Chinese Maritime Transport (TPE:2612) Days Payable: 13.66 (As of Dec. 2025) — 19% Below Median


TPE:2612 Chinese Maritime Transport Ltd TPE:2612
89 GF Score
Price NT$53.60
GF Value NT$53.06
Valuation Fairly Valued
! 7 Warning Signs
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What is Chinese Maritime Transport Days Payable?

Chinese Maritime Transport TPE:2612 +3.88% 89 Days Payable is 13.66 as of Dec. 2025, which is 19% below its 10-year median of 16.86. GuruFocus rates TPE:2612 with a GF Score™ of 89/100 and a GF Value™ of NT$53.06 (Fairly Valued). The stock has 7 warning signs investors should review. Among 968 Transportation companies, Chinese Maritime Transport ranks worse than 89.05% on this metric.

Chinese Maritime Transport's average Accounts Payable for the three months ended in Dec. 2025 was NT$124 Mil. Chinese Maritime Transport's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$826 Mil. Hence, Chinese Maritime Transport's Days Payable for the three months ended in Dec. 2025 was 13.66.

The historical rank and industry rank for Chinese Maritime Transport's Days Payable or its related term are showing as below:

TPE:2612' s Days Payable Range Over the Past 10 Years
Min: 14.25   Med: 16.86   Max: 21.03
Current: 14.25

During the past 13 years, Chinese Maritime Transport's highest Days Payable was 21.03. The lowest was 14.25. And the median was 16.86.

TPE:2612's Days Payable is ranked worse than
89.05% of 968 companies
in the Transportation industry
Industry Median: 39.085 vs TPE:2612: 14.25

Chinese Maritime Transport's Days Payable declined from Dec. 2024 (14.12) to Dec. 2025 (13.66). It may suggest that Chinese Maritime Transport accelerated paying its suppliers.


Chinese Maritime Transport Days Payable Historical Data

* Premium members only.

The historical data trend for Chinese Maritime Transport'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.

Chinese Maritime Transport Days Payable Chart

Chinese Maritime Transport 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 20.66 20.07 16.56 15.04 15.22

Chinese Maritime Transport 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 14.12 14.32 14.04 14.00 13.66

TPE:2612 vs UPS, FDX, JBHT: Days Payable Comparison

For the Integrated Freight & Logistics subindustry, Chinese Maritime Transport'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.


Chinese Maritime Transport Days Payable vs Transportation Industry

For the Transportation industry and Industrials sector, Chinese Maritime Transport's Days Payable distribution charts can be found below:

* The bar in red indicates where Chinese Maritime Transport's Days Payable falls into.


TPE:2612
89GF Score
Chinese Maritime Transport Ltd TPE:2612
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Chinese Maritime Transport 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.

Chinese Maritime Transport'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
=( (139.447 + 134.778) / 2 ) / 3287.464*365
=137.1125 / 3287.464*365
=15.22

Chinese Maritime Transport'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
=( (112.717 + 134.778) / 2 ) / 826.437*365 / 4
=123.7475 / 826.437*365 / 4
=13.66

* 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 13.66 mean?
Chinese Maritime Transport (TPE:2612) has a Days Payable of 13.66 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 Chinese Maritime Transport and its competitors. This is 19% below median its historical median of 16.86. Over the past decade, Chinese Maritime Transport's Days Payable has ranged from 14.25 to 21.03. According to the industry distribution chart, Chinese Maritime Transport ranks #862 out of 968 companies in the Transportation industry, placing it in the top 89%.
Is Chinese Maritime Transport's Days Payable too high?
Chinese Maritime Transport's current Days Payable of 13.66 is 19% below median its 10-year median of 16.86. Over the past 10 years, this metric has ranged from a low of 14.25 to a high of 21.03. The Transportation industry median Days Payable is 39.09. Chinese Maritime Transport's value of 13.66 is 65.1% below this industry median. Based on the distribution chart, Chinese Maritime Transport ranks #862 out of 968 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Chinese Maritime Transport has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Chinese Maritime Transport's Days Payable compare to UPS and FDX?
According to the Transportation industry distribution chart, Chinese Maritime Transport ranks #862 out of 968 companies for Days Payable. This places Chinese Maritime Transport in the lower half of its industry. The industry median Days Payable is 39.09. Chinese Maritime Transport's value of 13.66 is 65.1% below this benchmark. Historically, Chinese Maritime Transport's own Days Payable has ranged from 14.25 to 21.03 over the past decade. While the company's 10-year median is 16.86 vs. the industry median of 39.09, Chinese Maritime Transport 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 39.09, 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. Chinese Maritime Transport's current Days Payable of 13.66 is 65.1% 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 Chinese Maritime Transport and its competitors. For the Transportation industry, the median Days Payable is 39.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chinese Maritime Transport's current Days Payable is 13.66, which is 19% below median its own 10-year median of 16.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chinese Maritime Transport stock overvalued right now?
Based on GuruFocus' analysis, Chinese Maritime Transport (TPE:2612) is currently considered Fairly Valued. The stock's GF Value™ is NT$53.06, compared to a current price of NT$53.60 — trading 1% above its estimated fair value. The current Days Payable is 13.66, which is 19% below median its 10-year median of 16.86 and 65.1% below the Transportation industry median of 39.09. Chinese Maritime Transport's overall GF Score™ is 89/100 with 7 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 Chinese Maritime Transport (TPE:2612), the current Days Payable is 13.66 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 Chinese Maritime Transport (TPE:2612) Overvalued in 2026?

Based on GuruFocus' analysis, Chinese Maritime Transport stock appears to be overvalued. The current stock price of NT$53.60 is trading 1% above its estimated GF Value™ of NT$53.06. GuruFocus considers Chinese Maritime Transport to be Fairly Valued.

Key valuation signals for TPE:2612:

  • Days Payable: 13.66 (19% below median its 10-year median of 16.86)
  • GF Value™: NT$53.06 vs. price of NT$53.60 (1% above fair value)
  • GF Score™: 89/100 with 7 warning signs
  • Industry Position: 65.1% below the Transportation median (#862 of 968)

No single metric tells the full story. See the TPE:2612 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chinese Maritime Transport Business Description

Address No. 15, Jinan Road, 4th Floor, Section 1, Taipei, TWN, 10051
Chinese Maritime Transport Ltd is engaged in the bulk-carrier transportation through its subsidiaries. It also owns investment companies to engage in the business of investment. The company provides container hauling, vessel transportation, warehousing and related services. The company operates in two reportable segments: Land Transportation and the Logistics, and Sea Transportation. The company generates the majority of revenue from its Shipping department, which engages in the bulk carrier business. Geographically, the company generates revenue from Asia, America, Europe, and Oceania.
89GF Score

Get the complete analysis for TPE:2612

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

NT$53.60
Price
NT$53.06
GF Value