China Motor (TPE:2204) Days Payable: 8.31 (As of Dec. 2025) — 22% Below Median


TPE:2204 China Motor Corp TPE:2204
73 GF Score
Price NT$57.00
GF Value NT$67.49
Valuation Modestly Undervalued
! 12 Warning Signs
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What is China Motor Days Payable?

China Motor TPE:2204 -1.04% 73 Days Payable is 8.31 as of Dec. 2025, which is 22% below its 10-year median of 10.60. GuruFocus rates TPE:2204 with a GF Score™ of 73/100 and a GF Value™ of NT$67.49 (Modestly Undervalued). The stock has 12 warning signs investors should review. Among 1,308 Vehicles & Parts companies, China Motor ranks worse than 96.87% on this metric.

China Motor's average Accounts Payable for the three months ended in Dec. 2025 was NT$666 Mil. China Motor's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$7,314 Mil. Hence, China Motor's Days Payable for the three months ended in Dec. 2025 was 8.31.

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

TPE:2204' s Days Payable Range Over the Past 10 Years
Min: 8.23   Med: 10.6   Max: 13.29
Current: 9.56

During the past 13 years, China Motor's highest Days Payable was 13.29. The lowest was 8.23. And the median was 10.60.

TPE:2204's Days Payable is ranked worse than
96.87% of 1308 companies
in the Vehicles & Parts industry
Industry Median: 67.035 vs TPE:2204: 9.56

China Motor's Days Payable declined from Dec. 2024 (9.12) to Dec. 2025 (8.31). It may suggest that China Motor accelerated paying its suppliers.


China Motor Days Payable Historical Data

* Premium members only.

The historical data trend for China Motor'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.

China Motor Days Payable Chart

China Motor 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 12.30 12.19 8.90 8.23 9.23

China Motor 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 9.12 9.83 9.86 10.77 8.31

TPE:2204 vs TSLA, GM, F: Days Payable Comparison

For the Auto Manufacturers subindustry, China Motor'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.


China Motor Days Payable vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, China Motor's Days Payable distribution charts can be found below:

* The bar in red indicates where China Motor's Days Payable falls into.


TPE:2204
73GF Score
China Motor Corp TPE:2204
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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China Motor 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.

China Motor'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
=( (722.8 + 654.033) / 2 ) / 27230.743*365
=688.4165 / 27230.743*365
=9.23

China Motor'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
=( (677.551 + 654.033) / 2 ) / 7313.987*365 / 4
=665.792 / 7313.987*365 / 4
=8.31

* 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 8.31 mean?
China Motor (TPE:2204) has a Days Payable of 8.31 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 China Motor and its competitors. This is 22% below median its historical median of 10.60. Over the past decade, China Motor's Days Payable has ranged from 8.23 to 13.29. According to the industry distribution chart, China Motor ranks #1267 out of 1308 companies in the Vehicles & Parts industry, placing it in the top 96.9%.
Is China Motor's Days Payable too high?
China Motor's current Days Payable of 8.31 is 22% below median its 10-year median of 10.60. Over the past 10 years, this metric has ranged from a low of 8.23 to a high of 13.29. The Vehicles & Parts industry median Days Payable is 67.04. China Motor's value of 8.31 is 87.6% below this industry median. Based on the distribution chart, China Motor ranks #1267 out of 1308 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, China Motor has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Motor's Days Payable compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, China Motor ranks #1267 out of 1308 companies for Days Payable. This places China Motor in the lower half of its industry. The industry median Days Payable is 67.04. China Motor's value of 8.31 is 87.6% below this benchmark. Historically, China Motor's own Days Payable has ranged from 8.23 to 13.29 over the past decade. While the company's 10-year median is 10.60 vs. the industry median of 67.04, China Motor 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 67.04, based on 1,308 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. China Motor's current Days Payable of 8.31 is 87.6% 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 China Motor and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Motor's current Days Payable is 8.31, which is 22% below median its own 10-year median of 10.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Motor stock overvalued right now?
Based on GuruFocus' analysis, China Motor (TPE:2204) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$67.49, compared to a current price of NT$57.00 — trading 15.5% below its estimated fair value. The current Days Payable is 8.31, which is 22% below median its 10-year median of 10.60 and 87.6% below the Vehicles & Parts industry median of 67.04. China Motor's overall GF Score™ is 73/100 with 12 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 China Motor (TPE:2204), the current Days Payable is 8.31 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 China Motor (TPE:2204) Overvalued in 2026?

Based on GuruFocus' analysis, China Motor stock appears to be undervalued. The current stock price of NT$57.00 is trading 15.5% below its estimated GF Value™ of NT$67.49. GuruFocus considers China Motor to be Modestly Undervalued.

Key valuation signals for TPE:2204:

  • Days Payable: 8.31 (22% below median its 10-year median of 10.60)
  • GF Value™: NT$67.49 vs. price of NT$57.00 (15.5% below fair value)
  • GF Score™: 73/100 with 12 warning signs
  • Industry Position: 87.6% below the Vehicles & Parts median (#1267 of 1308)

No single metric tells the full story. See the TPE:2204 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Motor Business Description

Address No. 618, Xiucai Road, Yangmei District, Taoyuan, TWN, 326
China Motor Corp is engaged in the manufacture and sale of automobiles and their related parts and components. Its products are Sedan, RVs, LCVs, trucks, EVs, Electric scooters, and AGVs. Its reportable segments were vehicle manufacturing, channel, and others. It generates the majority of its revenue from the Vehicle manufacturing segment.
73GF Score

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

NT$57.00
Price
NT$67.49
GF Value