Tainan Enterprise (Cayman) Co (TPE:5906) Days Payable: 42.52 (As of Dec. 2025) — 15% 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:5906 Tainan Enterprise (Cayman) Co Ltd TPE:5906
76 GF Score
Price NT$38.00
GF Value NT$45.18
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Tainan Enterprise (Cayman) Co Days Payable?

Tainan Enterprise (Cayman) Co TPE:5906 +0.13% 76 Days Payable is 42.52 as of Dec. 2025, which is 15% below its 10-year median of 50.27. GuruFocus rates TPE:5906 with a GF Score™ of 76/100 and a GF Value™ of NT$45.18 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,020 Manufacturing - Apparel & Accessories companies, Tainan Enterprise (Cayman) Co ranks worse than 52.45% on this metric.

Tainan Enterprise (Cayman) Co's average Accounts Payable for the three months ended in Dec. 2025 was NT$107 Mil. Tainan Enterprise (Cayman) Co's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$230 Mil. Hence, Tainan Enterprise (Cayman) Co's Days Payable for the three months ended in Dec. 2025 was 42.52.

The historical rank and industry rank for Tainan Enterprise (Cayman) Co's Days Payable or its related term are showing as below:

TPE:5906' s Days Payable Range Over the Past 10 Years
Min: 34.08   Med: 50.27   Max: 70.59
Current: 51.98

During the past 13 years, Tainan Enterprise (Cayman) Co's highest Days Payable was 70.59. The lowest was 34.08. And the median was 50.27.

TPE:5906's Days Payable is ranked worse than
52.45% of 1020 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.265 vs TPE:5906: 51.98

Tainan Enterprise (Cayman) Co's Days Payable declined from Dec. 2024 (61.33) to Dec. 2025 (42.52). It may suggest that Tainan Enterprise (Cayman) Co accelerated paying its suppliers.


Tainan Enterprise (Cayman) Co Days Payable Historical Data

* Premium members only.

The historical data trend for Tainan Enterprise (Cayman) 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.

Tainan Enterprise (Cayman) Co Days Payable Chart

Tainan Enterprise (Cayman) 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 68.20 51.00 52.20 49.16 48.22

Tainan Enterprise (Cayman) Co 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 61.33 53.07 64.15 57.03 42.52

TPE:5906 vs RL, LEVI, VFC: Days Payable Comparison

For the Apparel Manufacturing subindustry, Tainan Enterprise (Cayman) 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.


Tainan Enterprise (Cayman) Co Days Payable vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Tainan Enterprise (Cayman) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tainan Enterprise (Cayman) Co's Days Payable falls into.


TPE:5906
76GF Score
Tainan Enterprise (Cayman) Co Ltd TPE:5906
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tainan Enterprise (Cayman) 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.

Tainan Enterprise (Cayman) 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
=( (109.378 + 90.333) / 2 ) / 755.893*365
=99.8555 / 755.893*365
=48.22

Tainan Enterprise (Cayman) Co'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
=( (123.892 + 90.333) / 2 ) / 229.875*365 / 4
=107.1125 / 229.875*365 / 4
=42.52

* 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 42.52 mean?
Tainan Enterprise (Cayman) Co (TPE:5906) has a Days Payable of 42.52 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 Tainan Enterprise (Cayman) Co and its competitors. This is 15% below median its historical median of 50.27. Over the past decade, Tainan Enterprise (Cayman) Co's Days Payable has ranged from 34.08 to 70.59. According to the industry distribution chart, Tainan Enterprise (Cayman) Co ranks #535 out of 1020 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 52.5%.
Is Tainan Enterprise (Cayman) Co's Days Payable too high?
Tainan Enterprise (Cayman) Co's current Days Payable of 42.52 is 15% below median its 10-year median of 50.27. Over the past 10 years, this metric has ranged from a low of 34.08 to a high of 70.59. The Manufacturing - Apparel & Accessories industry median Days Payable is 54.27. Tainan Enterprise (Cayman) Co's value of 42.52 is 21.6% below this industry median. Based on the distribution chart, Tainan Enterprise (Cayman) Co ranks #535 out of 1020 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Tainan Enterprise (Cayman) Co has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tainan Enterprise (Cayman) Co's Days Payable compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Tainan Enterprise (Cayman) Co ranks #535 out of 1020 companies for Days Payable. This places Tainan Enterprise (Cayman) Co in the lower half of its industry. The industry median Days Payable is 54.27. Tainan Enterprise (Cayman) Co's value of 42.52 is 21.6% below this benchmark. Historically, Tainan Enterprise (Cayman) Co's own Days Payable has ranged from 34.08 to 70.59 over the past decade. While the company's 10-year median is 50.27 vs. the industry median of 54.27, Tainan Enterprise (Cayman) 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 54.27, based on 1,020 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. Tainan Enterprise (Cayman) Co's current Days Payable of 42.52 is 21.6% 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 Tainan Enterprise (Cayman) Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 54.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tainan Enterprise (Cayman) Co's current Days Payable is 42.52, which is 15% below median its own 10-year median of 50.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tainan Enterprise (Cayman) Co stock overvalued right now?
Based on GuruFocus' analysis, Tainan Enterprise (Cayman) Co (TPE:5906) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$45.18, compared to a current price of NT$38.00 — trading 15.9% below its estimated fair value. The current Days Payable is 42.52, which is 15% below median its 10-year median of 50.27 and 21.6% below the Manufacturing - Apparel & Accessories industry median of 54.27. Tainan Enterprise (Cayman) Co's overall GF Score™ is 76/100 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 Tainan Enterprise (Cayman) Co (TPE:5906), the current Days Payable is 42.52 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 Tainan Enterprise (Cayman) Co (TPE:5906) Overvalued in 2026?

Based on GuruFocus' analysis, Tainan Enterprise (Cayman) Co stock appears to be undervalued. The current stock price of NT$38.00 is trading 15.9% below its estimated GF Value™ of NT$45.18. GuruFocus considers Tainan Enterprise (Cayman) Co to be Modestly Undervalued.

Key valuation signals for TPE:5906:

  • Days Payable: 42.52 (15% below median its 10-year median of 50.27)
  • GF Value™: NT$45.18 vs. price of NT$38.00 (15.9% below fair value)
  • GF Score™: 76/100 with 8 warning signs
  • Industry Position: 21.6% below the Manufacturing - Apparel & Accessories median (#535 of 1020)

No single metric tells the full story. See the TPE:5906 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tainan Enterprise (Cayman) Co Business Description

Address Section 2, Dongmen Road, 1st Floor, No. 297, East District, Tainan, TWN
Tainan Enterprise (Cayman) Co Ltd and its subsidiaries mainly engage in professional investment services and trading of various garments, footwear, and department stores. The company carries brands such as Tony Wear, Tony Jeans, Tony Uomo, and Tjl, and also acts as an agent for European apparel brands including Camel Active from Germany, New Man, and U by Ungaro from France. Its segments include sports business, which generates maximum revenue, cultural and creative department store, and others.
76GF Score

Get the complete analysis for TPE:5906

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

NT$38.00
Price
NT$45.18
GF Value