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.
Merry Electronics CoTPE:2439 -0.87%79 Days Payable is 112.33 as of Mar. 2026, which is 8% above its 10-year median of 103.81. GuruFocus rates TPE:2439 with a GF Score™ of 79/100 and a GF Value™ of NT$119.83 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,440 Hardware companies, Merry Electronics Co ranks better than 67.34% on this metric.
The historical rank and industry rank for Merry Electronics Co's Days Payable or its related term are showing as below:
TPE:2439'
s Days Payable Range Over the Past 10 Years
Min: 91.06 Med: 103.81 Max: 114.62
Current: 99.12
During the past 13 years, Merry Electronics Co's highest Days Payable was 114.62. The lowest was 91.06. And the median was 103.81.
TPE:2439's Days Payable is ranked better than 67.34% of 2440
companies
in the Hardware industry
Industry Median: 69.955
vs TPE:2439: 99.12
Merry Electronics Co's Days Payable
declined
from Mar. 2025 (121.78) to Mar. 2026 (112.33).
It may suggest that Merry Electronics Coaccelerated paying its suppliers.
The historical data trend for Merry Electronics 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.
For the Consumer Electronics subindustry, Merry Electronics 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.
Merry Electronics Co Days Payable vs Hardware Industry
For the Hardware industry and Technology sector, Merry Electronics Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Merry Electronics Co'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.
Merry Electronics Co'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.
Merry Electronics Co (TPE:2439) has a Days Payable of 112.33 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 Merry Electronics Co and its competitors. This is near median its historical median of 103.81. Over the past decade, Merry Electronics Co's Days Payable has ranged from 91.06 to 114.62. According to the industry distribution chart, Merry Electronics Co ranks #797 out of 2440 companies in the Hardware industry, placing it in the top 32.7%.
Is Merry Electronics Co's Days Payable too high?
Merry Electronics Co's current Days Payable of 112.33 is near median its 10-year median of 103.81. Over the past 10 years, this metric has ranged from a low of 91.06 to a high of 114.62. The Hardware industry median Days Payable is 69.96. Merry Electronics Co's value of 112.33 is 60.6% above this industry median. Based on the distribution chart, Merry Electronics Co ranks #797 out of 2440 companies in the Hardware industry, which is above the industry midpoint. Overall, Merry Electronics Co has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Merry Electronics Co's Days Payable compare to AAPL?
According to the Hardware industry distribution chart, Merry Electronics Co ranks #797 out of 2440 companies for Days Payable. This puts Merry Electronics Co in the upper half of its industry. The industry median Days Payable is 69.96. Merry Electronics Co's value of 112.33 is 60.6% above this benchmark. Historically, Merry Electronics Co's own Days Payable has ranged from 91.06 to 114.62 over the past decade. While the company's 10-year median is 103.81 vs. the industry median of 69.96, Merry Electronics 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 69.96, 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. Merry Electronics Co's current Days Payable of 112.33 is 60.6% 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 Merry Electronics Co and its competitors. For the Hardware industry, the median Days Payable is 69.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merry Electronics Co's current Days Payable is 112.33, which is near median its own 10-year median of 103.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merry Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Merry Electronics Co (TPE:2439) is currently considered Possible Value Trap. The stock's GF Value™ is NT$119.83, compared to a current price of NT$80.20 — trading 33.1% below its estimated fair value. The current Days Payable is 112.33, which is near median its 10-year median of 103.81 and 60.6% above the Hardware industry median of 69.96. Merry Electronics Co's overall GF Score™ is 79/100 with 4 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 Merry Electronics Co (TPE:2439), the current Days Payable is 112.33 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 Merry Electronics Co (TPE:2439) Overvalued in 2026?
Based on GuruFocus' analysis, Merry Electronics Co stock appears to be undervalued.
The current stock price of NT$80.20 is trading 33.1% below its estimated GF Value™ of NT$119.83.
GuruFocus considers Merry Electronics Co to be Possible Value Trap.
Key valuation signals for TPE:2439:
Days Payable: 112.33 (near median its 10-year median of 103.81)
GF Value™: NT$119.83 vs. price of NT$80.20 (33.1% below fair value)
Industry Position: 60.6% above the Hardware median (#797 of 2440)
No single metric tells the full story. See the TPE:2439 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merry Electronics Co Ltd is a Taiwan-based company that is engaged in producing and selling products, including headsets, speakers, microphones, batteries, and personal sound amplifiers. The company's products are applied to a series of business areas, including mobile devices, audio visual devices, computer peripherals, consumer electronics, and healthcare. The company has service sites located around the world, including in Taiwan, Shenzhen, Singapore, Vietnam, Thailand and others.
79GF Score
Get the complete analysis for TPE:2439
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:2439 has been successfully added to your 
