China Glaze Co (TPE:1809) Days Payable: 31.86 (As of Dec. 2025) — 18% Above Median


TPE:1809 China Glaze Co Ltd TPE:1809
56 GF Score
Price NT$55.40
GF Value NT$18.59
Valuation Significantly Overvalued
! 3 Warning Signs
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What is China Glaze Co Days Payable?

China Glaze Co TPE:1809 +0.36% 56 Days Payable is 31.86 as of Dec. 2025, which is 18% above its 10-year median of 27.00. GuruFocus rates TPE:1809 with a GF Score™ of 56/100 and a GF Value™ of NT$18.59 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,709 Construction companies, China Glaze Co ranks worse than 88.53% on this metric.

China Glaze Co's average Accounts Payable for the three months ended in Dec. 2025 was NT$175 Mil. China Glaze Co's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$501 Mil. Hence, China Glaze Co's Days Payable for the three months ended in Dec. 2025 was 31.86.

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

TPE:1809' s Days Payable Range Over the Past 10 Years
Min: 19.51   Med: 27   Max: 36.15
Current: 31.27

During the past 13 years, China Glaze Co's highest Days Payable was 36.15. The lowest was 19.51. And the median was 27.00.

TPE:1809's Days Payable is ranked worse than
88.53% of 1709 companies
in the Construction industry
Industry Median: 76.72 vs TPE:1809: 31.27

China Glaze Co's Days Payable increased from Dec. 2024 (28.61) to Dec. 2025 (31.86). It may suggest that China Glaze Co delayed paying its suppliers.


China Glaze Co Days Payable Historical Data

* Premium members only.

The historical data trend for China Glaze 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.

China Glaze Co Days Payable Chart

China Glaze 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 26.77 30.48 36.15 33.91 32.90

China Glaze 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 28.61 34.78 29.35 28.02 31.86

TPE:1809 vs TT, JCI, CARR: Days Payable Comparison

For the Building Products & Equipment subindustry, China Glaze 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.


China Glaze Co Days Payable vs Construction Industry

For the Construction industry and Industrials sector, China Glaze Co's Days Payable distribution charts can be found below:

* The bar in red indicates where China Glaze Co's Days Payable falls into.


TPE:1809
56GF Score
China Glaze Co Ltd TPE:1809
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Glaze 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.

China Glaze 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
=( (184.234 + 176.401) / 2 ) / 2000.652*365
=180.3175 / 2000.652*365
=32.90

China Glaze 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
=( (173.126 + 176.401) / 2 ) / 500.601*365 / 4
=174.7635 / 500.601*365 / 4
=31.86

* 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 31.86 mean?
China Glaze Co (TPE:1809) has a Days Payable of 31.86 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 China Glaze Co and its competitors. This is 18% above median its historical median of 27.00. Over the past decade, China Glaze Co's Days Payable has ranged from 19.51 to 36.15. According to the industry distribution chart, China Glaze Co ranks #1513 out of 1709 companies in the Construction industry, placing it in the top 88.5%.
Is China Glaze Co's Days Payable too high?
China Glaze Co's current Days Payable of 31.86 is 18% above median its 10-year median of 27.00. Over the past 10 years, this metric has ranged from a low of 19.51 to a high of 36.15. The Construction industry median Days Payable is 76.72. China Glaze Co's value of 31.86 is 58.5% below this industry median. Based on the distribution chart, China Glaze Co ranks #1513 out of 1709 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, China Glaze Co has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Glaze Co's Days Payable compare to TT and JCI?
According to the Construction industry distribution chart, China Glaze Co ranks #1513 out of 1709 companies for Days Payable. This places China Glaze Co in the lower half of its industry. The industry median Days Payable is 76.72. China Glaze Co's value of 31.86 is 58.5% below this benchmark. Historically, China Glaze Co's own Days Payable has ranged from 19.51 to 36.15 over the past decade. While the company's 10-year median is 27.00 vs. the industry median of 76.72, China Glaze 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 Construction company?
The median Days Payable among Construction companies is 76.72, based on 1,709 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. China Glaze Co's current Days Payable of 31.86 is 58.5% 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 China Glaze Co and its competitors. For the Construction industry, the median Days Payable is 76.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Glaze Co's current Days Payable is 31.86, which is 18% above median its own 10-year median of 27.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Glaze Co stock overvalued right now?
Based on GuruFocus' analysis, China Glaze Co (TPE:1809) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$18.59, compared to a current price of NT$55.40 — trading 198% above its estimated fair value. The current Days Payable is 31.86, which is 18% above median its 10-year median of 27.00 and 58.5% below the Construction industry median of 76.72. China Glaze Co's overall GF Score™ is 56/100 with 3 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 China Glaze Co (TPE:1809), the current Days Payable is 31.86 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 China Glaze Co (TPE:1809) Overvalued in 2026?

Based on GuruFocus' analysis, China Glaze Co stock appears to be overvalued. The current stock price of NT$55.40 is trading 198% above its estimated GF Value™ of NT$18.59. GuruFocus considers China Glaze Co to be Significantly Overvalued.

Key valuation signals for TPE:1809:

  • Days Payable: 31.86 (18% above median its 10-year median of 27.00)
  • GF Value™: NT$18.59 vs. price of NT$55.40 (198% above fair value)
  • GF Score™: 56/100 with 3 warning signs
  • Industry Position: 58.5% below the Construction median (#1513 of 1709)

No single metric tells the full story. See the TPE:1809 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Glaze Co Business Description

Address No. 136, Chung Hsing Road, Section 4, Zhudong Township, Hsinchu, TWN, 31061
China Glaze Co Ltd is engaged in mainly manufacturing and sales of various frit, glaze, pigments, ceramics, crystallized glass, phosphor powder for photoelectric use, and digital textile ink.
56GF Score

Get the complete analysis for TPE:1809

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

NT$55.40
Price
NT$18.59
GF Value