FederalTPE:2102 +1.12%63 Days Payable is 52.03 as of Dec. 2025, which is 125% above its 10-year median of 23.10. GuruFocus rates TPE:2102 with a GF Score™ of 63/100 and a GF Value™ of NT$16.66 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,311 Vehicles & Parts companies, Federal ranks worse than 59.57% on this metric.
Federal's average Accounts Payable for the
three
months ended in Dec. 2025 was NT$29.9 Mil. Federal's Cost of Goods Sold for the
three
months ended in Dec. 2025 was NT$52.5 Mil.
Hence, Federal's Days Payable for the
three
months ended in Dec. 2025 was 52.03.
The historical rank and industry rank for Federal's Days Payable or its related term are showing as below:
TPE:2102'
s Days Payable Range Over the Past 10 Years
Min: 14.11 Med: 23.1 Max: 55.55
Current: 55.55
During the past 13 years, Federal's highest Days Payable was 55.55. The lowest was 14.11. And the median was 23.10.
TPE:2102's Days Payable is ranked worse than 59.57% of 1311
companies
in the Vehicles & Parts industry
Industry Median: 67.02
vs TPE:2102: 55.55
Federal's Days Payable
increased
from Dec. 2024 (42.24) to Dec. 2025 (52.03).
It may suggest that Federaldelayed paying its suppliers.
Federal Days Payable Related Terms
Federal Days Payable Historical Data
* Premium members only.
The historical data trend for Federal'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 Auto Parts subindustry, Federal'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.
Federal Days Payable vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Federal's Days Payable distribution charts can be found below:
* The bar in red indicates where Federal'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.
Federal'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.
Federal (TPE:2102) has a Days Payable of 52.03 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 Federal and its competitors. This is 125% above median its historical median of 23.10. Over the past decade, Federal's Days Payable has ranged from 14.11 to 55.55. According to the industry distribution chart, Federal ranks #781 out of 1311 companies in the Vehicles & Parts industry, placing it in the top 59.6%.
Is Federal's Days Payable too high?
Federal's current Days Payable of 52.03 is 125% above median its 10-year median of 23.10. Over the past 10 years, this metric has ranged from a low of 14.11 to a high of 55.55. The Vehicles & Parts industry median Days Payable is 67.02. Federal's value of 52.03 is 22.4% below this industry median. Based on the distribution chart, Federal ranks #781 out of 1311 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Federal has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Federal's Days Payable compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Federal ranks #781 out of 1311 companies for Days Payable. This places Federal in the lower half of its industry. The industry median Days Payable is 67.02. Federal's value of 52.03 is 22.4% below this benchmark. Historically, Federal's own Days Payable has ranged from 14.11 to 55.55 over the past decade. While the company's 10-year median is 23.10 vs. the industry median of 67.02, Federal 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 Vehicles & Parts company?
The median Days Payable among Vehicles & Parts companies is 67.02, based on 1,311 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. Federal's current Days Payable of 52.03 is 22.4% 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 Federal and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Federal's current Days Payable is 52.03, which is 125% above median its own 10-year median of 23.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Federal stock overvalued right now?
Based on GuruFocus' analysis, Federal (TPE:2102) is currently considered Fairly Valued. The stock's GF Value™ is NT$16.66, compared to a current price of NT$18.10 — trading 8.6% above its estimated fair value. The current Days Payable is 52.03, which is 125% above median its 10-year median of 23.10 and 22.4% below the Vehicles & Parts industry median of 67.02. Federal's overall GF Score™ is 63/100 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 Federal (TPE:2102), the current Days Payable is 52.03 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 Federal (TPE:2102) Overvalued in 2026?
Based on GuruFocus' analysis, Federal stock appears to be overvalued.
The current stock price of NT$18.10 is trading 8.6% above its estimated GF Value™ of NT$16.66.
GuruFocus considers Federal to be Fairly Valued.
Key valuation signals for TPE:2102:
Days Payable: 52.03 (125% above median its 10-year median of 23.10)
GF Value™: NT$16.66 vs. price of NT$18.10 (8.6% above fair value)
Industry Position: 22.4% below the Vehicles & Parts median (#781 of 1311)
No single metric tells the full story. See the TPE:2102 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Federal Corp is a Taiwan-based company that engages in the manufacturing and sale of automobile tires and rubber, as well as real estate development and leasing. Its products include tires for ultra-high performance (UHP) vehicles and high-performance vehicles, tires for passenger cars, and tires for sports utility vehicles (SUVs), among others. It also provides light truck tires, drift tires, and all-season tires. The company derives its key revenue from the domestic market and the rest from Asia and America.
63GF Score
Get the complete analysis for TPE:2102
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