Horizon Fixture Group Co (TPE:6957) Days Payable: 48.05 (As of Dec. 2025) — 17% Below Median


TPE:6957 Horizon Fixture Group Co Ltd TPE:6957
23 GF Score
Price NT$207.00
! 4 Warning Signs
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What is Horizon Fixture Group Co Days Payable?

Horizon Fixture Group Co TPE:6957 -2.36% 23 Days Payable is 48.05 as of Dec. 2025, which is 17% below its 10-year median of 58.16. GuruFocus rates TPE:6957 with a GF Score™ of 23/100. The stock has 4 warning signs investors should review. Among 414 Furnishings, Fixtures & Appliances companies, Horizon Fixture Group Co ranks worse than 68.84% on this metric.

Horizon Fixture Group Co's average Accounts Payable for the three months ended in Dec. 2025 was NT$318 Mil. Horizon Fixture Group Co's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$604 Mil. Hence, Horizon Fixture Group Co's Days Payable for the three months ended in Dec. 2025 was 48.05.

The historical rank and industry rank for Horizon Fixture Group Co's Days Payable or its related term are showing as below:

TPE:6957' s Days Payable Range Over the Past 10 Years
Min: 40.52   Med: 58.16   Max: 68.59
Current: 47.07

During the past 5 years, Horizon Fixture Group Co's highest Days Payable was 68.59. The lowest was 40.52. And the median was 58.16.

TPE:6957's Days Payable is ranked worse than
68.84% of 414 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 64 vs TPE:6957: 47.07

Horizon Fixture Group Co's Days Payable increased from Dec. 2024 (43.91) to Dec. 2025 (48.05). It may suggest that Horizon Fixture Group Co delayed paying its suppliers.


Horizon Fixture Group Co Days Payable Historical Data

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The historical data trend for Horizon Fixture Group 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.

Horizon Fixture Group Co Days Payable Chart

Horizon Fixture Group Co Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
68.59 62.14 58.16 40.52 47.87

Horizon Fixture Group Co Quarterly Data
Dec21 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 43.91 49.74 49.12 41.90 48.05

TPE:6957 vs SN, SGI, MHK: Days Payable Comparison

For the Furnishings, Fixtures & Appliances subindustry, Horizon Fixture Group 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.


Horizon Fixture Group Co Days Payable vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Horizon Fixture Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Horizon Fixture Group Co's Days Payable falls into.


TPE:6957
23GF Score
Horizon Fixture Group Co Ltd TPE:6957
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Horizon Fixture Group 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.

Horizon Fixture Group 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
=( (290.747 + 308.826) / 2 ) / 2285.96*365
=299.7865 / 2285.96*365
=47.87

Horizon Fixture Group 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
=( (327.162 + 308.826) / 2 ) / 603.89*365 / 4
=317.994 / 603.89*365 / 4
=48.05

* 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 48.05 mean?
Horizon Fixture Group Co (TPE:6957) has a Days Payable of 48.05 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 Horizon Fixture Group Co and its competitors. This is 17% below median its historical median of 58.16. Over the past decade, Horizon Fixture Group Co's Days Payable has ranged from 40.52 to 68.59. According to the industry distribution chart, Horizon Fixture Group Co ranks #285 out of 414 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 68.8%.
Is Horizon Fixture Group Co's Days Payable too high?
Horizon Fixture Group Co's current Days Payable of 48.05 is 17% below median its 10-year median of 58.16. Over the past 10 years, this metric has ranged from a low of 40.52 to a high of 68.59. The Furnishings, Fixtures & Appliances industry median Days Payable is 64.00. Horizon Fixture Group Co's value of 48.05 is 24.9% below this industry median. Based on the distribution chart, Horizon Fixture Group Co ranks #285 out of 414 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, Horizon Fixture Group Co has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Horizon Fixture Group Co's Days Payable compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Horizon Fixture Group Co ranks #285 out of 414 companies for Days Payable. This places Horizon Fixture Group Co in the lower half of its industry. The industry median Days Payable is 64.00. Horizon Fixture Group Co's value of 48.05 is 24.9% below this benchmark. Historically, Horizon Fixture Group Co's own Days Payable has ranged from 40.52 to 68.59 over the past decade. While the company's 10-year median is 58.16 vs. the industry median of 64.00, Horizon Fixture Group 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 Furnishings, Fixtures & Appliances company?
The median Days Payable among Furnishings, Fixtures & Appliances companies is 64.00, based on 414 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. Horizon Fixture Group Co's current Days Payable of 48.05 is 24.9% 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 Horizon Fixture Group Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Days Payable is 64.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horizon Fixture Group Co's current Days Payable is 48.05, which is 17% below median its own 10-year median of 58.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horizon Fixture Group Co stock overvalued right now?
Horizon Fixture Group Co (TPE:6957) has a current Days Payable of 48.05. The current Days Payable is 48.05, which is 17% below median its 10-year median of 58.16 and 24.9% below the Furnishings, Fixtures & Appliances industry median of 64.00. Horizon Fixture Group Co's overall GF Score™ is 23/100 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 Horizon Fixture Group Co (TPE:6957), the current Days Payable is 48.05 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.

Horizon Fixture Group Co Business Description

Address No. 122, Chenggong 3rd Road, Nantou County, Nantou, TWN, 540028
Horizon Fixture Group Co Ltd is engaged in the design, manufacturing, and sale of retail store display fixtures and related products. The group provides customized in-store display solutions, including shelving systems, kiosks, modular stands, and other display fixtures, along with installation and delivery services. Its operations include iron and wood manufacturing and related logistics services.
23GF Score

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NT$207.00
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