Hiroca Holdings (TPE:1338) Days Payable: 87.48 (As of Mar. 2026) — 15% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:1338 Hiroca Holdings Ltd TPE:1338
50 GF Score
Price NT$14.70
GF Value NT$29.92
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Hiroca Holdings Days Payable?

Hiroca Holdings TPE:1338 +0.34% 50 Days Payable is 87.48 as of Mar. 2026, which is 15% above its 10-year median of 76.01. GuruFocus rates TPE:1338 with a GF Score™ of 50/100 and a GF Value™ of NT$29.92 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,312 Vehicles & Parts companies, Hiroca Holdings ranks better than 56.17% on this metric.

Hiroca Holdings's average Accounts Payable for the three months ended in Mar. 2026 was NT$830 Mil. Hiroca Holdings's Cost of Goods Sold for the three months ended in Mar. 2026 was NT$866 Mil. Hence, Hiroca Holdings's Days Payable for the three months ended in Mar. 2026 was 87.48.

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

TPE:1338' s Days Payable Range Over the Past 10 Years
Min: 70.83   Med: 76.01   Max: 95.54
Current: 74.02

During the past 13 years, Hiroca Holdings's highest Days Payable was 95.54. The lowest was 70.83. And the median was 76.01.

TPE:1338's Days Payable is ranked better than
56.17% of 1312 companies
in the Vehicles & Parts industry
Industry Median: 66.61 vs TPE:1338: 74.02

Hiroca Holdings's Days Payable increased from Mar. 2025 (79.49) to Mar. 2026 (87.48). It may suggest that Hiroca Holdings delayed paying its suppliers.


Hiroca Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Hiroca Holdings'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.

Hiroca Holdings Days Payable Chart

Hiroca Holdings 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 87.78 75.13 76.33 78.79 80.89

Hiroca Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 79.49 70.37 65.25 75.48 87.48

TPE:1338 vs ORLY, AZO: Days Payable Comparison

For the Auto Parts subindustry, Hiroca Holdings'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.


Hiroca Holdings Days Payable vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Hiroca Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Hiroca Holdings's Days Payable falls into.


TPE:1338
50GF Score
Hiroca Holdings Ltd TPE:1338
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hiroca Holdings 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.

Hiroca Holdings'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
=( (812.375 + 961.181) / 2 ) / 4001.444*365
=886.778 / 4001.444*365
=80.89

Hiroca Holdings's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (961.181 + 698.654) / 2 ) / 865.674*365 / 4
=829.9175 / 865.674*365 / 4
=87.48

* 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 87.48 mean?
Hiroca Holdings (TPE:1338) has a Days Payable of 87.48 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 Hiroca Holdings and its competitors. This is 15% above median its historical median of 76.01. Over the past decade, Hiroca Holdings' Days Payable has ranged from 70.83 to 95.54. According to the industry distribution chart, Hiroca Holdings ranks #575 out of 1312 companies in the Vehicles & Parts industry, placing it in the top 43.8%.
Is Hiroca Holdings' Days Payable too high?
Hiroca Holdings' current Days Payable of 87.48 is 15% above median its 10-year median of 76.01. Over the past 10 years, this metric has ranged from a low of 70.83 to a high of 95.54. The Vehicles & Parts industry median Days Payable is 66.61. Hiroca Holdings' value of 87.48 is 31.3% above this industry median. Based on the distribution chart, Hiroca Holdings ranks #575 out of 1312 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Hiroca Holdings has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hiroca Holdings' Days Payable compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Hiroca Holdings ranks #575 out of 1312 companies for Days Payable. This puts Hiroca Holdings in the upper half of its industry. The industry median Days Payable is 66.61. Hiroca Holdings' value of 87.48 is 31.3% above this benchmark. Historically, Hiroca Holdings' own Days Payable has ranged from 70.83 to 95.54 over the past decade. While the company's 10-year median is 76.01 vs. the industry median of 66.61, Hiroca Holdings has consistently been above 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 Vehicles & Parts company?
The median Days Payable among Vehicles & Parts companies is 66.61, based on 1,312 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. Hiroca Holdings's current Days Payable of 87.48 is 31.3% above 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 Hiroca Holdings and its competitors. For the Vehicles & Parts industry, the median Days Payable is 66.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hiroca Holdings's current Days Payable is 87.48, which is 15% above median its own 10-year median of 76.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hiroca Holdings stock overvalued right now?
Based on GuruFocus' analysis, Hiroca Holdings (TPE:1338) is currently considered Possible Value Trap. The stock's GF Value™ is NT$29.92, compared to a current price of NT$14.70 — trading 50.9% below its estimated fair value. The current Days Payable is 87.48, which is 15% above median its 10-year median of 76.01 and 31.3% above the Vehicles & Parts industry median of 66.61. Hiroca Holdings' overall GF Score™ is 50/100 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 Hiroca Holdings (TPE:1338), the current Days Payable is 87.48 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 Hiroca Holdings (TPE:1338) Overvalued in 2026?

Based on GuruFocus' analysis, Hiroca Holdings stock appears to be undervalued. The current stock price of NT$14.70 is trading 50.9% below its estimated GF Value™ of NT$29.92. GuruFocus considers Hiroca Holdings to be Possible Value Trap.

Key valuation signals for TPE:1338:

  • Days Payable: 87.48 (15% above median its 10-year median of 76.01)
  • GF Value™: NT$29.92 vs. price of NT$14.70 (50.9% below fair value)
  • GF Score™: 50/100 with 7 warning signs
  • Industry Position: 31.3% above the Vehicles & Parts median (#575 of 1312)

No single metric tells the full story. See the TPE:1338 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hiroca Holdings Business Description

Address Qiaotou Third Industrial Zone, Houjie Town, Guangdong Province, Dongguan, CHN
Hiroca Holdings Ltd mainly engages in the production and sales of a variety of automotive trim parts, electronic plastic parts, plastic corrugated board, and molds. It provides products and services of Interior, Exterior, and Lighting. The company generates a majority of its revenue from the sale of automotive spare parts and the rest from other products and services. Geographically, it derives key revenue from Mainland China and the rest from America and other regions.
50GF Score

Get the complete analysis for TPE:1338

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

NT$14.70
Price
NT$29.92
GF Value