Capital Futures (TPE:6024) Days Payable: 29.97 (As of Dec. 2025) — 12% 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:6024 Capital Futures Corp TPE:6024
73 GF Score
Price NT$64.80
GF Value NT$50.41
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Capital Futures Days Payable?

Capital Futures TPE:6024 +1.89% 73 Days Payable is 29.97 as of Dec. 2025, which is 12% above its 10-year median of 26.75. GuruFocus rates TPE:6024 with a GF Score™ of 73/100 and a GF Value™ of NT$50.41 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 539 Capital Markets companies, Capital Futures ranks worse than 69.2% on this metric.

Capital Futures's average Accounts Payable for the three months ended in Dec. 2025 was NT$120 Mil. Capital Futures's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$365 Mil. Hence, Capital Futures's Days Payable for the three months ended in Dec. 2025 was 29.97.

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

TPE:6024' s Days Payable Range Over the Past 10 Years
Min: 16.9   Med: 26.75   Max: 37.35
Current: 27.63

During the past 13 years, Capital Futures's highest Days Payable was 37.35. The lowest was 16.90. And the median was 26.75.

TPE:6024's Days Payable is ranked worse than
69.2% of 539 companies
in the Capital Markets industry
Industry Median: 88.46 vs TPE:6024: 27.63

Capital Futures's Days Payable increased from Dec. 2024 (25.95) to Dec. 2025 (29.97). It may suggest that Capital Futures delayed paying its suppliers.


Capital Futures Days Payable Historical Data

* Premium members only.

The historical data trend for Capital Futures'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.

Capital Futures Days Payable Chart

Capital Futures 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 36.73 19.95 37.35 30.24 28.52

Capital Futures 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 25.95 20.98 29.67 28.81 29.97

TPE:6024 vs MS, GS, SCHW: Days Payable Comparison

For the Capital Markets subindustry, Capital Futures'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.


Capital Futures Days Payable vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Capital Futures's Days Payable distribution charts can be found below:

* The bar in red indicates where Capital Futures's Days Payable falls into.


TPE:6024
73GF Score
Capital Futures Corp TPE:6024
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Capital Futures 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.

Capital Futures'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
=( (59.739 + 153.915) / 2 ) / 1367.043*365
=106.827 / 1367.043*365
=28.52

Capital Futures'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
=( (86.043 + 153.915) / 2 ) / 365.279*365 / 4
=119.979 / 365.279*365 / 4
=29.97

* 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 29.97 mean?
Capital Futures (TPE:6024) has a Days Payable of 29.97 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 Capital Futures and its competitors. This is 12% above median its historical median of 26.75. Over the past decade, Capital Futures' Days Payable has ranged from 16.90 to 37.35. According to the industry distribution chart, Capital Futures ranks #373 out of 539 companies in the Capital Markets industry, placing it in the top 69.2%.
Is Capital Futures' Days Payable too high?
Capital Futures' current Days Payable of 29.97 is 12% above median its 10-year median of 26.75. Over the past 10 years, this metric has ranged from a low of 16.90 to a high of 37.35. The Capital Markets industry median Days Payable is 88.46. Capital Futures' value of 29.97 is 66.1% below this industry median. Based on the distribution chart, Capital Futures ranks #373 out of 539 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Capital Futures has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Capital Futures' Days Payable compare to MS and GS?
According to the Capital Markets industry distribution chart, Capital Futures ranks #373 out of 539 companies for Days Payable. This places Capital Futures in the lower half of its industry. The industry median Days Payable is 88.46. Capital Futures' value of 29.97 is 66.1% below this benchmark. Historically, Capital Futures' own Days Payable has ranged from 16.90 to 37.35 over the past decade. While the company's 10-year median is 26.75 vs. the industry median of 88.46, Capital Futures 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 Capital Markets company?
The median Days Payable among Capital Markets companies is 88.46, based on 539 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. Capital Futures's current Days Payable of 29.97 is 66.1% 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 Capital Futures and its competitors. For the Capital Markets industry, the median Days Payable is 88.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Capital Futures's current Days Payable is 29.97, which is 12% above median its own 10-year median of 26.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Capital Futures stock overvalued right now?
Based on GuruFocus' analysis, Capital Futures (TPE:6024) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$50.41, compared to a current price of NT$64.80 — trading 28.5% above its estimated fair value. The current Days Payable is 29.97, which is 12% above median its 10-year median of 26.75 and 66.1% below the Capital Markets industry median of 88.46. Capital Futures' overall GF Score™ is 73/100 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 Capital Futures (TPE:6024), the current Days Payable is 29.97 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 Capital Futures (TPE:6024) Overvalued in 2026?

Based on GuruFocus' analysis, Capital Futures stock appears to be overvalued. The current stock price of NT$64.80 is trading 28.5% above its estimated GF Value™ of NT$50.41. GuruFocus considers Capital Futures to be Modestly Overvalued.

Key valuation signals for TPE:6024:

  • Days Payable: 29.97 (12% above median its 10-year median of 26.75)
  • GF Value™: NT$50.41 vs. price of NT$64.80 (28.5% above fair value)
  • GF Score™: 73/100 with 8 warning signs
  • Industry Position: 66.1% below the Capital Markets median (#373 of 539)

No single metric tells the full story. See the TPE:6024 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Capital Futures Business Description

Address No. 97, Tun Hwa South Road, 32nd, B1 & B2 Floor, Section 2, Daan District, Taipei, TWN, 10682
Capital Futures Corp is a financial services company. The company offers futures advisory business, futures management business, leverage exchange agency, securities investment consulting, management consulting and information software service, securities business, futures advisory business, fecurities introducing brokerage, proprietary trading, and others. The company operates in a single reporting segment: the Brokerage segment and is mainly involved in the futures brokerage business.
73GF Score

Get the complete analysis for TPE:6024

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

NT$64.80
Price
NT$50.41
GF Value