IEI Integration (TPE:3022) Days Payable: 126.20 (As of Dec. 2025) — 26% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TPE:3022 IEI Integration Corp TPE:3022
82 GF Score
Price NT$87.30
GF Value NT$79.43
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is IEI Integration Days Payable?

IEI Integration TPE:3022 +1.16% 82 Days Payable is 126.20 as of Dec. 2025, which is 26% above its 10-year median of 99.79. GuruFocus rates TPE:3022 with a GF Score™ of 82/100 and a GF Value™ of NT$79.43 (Fairly Valued). The stock has 8 warning signs investors should review. Among 2,443 Hardware companies, IEI Integration ranks better than 73.02% on this metric.

IEI Integration's average Accounts Payable for the three months ended in Dec. 2025 was NT$1,439 Mil. IEI Integration's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$1,040 Mil. Hence, IEI Integration's Days Payable for the three months ended in Dec. 2025 was 126.20.

The historical rank and industry rank for IEI Integration's Days Payable or its related term are showing as below:

TPE:3022' s Days Payable Range Over the Past 10 Years
Min: 90.29   Med: 99.79   Max: 122.16
Current: 110.77

During the past 13 years, IEI Integration's highest Days Payable was 122.16. The lowest was 90.29. And the median was 99.79.

TPE:3022's Days Payable is ranked better than
73.02% of 2443 companies
in the Hardware industry
Industry Median: 69.89 vs TPE:3022: 110.77

IEI Integration's Days Payable increased from Dec. 2024 (110.81) to Dec. 2025 (126.20). It may suggest that IEI Integration delayed paying its suppliers.


IEI Integration Days Payable Historical Data

* Premium members only.

The historical data trend for IEI Integration'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.

IEI Integration Days Payable Chart

IEI Integration 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 97.04 90.29 98.27 101.30 113.12

IEI Integration 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 110.81 101.40 98.48 116.68 126.20

TPE:3022 vs SNDK, DELL, STX: Days Payable Comparison

For the Computer Hardware subindustry, IEI Integration'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.


IEI Integration Days Payable vs Hardware Industry

For the Hardware industry and Technology sector, IEI Integration's Days Payable distribution charts can be found below:

* The bar in red indicates where IEI Integration's Days Payable falls into.


TPE:3022
82GF Score
IEI Integration Corp TPE:3022
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IEI Integration 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.

IEI Integration'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
=( (1271.972 + 1414.336) / 2 ) / 4333.824*365
=1343.154 / 4333.824*365
=113.12

IEI Integration'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
=( (1462.769 + 1414.336) / 2 ) / 1040.125*365 / 4
=1438.5525 / 1040.125*365 / 4
=126.20

* 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 126.20 mean?
IEI Integration (TPE:3022) has a Days Payable of 126.20 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 IEI Integration and its competitors. This is 26% above median its historical median of 99.79. Over the past decade, IEI Integration's Days Payable has ranged from 90.29 to 122.16. According to the industry distribution chart, IEI Integration ranks #659 out of 2443 companies in the Hardware industry, placing it in the top 27%.
Is IEI Integration's Days Payable too high?
IEI Integration's current Days Payable of 126.20 is 26% above median its 10-year median of 99.79. Over the past 10 years, this metric has ranged from a low of 90.29 to a high of 122.16. The Hardware industry median Days Payable is 69.89. IEI Integration's value of 126.20 is 80.6% above this industry median. Based on the distribution chart, IEI Integration ranks #659 out of 2443 companies in the Hardware industry, which is above the industry midpoint. Overall, IEI Integration has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does IEI Integration's Days Payable compare to SNDK and DELL?
According to the Hardware industry distribution chart, IEI Integration ranks #659 out of 2443 companies for Days Payable. This puts IEI Integration in the upper half of its industry. The industry median Days Payable is 69.89. IEI Integration's value of 126.20 is 80.6% above this benchmark. Historically, IEI Integration's own Days Payable has ranged from 90.29 to 122.16 over the past decade. While the company's 10-year median is 99.79 vs. the industry median of 69.89, IEI Integration 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 69.89, based on 2,443 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. IEI Integration's current Days Payable of 126.20 is 80.6% 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 IEI Integration and its competitors. For the Hardware industry, the median Days Payable is 69.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IEI Integration's current Days Payable is 126.20, which is 26% above median its own 10-year median of 99.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IEI Integration stock overvalued right now?
Based on GuruFocus' analysis, IEI Integration (TPE:3022) is currently considered Fairly Valued. The stock's GF Value™ is NT$79.43, compared to a current price of NT$87.30 — trading 9.9% above its estimated fair value. The current Days Payable is 126.20, which is 26% above median its 10-year median of 99.79 and 80.6% above the Hardware industry median of 69.89. IEI Integration's overall GF Score™ is 82/100 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 IEI Integration (TPE:3022), the current Days Payable is 126.20 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 IEI Integration (TPE:3022) Overvalued in 2026?

Based on GuruFocus' analysis, IEI Integration stock appears to be overvalued. The current stock price of NT$87.30 is trading 9.9% above its estimated GF Value™ of NT$79.43. GuruFocus considers IEI Integration to be Fairly Valued.

Key valuation signals for TPE:3022:

  • Days Payable: 126.20 (26% above median its 10-year median of 99.79)
  • GF Value™: NT$79.43 vs. price of NT$87.30 (9.9% above fair value)
  • GF Score™: 82/100 with 8 warning signs
  • Industry Position: 80.6% above the Hardware median (#659 of 2443)

No single metric tells the full story. See the TPE:3022 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IEI Integration Business Description

Address No. 29, Zhongxing Road, Xizhi District, New Taipei City, TWN, 221
IEI Integration Corp is engaged in the manufacturing and sales of computers, computer components and peripherals, and related trading. The company has three reportable segments: Order-taking, Design and Brand Sales; Product Manufacturing; and China Brand Sales, which offer different products and services. The Order-taking, Design and Brand Sales segment customizes product designs according to different customer needs, and operates brand channels for industrial computer products. The Product Manufacturing segment is engaged in OEM and branded product manufacturing. The China Brand Sales segment is responsible for brand marketing channels in Mainland China. The majority of revenue is derived from the Order-taking, Design, and Brand Sales segment.
82GF Score

Get the complete analysis for TPE:3022

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

NT$87.30
Price
NT$79.43
GF Value