Chien Shing Harbour Service Co (TPE:8367) Days Payable: 25.24 (As of Dec. 2025) — 34% Below Median


TPE:8367 Chien Shing Harbour Service Co Ltd TPE:8367
74 GF Score
Price NT$40.00
GF Value NT$67.84
Valuation Possible Value Trap
! 6 Warning Signs
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What is Chien Shing Harbour Service Co Days Payable?

Chien Shing Harbour Service Co TPE:8367 +0.25% 74 Days Payable is 25.24 as of Dec. 2025, which is 34% below its 10-year median of 37.98. GuruFocus rates TPE:8367 with a GF Score™ of 74/100 and a GF Value™ of NT$67.84 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 964 Transportation companies, Chien Shing Harbour Service Co ranks worse than 67.53% on this metric.

Chien Shing Harbour Service Co's average Accounts Payable for the three months ended in Dec. 2025 was NT$156 Mil. Chien Shing Harbour Service Co's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$565 Mil. Hence, Chien Shing Harbour Service Co's Days Payable for the three months ended in Dec. 2025 was 25.24.

The historical rank and industry rank for Chien Shing Harbour Service Co's Days Payable or its related term are showing as below:

TPE:8367' s Days Payable Range Over the Past 10 Years
Min: 27.81   Med: 37.98   Max: 44.98
Current: 27.81

During the past 13 years, Chien Shing Harbour Service Co's highest Days Payable was 44.98. The lowest was 27.81. And the median was 37.98.

TPE:8367's Days Payable is ranked worse than
67.53% of 964 companies
in the Transportation industry
Industry Median: 38.985 vs TPE:8367: 27.81

Chien Shing Harbour Service Co's Days Payable declined from Dec. 2024 (33.89) to Dec. 2025 (25.24). It may suggest that Chien Shing Harbour Service Co accelerated paying its suppliers.


Chien Shing Harbour Service Co Days Payable Historical Data

* Premium members only.

The historical data trend for Chien Shing Harbour Service 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.

Chien Shing Harbour Service Co Days Payable Chart

Chien Shing Harbour Service 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 30.93 42.21 44.98 38.02 29.32

Chien Shing Harbour Service 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 33.89 30.56 27.42 26.62 25.24

Chien Shing Harbour Service Co Days Payable Competitor Comparison

For the Marine Shipping subindustry, Chien Shing Harbour Service 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.


Chien Shing Harbour Service Co Days Payable vs Transportation Industry

For the Transportation industry and Industrials sector, Chien Shing Harbour Service Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Chien Shing Harbour Service Co's Days Payable falls into.


TPE:8367
74GF Score
Chien Shing Harbour Service Co Ltd TPE:8367
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Chien Shing Harbour Service 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.

Chien Shing Harbour Service 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
=( (195.005 + 159.114) / 2 ) / 2204.505*365
=177.0595 / 2204.505*365
=29.32

Chien Shing Harbour Service 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
=( (153.455 + 159.114) / 2 ) / 565.023*365 / 4
=156.2845 / 565.023*365 / 4
=25.24

* 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 25.24 mean?
Chien Shing Harbour Service Co (TPE:8367) has a Days Payable of 25.24 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 Chien Shing Harbour Service Co and its competitors. This is 34% below median its historical median of 37.98. Over the past decade, Chien Shing Harbour Service Co's Days Payable has ranged from 27.81 to 44.98. According to the industry distribution chart, Chien Shing Harbour Service Co ranks #651 out of 964 companies in the Transportation industry, placing it in the top 67.5%.
Is Chien Shing Harbour Service Co's Days Payable too high?
Chien Shing Harbour Service Co's current Days Payable of 25.24 is 34% below median its 10-year median of 37.98. Over the past 10 years, this metric has ranged from a low of 27.81 to a high of 44.98. The Transportation industry median Days Payable is 38.99. Chien Shing Harbour Service Co's value of 25.24 is 35.3% below this industry median. Based on the distribution chart, Chien Shing Harbour Service Co ranks #651 out of 964 companies in the Transportation industry, which is below the industry midpoint. Overall, Chien Shing Harbour Service Co has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Chien Shing Harbour Service Co's Days Payable compare to competitors?
According to the Transportation industry distribution chart, Chien Shing Harbour Service Co ranks #651 out of 964 companies for Days Payable. This places Chien Shing Harbour Service Co in the lower half of its industry. The industry median Days Payable is 38.99. Chien Shing Harbour Service Co's value of 25.24 is 35.3% below this benchmark. Historically, Chien Shing Harbour Service Co's own Days Payable has ranged from 27.81 to 44.98 over the past decade. While the company's 10-year median is 37.98 vs. the industry median of 38.99, Chien Shing Harbour Service 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 Transportation company?
The median Days Payable among Transportation companies is 38.99, based on 964 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. Chien Shing Harbour Service Co's current Days Payable of 25.24 is 35.3% 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 Chien Shing Harbour Service Co and its competitors. For the Transportation industry, the median Days Payable is 38.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chien Shing Harbour Service Co's current Days Payable is 25.24, which is 34% below median its own 10-year median of 37.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chien Shing Harbour Service Co stock overvalued right now?
Based on GuruFocus' analysis, Chien Shing Harbour Service Co (TPE:8367) is currently considered Possible Value Trap. The stock's GF Value™ is NT$67.84, compared to a current price of NT$40.00 — trading 41% below its estimated fair value. The current Days Payable is 25.24, which is 34% below median its 10-year median of 37.98 and 35.3% below the Transportation industry median of 38.99. Chien Shing Harbour Service Co's overall GF Score™ is 74/100 with 6 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 Chien Shing Harbour Service Co (TPE:8367), the current Days Payable is 25.24 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 Chien Shing Harbour Service Co (TPE:8367) Overvalued in 2026?

Based on GuruFocus' analysis, Chien Shing Harbour Service Co stock appears to be undervalued. The current stock price of NT$40.00 is trading 41% below its estimated GF Value™ of NT$67.84. GuruFocus considers Chien Shing Harbour Service Co to be Possible Value Trap.

Key valuation signals for TPE:8367:

  • Days Payable: 25.24 (34% below median its 10-year median of 37.98)
  • GF Value™: NT$67.84 vs. price of NT$40.00 (41% below fair value)
  • GF Score™: 74/100 with 6 warning signs
  • Industry Position: 35.3% below the Transportation median (#651 of 964)

No single metric tells the full story. See the TPE:8367 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chien Shing Harbour Service Co Business Description

Address Lingang Road, No. 68, Section 3, Wuqi District, Taichung, TWN, 435
Chien Shing Harbour Service Co Ltd is a Taiwan-based shipping company. The main business activities of the company include warehousing service, operation of gas stations, sale of gasoline and diesel, operation of convenience stores, automobile cargo transportation, automobile container transport, container leasing, operation of the container terminal, customs brokerage, and vessel stevedoring service. The group has four operating segments - The warehousing segment, the Customs brokerage department, the Transportation segment and the Vessel stevedoring segment. The majority is from the vessel stevedoring segment, which is responsible for stevedoring of break bulk cargo for businesses and shipping companies locally and abroad.
74GF Score

Get the complete analysis for TPE:8367

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

NT$40.00
Price
NT$67.84
GF Value