Shin Zu Shing Co (TPE:3376) Days Payable: 114.17 (As of Mar. 2026) — 28% Above Median


TPE:3376 Shin Zu Shing Co Ltd TPE:3376
89 GF Score
Price NT$194.00
GF Value NT$215.25
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Shin Zu Shing Co Days Payable?

Shin Zu Shing Co TPE:3376 89 Days Payable is 114.17 as of Mar. 2026, which is 28% above its 10-year median of 89.31. GuruFocus rates TPE:3376 with a GF Score™ of 89/100 and a GF Value™ of NT$215.25 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,986 Industrial Products companies, Shin Zu Shing Co ranks better than 62.93% on this metric.

Shin Zu Shing Co's average Accounts Payable for the three months ended in Mar. 2026 was NT$2,523 Mil. Shin Zu Shing Co's Cost of Goods Sold for the three months ended in Mar. 2026 was NT$2,017 Mil. Hence, Shin Zu Shing Co's Days Payable for the three months ended in Mar. 2026 was 114.17.

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

TPE:3376' s Days Payable Range Over the Past 10 Years
Min: 73.59   Med: 89.31   Max: 107.18
Current: 105.44

During the past 13 years, Shin Zu Shing Co's highest Days Payable was 107.18. The lowest was 73.59. And the median was 89.31.

TPE:3376's Days Payable is ranked better than
62.93% of 2986 companies
in the Industrial Products industry
Industry Median: 77.81 vs TPE:3376: 105.44

Shin Zu Shing Co's Days Payable increased from Mar. 2025 (110.46) to Mar. 2026 (114.17). It may suggest that Shin Zu Shing Co delayed paying its suppliers.


Shin Zu Shing Co Days Payable Historical Data

* Premium members only.

The historical data trend for Shin Zu Shing 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.

Shin Zu Shing Co Days Payable Chart

Shin Zu Shing 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 104.75 81.28 94.58 92.24 107.18

Shin Zu Shing Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 110.46 94.39 99.38 112.86 114.17

TPE:3376 vs CRS, ATI, MLI: Days Payable Comparison

For the Metal Fabrication subindustry, Shin Zu Shing 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.


Shin Zu Shing Co Days Payable vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shin Zu Shing Co's Days Payable distribution charts can be found below:

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


TPE:3376
89GF Score
Shin Zu Shing Co Ltd TPE:3376
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Shin Zu Shing 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.

Shin Zu Shing 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
=( (2897.223 + 2521.703) / 2 ) / 9226.73*365
=2709.463 / 9226.73*365
=107.18

Shin Zu Shing Co's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (2521.703 + 2525) / 2 ) / 2016.806*365 / 4
=2523.3515 / 2016.806*365 / 4
=114.17

* 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 114.17 mean?
Shin Zu Shing Co (TPE:3376) has a Days Payable of 114.17 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 Shin Zu Shing Co and its competitors. This is 28% above median its historical median of 89.31. Over the past decade, Shin Zu Shing Co's Days Payable has ranged from 73.59 to 107.18. According to the industry distribution chart, Shin Zu Shing Co ranks #1107 out of 2986 companies in the Industrial Products industry, placing it in the top 37.1%.
Is Shin Zu Shing Co's Days Payable too high?
Shin Zu Shing Co's current Days Payable of 114.17 is 28% above median its 10-year median of 89.31. Over the past 10 years, this metric has ranged from a low of 73.59 to a high of 107.18. The Industrial Products industry median Days Payable is 77.81. Shin Zu Shing Co's value of 114.17 is 46.7% above this industry median. Based on the distribution chart, Shin Zu Shing Co ranks #1107 out of 2986 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Shin Zu Shing Co has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shin Zu Shing Co's Days Payable compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Shin Zu Shing Co ranks #1107 out of 2986 companies for Days Payable. This puts Shin Zu Shing Co in the upper half of its industry. The industry median Days Payable is 77.81. Shin Zu Shing Co's value of 114.17 is 46.7% above this benchmark. Historically, Shin Zu Shing Co's own Days Payable has ranged from 73.59 to 107.18 over the past decade. While the company's 10-year median is 89.31 vs. the industry median of 77.81, Shin Zu Shing 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 77.81, based on 2,986 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. Shin Zu Shing Co's current Days Payable of 114.17 is 46.7% 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 Shin Zu Shing Co and its competitors. For the Industrial Products industry, the median Days Payable is 77.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shin Zu Shing Co's current Days Payable is 114.17, which is 28% above median its own 10-year median of 89.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shin Zu Shing Co stock overvalued right now?
Based on GuruFocus' analysis, Shin Zu Shing Co (TPE:3376) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$215.25, compared to a current price of NT$194.00 — trading 9.9% below its estimated fair value. The current Days Payable is 114.17, which is 28% above median its 10-year median of 89.31 and 46.7% above the Industrial Products industry median of 77.81. Shin Zu Shing Co's overall GF Score™ is 89/100 with 5 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 Shin Zu Shing Co (TPE:3376), the current Days Payable is 114.17 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 Shin Zu Shing Co (TPE:3376) Overvalued in 2026?

Based on GuruFocus' analysis, Shin Zu Shing Co stock appears to be undervalued. The current stock price of NT$194.00 is trading 9.9% below its estimated GF Value™ of NT$215.25. GuruFocus considers Shin Zu Shing Co to be Modestly Undervalued.

Key valuation signals for TPE:3376:

  • Days Payable: 114.17 (28% above median its 10-year median of 89.31)
  • GF Value™: NT$215.25 vs. price of NT$194.00 (9.9% below fair value)
  • GF Score™: 89/100 with 5 warning signs
  • Industry Position: 46.7% above the Industrial Products median (#1107 of 2986)

No single metric tells the full story. See the TPE:3376 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shin Zu Shing Co Business Description

Address No. 174, Junying Street, Shulin District, New Taipei City, TWN, 238
Shin Zu Shing Co Ltd is engaged in research and development, design, production, assembly, testing, manufacturing, and sales of various precision springs, stamping parts, hinge components, and metal injection molding (MIM) products. It develops hinge components used in notebook computers, LCD monitors, digital cameras, and other electronic product parts. Its segments are Hinge products, which generate maximum revenue and engage in the design, manufacture, testing, and sales of hinge products for various components, including NB, LCD, and 3C hinge products and other parts such as springs and stamping parts for different types of laptops or consumer electronic products, as well as Milling products and MIM products. Geographically, it generates maximum revenue from Asia.
89GF Score

Get the complete analysis for TPE:3376

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

NT$194.00
Price
NT$215.25
GF Value