Medtecs International (TPE:9103) Days Payable: 37.80 (As of Dec. 2025) — 97% Above Median

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TPE:9103 Medtecs International Corp Ltd TPE:9103
70 GF Score
Price NT$5.12
GF Value NT$7.67
Valuation Possible Value Trap
! 4 Warning Signs
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What is Medtecs International Days Payable?

Medtecs International TPE:9103 -1.92% 70 Days Payable is 37.80 as of Dec. 2025, which is 97% above its 10-year median of 19.17. GuruFocus rates TPE:9103 with a GF Score™ of 70/100 and a GF Value™ of NT$7.67 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 795 Medical Devices & Instruments companies, Medtecs International ranks worse than 80.63% on this metric.

Medtecs International's average Accounts Payable for the six months ended in Dec. 2025 was NT$243 Mil. Medtecs International's Cost of Goods Sold for the six months ended in Dec. 2025 was NT$1,172 Mil. Hence, Medtecs International's Days Payable for the six months ended in Dec. 2025 was 37.80.

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

TPE:9103' s Days Payable Range Over the Past 10 Years
Min: 5.56   Med: 19.17   Max: 76.05
Current: 33.96

During the past 13 years, Medtecs International's highest Days Payable was 76.05. The lowest was 5.56. And the median was 19.17.

TPE:9103's Days Payable is ranked worse than
80.63% of 795 companies
in the Medical Devices & Instruments industry
Industry Median: 68.36 vs TPE:9103: 33.96

Medtecs International's Days Payable increased from Dec. 2024 (29.97) to Dec. 2025 (37.80). It may suggest that Medtecs International delayed paying its suppliers.


Medtecs International Days Payable Historical Data

* Premium members only.

The historical data trend for Medtecs International'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.

Medtecs International Days Payable Chart

Medtecs International 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 19.07 18.24 14.95 16.83 25.72

Medtecs International Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 31.81 32.02 29.97 37.24 37.80

TPE:9103 vs ISRG, BDX, MDLN: Days Payable Comparison

For the Medical Instruments & Supplies subindustry, Medtecs International'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.


Medtecs International Days Payable vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Medtecs International's Days Payable distribution charts can be found below:

* The bar in red indicates where Medtecs International's Days Payable falls into.


TPE:9103
70GF Score
Medtecs International Corp Ltd TPE:9103
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Medtecs International 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.

Medtecs International'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
=( (78.862 + 214.136) / 2 ) / 2079.285*365
=146.499 / 2079.285*365
=25.72

Medtecs International'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: Jun. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (271.169 + 214.136) / 2 ) / 1171.51*365 / 2
=242.6525 / 1171.51*365 / 2
=37.80

* 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 37.80 mean?
Medtecs International (TPE:9103) has a Days Payable of 37.80 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 Medtecs International and its competitors. This is 97% above median its historical median of 19.17. Over the past decade, Medtecs International's Days Payable has ranged from 5.56 to 76.05. According to the industry distribution chart, Medtecs International ranks #641 out of 795 companies in the Medical Devices & Instruments industry, placing it in the top 80.6%.
Is Medtecs International's Days Payable too high?
Medtecs International's current Days Payable of 37.80 is 97% above median its 10-year median of 19.17. Over the past 10 years, this metric has ranged from a low of 5.56 to a high of 76.05. The Medical Devices & Instruments industry median Days Payable is 68.36. Medtecs International's value of 37.80 is 44.7% below this industry median. Based on the distribution chart, Medtecs International ranks #641 out of 795 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Medtecs International has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Medtecs International's Days Payable compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Medtecs International ranks #641 out of 795 companies for Days Payable. This places Medtecs International in the lower half of its industry. The industry median Days Payable is 68.36. Medtecs International's value of 37.80 is 44.7% below this benchmark. Historically, Medtecs International's own Days Payable has ranged from 5.56 to 76.05 over the past decade. While the company's 10-year median is 19.17 vs. the industry median of 68.36, Medtecs International 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 Medical Devices & Instruments company?
The median Days Payable among Medical Devices & Instruments companies is 68.36, based on 795 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. Medtecs International's current Days Payable of 37.80 is 44.7% 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 Medtecs International and its competitors. For the Medical Devices & Instruments industry, the median Days Payable is 68.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medtecs International's current Days Payable is 37.80, which is 97% above median its own 10-year median of 19.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medtecs International stock overvalued right now?
Based on GuruFocus' analysis, Medtecs International (TPE:9103) is currently considered Possible Value Trap. The stock's GF Value™ is NT$7.67, compared to a current price of NT$5.12 — trading 33.2% below its estimated fair value. The current Days Payable is 37.80, which is 97% above median its 10-year median of 19.17 and 44.7% below the Medical Devices & Instruments industry median of 68.36. Medtecs International's overall GF Score™ is 70/100 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 Medtecs International (TPE:9103), the current Days Payable is 37.80 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 Medtecs International (TPE:9103) Overvalued in 2026?

Based on GuruFocus' analysis, Medtecs International stock appears to be undervalued. The current stock price of NT$5.12 is trading 33.2% below its estimated GF Value™ of NT$7.67. GuruFocus considers Medtecs International to be Possible Value Trap.

Key valuation signals for TPE:9103:

  • Days Payable: 37.80 (97% above median its 10-year median of 19.17)
  • GF Value™: NT$7.67 vs. price of NT$5.12 (33.2% below fair value)
  • GF Score™: 70/100 with 4 warning signs
  • Industry Position: 44.7% below the Medical Devices & Instruments median (#641 of 795)

No single metric tells the full story. See the TPE:9103 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Medtecs International Business Description

Other Exchanges 546:Singapore
Address SongGao Road, 11th Floor, No. 9, Xinyi District, Taipei, TWN, 110
Medtecs International Corp Ltd is an investment holding company. The company, along with its subsidiaries, is a manufacturer of medical consumables and provides healthcare products and services. It operates in three segments. The Manufacturing segment produces and sub-contracts medical consumables, including patients' apparel, disposable surgical masks, boot covers and surgical gowns, adult diapers, underpads, crochet blankets, bed linens and medical bandages. The Hospital services segment provides laundry and leasing services. The Distribution segment is involved in the marketing of Medtecs-branded medical consumables to hospitals, pharmacies, and other end users in Asia Pacific and through online channels. It generates the majority of its revenue from the Manufacturing segment.
70GF Score

Get the complete analysis for TPE:9103

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

NT$5.12
Price
NT$7.67
GF Value