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* 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.
TPE:5538 vs NUE, STLD, RS: Days Payable Comparison
For the Steel subindustry, Tong Ming Enterprise 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.
Tong Ming Enterprise Co Days Payable vs Steel Industry
For the Steel industry and Basic Materials sector, Tong Ming Enterprise Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Tong Ming Enterprise Co's Days Payable falls into.
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.
Tong Ming Enterprise Co's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Tong Ming Enterprise Co (TPE:5538) has a Days Payable of 16.69 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 Tong Ming Enterprise Co and its competitors. This is 12% above median its historical median of 14.90. Over the past decade, Tong Ming Enterprise Co's Days Payable has ranged from 7.52 to 24.04. According to the industry distribution chart, Tong Ming Enterprise Co ranks #455 out of 598 companies in the Steel industry, placing it in the top 76.1%.
Is Tong Ming Enterprise Co's Days Payable too high?
Tong Ming Enterprise Co's current Days Payable of 16.69 is 12% above median its 10-year median of 14.90. Over the past 10 years, this metric has ranged from a low of 7.52 to a high of 24.04. The Steel industry median Days Payable is 41.39. Tong Ming Enterprise Co's value of 16.69 is 59.7% below this industry median. Based on the distribution chart, Tong Ming Enterprise Co ranks #455 out of 598 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Tong Ming Enterprise Co has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tong Ming Enterprise Co's Days Payable compare to NUE and STLD?
According to the Steel industry distribution chart, Tong Ming Enterprise Co ranks #455 out of 598 companies for Days Payable. This places Tong Ming Enterprise Co in the lower half of its industry. The industry median Days Payable is 41.39. Tong Ming Enterprise Co's value of 16.69 is 59.7% below this benchmark. Historically, Tong Ming Enterprise Co's own Days Payable has ranged from 7.52 to 24.04 over the past decade. While the company's 10-year median is 14.90 vs. the industry median of 41.39, Tong Ming Enterprise 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 Steel company?
The median Days Payable among Steel companies is 41.39, based on 598 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. Tong Ming Enterprise Co's current Days Payable of 16.69 is 59.7% 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 Tong Ming Enterprise Co and its competitors. For the Steel industry, the median Days Payable is 41.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tong Ming Enterprise Co's current Days Payable is 16.69, which is 12% above median its own 10-year median of 14.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tong Ming Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Tong Ming Enterprise Co (TPE:5538) is currently considered Fairly Valued. The stock's GF Value™ is NT$30.68, compared to a current price of NT$33.45 — trading 9% above its estimated fair value. The current Days Payable is 16.69, which is 12% above median its 10-year median of 14.90 and 59.7% below the Steel industry median of 41.39. Tong Ming Enterprise Co's overall GF Score™ is 81/100 with 6 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 Tong Ming Enterprise Co (TPE:5538), the current Days Payable is 16.69 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 Tong Ming Enterprise Co (TPE:5538) Overvalued in 2026?
Based on GuruFocus' analysis, Tong Ming Enterprise Co stock appears to be overvalued.
The current stock price of NT$33.45 is trading 9% above its estimated GF Value™ of NT$30.68.
GuruFocus considers Tong Ming Enterprise Co to be Fairly Valued.
Key valuation signals for TPE:5538:
Days Payable: 16.69 (12% above median its 10-year median of 14.90)
GF Value™: NT$30.68 vs. price of NT$33.45 (9% above fair value)
Industry Position: 59.7% below the Steel median (#455 of 598)
No single metric tells the full story. See the TPE:5538 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tong Ming Enterprise Co Ltd is specialized in manufacturing and selling brand stainless steel fasteners and wires. The company derives the maximum revenue from Fasteners products. Geographically, the company operates in China. The company serves industries such as curtain wall, high-speed railways, communication, new energy, shipbuilding, animal husbandry, and foreign engineering projects. It derives maximum revenue from Fasteners followed by Wire, Strategic products, and others.
81GF Score
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