TSRCTPE:2103 +0.24%66 Days Payable is 24.10 as of Dec. 2025, which is 6% below its 10-year median of 25.55. GuruFocus rates TPE:2103 with a GF Score™ of 66/100 and a GF Value™ of NT$26.57 (Modestly Undervalued). The stock has 11 warning signs investors should review. Among 1,556 Chemicals companies, TSRC ranks worse than 85.99% on this metric.
TSRC's average Accounts Payable for the
three
months ended in Dec. 2025 was NT$1,987 Mil. TSRC's Cost of Goods Sold for the
three
months ended in Dec. 2025 was NT$7,520 Mil.
Hence, TSRC's Days Payable for the
three
months ended in Dec. 2025 was 24.10.
The historical rank and industry rank for TSRC's Days Payable or its related term are showing as below:
TPE:2103'
s Days Payable Range Over the Past 10 Years
Min: 22.56 Med: 25.55 Max: 35.44
Current: 24.11
During the past 13 years, TSRC's highest Days Payable was 35.44. The lowest was 22.56. And the median was 25.55.
TPE:2103's Days Payable is ranked worse than 85.99% of 1556
companies
in the Chemicals industry
Industry Median: 59.915
vs TPE:2103: 24.11
TSRC's Days Payable
declined
from Dec. 2024 (26.49) to Dec. 2025 (24.10).
It may suggest that TSRCaccelerated paying its suppliers.
TSRC Days Payable Related Terms
TSRC Days Payable Historical Data
* Premium members only.
The historical data trend for TSRC'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:2103 vs LIN, SHW, ECL: Days Payable Comparison
For the Specialty Chemicals subindustry, TSRC'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.
TSRC Days Payable vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, TSRC's Days Payable distribution charts can be found below:
* The bar in red indicates where TSRC'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.
TSRC'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.
TSRC (TPE:2103) has a Days Payable of 24.10 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 TSRC and its competitors. This is near median its historical median of 25.55. Over the past decade, TSRC's Days Payable has ranged from 22.56 to 35.44. According to the industry distribution chart, TSRC ranks #1338 out of 1556 companies in the Chemicals industry, placing it in the top 86%.
Is TSRC's Days Payable too high?
TSRC's current Days Payable of 24.10 is near median its 10-year median of 25.55. Over the past 10 years, this metric has ranged from a low of 22.56 to a high of 35.44. The Chemicals industry median Days Payable is 59.92. TSRC's value of 24.10 is 59.8% below this industry median. Based on the distribution chart, TSRC ranks #1338 out of 1556 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, TSRC has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TSRC's Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, TSRC ranks #1338 out of 1556 companies for Days Payable. This places TSRC in the lower half of its industry. The industry median Days Payable is 59.92. TSRC's value of 24.10 is 59.8% below this benchmark. Historically, TSRC's own Days Payable has ranged from 22.56 to 35.44 over the past decade. While the company's 10-year median is 25.55 vs. the industry median of 59.92, TSRC 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 Chemicals company?
The median Days Payable among Chemicals companies is 59.92, based on 1,556 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. TSRC's current Days Payable of 24.10 is 59.8% 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 TSRC and its competitors. For the Chemicals industry, the median Days Payable is 59.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSRC's current Days Payable is 24.10, which is near median its own 10-year median of 25.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSRC stock overvalued right now?
Based on GuruFocus' analysis, TSRC (TPE:2103) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$26.57, compared to a current price of NT$20.70 — trading 22.1% below its estimated fair value. The current Days Payable is 24.10, which is near median its 10-year median of 25.55 and 59.8% below the Chemicals industry median of 59.92. TSRC's overall GF Score™ is 66/100 with 11 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 TSRC (TPE:2103), the current Days Payable is 24.10 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 TSRC (TPE:2103) Overvalued in 2026?
Based on GuruFocus' analysis, TSRC stock appears to be undervalued.
The current stock price of NT$20.70 is trading 22.1% below its estimated GF Value™ of NT$26.57.
GuruFocus considers TSRC to be Modestly Undervalued.
Key valuation signals for TPE:2103:
Days Payable: 24.10 (near median its 10-year median of 25.55)
GF Value™: NT$26.57 vs. price of NT$20.70 (22.1% below fair value)
Industry Position: 59.8% below the Chemicals median (#1338 of 1556)
No single metric tells the full story. See the TPE:2103 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TSRC Corporation is a rubber manufacturer based out of Taiwan. The company offers tire products globally, with Asian markets accounting for the majority of the company's sales. Product offerings are divided into the Synthetic Rubber business and Applied polymer business. Under the Synthetic Rubber business, tires are built to improve abrasion resistance and provide low rolling resistance and wet grip resistance. Consumers of TSRC Corp tire products depend on products to deliver reduced fuel consumption and meet a host of regulations and environmental conditions. Products under the Applied Polymers business are often used in high-grade shoe soles, asphalt modification, plastic modification, adhesives, and other end markets. Its geographical segments are Asia, America, Europe, and Others.
66GF Score
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