Sinkang Industries CoTPE:2032 70 Days Payable is 4.43 as of Dec. 2025, which is 75% above its 10-year median of 2.53. GuruFocus rates TPE:2032 with a GF Score™ of 70/100 and a GF Value™ of NT$16.70 (Fairly Valued). The stock has 10 warning signs investors should review. Among 597 Steel companies, Sinkang Industries Co ranks worse than 95.98% on this metric.
Sinkang Industries Co Days Payable Historical Data
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The historical data trend for Sinkang Industries 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.
TPE:2032 vs NUE, STLD, RS: Days Payable Comparison
For the Steel subindustry, Sinkang Industries 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.
Sinkang Industries Co Days Payable vs Steel Industry
For the Steel industry and Basic Materials sector, Sinkang Industries Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Sinkang Industries Co'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.
Sinkang Industries Co'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.
Sinkang Industries Co (TPE:2032) has a Days Payable of 4.43 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 Sinkang Industries Co and its competitors. This is 75% above median its historical median of 2.53. Over the past decade, Sinkang Industries Co's Days Payable has ranged from 1.35 to 8.72. According to the industry distribution chart, Sinkang Industries Co ranks #573 out of 597 companies in the Steel industry, placing it in the top 96%.
Is Sinkang Industries Co's Days Payable too high?
Sinkang Industries Co's current Days Payable of 4.43 is 75% above median its 10-year median of 2.53. Over the past 10 years, this metric has ranged from a low of 1.35 to a high of 8.72. The Steel industry median Days Payable is 41.39. Sinkang Industries Co's value of 4.43 is 89.3% below this industry median. Based on the distribution chart, Sinkang Industries Co ranks #573 out of 597 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Sinkang Industries Co has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sinkang Industries Co's Days Payable compare to NUE and STLD?
According to the Steel industry distribution chart, Sinkang Industries Co ranks #573 out of 597 companies for Days Payable. This places Sinkang Industries Co in the lower half of its industry. The industry median Days Payable is 41.39. Sinkang Industries Co's value of 4.43 is 89.3% below this benchmark. Historically, Sinkang Industries Co's own Days Payable has ranged from 1.35 to 8.72 over the past decade. While the company's 10-year median is 2.53 vs. the industry median of 41.39, Sinkang Industries 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 Steel company?
The median Days Payable among Steel companies is 41.39, based on 597 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. Sinkang Industries Co's current Days Payable of 4.43 is 89.3% 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 Sinkang Industries Co and its competitors. For the Steel industry, the median Days Payable is 41.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sinkang Industries Co's current Days Payable is 4.43, which is 75% above median its own 10-year median of 2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sinkang Industries Co stock overvalued right now?
Based on GuruFocus' analysis, Sinkang Industries Co (TPE:2032) is currently considered Fairly Valued. The stock's GF Value™ is NT$16.70, compared to a current price of NT$16.45 — trading 1.5% below its estimated fair value. The current Days Payable is 4.43, which is 75% above median its 10-year median of 2.53 and 89.3% below the Steel industry median of 41.39. Sinkang Industries Co's overall GF Score™ is 70/100 with 10 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 Sinkang Industries Co (TPE:2032), the current Days Payable is 4.43 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 Sinkang Industries Co (TPE:2032) Overvalued in 2026?
Based on GuruFocus' analysis, Sinkang Industries Co stock appears to be undervalued.
The current stock price of NT$16.45 is trading 1.5% below its estimated GF Value™ of NT$16.70.
GuruFocus considers Sinkang Industries Co to be Fairly Valued.
Key valuation signals for TPE:2032:
Days Payable: 4.43 (75% above median its 10-year median of 2.53)
GF Value™: NT$16.70 vs. price of NT$16.45 (1.5% below fair value)
Industry Position: 89.3% below the Steel median (#573 of 597)
No single metric tells the full story. See the TPE:2032 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sinkang Industries Co Ltd is engaged in cutting and processing surface treatments for stainless steel. Its business activities include Steel secondary processing, Scrap iron and steel metal processing, Metal structure and architectural components manufacturing, Metal wire products manufacturing, Other fabricated metal products manufacturing, Surface treatments, and Mechanical equipment manufacturing.
70GF Score
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