General Plastic Industrial Co (TPE:6128) Days Payable: 50.09 (As of Dec. 2025) — Near 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:6128 General Plastic Industrial Co Ltd TPE:6128
73 GF Score
Price NT$20.10
GF Value NT$32.82
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is General Plastic Industrial Co Days Payable?

General Plastic Industrial Co TPE:6128 -0.25% 73 Days Payable is 50.09 as of Dec. 2025, which is 6% below its 10-year median of 53.01. GuruFocus rates TPE:6128 with a GF Score™ of 73/100 and a GF Value™ of NT$32.82 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 2,992 Industrial Products companies, General Plastic Industrial Co ranks worse than 63.77% on this metric.

General Plastic Industrial Co's average Accounts Payable for the three months ended in Dec. 2025 was NT$446 Mil. General Plastic Industrial Co's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$813 Mil. Hence, General Plastic Industrial Co's Days Payable for the three months ended in Dec. 2025 was 50.09.

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

TPE:6128' s Days Payable Range Over the Past 10 Years
Min: 28.14   Med: 53.01   Max: 63.11
Current: 57.58

During the past 13 years, General Plastic Industrial Co's highest Days Payable was 63.11. The lowest was 28.14. And the median was 53.01.

TPE:6128's Days Payable is ranked worse than
63.77% of 2992 companies
in the Industrial Products industry
Industry Median: 78.045 vs TPE:6128: 57.58

General Plastic Industrial Co's Days Payable declined from Dec. 2024 (65.35) to Dec. 2025 (50.09). It may suggest that General Plastic Industrial Co accelerated paying its suppliers.


General Plastic Industrial Co Days Payable Historical Data

* Premium members only.

The historical data trend for General Plastic Industrial 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.

General Plastic Industrial Co Days Payable Chart

General Plastic Industrial 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 52.92 53.10 55.41 62.65 63.11

General Plastic Industrial 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 65.35 64.26 56.99 53.45 50.09

General Plastic Industrial Co Days Payable Competitor Comparison

For the Business Equipment & Supplies subindustry, General Plastic Industrial 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.


General Plastic Industrial Co Days Payable vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, General Plastic Industrial Co's Days Payable distribution charts can be found below:

* The bar in red indicates where General Plastic Industrial Co's Days Payable falls into.


TPE:6128
73GF Score
General Plastic Industrial Co Ltd TPE:6128
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

General Plastic Industrial 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.

General Plastic Industrial 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
=( (655.352 + 457.732) / 2 ) / 3218.652*365
=556.542 / 3218.652*365
=63.11

General Plastic Industrial 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
=( (434.964 + 457.732) / 2 ) / 813.097*365 / 4
=446.348 / 813.097*365 / 4
=50.09

* 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 50.09 mean?
General Plastic Industrial Co (TPE:6128) has a Days Payable of 50.09 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 General Plastic Industrial Co and its competitors. This is near median its historical median of 53.01. Over the past decade, General Plastic Industrial Co's Days Payable has ranged from 28.14 to 63.11. According to the industry distribution chart, General Plastic Industrial Co ranks #1908 out of 2992 companies in the Industrial Products industry, placing it in the top 63.8%.
Is General Plastic Industrial Co's Days Payable too high?
General Plastic Industrial Co's current Days Payable of 50.09 is near median its 10-year median of 53.01. Over the past 10 years, this metric has ranged from a low of 28.14 to a high of 63.11. The Industrial Products industry median Days Payable is 78.05. General Plastic Industrial Co's value of 50.09 is 35.8% below this industry median. Based on the distribution chart, General Plastic Industrial Co ranks #1908 out of 2992 companies in the Industrial Products industry, which is below the industry midpoint. Overall, General Plastic Industrial Co has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does General Plastic Industrial Co's Days Payable compare to competitors?
According to the Industrial Products industry distribution chart, General Plastic Industrial Co ranks #1908 out of 2992 companies for Days Payable. This places General Plastic Industrial Co in the lower half of its industry. The industry median Days Payable is 78.05. General Plastic Industrial Co's value of 50.09 is 35.8% below this benchmark. Historically, General Plastic Industrial Co's own Days Payable has ranged from 28.14 to 63.11 over the past decade. While the company's 10-year median is 53.01 vs. the industry median of 78.05, General Plastic Industrial 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 78.05, based on 2,992 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. General Plastic Industrial Co's current Days Payable of 50.09 is 35.8% 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 General Plastic Industrial Co and its competitors. For the Industrial Products industry, the median Days Payable is 78.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. General Plastic Industrial Co's current Days Payable is 50.09, which is near median its own 10-year median of 53.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is General Plastic Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, General Plastic Industrial Co (TPE:6128) is currently considered Possible Value Trap. The stock's GF Value™ is NT$32.82, compared to a current price of NT$20.10 — trading 38.8% below its estimated fair value. The current Days Payable is 50.09, which is near median its 10-year median of 53.01 and 35.8% below the Industrial Products industry median of 78.05. General Plastic Industrial Co's overall GF Score™ is 73/100 with 7 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 General Plastic Industrial Co (TPE:6128), the current Days Payable is 50.09 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 General Plastic Industrial Co (TPE:6128) Overvalued in 2026?

Based on GuruFocus' analysis, General Plastic Industrial Co stock appears to be undervalued. The current stock price of NT$20.10 is trading 38.8% below its estimated GF Value™ of NT$32.82. GuruFocus considers General Plastic Industrial Co to be Possible Value Trap.

Key valuation signals for TPE:6128:

  • Days Payable: 50.09 (near median its 10-year median of 53.01)
  • GF Value™: NT$32.82 vs. price of NT$20.10 (38.8% below fair value)
  • GF Score™: 73/100 with 7 warning signs
  • Industry Position: 35.8% below the Industrial Products median (#1908 of 2992)

No single metric tells the full story. See the TPE:6128 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


General Plastic Industrial Co Business Description

Address No. 50, Tzu-Chiang Road, Wu-Chi District, Taichung, TWN, 43547
General Plastic Industrial Co Ltd is a Taiwan-based company mainly engaged in manufacturing and selling toner cartridges of photocopiers, laser printers, OPC drum gears, and other related businesses. The company's operating segments include: the Office Imaging Equipment Supplies segment, which derives key revenue, and the Other Operations segment. Geographically, the company generates a majority of its revenue from the United States and the rest from the Netherlands, Italy, Mexico, France, and other countries.
73GF Score

Get the complete analysis for TPE:6128

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

NT$20.10
Price
NT$32.82
GF Value