Fulgent Sun International (Holding) Co (TPE:9802) Days Payable: 65.75 (As of Mar. 2026) — 26% Above 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:9802 Fulgent Sun International (Holding) Co Ltd TPE:9802
81 GF Score
Price NT$71.60
GF Value NT$113.66
Valuation Significantly Undervalued
! 6 Warning Signs
View Full Analysis

What is Fulgent Sun International (Holding) Co Days Payable?

Fulgent Sun International (Holding) Co TPE:9802 -1.51% 81 Days Payable is 65.75 as of Mar. 2026, which is 26% above its 10-year median of 52.21. GuruFocus rates TPE:9802 with a GF Score™ of 81/100 and a GF Value™ of NT$113.66 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 1,018 Manufacturing - Apparel & Accessories companies, Fulgent Sun International (Holding) Co ranks better than 51.67% on this metric.

Fulgent Sun International (Holding) Co's average Accounts Payable for the three months ended in Mar. 2026 was NT$2,228 Mil. Fulgent Sun International (Holding) Co's Cost of Goods Sold for the three months ended in Mar. 2026 was NT$3,092 Mil. Hence, Fulgent Sun International (Holding) Co's Days Payable for the three months ended in Mar. 2026 was 65.75.

The historical rank and industry rank for Fulgent Sun International (Holding) Co's Days Payable or its related term are showing as below:

TPE:9802' s Days Payable Range Over the Past 10 Years
Min: 36.24   Med: 52.21   Max: 62.3
Current: 55.25

During the past 13 years, Fulgent Sun International (Holding) Co's highest Days Payable was 62.30. The lowest was 36.24. And the median was 52.21.

TPE:9802's Days Payable is ranked better than
51.67% of 1018 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.91 vs TPE:9802: 55.25

Fulgent Sun International (Holding) Co's Days Payable declined from Mar. 2025 (67.46) to Mar. 2026 (65.75). It may suggest that Fulgent Sun International (Holding) Co accelerated paying its suppliers.


Fulgent Sun International (Holding) Co Days Payable Related Terms


Fulgent Sun International (Holding) Co Days Payable Historical Data

* Premium members only.

The historical data trend for Fulgent Sun International (Holding) 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.

Fulgent Sun International (Holding) Co Days Payable Chart

Fulgent Sun International (Holding) 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 59.86 53.54 56.55 51.58 52.83

Fulgent Sun International (Holding) Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 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 67.46 46.34 57.70 49.31 65.75

TPE:9802 vs NKE, DECK, ONON: Days Payable Comparison

For the Footwear & Accessories subindustry, Fulgent Sun International (Holding) 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.


Fulgent Sun International (Holding) Co Days Payable vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Fulgent Sun International (Holding) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Fulgent Sun International (Holding) Co's Days Payable falls into.


TPE:9802
81GF Score
Fulgent Sun International (Holding) Co Ltd TPE:9802
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fulgent Sun International (Holding) 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.

Fulgent Sun International (Holding) 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
=( (2039.801 + 2051.288) / 2 ) / 14131.404*365
=2045.5445 / 14131.404*365
=52.83

Fulgent Sun International (Holding) 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
=( (2051.288 + 2405.05) / 2 ) / 3092.217*365 / 4
=2228.169 / 3092.217*365 / 4
=65.75

* 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 65.75 mean?
Fulgent Sun International (Holding) Co (TPE:9802) has a Days Payable of 65.75 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 Fulgent Sun International (Holding) Co and its competitors. This is 26% above median its historical median of 52.21. Over the past decade, Fulgent Sun International (Holding) Co's Days Payable has ranged from 36.24 to 62.30. According to the industry distribution chart, Fulgent Sun International (Holding) Co ranks #492 out of 1018 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 48.3%.
Is Fulgent Sun International (Holding) Co's Days Payable too high?
Fulgent Sun International (Holding) Co's current Days Payable of 65.75 is 26% above median its 10-year median of 52.21. Over the past 10 years, this metric has ranged from a low of 36.24 to a high of 62.30. The Manufacturing - Apparel & Accessories industry median Days Payable is 53.91. Fulgent Sun International (Holding) Co's value of 65.75 is 22% above this industry median. Based on the distribution chart, Fulgent Sun International (Holding) Co ranks #492 out of 1018 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Fulgent Sun International (Holding) Co has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fulgent Sun International (Holding) Co's Days Payable compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Fulgent Sun International (Holding) Co ranks #492 out of 1018 companies for Days Payable. This puts Fulgent Sun International (Holding) Co in the upper half of its industry. The industry median Days Payable is 53.91. Fulgent Sun International (Holding) Co's value of 65.75 is 22% above this benchmark. Historically, Fulgent Sun International (Holding) Co's own Days Payable has ranged from 36.24 to 62.30 over the past decade. While the company's 10-year median is 52.21 vs. the industry median of 53.91, Fulgent Sun International (Holding) Co has consistently been above 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 53.91, based on 1,018 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. Fulgent Sun International (Holding) Co's current Days Payable of 65.75 is 22% above 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 Fulgent Sun International (Holding) Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 53.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fulgent Sun International (Holding) Co's current Days Payable is 65.75, which is 26% above median its own 10-year median of 52.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fulgent Sun International (Holding) Co stock overvalued right now?
Based on GuruFocus' analysis, Fulgent Sun International (Holding) Co (TPE:9802) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$113.66, compared to a current price of NT$71.60 — trading 37% below its estimated fair value. The current Days Payable is 65.75, which is 26% above median its 10-year median of 52.21 and 22% above the Manufacturing - Apparel & Accessories industry median of 53.91. Fulgent Sun International (Holding) Co's overall GF Score™ is 81/100 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 Fulgent Sun International (Holding) Co (TPE:9802), the current Days Payable is 65.75 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.

Is Fulgent Sun International (Holding) Co (TPE:9802) Overvalued in 2026?

Based on GuruFocus' analysis, Fulgent Sun International (Holding) Co stock appears to be undervalued. The current stock price of NT$71.60 is trading 37% below its estimated GF Value™ of NT$113.66. GuruFocus considers Fulgent Sun International (Holding) Co to be Significantly Undervalued.

Key valuation signals for TPE:9802:

  • Days Payable: 65.75 (26% above median its 10-year median of 52.21)
  • GF Value™: NT$113.66 vs. price of NT$71.60 (37% below fair value)
  • GF Score™: 81/100 with 6 warning signs
  • Industry Position: 22% above the Manufacturing - Apparel & Accessories median (#492 of 1018)

No single metric tells the full story. See the TPE:9802 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fulgent Sun International (Holding) Co Business Description

Address No. 76, Section 3, Yunlin Road, Yunlin County, Douliu, TWN
Fulgent Sun International (Holding) Co Ltd is engaged in the business of production and sale of sports and leisure outdoor shoes. Its main business is the manufacturing of professional sports shoes and high-functional outdoor shoes. Its factories are located in China, Vietnam, and Cambodia.
81GF Score

Get the complete analysis for TPE:9802

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

NT$71.60
Price
NT$113.66
GF Value