Pou ChenTPE:9904 -3.60%81 Days Payable is 28.40 as of Dec. 2025, which is 4% above its 10-year median of 27.28. GuruFocus rates TPE:9904 with a GF Score™ of 81/100 and a GF Value™ of NT$30.85 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,016 Manufacturing - Apparel & Accessories companies, Pou Chen ranks worse than 74.7% on this metric.
Pou Chen's average Accounts Payable for the
three
months ended in Dec. 2025 was NT$15,036 Mil. Pou Chen's Cost of Goods Sold for the
three
months ended in Dec. 2025 was NT$48,311 Mil.
Hence, Pou Chen's Days Payable for the
three
months ended in Dec. 2025 was 28.40.
The historical rank and industry rank for Pou Chen's Days Payable or its related term are showing as below:
TPE:9904'
s Days Payable Range Over the Past 10 Years
Min: 23.41 Med: 27.28 Max: 34.19
Current: 29.97
During the past 13 years, Pou Chen's highest Days Payable was 34.19. The lowest was 23.41. And the median was 27.28.
TPE:9904's Days Payable is ranked worse than 74.7% of 1016
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.045
vs TPE:9904: 29.97
Pou Chen's Days Payable
declined
from Dec. 2024 (31.59) to Dec. 2025 (28.40).
It may suggest that Pou Chenaccelerated paying its suppliers.
Pou Chen Days Payable Related Terms
Pou Chen Days Payable Historical Data
* Premium members only.
The historical data trend for Pou Chen'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.
TPE:9904 vs NKE, DECK, ONON: Days Payable Comparison
For the Footwear & Accessories subindustry, Pou Chen'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.
Pou Chen Days Payable vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Pou Chen's Days Payable distribution charts can be found below:
* The bar in red indicates where Pou Chen's Days Payable falls into.
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.
Pou Chen's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Pou Chen (TPE:9904) has a Days Payable of 28.40 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 Pou Chen and its competitors. This is near median its historical median of 27.28. Over the past decade, Pou Chen's Days Payable has ranged from 23.41 to 34.19. According to the industry distribution chart, Pou Chen ranks #759 out of 1016 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 74.7%.
Is Pou Chen's Days Payable too high?
Pou Chen's current Days Payable of 28.40 is near median its 10-year median of 27.28. Over the past 10 years, this metric has ranged from a low of 23.41 to a high of 34.19. The Manufacturing - Apparel & Accessories industry median Days Payable is 54.05. Pou Chen's value of 28.40 is 47.5% below this industry median. Based on the distribution chart, Pou Chen ranks #759 out of 1016 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Pou Chen has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pou Chen's Days Payable compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Pou Chen ranks #759 out of 1016 companies for Days Payable. This places Pou Chen in the lower half of its industry. The industry median Days Payable is 54.05. Pou Chen's value of 28.40 is 47.5% below this benchmark. Historically, Pou Chen's own Days Payable has ranged from 23.41 to 34.19 over the past decade. While the company's 10-year median is 27.28 vs. the industry median of 54.05, Pou Chen 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 54.05, based on 1,016 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. Pou Chen's current Days Payable of 28.40 is 47.5% 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 Pou Chen and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 54.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pou Chen's current Days Payable is 28.40, which is near median its own 10-year median of 27.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pou Chen stock overvalued right now?
Based on GuruFocus' analysis, Pou Chen (TPE:9904) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$30.85, compared to a current price of NT$24.10 — trading 21.9% below its estimated fair value. The current Days Payable is 28.40, which is near median its 10-year median of 27.28 and 47.5% below the Manufacturing - Apparel & Accessories industry median of 54.05. Pou Chen's overall GF Score™ is 81/100 with 3 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 Pou Chen (TPE:9904), the current Days Payable is 28.40 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 Pou Chen (TPE:9904) Overvalued in 2026?
Based on GuruFocus' analysis, Pou Chen stock appears to be undervalued.
The current stock price of NT$24.10 is trading 21.9% below its estimated GF Value™ of NT$30.85.
GuruFocus considers Pou Chen to be Modestly Undervalued.
Key valuation signals for TPE:9904:
Days Payable: 28.40 (near median its 10-year median of 27.28)
GF Value™: NT$30.85 vs. price of NT$24.10 (21.9% below fair value)
Industry Position: 47.5% below the Manufacturing - Apparel & Accessories median (#759 of 1016)
No single metric tells the full story. See the TPE:9904 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pou Chen Corp the manufacture and sale of various kinds of shoes and the import and export of related products and materials. The company invests in and other footwear-related companies.
81GF Score
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