Excelsior Medical Co (TPE:4104) Days Payable: 55.80 (As of Mar. 2026) — 14% Below 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:4104 Excelsior Medical Co Ltd TPE:4104
87 GF Score
Price NT$70.00
GF Value NT$87.68
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Excelsior Medical Co Days Payable?

Excelsior Medical Co TPE:4104 -1.13% 87 Days Payable is 55.80 as of Mar. 2026, which is 14% below its 10-year median of 64.99. GuruFocus rates TPE:4104 with a GF Score™ of 87/100 and a GF Value™ of NT$87.68 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 116 Medical Distribution companies, Excelsior Medical Co ranks worse than 68.1% on this metric.

Excelsior Medical Co's average Accounts Payable for the three months ended in Mar. 2026 was NT$1,127 Mil. Excelsior Medical Co's Cost of Goods Sold for the three months ended in Mar. 2026 was NT$1,844 Mil. Hence, Excelsior Medical Co's Days Payable for the three months ended in Mar. 2026 was 55.80.

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

TPE:4104' s Days Payable Range Over the Past 10 Years
Min: 52.67   Med: 64.99   Max: 85.34
Current: 56.72

During the past 13 years, Excelsior Medical Co's highest Days Payable was 85.34. The lowest was 52.67. And the median was 64.99.

TPE:4104's Days Payable is ranked worse than
68.1% of 116 companies
in the Medical Distribution industry
Industry Median: 78.565 vs TPE:4104: 56.72

Excelsior Medical Co's Days Payable declined from Mar. 2025 (58.27) to Mar. 2026 (55.80). It may suggest that Excelsior Medical Co accelerated paying its suppliers.


Excelsior Medical Co Days Payable Historical Data

* Premium members only.

The historical data trend for Excelsior Medical 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.

Excelsior Medical Co Days Payable Chart

Excelsior Medical 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 64.20 62.64 54.86 52.67 55.87

Excelsior Medical 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 58.27 60.08 53.91 54.53 55.80

TPE:4104 vs MCK, COR, CAH: Days Payable Comparison

For the Medical Distribution subindustry, Excelsior Medical 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.


Excelsior Medical Co Days Payable vs Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Excelsior Medical Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Excelsior Medical Co's Days Payable falls into.


TPE:4104
87GF Score
Excelsior Medical Co Ltd TPE:4104
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Excelsior Medical 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.

Excelsior Medical 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
=( (977.039 + 1139.987) / 2 ) / 6914.865*365
=1058.513 / 6914.865*365
=55.87

Excelsior Medical 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
=( (1139.987 + 1114.791) / 2 ) / 1843.672*365 / 4
=1127.389 / 1843.672*365 / 4
=55.80

* 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 55.80 mean?
Excelsior Medical Co (TPE:4104) has a Days Payable of 55.80 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 Excelsior Medical Co and its competitors. This is 14% below median its historical median of 64.99. Over the past decade, Excelsior Medical Co's Days Payable has ranged from 52.67 to 85.34. According to the industry distribution chart, Excelsior Medical Co ranks #79 out of 116 companies in the Medical Distribution industry, placing it in the top 68.1%.
Is Excelsior Medical Co's Days Payable too high?
Excelsior Medical Co's current Days Payable of 55.80 is 14% below median its 10-year median of 64.99. Over the past 10 years, this metric has ranged from a low of 52.67 to a high of 85.34. The Medical Distribution industry median Days Payable is 78.57. Excelsior Medical Co's value of 55.80 is 29% below this industry median. Based on the distribution chart, Excelsior Medical Co ranks #79 out of 116 companies in the Medical Distribution industry, which is below the industry midpoint. Overall, Excelsior Medical Co has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Excelsior Medical Co's Days Payable compare to MCK and COR?
According to the Medical Distribution industry distribution chart, Excelsior Medical Co ranks #79 out of 116 companies for Days Payable. This places Excelsior Medical Co in the lower half of its industry. The industry median Days Payable is 78.57. Excelsior Medical Co's value of 55.80 is 29% below this benchmark. Historically, Excelsior Medical Co's own Days Payable has ranged from 52.67 to 85.34 over the past decade. While the company's 10-year median is 64.99 vs. the industry median of 78.57, Excelsior Medical 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 Medical Distribution company?
The median Days Payable among Medical Distribution companies is 78.57, based on 116 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. Excelsior Medical Co's current Days Payable of 55.80 is 29% 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 Excelsior Medical Co and its competitors. For the Medical Distribution industry, the median Days Payable is 78.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Excelsior Medical Co's current Days Payable is 55.80, which is 14% below median its own 10-year median of 64.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Excelsior Medical Co stock overvalued right now?
Based on GuruFocus' analysis, Excelsior Medical Co (TPE:4104) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$87.68, compared to a current price of NT$70.00 — trading 20.2% below its estimated fair value. The current Days Payable is 55.80, which is 14% below median its 10-year median of 64.99 and 29% below the Medical Distribution industry median of 78.57. Excelsior Medical Co's overall GF Score™ is 87/100 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 Excelsior Medical Co (TPE:4104), the current Days Payable is 55.80 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 Excelsior Medical Co (TPE:4104) Overvalued in 2026?

Based on GuruFocus' analysis, Excelsior Medical Co stock appears to be undervalued. The current stock price of NT$70.00 is trading 20.2% below its estimated GF Value™ of NT$87.68. GuruFocus considers Excelsior Medical Co to be Modestly Undervalued.

Key valuation signals for TPE:4104:

  • Days Payable: 55.80 (14% below median its 10-year median of 64.99)
  • GF Value™: NT$87.68 vs. price of NT$70.00 (20.2% below fair value)
  • GF Score™: 87/100 with 5 warning signs
  • Industry Position: 29% below the Medical Distribution median (#79 of 116)

No single metric tells the full story. See the TPE:4104 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Excelsior Medical Co Business Description

Address Zhongzheng Road, No. 880, 17th Floor, Zhonghe District, New Taipei City, TWN, 235
Excelsior Medical Co Ltd is engaged in the sale of medical supplies and medicines, home medical devices, and medical equipment with brand names of local and foreign manufacturers. Its product offerings include Fasflo hollow fiber dialyzer, Renabio sodium chloride injection, acid concentrates, Sunder blood purification tubing set, JMS blood bags, etc. The Group's reportable segments include Excelsior, Dynamic, Arich, and Others. Maximum revenue is generated from the Excelsior segment. Geographically, it derives key revenue from Taiwan and also has a presence in Hong Kong, China, the Philippines, Malaysia, and Indonesia.
87GF Score

Get the complete analysis for TPE:4104

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

NT$70.00
Price
NT$87.68
GF Value