Taiwan Steel Union Co (TPE:6581) Days Payable: 9.79 (As of Jun. 2026) — 34% 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:6581 Taiwan Steel Union Co Ltd TPE:6581
83 GF Score
Price NT$108.50
GF Value NT$109.50
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Taiwan Steel Union Co Days Payable?

Taiwan Steel Union Co TPE:6581 +0.46% 83 Days Payable is 9.79 as of Jun. 2026, which is 34% below its 10-year median of 14.75. GuruFocus rates TPE:6581 with a GF Score™ of 83/100 and a GF Value™ of NT$109.50 (Fairly Valued). The stock has 4 warning signs investors should review. Among 233 Waste Management companies, Taiwan Steel Union Co ranks worse than 89.7% on this metric.

Taiwan Steel Union Co's average Accounts Payable for the three months ended in Jun. 2026 was NT$35 Mil. Taiwan Steel Union Co's Cost of Goods Sold for the three months ended in Jun. 2026 was NT$330 Mil. Hence, Taiwan Steel Union Co's Days Payable for the three months ended in Jun. 2026 was 9.79.

The historical rank and industry rank for Taiwan Steel Union Co's Days Payable or its related term are showing as below:

TPE:6581' s Days Payable Range Over the Past 10 Years
Min: 12.55   Med: 14.75   Max: 19.28
Current: 14.17

During the past 13 years, Taiwan Steel Union Co's highest Days Payable was 19.28. The lowest was 12.55. And the median was 14.75.

TPE:6581's Days Payable is ranked worse than
89.7% of 233 companies
in the Waste Management industry
Industry Median: 64.1 vs TPE:6581: 14.17

Taiwan Steel Union Co's Days Payable declined from Jun. 2025 (13.12) to Jun. 2026 (9.79). It may suggest that Taiwan Steel Union Co accelerated paying its suppliers.


Taiwan Steel Union Co Days Payable Historical Data

* Premium members only.

The historical data trend for Taiwan Steel Union 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.

Taiwan Steel Union Co Days Payable Chart

Taiwan Steel Union 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 14.57 13.10 14.93 15.54 17.53

Taiwan Steel Union Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 13.12 13.93 15.56 21.26 9.79

TPE:6581 vs WM, RSG, WCN: Days Payable Comparison

For the Waste Management subindustry, Taiwan Steel Union 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.


Taiwan Steel Union Co Days Payable vs Waste Management Industry

For the Waste Management industry and Industrials sector, Taiwan Steel Union Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Taiwan Steel Union Co's Days Payable falls into.


TPE:6581
83GF Score
Taiwan Steel Union Co Ltd TPE:6581
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taiwan Steel Union 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.

Taiwan Steel Union 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
=( (46.154 + 57.815) / 2 ) / 1082.513*365
=51.9845 / 1082.513*365
=17.53

Taiwan Steel Union Co's Days Payable for the quarter that ended in Jun. 2026 is calculated as:

Days Payable (Q: Jun. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2026 ) + Accounts Payable (Q: Jun. 2026 )) / count ) / Cost of Goods Sold (Q: Jun. 2026 )*Days in Period
=( (37.377 + 33.54) / 2 ) / 330.361*365 / 4
=35.4585 / 330.361*365 / 4
=9.79

* 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 9.79 mean?
Taiwan Steel Union Co (TPE:6581) has a Days Payable of 9.79 as of Jun. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Taiwan Steel Union Co and its competitors. This is 34% below median its historical median of 14.75. Over the past decade, Taiwan Steel Union Co's Days Payable has ranged from 12.55 to 19.28. According to the industry distribution chart, Taiwan Steel Union Co ranks #209 out of 233 companies in the Waste Management industry, placing it in the top 89.7%.
Is Taiwan Steel Union Co's Days Payable too high?
Taiwan Steel Union Co's current Days Payable of 9.79 is 34% below median its 10-year median of 14.75. Over the past 10 years, this metric has ranged from a low of 12.55 to a high of 19.28. The Waste Management industry median Days Payable is 64.10. Taiwan Steel Union Co's value of 9.79 is 84.7% below this industry median. Based on the distribution chart, Taiwan Steel Union Co ranks #209 out of 233 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, Taiwan Steel Union Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Steel Union Co's Days Payable compare to WM and RSG?
According to the Waste Management industry distribution chart, Taiwan Steel Union Co ranks #209 out of 233 companies for Days Payable. This places Taiwan Steel Union Co in the lower half of its industry. The industry median Days Payable is 64.10. Taiwan Steel Union Co's value of 9.79 is 84.7% below this benchmark. Historically, Taiwan Steel Union Co's own Days Payable has ranged from 12.55 to 19.28 over the past decade. While the company's 10-year median is 14.75 vs. the industry median of 64.10, Taiwan Steel Union 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 Waste Management company?
The median Days Payable among Waste Management companies is 64.10, based on 233 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. Taiwan Steel Union Co's current Days Payable of 9.79 is 84.7% 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 Taiwan Steel Union Co and its competitors. For the Waste Management industry, the median Days Payable is 64.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Steel Union Co's current Days Payable is 9.79, which is 34% below median its own 10-year median of 14.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Steel Union Co stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Steel Union Co (TPE:6581) is currently considered Fairly Valued. The stock's GF Value™ is NT$109.50, compared to a current price of NT$108.50 — trading 0.9% below its estimated fair value. The current Days Payable is 9.79, which is 34% below median its 10-year median of 14.75 and 84.7% below the Waste Management industry median of 64.10. Taiwan Steel Union Co's overall GF Score™ is 83/100 with 4 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 Taiwan Steel Union Co (TPE:6581), the current Days Payable is 9.79 as of Jun. 2026. 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 Taiwan Steel Union Co (TPE:6581) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Steel Union Co stock appears to be undervalued. The current stock price of NT$108.50 is trading 0.9% below its estimated GF Value™ of NT$109.50. GuruFocus considers Taiwan Steel Union Co to be Fairly Valued.

Key valuation signals for TPE:6581:

  • Days Payable: 9.79 (34% below median its 10-year median of 14.75)
  • GF Value™: NT$109.50 vs. price of NT$108.50 (0.9% below fair value)
  • GF Score™: 83/100 with 4 warning signs
  • Industry Position: 84.7% below the Waste Management median (#209 of 233)

No single metric tells the full story. See the TPE:6581 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Steel Union Co Business Description

Address No. 36, Siangong North 1st Road, Changbin Industrial Zone, Shengang Township, Changhua, TWN, 50953
Taiwan Steel Union Co Ltd is a Taiwan-based waste management company. The company's main business is to dispose and reuse general industrial waste and hazardous industrial waste, as well as manufacture and trade non-ferrous metal (zinc oxide) and non-metallic mineral products.
83GF Score

Get the complete analysis for TPE:6581

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

NT$108.50
Price
NT$109.50
GF Value