Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
CSBC TaiwanTPE:2208 -5.85%49 Days Payable is 39.21 as of Mar. 2026, which is 76% above its 10-year median of 22.33. GuruFocus rates TPE:2208 with a GF Score™ of 49/100 and a GF Value™ of NT$18.52 (Fairly Valued). The stock has 6 warning signs investors should review. Among 340 Aerospace & Defense companies, CSBC Taiwan ranks worse than 80% on this metric.
CSBC Taiwan's average Accounts Payable for the
three
months ended in Mar. 2026 was NT$2,032 Mil. CSBC Taiwan's Cost of Goods Sold for the
three
months ended in Mar. 2026 was NT$4,730 Mil.
Hence, CSBC Taiwan's Days Payable for the
three
months ended in Mar. 2026 was 39.21.
The historical rank and industry rank for CSBC Taiwan's Days Payable or its related term are showing as below:
TPE:2208'
s Days Payable Range Over the Past 10 Years
Min: 17.72 Med: 22.33 Max: 48.11
Current: 33.71
During the past 13 years, CSBC Taiwan's highest Days Payable was 48.11. The lowest was 17.72. And the median was 22.33.
TPE:2208's Days Payable is ranked worse than 80% of 340
companies
in the Aerospace & Defense industry
Industry Median: 64.565
vs TPE:2208: 33.71
CSBC Taiwan's Days Payable
declined
from Mar. 2025 (43.54) to Mar. 2026 (39.21).
It may suggest that CSBC Taiwanaccelerated paying its suppliers.
CSBC Taiwan Days Payable Related Terms
CSBC Taiwan Days Payable Historical Data
* Premium members only.
The historical data trend for CSBC Taiwan'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:2208 vs SPCX, GE, RTX: Days Payable Comparison
For the Aerospace & Defense subindustry, CSBC Taiwan'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.
CSBC Taiwan Days Payable vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, CSBC Taiwan's Days Payable distribution charts can be found below:
* The bar in red indicates where CSBC Taiwan'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.
CSBC Taiwan'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.
CSBC Taiwan (TPE:2208) has a Days Payable of 39.21 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on CSBC Taiwan and its competitors. This is 76% above median its historical median of 22.33. Over the past decade, CSBC Taiwan's Days Payable has ranged from 17.72 to 48.11. According to the industry distribution chart, CSBC Taiwan ranks #272 out of 340 companies in the Aerospace & Defense industry, placing it in the top 80%.
Is CSBC Taiwan's Days Payable too high?
CSBC Taiwan's current Days Payable of 39.21 is 76% above median its 10-year median of 22.33. Over the past 10 years, this metric has ranged from a low of 17.72 to a high of 48.11. The Aerospace & Defense industry median Days Payable is 64.57. CSBC Taiwan's value of 39.21 is 39.3% below this industry median. Based on the distribution chart, CSBC Taiwan ranks #272 out of 340 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, CSBC Taiwan has a GF Score™ of 49/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CSBC Taiwan's Days Payable compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, CSBC Taiwan ranks #272 out of 340 companies for Days Payable. This places CSBC Taiwan in the lower half of its industry. The industry median Days Payable is 64.57. CSBC Taiwan's value of 39.21 is 39.3% below this benchmark. Historically, CSBC Taiwan's own Days Payable has ranged from 17.72 to 48.11 over the past decade. While the company's 10-year median is 22.33 vs. the industry median of 64.57, CSBC Taiwan 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 Aerospace & Defense company?
The median Days Payable among Aerospace & Defense companies is 64.57, based on 340 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. CSBC Taiwan's current Days Payable of 39.21 is 39.3% 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 CSBC Taiwan and its competitors. For the Aerospace & Defense industry, the median Days Payable is 64.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CSBC Taiwan's current Days Payable is 39.21, which is 76% above median its own 10-year median of 22.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CSBC Taiwan stock overvalued right now?
Based on GuruFocus' analysis, CSBC Taiwan (TPE:2208) is currently considered Fairly Valued. The stock's GF Value™ is NT$18.52, compared to a current price of NT$20.10 — trading 8.5% above its estimated fair value. The current Days Payable is 39.21, which is 76% above median its 10-year median of 22.33 and 39.3% below the Aerospace & Defense industry median of 64.57. CSBC Taiwan's overall GF Score™ is 49/100 with 6 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 CSBC Taiwan (TPE:2208), the current Days Payable is 39.21 as of Mar. 2026. 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 CSBC Taiwan (TPE:2208) Overvalued in 2026?
Based on GuruFocus' analysis, CSBC Taiwan stock appears to be overvalued.
The current stock price of NT$20.10 is trading 8.5% above its estimated GF Value™ of NT$18.52.
GuruFocus considers CSBC Taiwan to be Fairly Valued.
Key valuation signals for TPE:2208:
Days Payable: 39.21 (76% above median its 10-year median of 22.33)
GF Value™: NT$18.52 vs. price of NT$20.10 (8.5% above fair value)
Industry Position: 39.3% below the Aerospace & Defense median (#272 of 340)
No single metric tells the full story. See the TPE:2208 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CSBC Corp Taiwan is engaged in the design, construction, repair, and conversion of ships and offshore engineering equipment. The company operates through four segments: Construction of Ships and Vessels, Machinery Building, Ship/Vessel Repairs, and All Other Segments. The Construction of Ships and Vessels segment, which contributes the majority of revenue, focuses on the manufacture and repair of marine vessels, oil drilling rigs, and onshore equipment. Geographically, it generates the majority of its revenue from Taiwan.
49GF Score
Get the complete analysis for TPE:2208
Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:2208 has been successfully added to your 
