C Sun Manufacturing (TPE:2467) Days Payable: 147.97 (As of Sep. 2025) — 55% Above Median


TPE:2467 C Sun Manufacturing Ltd TPE:2467
70 GF Score
Price NT$560.00
GF Value NT$232.66
Valuation Significantly Overvalued
! 8 Warning Signs
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What is C Sun Manufacturing Days Payable?

C Sun Manufacturing TPE:2467 -4.27% 70 Days Payable is 147.97 as of Sep. 2025, which is 55% above its 10-year median of 95.64. GuruFocus rates TPE:2467 with a GF Score™ of 70/100 and a GF Value™ of NT$232.66 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 2,992 Industrial Products companies, C Sun Manufacturing ranks better than 72.26% on this metric.

C Sun Manufacturing's average Accounts Payable for the three months ended in Sep. 2025 was NT$1,389 Mil. C Sun Manufacturing's Cost of Goods Sold for the three months ended in Sep. 2025 was NT$857 Mil. Hence, C Sun Manufacturing's Days Payable for the three months ended in Sep. 2025 was 147.97.

The historical rank and industry rank for C Sun Manufacturing's Days Payable or its related term are showing as below:

TPE:2467' s Days Payable Range Over the Past 10 Years
Min: 85.8   Med: 95.64   Max: 138.08
Current: 134.44

During the past 13 years, C Sun Manufacturing's highest Days Payable was 138.08. The lowest was 85.80. And the median was 95.64.

TPE:2467's Days Payable is ranked better than
72.26% of 2992 companies
in the Industrial Products industry
Industry Median: 78.08 vs TPE:2467: 134.44

C Sun Manufacturing's Days Payable increased from Sep. 2024 (145.77) to Sep. 2025 (147.97). It may suggest that C Sun Manufacturing delayed paying its suppliers.


C Sun Manufacturing Days Payable Historical Data

* Premium members only.

The historical data trend for C Sun Manufacturing'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.

C Sun Manufacturing Days Payable Chart

C Sun Manufacturing Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 132.88 96.60 91.83 138.08 117.66

C Sun Manufacturing Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 145.77 119.66 136.75 128.44 147.97

TPE:2467 vs GEV, ETN, PH: Days Payable Comparison

For the Specialty Industrial Machinery subindustry, C Sun Manufacturing'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.


C Sun Manufacturing Days Payable vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, C Sun Manufacturing's Days Payable distribution charts can be found below:

* The bar in red indicates where C Sun Manufacturing's Days Payable falls into.


TPE:2467
70GF Score
C Sun Manufacturing Ltd TPE:2467
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

C Sun Manufacturing 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.

C Sun Manufacturing's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

Days Payable (A: Dec. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2023 ) + Accounts Payable (A: Dec. 2024 )) / count ) / Cost of Goods Sold (A: Dec. 2024 )*Days in Period
=( (778.649 + 1049.193) / 2 ) / 2835.109*365
=913.921 / 2835.109*365
=117.66

C Sun Manufacturing's Days Payable for the quarter that ended in Sep. 2025 is calculated as:

Days Payable (Q: Sep. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2025 ) + Accounts Payable (Q: Sep. 2025 )) / count ) / Cost of Goods Sold (Q: Sep. 2025 )*Days in Period
=( (1289.228 + 1488.975) / 2 ) / 856.646*365 / 4
=1389.1015 / 856.646*365 / 4
=147.97

* 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 147.97 mean?
C Sun Manufacturing (TPE:2467) has a Days Payable of 147.97 as of Sep. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on C Sun Manufacturing and its competitors. This is 55% above median its historical median of 95.64. Over the past decade, C Sun Manufacturing's Days Payable has ranged from 85.80 to 138.08. According to the industry distribution chart, C Sun Manufacturing ranks #830 out of 2992 companies in the Industrial Products industry, placing it in the top 27.7%.
Is C Sun Manufacturing's Days Payable too high?
C Sun Manufacturing's current Days Payable of 147.97 is 55% above median its 10-year median of 95.64. Over the past 10 years, this metric has ranged from a low of 85.80 to a high of 138.08. The Industrial Products industry median Days Payable is 78.08. C Sun Manufacturing's value of 147.97 is 89.5% above this industry median. Based on the distribution chart, C Sun Manufacturing ranks #830 out of 2992 companies in the Industrial Products industry, which is above the industry midpoint. Overall, C Sun Manufacturing has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does C Sun Manufacturing's Days Payable compare to GEV and ETN?
According to the Industrial Products industry distribution chart, C Sun Manufacturing ranks #830 out of 2992 companies for Days Payable. This puts C Sun Manufacturing in the upper half of its industry. The industry median Days Payable is 78.08. C Sun Manufacturing's value of 147.97 is 89.5% above this benchmark. Historically, C Sun Manufacturing's own Days Payable has ranged from 85.80 to 138.08 over the past decade. While the company's 10-year median is 95.64 vs. the industry median of 78.08, C Sun Manufacturing 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 78.08, based on 2,992 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. C Sun Manufacturing's current Days Payable of 147.97 is 89.5% 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 C Sun Manufacturing and its competitors. For the Industrial Products industry, the median Days Payable is 78.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. C Sun Manufacturing's current Days Payable is 147.97, which is 55% above median its own 10-year median of 95.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is C Sun Manufacturing stock overvalued right now?
Based on GuruFocus' analysis, C Sun Manufacturing (TPE:2467) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$232.66, compared to a current price of NT$560.00 — trading 140.7% above its estimated fair value. The current Days Payable is 147.97, which is 55% above median its 10-year median of 95.64 and 89.5% above the Industrial Products industry median of 78.08. C Sun Manufacturing's overall GF Score™ is 70/100 with 8 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 C Sun Manufacturing (TPE:2467), the current Days Payable is 147.97 as of Sep. 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 C Sun Manufacturing (TPE:2467) Overvalued in 2026?

Based on GuruFocus' analysis, C Sun Manufacturing stock appears to be overvalued. The current stock price of NT$560.00 is trading 140.7% above its estimated GF Value™ of NT$232.66. GuruFocus considers C Sun Manufacturing to be Significantly Overvalued.

Key valuation signals for TPE:2467:

  • Days Payable: 147.97 (55% above median its 10-year median of 95.64)
  • GF Value™: NT$232.66 vs. price of NT$560.00 (140.7% above fair value)
  • GF Score™: 70/100 with 8 warning signs
  • Industry Position: 89.5% above the Industrial Products median (#830 of 2992)

No single metric tells the full story. See the TPE:2467 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


C Sun Manufacturing Business Description

Address Number. 2-1 Kung 8th Road, 2nd Industrial Park, Lin Kou District, Taipei, TWN
C Sun Manufacturing Ltd is engaged in electron, semiconductors, liquid crystal displays(LCD), printed circuit boards, textiles, plastics, rubber, printing, chemical industry, aerospace and other industrial box ovens, tunnel ovens, UV drying equipment, UV exposure equipment, automatic equipment, plasma generator (PRS series), automatic system integration technology, research, development, related parts manufacturing, maintenance, sales, import and export business. The company's operating segment includes: C Sun Mfg. Ltd; Csun Technology (Guangzhou) Co., Ltd; Suzhou Top Creation Machines Co., Ltd; and Other. Geographically, it operates in Taiwan, China, and Others, of which Taiwan generates maximum revenue.
70GF Score

Get the complete analysis for TPE:2467

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

NT$560.00
Price
NT$232.66
GF Value