Taiwan Shin Kong Security Co (TPE:9925) Days Payable: 13.91 (As of Dec. 2025) — 30% Below Median


TPE:9925 Taiwan Shin Kong Security Co Ltd TPE:9925
88 GF Score
Price NT$40.85
GF Value NT$43.21
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Taiwan Shin Kong Security Co Days Payable?

Taiwan Shin Kong Security Co TPE:9925 +0.37% 88 Days Payable is 13.91 as of Dec. 2025, which is 30% below its 10-year median of 19.89. GuruFocus rates TPE:9925 with a GF Score™ of 88/100 and a GF Value™ of NT$43.21 (Fairly Valued). The stock has 5 warning signs investors should review. Among 943 Business Services companies, Taiwan Shin Kong Security Co ranks worse than 82.61% on this metric.

Taiwan Shin Kong Security Co's average Accounts Payable for the three months ended in Dec. 2025 was NT$220 Mil. Taiwan Shin Kong Security Co's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$1,442 Mil. Hence, Taiwan Shin Kong Security Co's Days Payable for the three months ended in Dec. 2025 was 13.91.

The historical rank and industry rank for Taiwan Shin Kong Security Co's Days Payable or its related term are showing as below:

TPE:9925' s Days Payable Range Over the Past 10 Years
Min: 14.17   Med: 19.89   Max: 22.73
Current: 14.17

During the past 13 years, Taiwan Shin Kong Security Co's highest Days Payable was 22.73. The lowest was 14.17. And the median was 19.89.

TPE:9925's Days Payable is ranked worse than
82.61% of 943 companies
in the Business Services industry
Industry Median: 46.92 vs TPE:9925: 14.17

Taiwan Shin Kong Security Co's Days Payable declined from Dec. 2024 (14.97) to Dec. 2025 (13.91). It may suggest that Taiwan Shin Kong Security Co accelerated paying its suppliers.


Taiwan Shin Kong Security Co Days Payable Historical Data

* Premium members only.

The historical data trend for Taiwan Shin Kong Security 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.

Taiwan Shin Kong Security Co Days Payable Chart

Taiwan Shin Kong Security 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 22.14 19.80 17.84 16.22 14.79

Taiwan Shin Kong Security 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 14.97 14.77 13.64 13.80 13.91

TPE:9925 vs ALLE, MSA, ADT: Days Payable Comparison

For the Security & Protection Services subindustry, Taiwan Shin Kong Security 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.


Taiwan Shin Kong Security Co Days Payable vs Business Services Industry

For the Business Services industry and Industrials sector, Taiwan Shin Kong Security Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Taiwan Shin Kong Security Co's Days Payable falls into.


TPE:9925
88GF Score
Taiwan Shin Kong Security Co Ltd TPE:9925
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taiwan Shin Kong Security 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.

Taiwan Shin Kong Security 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
=( (215.048 + 225.145) / 2 ) / 5429.938*365
=220.0965 / 5429.938*365
=14.79

Taiwan Shin Kong Security 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
=( (214.33 + 225.145) / 2 ) / 1441.695*365 / 4
=219.7375 / 1441.695*365 / 4
=13.91

* 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 13.91 mean?
Taiwan Shin Kong Security Co (TPE:9925) has a Days Payable of 13.91 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 Taiwan Shin Kong Security Co and its competitors. This is 30% below median its historical median of 19.89. Over the past decade, Taiwan Shin Kong Security Co's Days Payable has ranged from 14.17 to 22.73. According to the industry distribution chart, Taiwan Shin Kong Security Co ranks #779 out of 943 companies in the Business Services industry, placing it in the top 82.6%.
Is Taiwan Shin Kong Security Co's Days Payable too high?
Taiwan Shin Kong Security Co's current Days Payable of 13.91 is 30% below median its 10-year median of 19.89. Over the past 10 years, this metric has ranged from a low of 14.17 to a high of 22.73. The Business Services industry median Days Payable is 46.92. Taiwan Shin Kong Security Co's value of 13.91 is 70.4% below this industry median. Based on the distribution chart, Taiwan Shin Kong Security Co ranks #779 out of 943 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Taiwan Shin Kong Security Co has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Shin Kong Security Co's Days Payable compare to ALLE and MSA?
According to the Business Services industry distribution chart, Taiwan Shin Kong Security Co ranks #779 out of 943 companies for Days Payable. This places Taiwan Shin Kong Security Co in the lower half of its industry. The industry median Days Payable is 46.92. Taiwan Shin Kong Security Co's value of 13.91 is 70.4% below this benchmark. Historically, Taiwan Shin Kong Security Co's own Days Payable has ranged from 14.17 to 22.73 over the past decade. While the company's 10-year median is 19.89 vs. the industry median of 46.92, Taiwan Shin Kong Security 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 Business Services company?
The median Days Payable among Business Services companies is 46.92, based on 943 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. Taiwan Shin Kong Security Co's current Days Payable of 13.91 is 70.4% 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 Taiwan Shin Kong Security Co and its competitors. For the Business Services industry, the median Days Payable is 46.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Shin Kong Security Co's current Days Payable is 13.91, which is 30% below median its own 10-year median of 19.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Shin Kong Security Co stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Shin Kong Security Co (TPE:9925) is currently considered Fairly Valued. The stock's GF Value™ is NT$43.21, compared to a current price of NT$40.85 — trading 5.5% below its estimated fair value. The current Days Payable is 13.91, which is 30% below median its 10-year median of 19.89 and 70.4% below the Business Services industry median of 46.92. Taiwan Shin Kong Security Co's overall GF Score™ is 88/100 with 5 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 Taiwan Shin Kong Security Co (TPE:9925), the current Days Payable is 13.91 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 Taiwan Shin Kong Security Co (TPE:9925) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Shin Kong Security Co stock appears to be undervalued. The current stock price of NT$40.85 is trading 5.5% below its estimated GF Value™ of NT$43.21. GuruFocus considers Taiwan Shin Kong Security Co to be Fairly Valued.

Key valuation signals for TPE:9925:

  • Days Payable: 13.91 (30% below median its 10-year median of 19.89)
  • GF Value™: NT$43.21 vs. price of NT$40.85 (5.5% below fair value)
  • GF Score™: 88/100 with 5 warning signs
  • Industry Position: 70.4% below the Business Services median (#779 of 943)

No single metric tells the full story. See the TPE:9925 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Shin Kong Security Co Business Description

Address No. 128, Xing\'ai Road, Neihu District, Taipei, TWN
Taiwan Shin Kong Security Co Ltd is a Taiwanese security systems provider. It is engaged in the design, sale, rental, installation, maintenance, repair, and inspection of fire prevention, burglary prevention, and fire protection apparatus, as well as the import and export of these products and the operation and investment of such businesses. The reportable segments of the company are the electronic services business, cash-in-transit business, stationed security business, and others. The majority of its revenue is generated from the electronic services segment which provides electronic security services.
88GF Score

Get the complete analysis for TPE:9925

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

NT$40.85
Price
NT$43.21
GF Value