Giant Manufacturing Co (TPE:9921) Days Payable: 39.49 (As of Dec. 2025) — Near Median


TPE:9921 Giant Manufacturing Co Ltd TPE:9921
63 GF Score
Price NT$77.10
GF Value NT$131.14
Valuation Significantly Undervalued
! 6 Warning Signs
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What is Giant Manufacturing Co Days Payable?

Giant Manufacturing Co TPE:9921 +1.18% 63 Days Payable is 39.49 as of Dec. 2025, which is 3% above its 10-year median of 38.38. GuruFocus rates TPE:9921 with a GF Score™ of 63/100 and a GF Value™ of NT$131.14 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 780 Travel & Leisure companies, Giant Manufacturing Co ranks worse than 70.38% on this metric.

Giant Manufacturing Co's average Accounts Payable for the three months ended in Dec. 2025 was NT$4,271 Mil. Giant Manufacturing Co's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$9,870 Mil. Hence, Giant Manufacturing Co's Days Payable for the three months ended in Dec. 2025 was 39.49.

The historical rank and industry rank for Giant Manufacturing Co's Days Payable or its related term are showing as below:

TPE:9921' s Days Payable Range Over the Past 10 Years
Min: 26.23   Med: 38.38   Max: 40.23
Current: 32.4

During the past 13 years, Giant Manufacturing Co's highest Days Payable was 40.23. The lowest was 26.23. And the median was 38.38.

TPE:9921's Days Payable is ranked worse than
70.38% of 780 companies
in the Travel & Leisure industry
Industry Median: 57.05 vs TPE:9921: 32.40

Giant Manufacturing Co's Days Payable increased from Dec. 2024 (38.09) to Dec. 2025 (39.49). It may suggest that Giant Manufacturing Co delayed paying its suppliers.


Giant Manufacturing Co Days Payable Historical Data

* Premium members only.

The historical data trend for Giant Manufacturing 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.

Giant Manufacturing Co Days Payable Chart

Giant Manufacturing 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 39.31 37.47 34.96 26.23 32.08

Giant Manufacturing Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 38.09 28.66 30.95 32.73 39.49

TPE:9921 vs AS, HAS, LTH: Days Payable Comparison

For the Leisure subindustry, Giant Manufacturing 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.


Giant Manufacturing Co Days Payable vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Giant Manufacturing Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Giant Manufacturing Co's Days Payable falls into.


TPE:9921
63GF Score
Giant Manufacturing Co Ltd TPE:9921
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Giant Manufacturing 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.

Giant Manufacturing 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
=( (4401.458 + 4092.096) / 2 ) / 48316.713*365
=4246.777 / 48316.713*365
=32.08

Giant Manufacturing Co's Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (4450.865 + 4092.096) / 2 ) / 9869.685*365 / 4
=4271.4805 / 9869.685*365 / 4
=39.49

* 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 39.49 mean?
Giant Manufacturing Co (TPE:9921) has a Days Payable of 39.49 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 Giant Manufacturing Co and its competitors. This is near median its historical median of 38.38. Over the past decade, Giant Manufacturing Co's Days Payable has ranged from 26.23 to 40.23. According to the industry distribution chart, Giant Manufacturing Co ranks #549 out of 780 companies in the Travel & Leisure industry, placing it in the top 70.4%.
Is Giant Manufacturing Co's Days Payable too high?
Giant Manufacturing Co's current Days Payable of 39.49 is near median its 10-year median of 38.38. Over the past 10 years, this metric has ranged from a low of 26.23 to a high of 40.23. The Travel & Leisure industry median Days Payable is 57.05. Giant Manufacturing Co's value of 39.49 is 30.8% below this industry median. Based on the distribution chart, Giant Manufacturing Co ranks #549 out of 780 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Giant Manufacturing Co has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Giant Manufacturing Co's Days Payable compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Giant Manufacturing Co ranks #549 out of 780 companies for Days Payable. This places Giant Manufacturing Co in the lower half of its industry. The industry median Days Payable is 57.05. Giant Manufacturing Co's value of 39.49 is 30.8% below this benchmark. Historically, Giant Manufacturing Co's own Days Payable has ranged from 26.23 to 40.23 over the past decade. While the company's 10-year median is 38.38 vs. the industry median of 57.05, Giant Manufacturing Co 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 Travel & Leisure company?
The median Days Payable among Travel & Leisure companies is 57.05, based on 780 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. Giant Manufacturing Co's current Days Payable of 39.49 is 30.8% 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 Giant Manufacturing Co and its competitors. For the Travel & Leisure industry, the median Days Payable is 57.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Giant Manufacturing Co's current Days Payable is 39.49, which is near median its own 10-year median of 38.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Giant Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Giant Manufacturing Co (TPE:9921) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$131.14, compared to a current price of NT$77.10 — trading 41.2% below its estimated fair value. The current Days Payable is 39.49, which is near median its 10-year median of 38.38 and 30.8% below the Travel & Leisure industry median of 57.05. Giant Manufacturing Co's overall GF Score™ is 63/100 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 Giant Manufacturing Co (TPE:9921), the current Days Payable is 39.49 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 Giant Manufacturing Co (TPE:9921) Overvalued in 2026?

Based on GuruFocus' analysis, Giant Manufacturing Co stock appears to be undervalued. The current stock price of NT$77.10 is trading 41.2% below its estimated GF Value™ of NT$131.14. GuruFocus considers Giant Manufacturing Co to be Significantly Undervalued.

Key valuation signals for TPE:9921:

  • Days Payable: 39.49 (near median its 10-year median of 38.38)
  • GF Value™: NT$131.14 vs. price of NT$77.10 (41.2% below fair value)
  • GF Score™: 63/100 with 6 warning signs
  • Industry Position: 30.8% below the Travel & Leisure median (#549 of 780)

No single metric tells the full story. See the TPE:9921 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Giant Manufacturing Co Business Description

Address Dongda Road, No. 997 and 999, Section 1, Xitun District, Taichung, TWN, 40763
Giant Manufacturing Co Ltd manufactures and sells bicycles, electric bicycles and related parts. Its segments includes Bicycle, Materials, and Others. The company generates majority of its revenue from Bicycle segment.
63GF Score

Get the complete analysis for TPE:9921

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

NT$77.10
Price
NT$131.14
GF Value