Alexander Marine Co (TPE:8478) Days Payable: 34.67 (As of Dec. 2025) — 31% Above Median

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TPE:8478 Alexander Marine Co Ltd TPE:8478
74 GF Score
Price NT$156.50
GF Value NT$292.79
Valuation Significantly Undervalued
! 6 Warning Signs
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What is Alexander Marine Co Days Payable?

Alexander Marine Co TPE:8478 +1.62% 74 Days Payable is 34.67 as of Dec. 2025, which is 31% above its 10-year median of 26.42. GuruFocus rates TPE:8478 with a GF Score™ of 74/100 and a GF Value™ of NT$292.79 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 1,306 Vehicles & Parts companies, Alexander Marine Co ranks worse than 88.44% on this metric.

Alexander Marine Co's average Accounts Payable for the three months ended in Dec. 2025 was NT$252 Mil. Alexander Marine Co's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$663 Mil. Hence, Alexander Marine Co's Days Payable for the three months ended in Dec. 2025 was 34.67.

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

TPE:8478' s Days Payable Range Over the Past 10 Years
Min: 19.32   Med: 26.42   Max: 32.93
Current: 27.34

During the past 13 years, Alexander Marine Co's highest Days Payable was 32.93. The lowest was 19.32. And the median was 26.42.

TPE:8478's Days Payable is ranked worse than
88.44% of 1306 companies
in the Vehicles & Parts industry
Industry Median: 67.14 vs TPE:8478: 27.34

Alexander Marine Co's Days Payable declined from Dec. 2024 (38.83) to Dec. 2025 (34.67). It may suggest that Alexander Marine Co accelerated paying its suppliers.


Alexander Marine Co Days Payable Historical Data

* Premium members only.

The historical data trend for Alexander Marine 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.

Alexander Marine Co Days Payable Chart

Alexander Marine 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 25.55 28.06 31.91 32.93 27.29

Alexander Marine 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 38.83 33.93 22.52 23.20 34.67

TPE:8478 vs BC, PII, THO: Days Payable Comparison

For the Recreational Vehicles subindustry, Alexander Marine 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.


Alexander Marine Co Days Payable vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Alexander Marine Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Alexander Marine Co's Days Payable falls into.


TPE:8478
74GF Score
Alexander Marine Co Ltd TPE:8478
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alexander Marine 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.

Alexander Marine 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
=( (217.274 + 259.581) / 2 ) / 3188.961*365
=238.4275 / 3188.961*365
=27.29

Alexander Marine 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
=( (244.029 + 259.581) / 2 ) / 662.748*365 / 4
=251.805 / 662.748*365 / 4
=34.67

* 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 34.67 mean?
Alexander Marine Co (TPE:8478) has a Days Payable of 34.67 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 Alexander Marine Co and its competitors. This is 31% above median its historical median of 26.42. Over the past decade, Alexander Marine Co's Days Payable has ranged from 19.32 to 32.93. According to the industry distribution chart, Alexander Marine Co ranks #1155 out of 1306 companies in the Vehicles & Parts industry, placing it in the top 88.4%.
Is Alexander Marine Co's Days Payable too high?
Alexander Marine Co's current Days Payable of 34.67 is 31% above median its 10-year median of 26.42. Over the past 10 years, this metric has ranged from a low of 19.32 to a high of 32.93. The Vehicles & Parts industry median Days Payable is 67.14. Alexander Marine Co's value of 34.67 is 48.4% below this industry median. Based on the distribution chart, Alexander Marine Co ranks #1155 out of 1306 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Alexander Marine Co has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alexander Marine Co's Days Payable compare to BC and PII?
According to the Vehicles & Parts industry distribution chart, Alexander Marine Co ranks #1155 out of 1306 companies for Days Payable. This places Alexander Marine Co in the lower half of its industry. The industry median Days Payable is 67.14. Alexander Marine Co's value of 34.67 is 48.4% below this benchmark. Historically, Alexander Marine Co's own Days Payable has ranged from 19.32 to 32.93 over the past decade. While the company's 10-year median is 26.42 vs. the industry median of 67.14, Alexander Marine 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 Vehicles & Parts company?
The median Days Payable among Vehicles & Parts companies is 67.14, based on 1,306 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. Alexander Marine Co's current Days Payable of 34.67 is 48.4% 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 Alexander Marine Co and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alexander Marine Co's current Days Payable is 34.67, which is 31% above median its own 10-year median of 26.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alexander Marine Co stock overvalued right now?
Based on GuruFocus' analysis, Alexander Marine Co (TPE:8478) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$292.79, compared to a current price of NT$156.50 — trading 46.5% below its estimated fair value. The current Days Payable is 34.67, which is 31% above median its 10-year median of 26.42 and 48.4% below the Vehicles & Parts industry median of 67.14. Alexander Marine 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 Alexander Marine Co (TPE:8478), the current Days Payable is 34.67 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 Alexander Marine Co (TPE:8478) Overvalued in 2026?

Based on GuruFocus' analysis, Alexander Marine Co stock appears to be undervalued. The current stock price of NT$156.50 is trading 46.5% below its estimated GF Value™ of NT$292.79. GuruFocus considers Alexander Marine Co to be Significantly Undervalued.

Key valuation signals for TPE:8478:

  • Days Payable: 34.67 (31% above median its 10-year median of 26.42)
  • GF Value™: NT$292.79 vs. price of NT$156.50 (46.5% below fair value)
  • GF Score™: 74/100 with 6 warning signs
  • Industry Position: 48.4% below the Vehicles & Parts median (#1155 of 1306)

No single metric tells the full story. See the TPE:8478 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alexander Marine Co Business Description

Address No. 1, Jin-Fu Road, Qian-Zhen District, Kaohsiung City, TWN, 806
Alexander Marine Co Ltd mainly manufactures and sells yachts. The main operations of the Corporation and its subsidiaries are the manufacturing, processing, and selling of yachts.
74GF Score

Get the complete analysis for TPE:8478

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

NT$156.50
Price
NT$292.79
GF Value