Taiwan Cogeneration (TPE:8926) Days Payable: 44.01 (As of Jun. 2026) — 72% Below Median

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TPE:8926 Taiwan Cogeneration Corp TPE:8926
72 GF Score
Price NT$57.00
GF Value NT$197.66
Valuation Possible Value Trap
! 4 Warning Signs
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What is Taiwan Cogeneration Days Payable?

Taiwan Cogeneration TPE:8926 +0.88% 72 Days Payable is 44.01 as of Jun. 2026, which is 72% below its 10-year median of 158.90. GuruFocus rates TPE:8926 with a GF Score™ of 72/100 and a GF Value™ of NT$197.66 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,718 Construction companies, Taiwan Cogeneration ranks worse than 56.17% on this metric.

Taiwan Cogeneration's average Accounts Payable for the three months ended in Jun. 2026 was NT$9,112 Mil. Taiwan Cogeneration's Cost of Goods Sold for the three months ended in Jun. 2026 was NT$18,891 Mil. Hence, Taiwan Cogeneration's Days Payable for the three months ended in Jun. 2026 was 44.01.

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

TPE:8926' s Days Payable Range Over the Past 10 Years
Min: 60.08   Med: 158.9   Max: 309.73
Current: 66.61

During the past 13 years, Taiwan Cogeneration's highest Days Payable was 309.73. The lowest was 60.08. And the median was 158.90.

TPE:8926's Days Payable is ranked worse than
56.17% of 1718 companies
in the Construction industry
Industry Median: 76.565 vs TPE:8926: 66.61

Taiwan Cogeneration's Days Payable declined from Jun. 2025 (239.00) to Jun. 2026 (44.01). It may suggest that Taiwan Cogeneration accelerated paying its suppliers.


Taiwan Cogeneration Days Payable Historical Data

* Premium members only.

The historical data trend for Taiwan Cogeneration'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 Cogeneration Days Payable Chart

Taiwan Cogeneration 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 227.95 309.73 248.81 165.19 233.64

Taiwan Cogeneration 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 239.00 329.16 228.88 44.21 44.01

TPE:8926 vs PWR, FIX, EME: Days Payable Comparison

For the Engineering & Construction subindustry, Taiwan Cogeneration'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 Cogeneration Days Payable vs Construction Industry

For the Construction industry and Industrials sector, Taiwan Cogeneration's Days Payable distribution charts can be found below:

* The bar in red indicates where Taiwan Cogeneration's Days Payable falls into.


TPE:8926
72GF Score
Taiwan Cogeneration Corp TPE:8926
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taiwan Cogeneration 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 Cogeneration'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
=( (4493.346 + 3863.265) / 2 ) / 6527.477*365
=4178.3055 / 6527.477*365
=233.64

Taiwan Cogeneration'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
=( (8284.787 + 9939.018) / 2 ) / 18890.617*365 / 4
=9111.9025 / 18890.617*365 / 4
=44.01

* 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 44.01 mean?
Taiwan Cogeneration (TPE:8926) has a Days Payable of 44.01 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 Cogeneration and its competitors. This is 72% below median its historical median of 158.90. Over the past decade, Taiwan Cogeneration's Days Payable has ranged from 60.08 to 309.73. According to the industry distribution chart, Taiwan Cogeneration ranks #965 out of 1718 companies in the Construction industry, placing it in the top 56.2%.
Is Taiwan Cogeneration's Days Payable too high?
Taiwan Cogeneration's current Days Payable of 44.01 is 72% below median its 10-year median of 158.90. Over the past 10 years, this metric has ranged from a low of 60.08 to a high of 309.73. The Construction industry median Days Payable is 76.57. Taiwan Cogeneration's value of 44.01 is 42.5% below this industry median. Based on the distribution chart, Taiwan Cogeneration ranks #965 out of 1718 companies in the Construction industry, which is below the industry midpoint. Overall, Taiwan Cogeneration has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Taiwan Cogeneration's Days Payable compare to PWR and FIX?
According to the Construction industry distribution chart, Taiwan Cogeneration ranks #965 out of 1718 companies for Days Payable. This places Taiwan Cogeneration in the lower half of its industry. The industry median Days Payable is 76.57. Taiwan Cogeneration's value of 44.01 is 42.5% below this benchmark. Historically, Taiwan Cogeneration's own Days Payable has ranged from 60.08 to 309.73 over the past decade. While the company's 10-year median is 158.90 vs. the industry median of 76.57, Taiwan Cogeneration 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 Construction company?
The median Days Payable among Construction companies is 76.57, based on 1,718 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 Cogeneration's current Days Payable of 44.01 is 42.5% 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 Cogeneration and its competitors. For the Construction industry, the median Days Payable is 76.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Cogeneration's current Days Payable is 44.01, which is 72% below median its own 10-year median of 158.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Cogeneration stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Cogeneration (TPE:8926) is currently considered Possible Value Trap. The stock's GF Value™ is NT$197.66, compared to a current price of NT$57.00 — trading 71.2% below its estimated fair value. The current Days Payable is 44.01, which is 72% below median its 10-year median of 158.90 and 42.5% below the Construction industry median of 76.57. Taiwan Cogeneration's overall GF Score™ is 72/100 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 Cogeneration (TPE:8926), the current Days Payable is 44.01 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 Cogeneration (TPE:8926) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Cogeneration stock appears to be undervalued. The current stock price of NT$57.00 is trading 71.2% below its estimated GF Value™ of NT$197.66. GuruFocus considers Taiwan Cogeneration to be Possible Value Trap.

Key valuation signals for TPE:8926:

  • Days Payable: 44.01 (72% below median its 10-year median of 158.90)
  • GF Value™: NT$197.66 vs. price of NT$57.00 (71.2% below fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 42.5% below the Construction median (#965 of 1718)

No single metric tells the full story. See the TPE:8926 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Cogeneration Business Description

Address No. 392, Ruiguang Road, 6th Floor, Neihu District, Taipei, TWN, 11492
Taiwan Cogeneration Corp is engaged in engineering, planning, design, procurement, installation, construction and financial planning of cogeneration systems, environmental protection and fuel procurement for cogeneration systems and related businesses. The Corporation also operates and manages cogeneration plants, provides research and development, technical and consultation services related to cogeneration, and manufactures, assembles, sells, leases, installs and repairs cogeneration equipment. In addition, it invests in cogeneration plants, trades related equipment, engages in power generation businesses other than utility, and performs electric equipment installation. Its revenues are generated from sales from cogeneration plants and revenue from consulting and construction services.
72GF Score

Get the complete analysis for TPE:8926

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

NT$57.00
Price
NT$197.66
GF Value