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Cheng LoongTPE:1904 +1.24%70 Days Payable is 66.57 as of Mar. 2026, which is 5% above its 10-year median of 63.58. GuruFocus rates TPE:1904 with a GF Score™ of 70/100 and a GF Value™ of NT$21.94 (Modestly Overvalued). The stock has 12 warning signs investors should review. Among 276 Forest Products companies, Cheng Loong ranks better than 55.43% on this metric.
Cheng Loong's average Accounts Payable for the
three
months ended in Mar. 2026 was NT$6,035 Mil. Cheng Loong's Cost of Goods Sold for the
three
months ended in Mar. 2026 was NT$8,272 Mil.
Hence, Cheng Loong's Days Payable for the
three
months ended in Mar. 2026 was 66.57.
The historical rank and industry rank for Cheng Loong's Days Payable or its related term are showing as below:
TPE:1904'
s Days Payable Range Over the Past 10 Years
Min: 56.1 Med: 63.58 Max: 68.39
Current: 61.36
During the past 13 years, Cheng Loong's highest Days Payable was 68.39. The lowest was 56.10. And the median was 63.58.
TPE:1904's Days Payable is ranked better than 55.43% of 276
companies
in the Forest Products industry
Industry Median: 56.48
vs TPE:1904: 61.36
Cheng Loong's Days Payable
increased
from Mar. 2025 (60.49) to Mar. 2026 (66.57).
It may suggest that Cheng Loongdelayed paying its suppliers.
The historical data trend for Cheng Loong'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.
For the Paper & Paper Products subindustry, Cheng Loong'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.
Cheng Loong Days Payable vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Cheng Loong's Days Payable distribution charts can be found below:
* The bar in red indicates where Cheng Loong'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.
Cheng Loong'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.
Cheng Loong (TPE:1904) has a Days Payable of 66.57 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 Cheng Loong and its competitors. This is near median its historical median of 63.58. Over the past decade, Cheng Loong's Days Payable has ranged from 56.10 to 68.39. According to the industry distribution chart, Cheng Loong ranks #123 out of 276 companies in the Forest Products industry, placing it in the top 44.6%.
Is Cheng Loong's Days Payable too high?
Cheng Loong's current Days Payable of 66.57 is near median its 10-year median of 63.58. Over the past 10 years, this metric has ranged from a low of 56.10 to a high of 68.39. The Forest Products industry median Days Payable is 56.48. Cheng Loong's value of 66.57 is 17.9% above this industry median. Based on the distribution chart, Cheng Loong ranks #123 out of 276 companies in the Forest Products industry, which is above the industry midpoint. Overall, Cheng Loong has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cheng Loong's Days Payable compare to competitors?
According to the Forest Products industry distribution chart, Cheng Loong ranks #123 out of 276 companies for Days Payable. This puts Cheng Loong in the upper half of its industry. The industry median Days Payable is 56.48. Cheng Loong's value of 66.57 is 17.9% above this benchmark. Historically, Cheng Loong's own Days Payable has ranged from 56.10 to 68.39 over the past decade. While the company's 10-year median is 63.58 vs. the industry median of 56.48, Cheng Loong 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 Forest Products company?
The median Days Payable among Forest Products companies is 56.48, based on 276 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. Cheng Loong's current Days Payable of 66.57 is 17.9% 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 Cheng Loong and its competitors. For the Forest Products industry, the median Days Payable is 56.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cheng Loong's current Days Payable is 66.57, which is near median its own 10-year median of 63.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cheng Loong stock overvalued right now?
Based on GuruFocus' analysis, Cheng Loong (TPE:1904) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$21.94, compared to a current price of NT$24.50 — trading 11.7% above its estimated fair value. The current Days Payable is 66.57, which is near median its 10-year median of 63.58 and 17.9% above the Forest Products industry median of 56.48. Cheng Loong's overall GF Score™ is 70/100 with 12 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 Cheng Loong (TPE:1904), the current Days Payable is 66.57 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 Cheng Loong (TPE:1904) Overvalued in 2026?
Based on GuruFocus' analysis, Cheng Loong stock appears to be overvalued.
The current stock price of NT$24.50 is trading 11.7% above its estimated GF Value™ of NT$21.94.
GuruFocus considers Cheng Loong to be Modestly Overvalued.
Key valuation signals for TPE:1904:
Days Payable: 66.57 (near median its 10-year median of 63.58)
GF Value™: NT$21.94 vs. price of NT$24.50 (11.7% above fair value)
Industry Position: 17.9% above the Forest Products median (#123 of 276)
No single metric tells the full story. See the TPE:1904 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cheng Loong Corp manufactures and sells a variety of paper products. The company is engaged in the manufacturing and sale of paper products, materials for paper products, corrugated cartons, and related products. It is also engaged in building commercial and residential premises for rent and sale in partnership with construction companies. The company generates a majority of its revenue from the manufacturing and sale of industrial paper, corrugated containers, and related products. Its geographical segments are Taiwan, which generates key revenue, China, and Southeast Asia.
70GF Score
Get the complete analysis for TPE:1904
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