International CSRC Investment Holdings Co (TPE:2104) Days Payable: 26.45 (As of Dec. 2025) — 11% Above Median


TPE:2104 International CSRC Investment Holdings Co Ltd TPE:2104
61 GF Score
Price NT$10.30
GF Value NT$12.38
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is International CSRC Investment Holdings Co Days Payable?

International CSRC Investment Holdings Co TPE:2104 +0.49% 61 Days Payable is 26.45 as of Dec. 2025, which is 11% above its 10-year median of 23.75. GuruFocus rates TPE:2104 with a GF Score™ of 61/100 and a GF Value™ of NT$12.38 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,555 Chemicals companies, International CSRC Investment Holdings Co ranks worse than 89.77% on this metric.

International CSRC Investment Holdings Co's average Accounts Payable for the three months ended in Dec. 2025 was NT$1,087 Mil. International CSRC Investment Holdings Co's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$3,750 Mil. Hence, International CSRC Investment Holdings Co's Days Payable for the three months ended in Dec. 2025 was 26.45.

The historical rank and industry rank for International CSRC Investment Holdings Co's Days Payable or its related term are showing as below:

TPE:2104' s Days Payable Range Over the Past 10 Years
Min: 15.7   Med: 23.75   Max: 28.93
Current: 21.06

During the past 13 years, International CSRC Investment Holdings Co's highest Days Payable was 28.93. The lowest was 15.70. And the median was 23.75.

TPE:2104's Days Payable is ranked worse than
89.77% of 1555 companies
in the Chemicals industry
Industry Median: 59.95 vs TPE:2104: 21.06

International CSRC Investment Holdings Co's Days Payable increased from Dec. 2024 (22.55) to Dec. 2025 (26.45). It may suggest that International CSRC Investment Holdings Co delayed paying its suppliers.


International CSRC Investment Holdings Co Days Payable Related Terms


International CSRC Investment Holdings Co Days Payable Historical Data

* Premium members only.

The historical data trend for International CSRC Investment Holdings 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.

International CSRC Investment Holdings Co Days Payable Chart

International CSRC Investment Holdings Co 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 21.42 15.70 16.99 20.23 23.08

International CSRC Investment Holdings Co 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 22.55 19.23 16.43 20.64 26.45

TPE:2104 vs LIN, SHW, ECL: Days Payable Comparison

For the Specialty Chemicals subindustry, International CSRC Investment Holdings 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.


International CSRC Investment Holdings Co Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, International CSRC Investment Holdings Co's Days Payable distribution charts can be found below:

* The bar in red indicates where International CSRC Investment Holdings Co's Days Payable falls into.


TPE:2104
61GF Score
International CSRC Investment Holdings Co Ltd TPE:2104
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

International CSRC Investment Holdings Co 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.

International CSRC Investment Holdings Co'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
=( (1026.7 + 1014.099) / 2 ) / 16134.225*365
=1020.3995 / 16134.225*365
=23.08

International CSRC Investment Holdings Co'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
=( (1159.809 + 1014.099) / 2 ) / 3749.554*365 / 4
=1086.954 / 3749.554*365 / 4
=26.45

* 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 26.45 mean?
International CSRC Investment Holdings Co (TPE:2104) has a Days Payable of 26.45 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 International CSRC Investment Holdings Co and its competitors. This is 11% above median its historical median of 23.75. Over the past decade, International CSRC Investment Holdings Co's Days Payable has ranged from 15.70 to 28.93. According to the industry distribution chart, International CSRC Investment Holdings Co ranks #1396 out of 1555 companies in the Chemicals industry, placing it in the top 89.8%.
Is International CSRC Investment Holdings Co's Days Payable too high?
International CSRC Investment Holdings Co's current Days Payable of 26.45 is 11% above median its 10-year median of 23.75. Over the past 10 years, this metric has ranged from a low of 15.70 to a high of 28.93. The Chemicals industry median Days Payable is 59.95. International CSRC Investment Holdings Co's value of 26.45 is 55.9% below this industry median. Based on the distribution chart, International CSRC Investment Holdings Co ranks #1396 out of 1555 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, International CSRC Investment Holdings Co has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does International CSRC Investment Holdings Co's Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, International CSRC Investment Holdings Co ranks #1396 out of 1555 companies for Days Payable. This places International CSRC Investment Holdings Co in the lower half of its industry. The industry median Days Payable is 59.95. International CSRC Investment Holdings Co's value of 26.45 is 55.9% below this benchmark. Historically, International CSRC Investment Holdings Co's own Days Payable has ranged from 15.70 to 28.93 over the past decade. While the company's 10-year median is 23.75 vs. the industry median of 59.95, International CSRC Investment Holdings 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 Chemicals company?
The median Days Payable among Chemicals companies is 59.95, based on 1,555 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. International CSRC Investment Holdings Co's current Days Payable of 26.45 is 55.9% 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 International CSRC Investment Holdings Co and its competitors. For the Chemicals industry, the median Days Payable is 59.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. International CSRC Investment Holdings Co's current Days Payable is 26.45, which is 11% above median its own 10-year median of 23.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International CSRC Investment Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, International CSRC Investment Holdings Co (TPE:2104) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$12.38, compared to a current price of NT$10.30 — trading 16.8% below its estimated fair value. The current Days Payable is 26.45, which is 11% above median its 10-year median of 23.75 and 55.9% below the Chemicals industry median of 59.95. International CSRC Investment Holdings Co's overall GF Score™ is 61/100 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 International CSRC Investment Holdings Co (TPE:2104), the current Days Payable is 26.45 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 International CSRC Investment Holdings Co (TPE:2104) Overvalued in 2026?

Based on GuruFocus' analysis, International CSRC Investment Holdings Co stock appears to be undervalued. The current stock price of NT$10.30 is trading 16.8% below its estimated GF Value™ of NT$12.38. GuruFocus considers International CSRC Investment Holdings Co to be Modestly Undervalued.

Key valuation signals for TPE:2104:

  • Days Payable: 26.45 (11% above median its 10-year median of 23.75)
  • GF Value™: NT$12.38 vs. price of NT$10.30 (16.8% below fair value)
  • GF Score™: 61/100 with 5 warning signs
  • Industry Position: 55.9% below the Chemicals median (#1396 of 1555)

No single metric tells the full story. See the TPE:2104 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


International CSRC Investment Holdings Co Business Description

Address Zhongshan North Road, 8th Floor, No.113, Section 2, Taipei, TWN, 104
International CSRC Investment Holdings Co Ltd produces carbon black, a material for tire and other rubber products. It started power and steam co-generation system operations in December. The corporation also engages in biotechnology research and development. Its products and services include Tire Applications, Application of rubber products, Application of plastic products, Ink and Coating Application, Battery material applications, Ouroboros solutions, and Testing and analysis services. Its segments include Carbon Black, Biotechnology, and Others with the majority of revenue deriving from Carbon Black. It operates in two principal geographical areas: Asia and America with majority of revenue deriving from Aisa.
61GF Score

Get the complete analysis for TPE:2104

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

NT$10.30
Price
NT$12.38
GF Value