Associated Industries ChinaTPE:9912 61 Days Payable is 22.01 as of Dec. 2025, which is 53% below its 10-year median of 46.91. GuruFocus rates TPE:9912 with a GF Score™ of 61/100 and a GF Value™ of NT$11.36 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 2,436 Hardware companies, Associated Industries China ranks worse than 71.31% on this metric.
* 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.
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.
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.
* 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 (TPE:9912) has a Days Payable of 22.01 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 Associated Industries China and its competitors. This is 53% below 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 #1737 out of 2436 companies in the Hardware industry, placing it in the top 71.3%.
Is Associated Industries China's Days Payable too high?
Associated Industries China's current Days Payable of 22.01 is 53% below 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 69.89. Associated Industries China's value of 22.01 is 68.5% below this industry median. Based on the distribution chart, Associated Industries China ranks #1737 out of 2436 companies in the Hardware industry, which is below the industry midpoint. Overall, Associated Industries China has a GF Score™ of 61/100 and is considered Modestly Overvalued, 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 #1737 out of 2436 companies for Days Payable. This places Associated Industries China in the lower half of its industry. The industry median Days Payable is 69.89. Associated Industries China's value of 22.01 is 68.5% 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 69.89, 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 69.89, based on 2,436 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 22.01 is 68.5% 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 Associated Industries China and its competitors. For the Hardware industry, the median Days Payable is 69.89 — 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 22.01, which is 53% below 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 Modestly Overvalued. The stock's GF Value™ is NT$11.36, compared to a current price of NT$12.70 — trading 11.8% above its estimated fair value. The current Days Payable is 22.01, which is 53% below median its 10-year median of 46.91 and 68.5% below the Hardware industry median of 69.89. Associated Industries China's overall GF Score™ is 61/100 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 22.01 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 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$12.70 is trading 11.8% above its estimated GF Value™ of NT$11.36.
GuruFocus considers Associated Industries China to be Modestly Overvalued.
Key valuation signals for TPE:9912:
Days Payable: 22.01 (53% below median its 10-year median of 46.91)
GF Value™: NT$11.36 vs. price of NT$12.70 (11.8% above fair value)
Industry Position: 68.5% below the Hardware median (#1737 of 2436)
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 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.
61GF Score
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