Honmyue Enterprise Co (TPE:1474) Days Payable: 16.85 (As of Dec. 2025) — 38% Below Median


TPE:1474 Honmyue Enterprise Co Ltd TPE:1474
70 GF Score
Price NT$10.50
GF Value NT$11.81
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Honmyue Enterprise Co Days Payable?

Honmyue Enterprise Co TPE:1474 70 Days Payable is 16.85 as of Dec. 2025, which is 38% below its 10-year median of 27.38. GuruFocus rates TPE:1474 with a GF Score™ of 70/100 and a GF Value™ of NT$11.81 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,013 Manufacturing - Apparel & Accessories companies, Honmyue Enterprise Co ranks worse than 82.92% on this metric.

Honmyue Enterprise Co's average Accounts Payable for the three months ended in Dec. 2025 was NT$125 Mil. Honmyue Enterprise Co's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$678 Mil. Hence, Honmyue Enterprise Co's Days Payable for the three months ended in Dec. 2025 was 16.85.

The historical rank and industry rank for Honmyue Enterprise Co's Days Payable or its related term are showing as below:

TPE:1474' s Days Payable Range Over the Past 10 Years
Min: 23.25   Med: 27.38   Max: 35.66
Current: 23.25

During the past 13 years, Honmyue Enterprise Co's highest Days Payable was 35.66. The lowest was 23.25. And the median was 27.38.

TPE:1474's Days Payable is ranked worse than
82.92% of 1013 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.99 vs TPE:1474: 23.25

Honmyue Enterprise Co's Days Payable declined from Dec. 2024 (26.12) to Dec. 2025 (16.85). It may suggest that Honmyue Enterprise Co accelerated paying its suppliers.


Honmyue Enterprise Co Days Payable Historical Data

* Premium members only.

The historical data trend for Honmyue Enterprise Co'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.

Honmyue Enterprise Co Days Payable Chart

Honmyue Enterprise Co 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 24.87 23.86 26.09 27.96 24.88

Honmyue Enterprise Co 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 26.12 29.71 25.44 19.86 16.85

Honmyue Enterprise Co Days Payable Competitor Comparison

For the Textile Manufacturing subindustry, Honmyue 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.


Honmyue Enterprise Co Days Payable vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Honmyue Enterprise Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Honmyue Enterprise Co's Days Payable falls into.


TPE:1474
70GF Score
Honmyue Enterprise Co Ltd TPE:1474
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Honmyue 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.

Honmyue Enterprise Co'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
=( (231.14 + 121.416) / 2 ) / 2586.148*365
=176.278 / 2586.148*365
=24.88

Honmyue Enterprise Co'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
=( (128.806 + 121.416) / 2 ) / 677.699*365 / 4
=125.111 / 677.699*365 / 4
=16.85

* 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 16.85 mean?
Honmyue Enterprise Co (TPE:1474) has a Days Payable of 16.85 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 Honmyue Enterprise Co and its competitors. This is 38% below median its historical median of 27.38. Over the past decade, Honmyue Enterprise Co's Days Payable has ranged from 23.25 to 35.66. According to the industry distribution chart, Honmyue Enterprise Co ranks #840 out of 1013 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 82.9%.
Is Honmyue Enterprise Co's Days Payable too high?
Honmyue Enterprise Co's current Days Payable of 16.85 is 38% below median its 10-year median of 27.38. Over the past 10 years, this metric has ranged from a low of 23.25 to a high of 35.66. The Manufacturing - Apparel & Accessories industry median Days Payable is 53.99. Honmyue Enterprise Co's value of 16.85 is 68.8% below this industry median. Based on the distribution chart, Honmyue Enterprise Co ranks #840 out of 1013 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Honmyue Enterprise Co has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Honmyue Enterprise Co's Days Payable compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Honmyue Enterprise Co ranks #840 out of 1013 companies for Days Payable. This places Honmyue Enterprise Co in the lower half of its industry. The industry median Days Payable is 53.99. Honmyue Enterprise Co's value of 16.85 is 68.8% below this benchmark. Historically, Honmyue Enterprise Co's own Days Payable has ranged from 23.25 to 35.66 over the past decade. While the company's 10-year median is 27.38 vs. the industry median of 53.99, Honmyue 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 a Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 53.99, based on 1,013 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. Honmyue Enterprise Co's current Days Payable of 16.85 is 68.8% 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 Honmyue Enterprise Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 53.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Honmyue Enterprise Co's current Days Payable is 16.85, which is 38% below median its own 10-year median of 27.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honmyue Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Honmyue Enterprise Co (TPE:1474) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$11.81, compared to a current price of NT$10.50 — trading 11.1% below its estimated fair value. The current Days Payable is 16.85, which is 38% below median its 10-year median of 27.38 and 68.8% below the Manufacturing - Apparel & Accessories industry median of 53.99. Honmyue Enterprise Co's overall GF Score™ is 70/100 with 6 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 Honmyue Enterprise Co (TPE:1474), the current Days Payable is 16.85 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 Honmyue Enterprise Co (TPE:1474) Overvalued in 2026?

Based on GuruFocus' analysis, Honmyue Enterprise Co stock appears to be undervalued. The current stock price of NT$10.50 is trading 11.1% below its estimated GF Value™ of NT$11.81. GuruFocus considers Honmyue Enterprise Co to be Modestly Undervalued.

Key valuation signals for TPE:1474:

  • Days Payable: 16.85 (38% below median its 10-year median of 27.38)
  • GF Value™: NT$11.81 vs. price of NT$10.50 (11.1% below fair value)
  • GF Score™: 70/100 with 6 warning signs
  • Industry Position: 68.8% below the Manufacturing - Apparel & Accessories median (#840 of 1013)

No single metric tells the full story. See the TPE:1474 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Honmyue Enterprise Co Business Description

Address No. 60, Gongxi 1st Road, Xidi Village, Shengang Township, Changhua, TWN, 509004
Honmyue Enterprise Co Ltd is engaged in the manufacturing, trading, and domestic and international sales of textiles made of cotton, wool, silk, and synthetic fibers. Its segments are organized into subsidiaries, including Honmyue Enterprise Co., Ltd., which generates maximum revenue; Hongyu Textile (Zhejiang) Co., Ltd.; Nuwa Enterprise Co., Ltd.; and Jiujiang Deyu Textile Co., Ltd. The Company generates maximum revenue from Taiwan.
70GF Score

Get the complete analysis for TPE:1474

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

NT$10.50
Price
NT$11.81
GF Value