industry
Industry Median: 59.95
vs TPE:1301: 22.42
Formosa Plastics's Days Payable
declined
from Mar. 2025 (24.86) to Mar. 2026 (22.57).
It may suggest that Formosa Plasticsaccelerated paying its suppliers.
Formosa Plastics Days Payable Related Terms
Formosa Plastics Days Payable Historical Data
* Premium members only.
The historical data trend for Formosa Plastics'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.
TPE:1301 vs LIN, SHW, ECL: Days Payable Comparison
For the Specialty Chemicals subindustry, Formosa Plastics'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.
Formosa Plastics Days Payable vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Formosa Plastics's Days Payable distribution charts can be found below:
* The bar in red indicates where Formosa Plastics's Days Payable falls into.
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.
Formosa Plastics's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Formosa Plastics (TPE:1301) has a Days Payable of 22.57 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Formosa Plastics and its competitors. This is near median its historical median of 24.63. Over the past decade, Formosa Plastics' Days Payable has ranged from 22.42 to 28.15. According to the industry distribution chart, Formosa Plastics ranks #1369 out of 1555 companies in the Chemicals industry, placing it in the top 88%.
Is Formosa Plastics' Days Payable too high?
Formosa Plastics' current Days Payable of 22.57 is near median its 10-year median of 24.63. Over the past 10 years, this metric has ranged from a low of 22.42 to a high of 28.15. The Chemicals industry median Days Payable is 59.95. Formosa Plastics' value of 22.57 is 62.4% below this industry median. Based on the distribution chart, Formosa Plastics ranks #1369 out of 1555 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Formosa Plastics has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Formosa Plastics' Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, Formosa Plastics ranks #1369 out of 1555 companies for Days Payable. This places Formosa Plastics in the lower half of its industry. The industry median Days Payable is 59.95. Formosa Plastics' value of 22.57 is 62.4% below this benchmark. Historically, Formosa Plastics' own Days Payable has ranged from 22.42 to 28.15 over the past decade. While the company's 10-year median is 24.63 vs. the industry median of 59.95, Formosa Plastics 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 Chemicals company?
The median Days Payable among Chemicals companies is 59.95, based on 1,555 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. Formosa Plastics's current Days Payable of 22.57 is 62.4% 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 Formosa Plastics and its competitors. For the Chemicals industry, the median Days Payable is 59.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Formosa Plastics's current Days Payable is 22.57, which is near median its own 10-year median of 24.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Formosa Plastics stock overvalued right now?
Based on GuruFocus' analysis, Formosa Plastics (TPE:1301) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$44.71, compared to a current price of NT$62.10 — trading 38.9% above its estimated fair value. The current Days Payable is 22.57, which is near median its 10-year median of 24.63 and 62.4% below the Chemicals industry median of 59.95. Formosa Plastics' overall GF Score™ is 58/100 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 Formosa Plastics (TPE:1301), the current Days Payable is 22.57 as of Mar. 2026. 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 Formosa Plastics (TPE:1301) Overvalued in 2026?
Based on GuruFocus' analysis, Formosa Plastics stock appears to be overvalued.
The current stock price of NT$62.10 is trading 38.9% above its estimated GF Value™ of NT$44.71.
GuruFocus considers Formosa Plastics to be Significantly Overvalued.
Key valuation signals for TPE:1301:
Days Payable: 22.57 (near median its 10-year median of 24.63)
GF Value™: NT$44.71 vs. price of NT$62.10 (38.9% above fair value)
Industry Position: 62.4% below the Chemicals median (#1369 of 1555)
No single metric tells the full story. See the TPE:1301 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Formosa Plastics Corp is a holding company that, through its subsidiaries, manufactures and sells plastic-based products, chemical fibers, and petrochemicals. The company operates in five reportable segments: Plastics Division, Polyolefins Division, Polypropylene Division, Tairylan Division, and Chemical Division. The majority of revenue is derived from the Plastic division. Geographically, the company operates in Taiwan, mainland China, and other countries, with the maximum revenue generated from Taiwan.
58GF Score
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