Merida Industry CoTPE:9914 +2.41%66 Days Payable is 73.51 as of Dec. 2025, which is 12% above its 10-year median of 65.77. GuruFocus rates TPE:9914 with a GF Score™ of 66/100 and a GF Value™ of NT$136.46 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 778 Travel & Leisure companies, Merida Industry Co ranks better than 52.06% on this metric.
The historical rank and industry rank for Merida Industry Co's Days Payable or its related term are showing as below:
TPE:9914'
s Days Payable Range Over the Past 10 Years
Min: 53.03 Med: 65.77 Max: 74.89
Current: 59.42
During the past 13 years, Merida Industry Co's highest Days Payable was 74.89. The lowest was 53.03. And the median was 65.77.
TPE:9914's Days Payable is ranked better than 52.06% of 778
companies
in the Travel & Leisure industry
Industry Median: 56.525
vs TPE:9914: 59.42
Merida Industry Co's Days Payable
declined
from Dec. 2024 (85.95) to Dec. 2025 (73.51).
It may suggest that Merida Industry Coaccelerated paying its suppliers.
Merida Industry Co Days Payable Related Terms
Merida Industry Co Days Payable Historical Data
* Premium members only.
The historical data trend for Merida Industry 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.
For the Leisure subindustry, Merida Industry 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.
Merida Industry Co Days Payable vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Merida Industry Co's Days Payable distribution charts can be found below:
* The bar in red indicates where Merida Industry Co'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.
Merida Industry Co'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.
Merida Industry Co (TPE:9914) has a Days Payable of 73.51 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 Merida Industry Co and its competitors. This is 12% above median its historical median of 65.77. Over the past decade, Merida Industry Co's Days Payable has ranged from 53.03 to 74.89. According to the industry distribution chart, Merida Industry Co ranks #373 out of 778 companies in the Travel & Leisure industry, placing it in the top 47.9%.
Is Merida Industry Co's Days Payable too high?
Merida Industry Co's current Days Payable of 73.51 is 12% above median its 10-year median of 65.77. Over the past 10 years, this metric has ranged from a low of 53.03 to a high of 74.89. The Travel & Leisure industry median Days Payable is 56.53. Merida Industry Co's value of 73.51 is 30% above this industry median. Based on the distribution chart, Merida Industry Co ranks #373 out of 778 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Merida Industry Co has a GF Score™ of 66/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Merida Industry Co's Days Payable compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Merida Industry Co ranks #373 out of 778 companies for Days Payable. This puts Merida Industry Co in the upper half of its industry. The industry median Days Payable is 56.53. Merida Industry Co's value of 73.51 is 30% above this benchmark. Historically, Merida Industry Co's own Days Payable has ranged from 53.03 to 74.89 over the past decade. While the company's 10-year median is 65.77 vs. the industry median of 56.53, Merida Industry 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 Travel & Leisure company?
The median Days Payable among Travel & Leisure companies is 56.53, based on 778 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. Merida Industry Co's current Days Payable of 73.51 is 30% 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 Merida Industry Co and its competitors. For the Travel & Leisure industry, the median Days Payable is 56.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merida Industry Co's current Days Payable is 73.51, which is 12% above median its own 10-year median of 65.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merida Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Merida Industry Co (TPE:9914) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$136.46, compared to a current price of NT$76.60 — trading 43.9% below its estimated fair value. The current Days Payable is 73.51, which is 12% above median its 10-year median of 65.77 and 30% above the Travel & Leisure industry median of 56.53. Merida Industry Co's overall GF Score™ is 66/100 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 Merida Industry Co (TPE:9914), the current Days Payable is 73.51 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 Merida Industry Co (TPE:9914) Overvalued in 2026?
Based on GuruFocus' analysis, Merida Industry Co stock appears to be undervalued.
The current stock price of NT$76.60 is trading 43.9% below its estimated GF Value™ of NT$136.46.
GuruFocus considers Merida Industry Co to be Significantly Undervalued.
Key valuation signals for TPE:9914:
Days Payable: 73.51 (12% above median its 10-year median of 65.77)
GF Value™: NT$136.46 vs. price of NT$76.60 (43.9% below fair value)
Industry Position: 30% above the Travel & Leisure median (#373 of 778)
No single metric tells the full story. See the TPE:9914 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merida Industry Co Ltd is a manufacturer and distributor of bicycles and bicycle-related components, domiciled in Taiwan. The company produces bicycles for both recreational and professional use. Products include mountain bicycles, road and racing bicycles, bicycle motocross, or BMX, folding bicycles, children and youth bicycles, electric bicycles, helmets, components, and related parts and accessories. It distributes bicycles and components both domestically and internationally, and products are largely sold under the Merida brand name.
66GF Score
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