Hiwin Technologies (TPE:2049) Days Payable: 59.88 (As of Dec. 2025) — 18% Below Median


TPE:2049 Hiwin Technologies Corp TPE:2049
70 GF Score
Price NT$350.00
GF Value NT$231.34
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Hiwin Technologies Days Payable?

Hiwin Technologies TPE:2049 -0.57% 70 Days Payable is 59.88 as of Dec. 2025, which is 18% below its 10-year median of 73.22. GuruFocus rates TPE:2049 with a GF Score™ of 70/100 and a GF Value™ of NT$231.34 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,987 Industrial Products companies, Hiwin Technologies ranks worse than 57.25% on this metric.

Hiwin Technologies's average Accounts Payable for the three months ended in Dec. 2025 was NT$3,113 Mil. Hiwin Technologies's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$4,744 Mil. Hence, Hiwin Technologies's Days Payable for the three months ended in Dec. 2025 was 59.88.

The historical rank and industry rank for Hiwin Technologies's Days Payable or its related term are showing as below:

TPE:2049' s Days Payable Range Over the Past 10 Years
Min: 62.64   Med: 73.22   Max: 106.82
Current: 65.18

During the past 13 years, Hiwin Technologies's highest Days Payable was 106.82. The lowest was 62.64. And the median was 73.22.

TPE:2049's Days Payable is ranked worse than
57.25% of 2987 companies
in the Industrial Products industry
Industry Median: 78.05 vs TPE:2049: 65.18

Hiwin Technologies's Days Payable declined from Dec. 2024 (65.83) to Dec. 2025 (59.88). It may suggest that Hiwin Technologies accelerated paying its suppliers.


Hiwin Technologies Days Payable Historical Data

* Premium members only.

The historical data trend for Hiwin Technologies'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.

Hiwin Technologies Days Payable Chart

Hiwin Technologies 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 77.68 69.95 62.64 65.33 69.27

Hiwin Technologies 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 65.83 70.02 64.57 62.89 59.88

TPE:2049 vs SNA, RBC, LECO: Days Payable Comparison

For the Tools & Accessories subindustry, Hiwin Technologies'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.


Hiwin Technologies Days Payable vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hiwin Technologies's Days Payable distribution charts can be found below:

* The bar in red indicates where Hiwin Technologies's Days Payable falls into.


TPE:2049
70GF Score
Hiwin Technologies Corp TPE:2049
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hiwin Technologies 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.

Hiwin Technologies'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
=( (3314.994 + 3246.016) / 2 ) / 17284.79*365
=3280.505 / 17284.79*365
=69.27

Hiwin Technologies'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
=( (2980.792 + 3246.016) / 2 ) / 4744.17*365 / 4
=3113.404 / 4744.17*365 / 4
=59.88

* 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 59.88 mean?
Hiwin Technologies (TPE:2049) has a Days Payable of 59.88 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 Hiwin Technologies and its competitors. This is 18% below median its historical median of 73.22. Over the past decade, Hiwin Technologies' Days Payable has ranged from 62.64 to 106.82. According to the industry distribution chart, Hiwin Technologies ranks #1710 out of 2987 companies in the Industrial Products industry, placing it in the top 57.2%.
Is Hiwin Technologies' Days Payable too high?
Hiwin Technologies' current Days Payable of 59.88 is 18% below median its 10-year median of 73.22. Over the past 10 years, this metric has ranged from a low of 62.64 to a high of 106.82. The Industrial Products industry median Days Payable is 78.05. Hiwin Technologies' value of 59.88 is 23.3% below this industry median. Based on the distribution chart, Hiwin Technologies ranks #1710 out of 2987 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Hiwin Technologies has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hiwin Technologies' Days Payable compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Hiwin Technologies ranks #1710 out of 2987 companies for Days Payable. This places Hiwin Technologies in the lower half of its industry. The industry median Days Payable is 78.05. Hiwin Technologies' value of 59.88 is 23.3% below this benchmark. Historically, Hiwin Technologies' own Days Payable has ranged from 62.64 to 106.82 over the past decade. While the company's 10-year median is 73.22 vs. the industry median of 78.05, Hiwin Technologies 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 78.05, based on 2,987 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. Hiwin Technologies's current Days Payable of 59.88 is 23.3% 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 Hiwin Technologies and its competitors. For the Industrial Products industry, the median Days Payable is 78.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hiwin Technologies's current Days Payable is 59.88, which is 18% below median its own 10-year median of 73.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hiwin Technologies stock overvalued right now?
Based on GuruFocus' analysis, Hiwin Technologies (TPE:2049) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$231.34, compared to a current price of NT$350.00 — trading 51.3% above its estimated fair value. The current Days Payable is 59.88, which is 18% below median its 10-year median of 73.22 and 23.3% below the Industrial Products industry median of 78.05. Hiwin Technologies' overall GF Score™ is 70/100 with 5 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 Hiwin Technologies (TPE:2049), the current Days Payable is 59.88 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 Hiwin Technologies (TPE:2049) Overvalued in 2026?

Based on GuruFocus' analysis, Hiwin Technologies stock appears to be overvalued. The current stock price of NT$350.00 is trading 51.3% above its estimated GF Value™ of NT$231.34. GuruFocus considers Hiwin Technologies to be Significantly Overvalued.

Key valuation signals for TPE:2049:

  • Days Payable: 59.88 (18% below median its 10-year median of 73.22)
  • GF Value™: NT$231.34 vs. price of NT$350.00 (51.3% above fair value)
  • GF Score™: 70/100 with 5 warning signs
  • Industry Position: 23.3% below the Industrial Products median (#1710 of 2987)

No single metric tells the full story. See the TPE:2049 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hiwin Technologies Business Description

Address No. 7, Jingke Road, Precision Machinery Park, Taichung, TWN, 408208
Hiwin Technologies Corp manufactures and sells ballscrews, linear guideways, industrial robots, aerospace automation equipment parts, computer numerical control (CNC) milling machines and medical equipment. Other products include Ball Spline, Linear Guideway Bearings, etc. The company's reportable segments are linear guideways, ballscrews, and others. The majority of revenue is generated from the Linear guideways segment. Geographically, it derives the maximum revenue from Taiwan, followed by China, Germany, Japan, the United States, and Others.
70GF Score

Get the complete analysis for TPE:2049

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

NT$350.00
Price
NT$231.34
GF Value