In Win Development (TPE:6117) Days Payable: 56.18 (As of Dec. 2025) — Near Median


TPE:6117 In Win Development Inc TPE:6117
70 GF Score
Price NT$72.40
GF Value NT$95.70
Valuation Modestly Undervalued
! 5 Warning Signs
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What is In Win Development Days Payable?

In Win Development TPE:6117 70 Days Payable is 56.18 as of Dec. 2025, which is 1% above its 10-year median of 55.78. GuruFocus rates TPE:6117 with a GF Score™ of 70/100 and a GF Value™ of NT$95.70 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,445 Hardware companies, In Win Development ranks worse than 59.02% on this metric.

In Win Development's average Accounts Payable for the three months ended in Dec. 2025 was NT$342 Mil. In Win Development's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$555 Mil. Hence, In Win Development's Days Payable for the three months ended in Dec. 2025 was 56.18.

The historical rank and industry rank for In Win Development's Days Payable or its related term are showing as below:

TPE:6117' s Days Payable Range Over the Past 10 Years
Min: 42.8   Med: 55.78   Max: 74.2
Current: 59.7

During the past 13 years, In Win Development's highest Days Payable was 74.20. The lowest was 42.80. And the median was 55.78.

TPE:6117's Days Payable is ranked worse than
59.02% of 2445 companies
in the Hardware industry
Industry Median: 70.06 vs TPE:6117: 59.70

In Win Development's Days Payable declined from Dec. 2024 (57.20) to Dec. 2025 (56.18). It may suggest that In Win Development accelerated paying its suppliers.


In Win Development Days Payable Historical Data

* Premium members only.

The historical data trend for In Win Development'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.

In Win Development Days Payable Chart

In Win Development 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 63.65 70.11 74.20 68.46 52.09

In Win Development 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 57.20 59.61 65.56 64.65 56.18

TPE:6117 vs SNDK, DELL, STX: Days Payable Comparison

For the Computer Hardware subindustry, In Win Development'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.


In Win Development Days Payable vs Hardware Industry

For the Hardware industry and Technology sector, In Win Development's Days Payable distribution charts can be found below:

* The bar in red indicates where In Win Development's Days Payable falls into.


TPE:6117
70GF Score
In Win Development Inc TPE:6117
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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In Win Development 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.

In Win Development'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
=( (320.171 + 313.733) / 2 ) / 2221.098*365
=316.952 / 2221.098*365
=52.09

In Win Development'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
=( (369.284 + 313.733) / 2 ) / 554.696*365 / 4
=341.5085 / 554.696*365 / 4
=56.18

* 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 56.18 mean?
In Win Development (TPE:6117) has a Days Payable of 56.18 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 In Win Development and its competitors. This is near median its historical median of 55.78. Over the past decade, In Win Development's Days Payable has ranged from 42.80 to 74.20. According to the industry distribution chart, In Win Development ranks #1443 out of 2445 companies in the Hardware industry, placing it in the top 59%.
Is In Win Development's Days Payable too high?
In Win Development's current Days Payable of 56.18 is near median its 10-year median of 55.78. Over the past 10 years, this metric has ranged from a low of 42.80 to a high of 74.20. The Hardware industry median Days Payable is 70.06. In Win Development's value of 56.18 is 19.8% below this industry median. Based on the distribution chart, In Win Development ranks #1443 out of 2445 companies in the Hardware industry, which is below the industry midpoint. Overall, In Win Development has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does In Win Development's Days Payable compare to SNDK and DELL?
According to the Hardware industry distribution chart, In Win Development ranks #1443 out of 2445 companies for Days Payable. This places In Win Development in the lower half of its industry. The industry median Days Payable is 70.06. In Win Development's value of 56.18 is 19.8% below this benchmark. Historically, In Win Development's own Days Payable has ranged from 42.80 to 74.20 over the past decade. While the company's 10-year median is 55.78 vs. the industry median of 70.06, In Win Development 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 Hardware company?
The median Days Payable among Hardware companies is 70.06, based on 2,445 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. In Win Development's current Days Payable of 56.18 is 19.8% 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 In Win Development and its competitors. For the Hardware industry, the median Days Payable is 70.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. In Win Development's current Days Payable is 56.18, which is near median its own 10-year median of 55.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is In Win Development stock overvalued right now?
Based on GuruFocus' analysis, In Win Development (TPE:6117) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$95.70, compared to a current price of NT$72.40 — trading 24.3% below its estimated fair value. The current Days Payable is 56.18, which is near median its 10-year median of 55.78 and 19.8% below the Hardware industry median of 70.06. In Win Development's overall GF Score™ is 70/100 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 In Win Development (TPE:6117), the current Days Payable is 56.18 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 In Win Development (TPE:6117) Overvalued in 2026?

Based on GuruFocus' analysis, In Win Development stock appears to be undervalued. The current stock price of NT$72.40 is trading 24.3% below its estimated GF Value™ of NT$95.70. GuruFocus considers In Win Development to be Modestly Undervalued.

Key valuation signals for TPE:6117:

  • Days Payable: 56.18 (near median its 10-year median of 55.78)
  • GF Value™: NT$95.70 vs. price of NT$72.40 (24.3% below fair value)
  • GF Score™: 70/100 with 5 warning signs
  • Industry Position: 19.8% below the Hardware median (#1443 of 2445)

No single metric tells the full story. See the TPE:6117 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


In Win Development Business Description

Address No. 57, Lane 350, Nan Shang Road, Guishan District, Taoyuan, TWN
In Win Development Inc is engaged in the processing, manufacturing, and trading of computer and peripheral equipment, plastic products, etc., and the manufacturing, baking, and trading of mechanical hardware parts. Its products include Gaming Chassis, Computer Chassis, Gaming Power Supply, PC Power Supply, IPC/Server, iBuildiShare, and Cooling. Geographically, it operates in Europe, the USA, Japan, Taiwan, and Other countries, with the majority of the revenue deriving from Taiwan.
70GF Score

Get the complete analysis for TPE:6117

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

NT$72.40
Price
NT$95.70
GF Value