Praise Victor Industry Co (TPE:7768) Days Payable: 30.64 (As of Mar. 2026) — 13% 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:7768 Praise Victor Industry Co Ltd TPE:7768
16 GF Score
Price NT$257.00
! 3 Warning Signs
View Full Analysis

What is Praise Victor Industry Co Days Payable?

Praise Victor Industry Co TPE:7768 -2.47% 16 Days Payable is 30.64 as of Mar. 2026, which is 13% below its 10-year median of 35.14. GuruFocus rates TPE:7768 with a GF Score™ of 16/100. The stock has 3 warning signs investors should review. Among 1,556 Chemicals companies, Praise Victor Industry Co ranks worse than 78.79% on this metric.

Praise Victor Industry Co's average Accounts Payable for the three months ended in Mar. 2026 was NT$83 Mil. Praise Victor Industry Co's Cost of Goods Sold for the three months ended in Mar. 2026 was NT$247 Mil. Hence, Praise Victor Industry Co's Days Payable for the three months ended in Mar. 2026 was 30.64.

The historical rank and industry rank for Praise Victor Industry Co's Days Payable or its related term are showing as below:

TPE:7768' s Days Payable Range Over the Past 10 Years
Min: 30.53   Med: 35.14   Max: 37.04
Current: 30.53

During the past 5 years, Praise Victor Industry Co's highest Days Payable was 37.04. The lowest was 30.53. And the median was 35.14.

TPE:7768's Days Payable is ranked worse than
78.79% of 1556 companies
in the Chemicals industry
Industry Median: 60.12 vs TPE:7768: 30.53

Praise Victor Industry Co's Days Payable declined from Mar. 2025 (38.97) to Mar. 2026 (30.64). It may suggest that Praise Victor Industry Co accelerated paying its suppliers.


Praise Victor Industry Co Days Payable Historical Data

* Premium members only.

The historical data trend for Praise Victor Industry 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.

Praise Victor Industry Co Days Payable Chart

Praise Victor Industry Co Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
37.04 36.18 35.14 32.20 32.21

Praise Victor Industry Co Quarterly Data
Dec21 Dec22 Dec23 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 38.97 28.24 31.81 31.11 30.64

TPE:7768 vs DOW: Days Payable Comparison

For the Chemicals subindustry, Praise Victor Industry 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.


Praise Victor Industry Co Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Praise Victor Industry Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Praise Victor Industry Co's Days Payable falls into.


TPE:7768
16GF Score
Praise Victor Industry Co Ltd TPE:7768
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Praise Victor Industry 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.

Praise Victor Industry 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
=( (96.092 + 75.49) / 2 ) / 972.203*365
=85.791 / 972.203*365
=32.21

Praise Victor Industry Co's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (75.49 + 90.506) / 2 ) / 247.179*365 / 4
=82.998 / 247.179*365 / 4
=30.64

* 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 30.64 mean?
Praise Victor Industry Co (TPE:7768) has a Days Payable of 30.64 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Praise Victor Industry Co and its competitors. This is 13% below median its historical median of 35.14. Over the past decade, Praise Victor Industry Co's Days Payable has ranged from 30.53 to 37.04. According to the industry distribution chart, Praise Victor Industry Co ranks #1226 out of 1556 companies in the Chemicals industry, placing it in the top 78.8%.
Is Praise Victor Industry Co's Days Payable too high?
Praise Victor Industry Co's current Days Payable of 30.64 is 13% below median its 10-year median of 35.14. Over the past 10 years, this metric has ranged from a low of 30.53 to a high of 37.04. The Chemicals industry median Days Payable is 60.12. Praise Victor Industry Co's value of 30.64 is 49% below this industry median. Based on the distribution chart, Praise Victor Industry Co ranks #1226 out of 1556 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Praise Victor Industry Co has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Praise Victor Industry Co's Days Payable compare to DOW?
According to the Chemicals industry distribution chart, Praise Victor Industry Co ranks #1226 out of 1556 companies for Days Payable. This places Praise Victor Industry Co in the lower half of its industry. The industry median Days Payable is 60.12. Praise Victor Industry Co's value of 30.64 is 49% below this benchmark. Historically, Praise Victor Industry Co's own Days Payable has ranged from 30.53 to 37.04 over the past decade. While the company's 10-year median is 35.14 vs. the industry median of 60.12, Praise Victor Industry 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 Chemicals company?
The median Days Payable among Chemicals companies is 60.12, based on 1,556 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. Praise Victor Industry Co's current Days Payable of 30.64 is 49% 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 Praise Victor Industry Co and its competitors. For the Chemicals industry, the median Days Payable is 60.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Praise Victor Industry Co's current Days Payable is 30.64, which is 13% below median its own 10-year median of 35.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Praise Victor Industry Co stock overvalued right now?
Praise Victor Industry Co (TPE:7768) has a current Days Payable of 30.64. The current Days Payable is 30.64, which is 13% below median its 10-year median of 35.14 and 49% below the Chemicals industry median of 60.12. Praise Victor Industry Co's overall GF Score™ is 16/100 with 3 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 Praise Victor Industry Co (TPE:7768), the current Days Payable is 30.64 as of Mar. 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.

Praise Victor Industry Co Business Description

Address No. 2, Gongyequ 14th Road, Xitun District, Taichung, TWN
Praise Victor Industry Co Ltd is engaged in the trading of chemical raw materials (PU foams) and manufacturing equipment. The group includes PU foam, PU elastomers, and PU adhesives applications. It is not only producing PU products but also help customers with solutions for PU product manufacturing. Its products are: Design and development of semiconductor consumables, Comfort and health products, Environmentally-friendly adhesives, PU casting products, Soft and rigid foam products, and Collaborative development of new products and development.
16GF Score

Get the complete analysis for TPE:7768

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

NT$257.00
Price