Tze Shin International Co (TPE:2611) Days Payable: 32.70 (As of Dec. 2025) — 73% Above Median

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TPE:2611 Tze Shin International Co Ltd TPE:2611
66 GF Score
Price NT$14.55
GF Value NT$18.39
Valuation Modestly Undervalued
! 9 Warning Signs
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What is Tze Shin International Co Days Payable?

Tze Shin International Co TPE:2611 -0.34% 66 Days Payable is 32.70 as of Dec. 2025, which is 73% above its 10-year median of 18.94. GuruFocus rates TPE:2611 with a GF Score™ of 66/100 and a GF Value™ of NT$18.39 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 968 Transportation companies, Tze Shin International Co ranks worse than 50.72% on this metric.

Tze Shin International Co's average Accounts Payable for the three months ended in Dec. 2025 was NT$39.8 Mil. Tze Shin International Co's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$111.1 Mil. Hence, Tze Shin International Co's Days Payable for the three months ended in Dec. 2025 was 32.70.

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

TPE:2611' s Days Payable Range Over the Past 10 Years
Min: 15.67   Med: 18.94   Max: 38.34
Current: 38.34

During the past 13 years, Tze Shin International Co's highest Days Payable was 38.34. The lowest was 15.67. And the median was 18.94.

TPE:2611's Days Payable is ranked worse than
50.72% of 968 companies
in the Transportation industry
Industry Median: 38.8 vs TPE:2611: 38.34

Tze Shin International Co's Days Payable declined from Dec. 2024 (48.61) to Dec. 2025 (32.70). It may suggest that Tze Shin International Co accelerated paying its suppliers.


Tze Shin International Co Days Payable Historical Data

* Premium members only.

The historical data trend for Tze Shin 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.

Tze Shin International Co Days Payable Chart

Tze Shin 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 18.44 20.74 27.49 36.48 37.95

Tze Shin 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 48.61 44.60 41.02 35.22 32.70

Tze Shin International Co Days Payable Competitor Comparison

For the Marine Shipping subindustry, Tze Shin 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.


Tze Shin International Co Days Payable vs Transportation Industry

For the Transportation industry and Industrials sector, Tze Shin International Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tze Shin International Co's Days Payable falls into.


TPE:2611
66GF Score
Tze Shin International Co Ltd TPE:2611
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Tze Shin 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.

Tze Shin 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
=( (55.623 + 39.896) / 2 ) / 459.381*365
=47.7595 / 459.381*365
=37.95

Tze Shin 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
=( (39.687 + 39.896) / 2 ) / 111.055*365 / 4
=39.7915 / 111.055*365 / 4
=32.70

* 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 32.70 mean?
Tze Shin International Co (TPE:2611) has a Days Payable of 32.70 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 Tze Shin International Co and its competitors. This is 73% above median its historical median of 18.94. Over the past decade, Tze Shin International Co's Days Payable has ranged from 15.67 to 38.34. According to the industry distribution chart, Tze Shin International Co ranks #491 out of 968 companies in the Transportation industry, placing it in the top 50.7%.
Is Tze Shin International Co's Days Payable too high?
Tze Shin International Co's current Days Payable of 32.70 is 73% above median its 10-year median of 18.94. Over the past 10 years, this metric has ranged from a low of 15.67 to a high of 38.34. The Transportation industry median Days Payable is 38.80. Tze Shin International Co's value of 32.70 is 15.7% below this industry median. Based on the distribution chart, Tze Shin International Co ranks #491 out of 968 companies in the Transportation industry, which is below the industry midpoint. Overall, Tze Shin International Co has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tze Shin International Co's Days Payable compare to competitors?
According to the Transportation industry distribution chart, Tze Shin International Co ranks #491 out of 968 companies for Days Payable. This places Tze Shin International Co in the lower half of its industry. The industry median Days Payable is 38.80. Tze Shin International Co's value of 32.70 is 15.7% below this benchmark. Historically, Tze Shin International Co's own Days Payable has ranged from 15.67 to 38.34 over the past decade. While the company's 10-year median is 18.94 vs. the industry median of 38.80, Tze Shin International Co 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 Transportation company?
The median Days Payable among Transportation companies is 38.80, based on 968 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. Tze Shin International Co's current Days Payable of 32.70 is 15.7% 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 Tze Shin International Co and its competitors. For the Transportation industry, the median Days Payable is 38.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tze Shin International Co's current Days Payable is 32.70, which is 73% above median its own 10-year median of 18.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tze Shin International Co stock overvalued right now?
Based on GuruFocus' analysis, Tze Shin International Co (TPE:2611) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$18.39, compared to a current price of NT$14.55 — trading 20.9% below its estimated fair value. The current Days Payable is 32.70, which is 73% above median its 10-year median of 18.94 and 15.7% below the Transportation industry median of 38.80. Tze Shin International Co's overall GF Score™ is 66/100 with 9 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 Tze Shin International Co (TPE:2611), the current Days Payable is 32.70 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 Tze Shin International Co (TPE:2611) Overvalued in 2026?

Based on GuruFocus' analysis, Tze Shin International Co stock appears to be undervalued. The current stock price of NT$14.55 is trading 20.9% below its estimated GF Value™ of NT$18.39. GuruFocus considers Tze Shin International Co to be Modestly Undervalued.

Key valuation signals for TPE:2611:

  • Days Payable: 32.70 (73% above median its 10-year median of 18.94)
  • GF Value™: NT$18.39 vs. price of NT$14.55 (20.9% below fair value)
  • GF Score™: 66/100 with 9 warning signs
  • Industry Position: 15.7% below the Transportation median (#491 of 968)

No single metric tells the full story. See the TPE:2611 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tze Shin International Co Business Description

Address Section 3, Civic Boulevard, 6th Floor, No. 206, Da\'an District, Taipei, TWN, 104
Tze Shin International Co Ltd operates in the shipping and ports industry. The Company offers long-distance container transshipment; Shipside transportation operations; container haulage; truck freight: transportation of chemicals, gasoline, and diesel tanks, lease of containers, racks, and equipment; and bulk goods; and entrust of construction companies to build commercial, industrial buildings, and public housing for sale and leasing. The company's revenue mainly comes from transportation services and the operation of international tourist hotels. The segments include: Hotel segment, Transportation segment, Construction segment and Other segment, of which Hotel segment derives maximum revenue.
66GF Score

Get the complete analysis for TPE:2611

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

NT$14.55
Price
NT$18.39
GF Value