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The historical rank and industry rank for Hai Kwang Enterprise's Days Payable or its related term are showing as below:
TPE:2038'
s Days Payable Range Over the Past 10 Years
Min: 12.31 Med: 16.36 Max: 21.03
Current: 12.31
During the past 13 years, Hai Kwang Enterprise's highest Days Payable was 21.03. The lowest was 12.31. And the median was 16.36.
TPE:2038's Days Payable is ranked worse than 87.77% of 597
companies
in the Steel industry
Industry Median: 42.21
vs TPE:2038: 12.31
Hai Kwang Enterprise's Days Payable
increased
from Jun. 2025 (10.91) to Jun. 2026 (11.73).
It may suggest that Hai Kwang Enterprisedelayed paying its suppliers.
The historical data trend for Hai Kwang Enterprise'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:2038 vs NUE, STLD, RS: Days Payable Comparison
For the Steel subindustry, Hai Kwang Enterprise'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.
Hai Kwang Enterprise Days Payable vs Steel Industry
For the Steel industry and Basic Materials sector, Hai Kwang Enterprise's Days Payable distribution charts can be found below:
* The bar in red indicates where Hai Kwang Enterprise'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.
Hai Kwang Enterprise'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.
Hai Kwang Enterprise (TPE:2038) has a Days Payable of 11.73 as of Jun. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Hai Kwang Enterprise and its competitors. This is 28% below median its historical median of 16.36. Over the past decade, Hai Kwang Enterprise's Days Payable has ranged from 12.31 to 21.03. According to the industry distribution chart, Hai Kwang Enterprise ranks #524 out of 597 companies in the Steel industry, placing it in the top 87.8%.
Is Hai Kwang Enterprise's Days Payable too high?
Hai Kwang Enterprise's current Days Payable of 11.73 is 28% below median its 10-year median of 16.36. Over the past 10 years, this metric has ranged from a low of 12.31 to a high of 21.03. The Steel industry median Days Payable is 42.21. Hai Kwang Enterprise's value of 11.73 is 72.2% below this industry median. Based on the distribution chart, Hai Kwang Enterprise ranks #524 out of 597 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Hai Kwang Enterprise has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hai Kwang Enterprise's Days Payable compare to NUE and STLD?
According to the Steel industry distribution chart, Hai Kwang Enterprise ranks #524 out of 597 companies for Days Payable. This places Hai Kwang Enterprise in the lower half of its industry. The industry median Days Payable is 42.21. Hai Kwang Enterprise's value of 11.73 is 72.2% below this benchmark. Historically, Hai Kwang Enterprise's own Days Payable has ranged from 12.31 to 21.03 over the past decade. While the company's 10-year median is 16.36 vs. the industry median of 42.21, Hai Kwang Enterprise 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 42.21, 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. Hai Kwang Enterprise's current Days Payable of 11.73 is 72.2% 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 Hai Kwang Enterprise and its competitors. For the Steel industry, the median Days Payable is 42.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hai Kwang Enterprise's current Days Payable is 11.73, which is 28% below median its own 10-year median of 16.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hai Kwang Enterprise stock overvalued right now?
Based on GuruFocus' analysis, Hai Kwang Enterprise (TPE:2038) is currently considered Fairly Valued. The stock's GF Value™ is NT$13.30, compared to a current price of NT$12.90 — trading 3% below its estimated fair value. The current Days Payable is 11.73, which is 28% below median its 10-year median of 16.36 and 72.2% below the Steel industry median of 42.21. Hai Kwang Enterprise's overall GF Score™ is 68/100 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 Hai Kwang Enterprise (TPE:2038), the current Days Payable is 11.73 as of Jun. 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 Hai Kwang Enterprise (TPE:2038) Overvalued in 2026?
Based on GuruFocus' analysis, Hai Kwang Enterprise stock appears to be undervalued.
The current stock price of NT$12.90 is trading 3% below its estimated GF Value™ of NT$13.30.
GuruFocus considers Hai Kwang Enterprise to be Fairly Valued.
Key valuation signals for TPE:2038:
Days Payable: 11.73 (28% below median its 10-year median of 16.36)
GF Value™: NT$13.30 vs. price of NT$12.90 (3% below fair value)
Industry Position: 72.2% below the Steel median (#524 of 597)
No single metric tells the full story. See the TPE:2038 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hai Kwang Enterprise Corp is engaged in the manufacture, processing, sale, and trade of billets and reinforcing steel bars. The Company also engages in real estate rental and leasing. It operates through Hai Kwang Enterprise Co., Ltd and Zheng Tung (formerly E Chang), with Hai Kwang Enterprise Co., Ltd generating maximum revenue. The main operating location of the Company and its subsidiaries is Taiwan.
68GF Score
Get the complete analysis for TPE:2038
Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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