Associated Industries China (TPE:9912) Days Payable: 49.00 (As of Jun. 2026) — Near Median

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TPE:9912 Associated Industries China Inc TPE:9912
63 GF Score
Price NT$12.90
GF Value NT$11.86
Valuation Fairly Valued
! 7 Warning Signs
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What is Associated Industries China Days Payable?

Associated Industries China TPE:9912 -0.39% 63 Days Payable is 49.00 as of Jun. 2026, which is 4% above its 10-year median of 46.91. GuruFocus rates TPE:9912 with a GF Score™ of 63/100 and a GF Value™ of NT$11.86 (Fairly Valued). The stock has 7 warning signs investors should review. Among 2,441 Hardware companies, Associated Industries China ranks worse than 71.77% on this metric.

Associated Industries China's average Accounts Payable for the three months ended in Jun. 2026 was NT$36.9 Mil. Associated Industries China's Cost of Goods Sold for the three months ended in Jun. 2026 was NT$68.6 Mil. Hence, Associated Industries China's Days Payable for the three months ended in Jun. 2026 was 49.00.

The historical rank and industry rank for Associated Industries China's Days Payable or its related term are showing as below:

TPE:9912' s Days Payable Range Over the Past 10 Years
Min: 38.65   Med: 46.91   Max: 66.83
Current: 45.87

During the past 13 years, Associated Industries China's highest Days Payable was 66.83. The lowest was 38.65. And the median was 46.91.

TPE:9912's Days Payable is ranked worse than
71.77% of 2441 companies
in the Hardware industry
Industry Median: 70.04 vs TPE:9912: 45.87

Associated Industries China's Days Payable declined from Jun. 2025 (61.78) to Jun. 2026 (49.00). It may suggest that Associated Industries China accelerated paying its suppliers.


Associated Industries China Days Payable Historical Data

* Premium members only.

The historical data trend for Associated Industries China'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.

Associated Industries China Days Payable Chart

Associated Industries China 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 52.87 39.53 45.97 66.83 47.85

Associated Industries China 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 61.78 48.45 22.01 48.81 49.00

TPE:9912 vs APH, GLW, TEL: Days Payable Comparison

For the Electronic Components subindustry, Associated Industries China'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.


Associated Industries China Days Payable vs Hardware Industry

For the Hardware industry and Technology sector, Associated Industries China's Days Payable distribution charts can be found below:

* The bar in red indicates where Associated Industries China's Days Payable falls into.


TPE:9912
63GF Score
Associated Industries China Inc TPE:9912
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Associated Industries China 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.

Associated Industries China'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
=( (48.667 + 28.943) / 2 ) / 296.013*365
=38.805 / 296.013*365
=47.85

Associated Industries China'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
=( (38.411 + 35.305) / 2 ) / 68.634*365 / 4
=36.858 / 68.634*365 / 4
=49.00

* 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 49.00 mean?
Associated Industries China (TPE:9912) has a Days Payable of 49.00 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 Associated Industries China and its competitors. This is near median its historical median of 46.91. Over the past decade, Associated Industries China's Days Payable has ranged from 38.65 to 66.83. According to the industry distribution chart, Associated Industries China ranks #1752 out of 2441 companies in the Hardware industry, placing it in the top 71.8%.
Is Associated Industries China's Days Payable too high?
Associated Industries China's current Days Payable of 49.00 is near median its 10-year median of 46.91. Over the past 10 years, this metric has ranged from a low of 38.65 to a high of 66.83. The Hardware industry median Days Payable is 70.04. Associated Industries China's value of 49.00 is 30% below this industry median. Based on the distribution chart, Associated Industries China ranks #1752 out of 2441 companies in the Hardware industry, which is below the industry midpoint. Overall, Associated Industries China has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Associated Industries China's Days Payable compare to APH and GLW?
According to the Hardware industry distribution chart, Associated Industries China ranks #1752 out of 2441 companies for Days Payable. This places Associated Industries China in the lower half of its industry. The industry median Days Payable is 70.04. Associated Industries China's value of 49.00 is 30% below this benchmark. Historically, Associated Industries China's own Days Payable has ranged from 38.65 to 66.83 over the past decade. While the company's 10-year median is 46.91 vs. the industry median of 70.04, Associated Industries China 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 Hardware company?
The median Days Payable among Hardware companies is 70.04, based on 2,441 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. Associated Industries China's current Days Payable of 49.00 is 30% 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 Associated Industries China and its competitors. For the Hardware industry, the median Days Payable is 70.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Associated Industries China's current Days Payable is 49.00, which is near median its own 10-year median of 46.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associated Industries China stock overvalued right now?
Based on GuruFocus' analysis, Associated Industries China (TPE:9912) is currently considered Fairly Valued. The stock's GF Value™ is NT$11.86, compared to a current price of NT$12.90 — trading 8.8% above its estimated fair value. The current Days Payable is 49.00, which is near median its 10-year median of 46.91 and 30% below the Hardware industry median of 70.04. Associated Industries China's overall GF Score™ is 63/100 with 7 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 Associated Industries China (TPE:9912), the current Days Payable is 49.00 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 Associated Industries China (TPE:9912) Overvalued in 2026?

Based on GuruFocus' analysis, Associated Industries China stock appears to be overvalued. The current stock price of NT$12.90 is trading 8.8% above its estimated GF Value™ of NT$11.86. GuruFocus considers Associated Industries China to be Fairly Valued.

Key valuation signals for TPE:9912:

  • Days Payable: 49.00 (near median its 10-year median of 46.91)
  • GF Value™: NT$11.86 vs. price of NT$12.90 (8.8% above fair value)
  • GF Score™: 63/100 with 7 warning signs
  • Industry Position: 30% below the Hardware median (#1752 of 2441)

No single metric tells the full story. See the TPE:9912 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Associated Industries China Business Description

Address No. 3-1, Park Street, 5th Floor-1, Nangang District, Taipei, TWN, 11503
Associated Industries China Inc is engaged in the research, development, and sale of LCD monitors, Medical equipment and Healthcare products, Other accessories, and the Real estate rental business. The company earns maximum revenue from LCD monitors, and geographically, the company earns maximum revenue from the Netherlands, followed by the United States, Taiwan, and others.
63GF Score

Get the complete analysis for TPE:9912

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

NT$12.90
Price
NT$11.86
GF Value