Micro-Star International Co (TPE:2377) Days Payable: 73.20 (As of Dec. 2025) — 13% Above Median


TPE:2377 Micro-Star International Co Ltd TPE:2377
82 GF Score
Price NT$143.00
GF Value NT$203.54
Valuation Possible Value Trap
! 5 Warning Signs
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What is Micro-Star International Co Days Payable?

Micro-Star International Co TPE:2377 82 Days Payable is 73.20 as of Dec. 2025, which is 13% above its 10-year median of 64.84. GuruFocus rates TPE:2377 with a GF Score™ of 82/100 and a GF Value™ of NT$203.54 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 2,440 Hardware companies, Micro-Star International Co ranks worse than 50.61% on this metric.

Micro-Star International Co's average Accounts Payable for the three months ended in Dec. 2025 was NT$41,074 Mil. Micro-Star International Co's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$51,206 Mil. Hence, Micro-Star International Co's Days Payable for the three months ended in Dec. 2025 was 73.20.

The historical rank and industry rank for Micro-Star International Co's Days Payable or its related term are showing as below:

TPE:2377' s Days Payable Range Over the Past 10 Years
Min: 55.19   Med: 64.84   Max: 71.5
Current: 69.54

During the past 13 years, Micro-Star International Co's highest Days Payable was 71.50. The lowest was 55.19. And the median was 64.84.

TPE:2377's Days Payable is ranked worse than
50.61% of 2440 companies
in the Hardware industry
Industry Median: 69.935 vs TPE:2377: 69.54

Micro-Star International Co's Days Payable increased from Dec. 2024 (60.28) to Dec. 2025 (73.20). It may suggest that Micro-Star International Co delayed paying its suppliers.


Micro-Star International Co Days Payable Historical Data

* Premium members only.

The historical data trend for Micro-Star International 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.

Micro-Star International Co Days Payable Chart

Micro-Star International 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 68.18 69.14 55.97 55.85 57.99

Micro-Star International 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 60.28 66.20 70.66 79.38 73.20

TPE:2377 vs SNDK, DELL, STX: Days Payable Comparison

For the Computer Hardware subindustry, Micro-Star International 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.


Micro-Star International Co Days Payable vs Hardware Industry

For the Hardware industry and Technology sector, Micro-Star International Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Micro-Star International Co's Days Payable falls into.


TPE:2377
82GF Score
Micro-Star International Co Ltd TPE:2377
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Micro-Star International 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.

Micro-Star International 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
=( (28710.338 + 36419.677) / 2 ) / 204983.825*365
=32565.0075 / 204983.825*365
=57.99

Micro-Star International 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
=( (45729.143 + 36419.677) / 2 ) / 51206.035*365 / 4
=41074.41 / 51206.035*365 / 4
=73.20

* 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 73.20 mean?
Micro-Star International Co (TPE:2377) has a Days Payable of 73.20 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 Micro-Star International Co and its competitors. This is 13% above median its historical median of 64.84. Over the past decade, Micro-Star International Co's Days Payable has ranged from 55.19 to 71.50. According to the industry distribution chart, Micro-Star International Co ranks #1235 out of 2440 companies in the Hardware industry, placing it in the top 50.6%.
Is Micro-Star International Co's Days Payable too high?
Micro-Star International Co's current Days Payable of 73.20 is 13% above median its 10-year median of 64.84. Over the past 10 years, this metric has ranged from a low of 55.19 to a high of 71.50. The Hardware industry median Days Payable is 69.94. Micro-Star International Co's value of 73.20 is 4.7% above this industry median. Based on the distribution chart, Micro-Star International Co ranks #1235 out of 2440 companies in the Hardware industry, which is below the industry midpoint. Overall, Micro-Star International Co has a GF Score™ of 82/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Micro-Star International Co's Days Payable compare to SNDK and DELL?
According to the Hardware industry distribution chart, Micro-Star International Co ranks #1235 out of 2440 companies for Days Payable. This places Micro-Star International Co in the lower half of its industry. The industry median Days Payable is 69.94. Micro-Star International Co's value of 73.20 is 4.7% above this benchmark. Historically, Micro-Star International Co's own Days Payable has ranged from 55.19 to 71.50 over the past decade. While the company's 10-year median is 64.84 vs. the industry median of 69.94, Micro-Star International Co has consistently been above 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 Hardware company?
The median Days Payable among Hardware companies is 69.94, based on 2,440 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. Micro-Star International Co's current Days Payable of 73.20 is 4.7% above 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 Micro-Star International Co and its competitors. For the Hardware industry, the median Days Payable is 69.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Micro-Star International Co's current Days Payable is 73.20, which is 13% above median its own 10-year median of 64.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Micro-Star International Co stock overvalued right now?
Based on GuruFocus' analysis, Micro-Star International Co (TPE:2377) is currently considered Possible Value Trap. The stock's GF Value™ is NT$203.54, compared to a current price of NT$143.00 — trading 29.7% below its estimated fair value. The current Days Payable is 73.20, which is 13% above median its 10-year median of 64.84 and 4.7% above the Hardware industry median of 69.94. Micro-Star International Co's overall GF Score™ is 82/100 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 Micro-Star International Co (TPE:2377), the current Days Payable is 73.20 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 Micro-Star International Co (TPE:2377) Overvalued in 2026?

Based on GuruFocus' analysis, Micro-Star International Co stock appears to be undervalued. The current stock price of NT$143.00 is trading 29.7% below its estimated GF Value™ of NT$203.54. GuruFocus considers Micro-Star International Co to be Possible Value Trap.

Key valuation signals for TPE:2377:

  • Days Payable: 73.20 (13% above median its 10-year median of 64.84)
  • GF Value™: NT$203.54 vs. price of NT$143.00 (29.7% below fair value)
  • GF Score™: 82/100 with 5 warning signs
  • Industry Position: 4.7% above the Hardware median (#1235 of 2440)

No single metric tells the full story. See the TPE:2377 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Micro-Star International Co Business Description

Address No. 69, Lide Street, Zhonghe District, New Taipei, TWN, 235
Micro-Star International Co Ltd is a manufacturer and distributor of computer hardware products, particularly gaming laptops and hardware. The company has single reportable segment which is Computer and IT segment. Its other products include laptops, motherboards, graphics cards, all-in-one PCs, mobile workstations, barebone computers, servers, multimedia peripherals to vehicle infotainment solutions, smart cleaning robots, and Wi-Fi cameras. Geographically, it generates revenue from Asia, Europe, America and others.
82GF Score

Get the complete analysis for TPE:2377

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

NT$143.00
Price
NT$203.54
GF Value